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The Ski Industry is ripe for Crypto Currency integration and here's why.

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T.L.
Posts: 4729 - Karma: 3,008
If anyone is paying attention to the crypto currency markets right now you’re probably at least interested in the amount of growth it’s seen in the last few months. Some still think it’s all a big scam, but in my opinion, the growth and traction crypto has seen shouldn’t be ignored any longer.

Resorts/Manufacturers/Consumers

Imagine a mine-able coin that could get small mom & pop resorts the capital to invest in proper upgrades. It could be similar to Vertcoin (https://vertcoin.org/) in that it would be ASIC-proof and mine-able with consumer grade hardware. A kid with a gaming PC could help pay for his next year’s gear by mining while it’s not in use. A resort with a few mining rigs set up to a small solar grid might be able to mine enough for a new snow cat. Who knows how far it could go.

Media/Content Creators/Athletes/Manufacturers/Resorts (sponsorz)

Winter sports media conglomerates like The Enthusiast Network could integrate a coin platform similar in function to Tron (https://tron.network/). Right now, Tron is still in its infancy but the idea is to create a global platform for media distribution. Think of a coin that could directly coincide with ways to cut checks to athletes and pay for services within the industry.

Checks cut on the basis of the content they create. Token value based on PROOF of engagement. Transactions taking place between vendors that are instant and have incentives to be paid on time. The faster money moves the faster its value can be converted to real world solutions.

Ticket Sales/Resort Pass Partnerships/Travel/Hospitality

A coin similar in function to Ripple (https://ripple.com/) or Stellar/Lumens (https://www.stellar.org/) A token with ultra-fast transaction speeds associated with the price of dynamic ticket sales, room rates, etc.. Kinda like Liftopia has been toying with. Meaning ticket prices relative to the volume of guests expected that day. Wanna go skiing at Whistler during Christmas? Fork over the coin! Buy things a year out and you could save a ton. It works for products like the Epic Pass and Mountain Collective.

The entire ski industry is covered in cobwebs. Old people who either have no interest in adapting or are just too disconnected to see what’s going on around them. Sponsors are dropping events left and right, companies are cutting discounts and incentives across the board it seems. The industry as a whole needs to be proactive in finding new solutions to these compounding issues sooner rather than later.



On that note, who will be the first ski company to sell skis for crypto. I’m here waiting as soon as you are :)

Also, feel free to join my discord channel if you'd like to discuss anything crypto related. https://discord.gg/ZTppJ7B
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Jan 4 2018 12:56PM
3 1
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eheath
Posts: 61665 - Karma: 123,660
Great idea overall, but crypto currency is a long way from being legit. It will take so long for the US gov to do something, if they decide they want it to make something. Until the fed recognizes it, most people/businesses won't.
Jan 4 2018 1:18PM
2 1
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T.L.
Posts: 4729 - Karma: 3,008
eheathGreat idea overall, but crypto currency is a long way from being legit. It will take so long for the US gov to do something, if they decide they want it to make something. Until the fed recognizes it, most people/businesses won't.


I think we're closer than you might think. Right now the fed/irs doesn't seem to mind crypto too much as long as people are paying their capital gains taxes properly. And for the most part... what can they possibly do? HUGE companies are starting to get involved here. If the US gov tries to take a bigger cut they're going to be confronted by people who have already made enormous amounts of wealth from crypto on top of all the major companies that are now getting involved in crypto like IBM, SoftBank, and hopefully Amazon here soon.

Yeah, there's definitely hurdles ahead but I say bring it on.
Jan 4 2018 1:37PM
0 0
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eheath
Posts: 61665 - Karma: 123,660
T.L.I think we're closer than you might think. Right now the fed/irs doesn't seem to mind crypto too much as long as people are paying their capital gains taxes properly. And for the most part... what can they possibly do? HUGE companies are starting to get involved here. If the US gov tries to take a bigger cut they're going to be confronted by people who have already made enormous amounts of wealth from crypto on top of all the major companies that are now getting involved in crypto like IBM, SoftBank, and hopefully Amazon here soon.

Yeah, there's definitely hurdles ahead but I say bring it on.


I think the whole tax part of this is going to be the bottleneck. I would imagine many, many people investing in bitcoin won't be paying taxes on it because they won't cash it out. The Fed/IRS is going to have to regulate cyrpto for it to be legit and I don't see that happening anytime soon. Why would the US be interested in tanking its own currency for cyrpto? The Fed will defend the dollar at any cost.
Jan 4 2018 1:42PM
2 0
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T.L.
Posts: 4729 - Karma: 3,008
eheathI think the whole tax part of this is going to be the bottleneck. I would imagine many, many people investing in bitcoin won't be paying taxes on it because they won't cash it out. The Fed/IRS is going to have to regulate cyrpto for it to be legit and I don't see that happening anytime soon. Why would the US be interested in tanking its own currency for cyrpto? The Fed will defend the dollar at any cost.


