Time Accepting Bitcoin As Payment For Advertising

in Threespeak28 days ago (edited)

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It was recently announced that Grayscale and Time have partnered allowing the magazine to accept Bitcoin as payment for advertising. To me, this is another instance that tells us the story of where Bitcoin is going.

In this video I talk about how corporations are going to be accumulating Bitcoin through a variety of methods, leaving the average person out.

Here is a link to the article mentioned in the video:

https://decrypt.co/66263/time-joins-tesla-keeping-bitcoin-balance-sheet


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i could see bitcoin increasingly being used by these huge companies like this, say to pay for advertisements or other costs related to the business that could lower their need for their reliance on fiat for budgeting these thing-if the money comes "out of thin air" (from their previous investment of course)then it doesn't really come out of their coffers and would be a huge way to offset their costs. for example, tesla doubling their 1.5 billion insanely quickly... something i imagine hasnt been done very often, or possibly ever, even.

a good question might be, what kind of abundance will all these huge corporations end up with and what will they do with all this money they will be generating? because it surely has to eclipse what the average joe q crypto is capable of pulling in.

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I would believe that it will be better on their balance sheets, as you mention, as opposed to being used as a medium of exchange. They have plenty of ways to do that. But doubling the holding on the balance sheet in a quarter like Tesla did, that isn't going to happen with other assets.

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The fact that Time and Tesla and many others to follow will not sell their BTC once cashing it in, says a lot about the future of this thing. As you said, Time joining the trend is not much of a news, but it is something. Same as noobs being able to buy crypto at coffee shops in Romania. It's that network effect that you're mentioned about so much is highly valuable for this space.

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It is publicity if nothing else. I am not sure it will do much but it is a conversation piece which helps the overall.

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I saw that earlier today and this is going to creep into more and more businesses now. If you received Bitcoin would you sell it or keep it? Most businesses will accumulate as this is a store of value and it wont be hitting the exchanges. At some point if this carries on there will be nothing left to trade and the value will have to rocket.

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Since I have a feeling it will be an inconsequential amount in terms of their overall numbers, I think they will simply hold it and let it appreciate.

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Exactly what I am thinking and if you have 100's of companies doing exactly the same thing with Bitcoin being stored away from the exchanges it has to have an impact on price eventually.

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I was wondering if some corporations would just buy the BTC and then use the interest gained off it to pay for advertisement. I would think that might work as a way to get free advertisements and it would allow them to keep the asset on their balance sheet.

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It could be. Of course, when you look at the numbers overall, the growth rate will be more important than just the ability to pay for advertising.

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Everyone wants a piece of it!

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Looks like bitcoin is going to be everywhere! It's time to make our own Communities and Coins.

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Well the talk of it is. I am not sure too many will buy advertising with Bitcoin but we will see.

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The online advertising industry is huge! If crypto could tap the space, it'd be massive.

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Here is certainly one of the most important news I came across yesterday. Seems like all the big names are looking for how to squeeze the juice of Bitcoin out of the hands of the ordinary man. It's a great time to be alive!

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@taskmaster4450le this shows that more and more people are beginning to see the good sides of Bitcoin and the crypto world as a whole....

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