NFL player paid in Bitcoin

saw reference to this..... Russell Okung OT (i think he played for OK State).. half his salary in bitcoin.

only read one article. but a couple of Q's:

1) are they just taking a $2.5 million payment (hypothetical) and buying him bitcoins at the spot rate?.. why can't Russell do this himself?

2) liability for teams years down the road... "i didn't know bitcoin was a 'scam"... i'm not saying bitcoin is a 'scam' although i'm not a big fan.

3) is converting millions of dollars to bitcoin a big deal?.. liquidity?

would be MUCH MORE INTERESTING if they put the money he will be paid in the future into bitcoin i.e. locked in today's price for future payments... but i think it's uncertain how much RO will get paid in future. NFL pays (paid?) big money guaranteed up-front but then can get rid of contracts very easily. unique amongst the big leagues.

i'll append 2 more q's:

1) does bitcoin pay interest?

2) are there easy public plays on bitcoin other than GBTC? was OTC stock last time i looked?... i know there are things like NVDA but not direct play.. i'm lazy. i should just google "bitcoin ETF"

Bit coin is skating on illegal activity.

Republicans put in place laws safe guarding the federal reserve note.  The short of it is you can only use USD to pay for services or goods.

Bitcoin is illegal to use in face of this law.

But with so many laws so much regulations most Every day citizen doesn't even understand this is an illegal commodity.  

Bitcoin allows anonymous payments it delt in drugs money laundering illegal gambling activity prostitution gun and human trafficking on international trade spectrum. 

It is not even in scope of fbi investigations they seem to focus on optical figures at the moment.

My two cent: Bitcoin is most definitely becoming more mainstream and like most things it is neither all good or bad. NEgatives: it is a black market currency as it is often used for illegal activities although this is becoming less as it has become more traceable/regulated (good and bad). Positives: it is considered a store of value and is not centralized by any government. MAny large hedge funds are utilizing as will as mainstream companies including Paypal, Square, gray scale, etc. It has been used as a hedge like gold in many portfolios. If you live in some countries it can be very important preservation strategy as a government collapse can destroy all wealth. It is decentralized and not tied tu any fiat. Like any currency it goes as far as public belief allows. The dollar is worth nothing unless everyone shares the belief that it is worth something. You can't eat it.

 Bitcoin has done extremely well this year. CNBC features it consistently as more financial advisors see it as an asset class. Crypto exchanges will be IPOing soon. If you would like to invest without actually buying the crypto, microstems, ticker symbol mstr has a significant investment in bitcoin and trades in tandem for the most part. There are others. It most certainly is volatile. Many also think it is a fad that will be regulated and lose value as soon as governments feel they are losing control. I see both the concerns and the benefits. I am certainly not an authority. It has done well in my portfolio and I feel fortunate that in the current environment I have a job and the ability have a "portfolio". MAny people believe these decentralized currencies will allow for people to maintain value in countries that have had an unstable economy. I see that as one of the biggest benefits. It is sad that people work there entire life in some countries only to have their currencies collapse and lose all savings. not fair. Kind of like getting sick in our country and not having health care.

thx for the comments BTW

my 2 cents on bitcoin.

positives: it is a speculative asset and it is good for hiding activity from the government.

bad: very hard to use.

shortcoming: terrible as currency. not stable. (and yes, going up is "not stable")

unclear in my mind": the whole non-fiat currency aspect......... hard to say if bitcoin will be durable itself. US$ is pretty durable. as are japanese yen, euro etc.... i do appreciate "the usa govt is just printing money". but not sure bitcoin is good alternative to this.