Cryptocurrency and Sports - BIG POTENTIAL - WOWZERS
There is so much potential for cryptocurrency in sports. It really is a Brilliant WIN/WIN scenario for all involved in cryptocurrency and sports. It really is that simple.
Owners of sports teams. Each team has it's own cryptocurrency. That' equivalent to being your own private bank with your own currency. That's Huge. Takes Funding and Project Development projects to the highest level of excellence. Will get back to the specifics of it in a moment.
Players of Games - Each player is banking crypto. Each player becomes their own private bank. Essentially really living the Franchise player point to the fullest. All of a sudden playing for different teams throughout playing career isn't such a bad thing....might even be more desirable. With the earning possible to be made on trading crypto's it's a pretty safe bet that players will be trading the crypto markets as they be holding fat stacks of crypto. Not to mention the chirp bets between players throughout the league. What about players creating their own Asset Token as like a sort of Insurance bet of support on the player - where the coin/asset/token pays dividends....earnings...additional asset/token/crypto when the player scores points. Talk about a potentially sweet playing...paying asset option. When a player is an asset it sure is a good asset to play with.
Maybe even player of game tokens. Obviously a whole bunch of different formulas could be created to make it win / win scenario for players and fans.
Fans - Talk about taking stake in your teams. Easier than ever for fans to get involved in their favorite franchises. A number of incentives can be created to support excellent sport development programs in all communitites connected to the pro sport team. Like the whole amateur sports system, can function as a sport point in association with the pro system. This makes for a super healthy community ecosystem of sports regard. This supports the very small time minor league sports players...all the way up to the very big league players...and the families and friends of all players. Strong sport community programs. A win / Win for all involved.
By considering and regarding all players that make up a sports community from the big league franchise to the small time player...each piece...part...player...participant is important in the ecosystem...and thus with the support and structure of cryptocurrency...it makes it easier than every for community to support best community living with and through sport.
Cryptocurrency and sport is just one example of community and cryptocurrency and the parallels with best potential development....because the governance model becomes self-governance for the people by the people....because the people is the community...and anythings substantial effectiveness in expressing Greatness, Is the base starting point as the WIN / WIN equation. It's the winning recipe. The winning formula.
The DREAM is STEEM ON
Thanks to @ricorolla and cryptocurrency and sports
There's alot of money to be made
I'm surprised the gambling industry hasn't adopted the cryptos .. Even if they had there own tokens .
So say you can deposit cash or cryptos for tokens and then when you cash out you can take cryptos or cash or just hold the tokens
There's a lot happening with regards to gambling and crypto's. A lot. There's a number of places where you can play online casino games for various cryptos...the space is ever increasing. Also check out peerplays...its a away to take an investment in a gambling token....though not sure how much it's being used at the moment...but it runs/works on same style blockchain as steem and bitshares.....the graphene stuff....which is a very high performance blockchain that can handle high level transactions.
Perhaps it looks like gambling industry hasnt adopted cryptos....because some of the biggest gambling traditional hustles are not at the front of change...and thus moneys are flowing into new hands more and more so....as the traditional bookies are losing more and more of their books.
Blockchain tech is cutting out the middle man in so many ways...making the quality of services and products that much better. Who would of thought that by being more effective in efficiency with regards to productivity would correlate with quality of product and service. Like, Work Less - Smarter - for Best Quality Life Living. Permaculture at it's finest :)
The future I see...is not so much about cashing out of cryptos....but just exchanging within...between cryptos. Markets being much more vibrant with every day...every body plays...supporting strong life vitality and vigor.
Thanks for your thorough analysis its very interesting. I will check out those sites you mentioned. I do agree with pretty much everything you said and cryptos are the way forward for pretty much everything. The only thing about cryptos at the moment is they can be pretty volatile and business's don't like volatility.
Buy yes definitely for the near future
agreed
Great post player! Let's all get this money together!
I should learn gambling first.
Genius idea! Recently someone was posting about cryptocurrency lottery. Love all the ideas you guys are coming up with to incorporate Steemit!
Thanks for the shoutout, definitely an incredible idea. Like you mentioned, this would be a way for fans to truly find a way to have an actual stake in their favorite teams, using crypto. Great read.