Crypto Co-stars With Hollywood (axios.com) 24
Crypto has gone Hollywood, and vice versa, as the two industries are deepening their financial and strategic ties. From a report: For crypto, these partnerships are about building brand awareness. For entertainers and entertainment companies, it's about fear of missing out on the next big thing.The Staples Center in Los Angeles said Wednesday that it will be renamed Crypto.com Arena, via a 20-year naming rights deal valued north of $700 million. Expect there to be in-stadium synergies, including around NFTs. This comes after a slew of actors, athletes, musicians and influencers have invested in crypto companies, often becoming official or de facto spokespeople. Others are peddling NFTs. Some want to get in early on an emerging technology that could revolutionize their industries, unlike the original social media revolution in which most of the profit stayed in Silicon Valley. Or, as one crypto insider told Axios: "Ashton Kutcher made a ton of money by getting in early on Twitter, but he was kind of alone ... Lots of people in Hollywood want to make sure they don't make that mistake again."
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Which were you talking about? Scientology or Catholicism? Both?
Just because one has been around a lot longer and has its hooks in more people doesn't mean it isn't a cult. Zombie Jesus would be ashamed of your logic.
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Jesus was not (we're assuming he existed so go with it) a zombie. He would have been a lich [funnyjunk.com].
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Dammit. As somebody that takes pride in his supernatural creature references, I now feel a shame you can not possibly imagine.
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Yea (Score:5, Informative)
and the only real proof you needed was the Morgan Stanley CEO screaming about how crypto isn't going away. [marketwatch.com] No one are bigger thieves than bankers.
It's interesting to watch the lesser grifters pile on the bandwagon. Unfortunately the credulous and desperate are the ones who end up getting fucked. I assume blockchain for Jesus is next.
I personally know of at least one friend of my wife, in their 50s, who quit their career in social work because of burn out, who now thinks buying a Tesla is an investment and that BTC will make them rich. They also think they're an "investor". It's fucking sad.
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Have you talked to them recently since J.P. Morgan is suing Tesla [cnn.com] over a contract for stock warrants which Tesla never delivered? Or how the NHTSA is investigating Tesla's self-driving software [cnn.com], especially after one of the vehicles deliberately drove into the opposing lane of traffic and refused to give control back to the driver?
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I haven't, but much of this is the modern equivalent of the shoe shine boy [4investors.eu].
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Company outlive the naming rights? (Score:5, Insightful)
Twenty years is a long time in a lot of industries. How many companies will crypto.com belong to in that time?
The loser in all of this (Score:4, Insightful)
The loser in all of this is Mavis Staples.
Although Mavis Crypto is a pretty cool name.
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It's a notation on a blockchain saying "0x88837F2 bought this."
"This" is usually a URL.
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When everybody is getting rich... (Score:4, Insightful)
...the bubble is about to explode.
Even Isaac Newton lost his fortune [factmyth.com] because all his friends were getting rich investing in the South Sea company, and he couldn't avoid going heavy, even though there was no rationale for the investment.
But this time it's different, because blockchain.
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This. I'm seeing more and more of the rabble buy into this thing, meaning we will soon be out of bigger fools. When your taxi driver, or nowadays your Uber driver, starts giving you crypto advice you'll know its time to run for the hills and HODL no more.
Nobody can use Bitcoin for most of their day-to-day expenses, and even if they could, it doesn't justify an ever growing valuation. The only killer app claim that holds any water is anonymity (for criminal activity) that has already been punctured in som
/. should change their URL to (Score:2)
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Seriously, how many fucking crypto articles do we need every fucking week?
Gangs (Score:2)
When I heard about the new name, I immediately thought that the name may be an issue with the infamous gangs that LA is known for.
AFAIK There never was a gang in LA named "Staples" or had a name close to "Staples".