Rapper TI Cryptocurrency Fraud: Charged and Fined $75,000 ...

Great Misconception

"Bitcoin will never work becuase no one spends it."
Um not quite...
In 2014 rapper '50 cent' accepts bitcoin for online album sale netting him a nice 700 btc. 4 years later those sales in bitcoin are worth 8 million dollars.
Source:
http://www.bbc.com/news/business-42820246
submitted by slvbtc to Bitcoin [link] [comments]

50 Cent Accidentally Becomes BitCoin Millionaire

https://zycrypto.com/rapper-50-cent-nets-fortune-forgotten-bitcoin/
Does anyone have thoughts about this new development. He's not the only celebrity to get on the digital currency bandwagon. Katy Perry and Ashton Kutcher are the other notables. Currencies aren't real they are just inventions. The more people believe in them and buy into them the more power they garner. Should I be worried that so many people will buy into these currencies that they will allow countries to make currency regimes around them?
I've asked a different question about so called bitcion millionaires before and some readers on this sub have said that while the obsolescence of fiat currencies may happen it's not set in stone that block chain will become the new default currency. Even if some sort of digital currency may take it's place.
Should I be worried about bitcoin billionaries and how this will effect my decision to buy municipal bonds and federal treasury bonds in the near future? I'm an underclass type and don't have much capital so I was told the safest place to begin when you start building capital for the first time is to collect bonds. Is it even worth it to invest in block chain money as an asset? How would a pro MMT investor approach this trend?
submitted by K1ng_L3ar to mmt_economics [link] [comments]

Join Bitcoin Rodney Now Anthony Pompliano on Investing Over Half of Net Worth in ... BEST RAPPERS BY NET WORTH 2019 🔥💵 - YouTube Anthony Top Richest Rappers Bitcoin Worth - Crypto Currencies

Rapper 50 Cent owns bitcoins worth Millions of Dollars. Rapper 50 Cent discovered that he has millions of dollars worth of bitcoin from long-ago album sales. Nearly 700 bitcoin was paid in return for a 2014 release and was promptly forgotten. After four years, the world's most famous cryptocurrency is flying around 11,000 USD per coin, which would net the artist a cool 7.7 million USD. Umh, with a net worth of $150 million at the time, it's pretty easy to forget about 700 bitcoins that were pretty much worthless at the time he got them from the record sales. Do you honestly think, 50 cent even knew about bitcoin a year ago before this hype. Rapper TI and four other people, including film producer Ryan Felton, have been charged by the U.S. Securities and Exchange Commission (SEC) over fraudulent token sales. TI, or Tip as the rapper ... He has an estimated net worth close to $500 million, therefore if someone of his financial standing endorses an investment product, many people would also invest in it. We looked for incidence that Peter Jones has endorsed Bitcoin Trader, however we did not find anything. Rapper 50 Cent reportedly found out he has millions of dollars worth of bitcoin from long-ago album sales. Nearly 700 bitcoin were paid in return for a 2014 release, and was promptly forgotten. Four years later, the world’s most popular cryptocurrency is hovering around 11,000 USD per coin, which would net the artist a cool ...

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