BITCOIN

barnstar2077

Adyinvestment said:

I went to Avon Valley adventure park today (kids loved it by the way), when booking the tickets last night on the website I noticed at the top of the page large pay with Bitcoin and some other Crypto logo's.

Today at the park, all the food/drink places had "Pay With Bitcoin" in very prominent positions and I kept seeing Bitcoin signs wherever you could buy anything, the tanoid system repeatedly stated the park was cashless and to pay with either card or Bitcoin.

I did ask one of the staff serving if it was used much, he said it was very new and not many customers used it, but also said that a lot of people had asked about it. He did not know how the transaction was processed but I could see a lightning sign on the screen so I assume the lightning network.

That is some serious free advertising for Bitcoin.

Maybe it's because they can't afford their own rollercoaster, so Bitcoin will have to suffice! :  )

Adyinvestment

barnstar2077 said:

Maybe it's because they can't afford their own rollercoaster, so Bitcoin will have to suffice! :  )

Ha ha I see what you did there  

I did also semi joke with the cashier that I expect the owner/s had a stack of Bitcoin 

Malthusian

Adyinvestment said:

I did also semi joke with the cashier that I expect the owner/s had a stack of Bitcoin 

You are correct. The people behind the park are so deep in crypto that on 2 July the park hosted "The Bitcoin Adventure". It took some Googling to find any details, but the event seems to have been a success, as far as crypto bro seminars hosted in an adventure park outside Keynsham go.

This family-friendly weekend is designed to let you and your family en joy one of the best visitor attractions in the South West while learning about Bitcoin in a casual and open environment.
Enjoy the relaxing Deck bar with a cool drink while expandind your mind about Bitcoin. Never has there been a more relaxed and enjoyable way to learn about the future of money. [sic]

Promoting Bitcoin to farmers' children in between rabbit cuddling and pig racing. Gonna be a long crypto winter.
Before anyone starts complaining about strawmen (geddit?), the Cointelegraph write-up explicitly celebrated encouraging minors to gamble on Bitcoin.

Coach Carbon, the Bitcoin football coach behind Bitcoin Ballers was helping toddlers to teenagers “get off zero” with an inflatable football goal. 

["Getting off zero" is crypto jargon for persuading newcomers to put money in Bitcoin for the first time.]

*edit* Oh, and even they (notwithstanding the marketing nonsense) don't accept crypto.  I checked the booking prices - all prices are quoted in GBP, no prices quoted in BTC or any of the other tokens mentioned. 

You do however get a whole 50% off if you convert crypto to GBP via their affiliate link - but it's still 50% off in GBP.

The future of money!

Frequentlyhere

You do however get a whole 50% off if you convert crypto to GBP via their affiliate link - but it's still 50% off in GBP.

The future of money!

Love this. Imagine what people would think if that promo applied to any other currency - " get 50% off if you pay in Euros!". What kind of currency needs a chunky discount to get people to use it?

It's basically a promo akin to 'sign up to our loyalty card/wine club/costly magazine subscription and get a freebie on your first purchase', I suppose because it basically is a loyalty club rather than a currency.

Frequentlyhere

I'm reading that chalk board/promo literature again, and actually this is pretty sick stuff, and I don't mean that in in the youthful 'amazing' sense.

I mean, this bit:  "This family-friendly weekend is designed to let you and your family enjoy one of the best visitor attractions in the South West while learning about Bitcoin in a casual and open environment."

In what world is it appropriate to market bitcoin directly to children by wrapping it up alongside pony grooming? Do they give out toys and mcdonalds cheeseburgers if the children answer questions about decentralised finance correctly?

We adults can debate all day long (and do) about whether it's a currency, investment, ponzi, pyramid, the future of money etc but for gawds sake leave the kids out of it. 

It just feels so wrong. I just googled "is it legal to promote speculative financial investments to children" and I felt pretty queasy just typing that in.

I didn't find anything by the way, presumably because the authorities haven't conceived of a financial sector that might stoop that low. 

edit: Geez, the source manages to look even worse. 

"“Organiser DB explains: Learning through play for children is important and Bitcoin Ballers, Zebedee, Gamertron and Robotechy gave children the opportunity to have fun and learn about Bitcoin.”

How on earth is this not illegal?

Malthusian

Interesting question so I did some Googling. As far as I can tell, it is just as legal to hold a rally to teach kids that Bitcoin or slot machines are fun as it is to teach them that Jesus wants them for a sunbeam or that Karl Marx was right.
It is illegal to allow under-18s to gamble, but as far as I can tell there is no law to stop you teaching them that slot machines are fun.
Obviously, no traditional gambling company would overtly encourage kids to jump on the pokies when they are old enough, as it would be a PR calamity and probably put its licence at risk. There is nonetheless an ongoing problem with gambling companies apparently targeting kids with advertising.
Similarly, it has always been legal for kids to play games that mirror games of chance without the money element. Hence the controversy over lootboxes in computer games. When I was young someone bought me a toy roulette wheel. (Suitably enough, it was rigged - even as a pre-teen years away from being taught probability, I could tell that it landed on 28 black far too many times.)
Most of the big exchanges ban under 18s, but for KYC / contract law reasons. There is no law against kids owning assets, including high-risk speculative ones.
One of the top Google results was a bitcoin.com article explicitly teaching kids how to get around that and buy Bitcoin while they're underage. As one commenter underneath the article put it, "Of course..... And why not? There's [no such thing] as underage." Okaaaayyyyy...

Adyinvestment

 

I am all for a well rounded discussion about Bitcoin, but the above few posts belong in a comedy show 

We have "lured children",    "pretty sick stuff",   "pony grooming",   "toys and Mcdonalds cheeseburgers",   "I felt pretty queasy",   "slot machines",   "Karl Marx",   "pokies",   "loot boxes",   "computer games",   "toy roulette wheels"

Seriously, don't you think it is a little OTT?

If you really care about the  kids you better get campaigning about sweets/chocolate or something else a bit more harmful, and stop worrying about the kids petting the "cuddly bunnies" with Bitcoin stickers in the background.

  

uk1

Adyinvestment said:

 

I am all for a well rounded discussion about Bitcoin, but the above few posts belong in a comedy show 

We have "lured children",    "pretty sick stuff",   "pony grooming",   "toys and Mcdonalds cheeseburgers",   "I felt pretty queasy",   "slot machines",   "Karl Marx",   "pokies",   "loot boxes",   "computer games",   "toy roulette wheels"

Seriously, don't you think it is a little OTT?

If you really care about the  kids you better get campaigning about sweets/chocolate or something else a bit more harmful, and stop worrying about the kids petting the "cuddly bunnies" with Bitcoin stickers in the background.

  

“False equivalence” is the opposite to a “well rounded discussion” 🥸

Adyinvestment

uk1 said:

“False equivalence” is the opposite to a “well rounded discussion” 🥸

Darn it, I had to Google that!

Hexane

Currently watching "Cryptocurrency: Has the Bubble Burst?" on Channel 4. Ade Adepitan talks to experts and has a lot of deep insights. He says "wow" and  "wowwwwwwwwwwwww" a lot. Worth viewing on catch-up on All4 if that's your thing.

He gambled £500, mainly on Bitcoin and Ethereum, and managed only to be down around 32% after six weeks.