They don't have a choice but to play ball with crypto imo. At least to some extent.. ~1% of people own crypto right now and we're fast approaching a $1 Trilion market cap. That's a lot of frickin dough! They're going to want their cut for sure but why burn down a whole system if they jump in the pool and not piss of a bunch of people by shitting in it.

Blockchain tech is far too promising on so many fronts for the gov to not be involved in a positive stance imo. China and Russia have been making moves to bail on the petro dollar and that's going to be a huge hit for us when that happens.

We're going to reach a tipping point in the next couple years where the whole idea of the Fed could be completely obsolete if they don't adapt quickly. And I'm completely ok with that. In fact I'd rather see the fed dissolved, gold back in ft. knox, and a government/irs that wants to be proactive with paying down debt & creating new wealth. I think we're in the beginning stages of a huge paradigm shift where the power of wealth is going to be in the hands of people rather than some pseudo-government overlord like the fed who can manipulate interest rates one day and print fake cash for quantitative easing the next.

Governments like Venezuela who are looking to price their oil in crypto are starting to get on board with blockchain tech and other nations will take notice. Especially smaller developing nations who don't want to deal with central banks. Large financial institutions like Soft Bank in Japan are testing payment networks that can do 10's of thousands of transactions/second. The entire Swift payment network could be out of business by this time next year. I think the whole world is sick of waiting 2-3 business days for deposits to show up.


However... Like I said, I'm vigilant. Skepticism is absolutely healthy at this stage.
Jan 4 2018 2:32PM
0 0
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eheath
Posts: 61665 - Karma: 123,660
T.L.They don't have a choice but to play ball with crypto imo. At least to some extent.. ~1% of people own crypto right now and we're fast approaching a $1 Trilion market cap. That's a lot of frickin dough! They're going to want their cut for sure but why burn down a whole system if they jump in the pool and not piss of a bunch of people by shitting in it.

Blockchain tech is far too promising on so many fronts for the gov to not be involved in a positive stance imo. China and Russia have been making moves to bail on the petro dollar and that's going to be a huge hit for us when that happens.

We're going to reach a tipping point in the next couple years where the whole idea of the Fed could be completely obsolete if they don't adapt quickly. And I'm completely ok with that. In fact I'd rather see the fed dissolved, gold back in ft. knox, and a government/irs that wants to be proactive with paying down debt & creating new wealth. I think we're in the beginning stages of a huge paradigm shift where the power of wealth is going to be in the hands of people rather than some pseudo-government overlord like the fed who can manipulate interest rates one day and print fake cash for quantitative easing the next.

Governments like Venezuela who are looking to price their oil in crypto are starting to get on board with blockchain tech and other nations will take notice. Especially smaller developing nations who don't want to deal with central banks. Large financial institutions like Soft Bank in Japan are testing payment networks that can do 10's of thousands of transactions/second. The entire Swift payment network could be out of business by this time next year. I think the whole world is sick of waiting 2-3 business days for deposits to show up.


However... Like I said, I'm vigilant. Skepticism is absolutely healthy at this stage.


You're crazy if you think our government is going to change in the foreseeable future. You seem to be quite intelligent, maybe naive, but you see what is happening in Washington? We're slowly regressing, our elected officials are old, majority republican, although barely. Wouldn't be surprised if that changes soon, but thats only one piece of the puzzle.

This is a recent (today) issue, but Sessions is rolling back Obama policy on legal weed, meaning we're back to 2010 (or whatever date) where we have no idea if dispensaries will get shut down or if the Fed will confiscate dispensaries/growers money from banks, etc.

Legal weed is a HUGE market, Cali is predicting a 7 BILLION dollar year. The government isn't interested in cashing in on weed (yet) and you think they're interested in crypto currency? Its a bubble, it will pop, the US doesn't want anything to do with that.

Again, crypto currency is a bubble and it will pop. Maybe one day it will be stable, but no one with any economic knowledge is okay with investing in crypto.

Now I know you're going to argue with me about this, it's fine, but you seem very educated about crypto currency, much much more than I am. Your knowledge is not known by people who matter in the goverment and the ones who actually know about it aren't touching it with a 10 foot pole and for a reason.

I love the forward thinking though, its what our country needs, its just going to take time, a very long time.
Jan 4 2018 3:00PM
1 0
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TRVP_ANGEL
Posts: 12525 - Karma: 116,430
here you go sir 200 k2coins and 115 lange coins for my rental set. an extra 10 vertcoin tip for you sir enjoy your day on the slope. I will be buying 5000 vertcoin today so i can really get those laps in. After i think its finally time to spend all my hard earned 10000 aprescoin for some beers and fries
May 27 2020 4:59PM
2 0
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