Bitcoin Arena? Fundraiser Aims to Scrub KeyBank from Aging Seattle Landmark
- The former home of the SuperSonics is still stuck with the branding of KeyBank, despite it not having paid for naming rights since 2011.
The former home of the Seattle SuperSonics is still stuck with the branding of KeyBank, despite the bank not having paid for naming rights since 2011, 3 years after the Sonics left town in 2008.
The reason: it would cost the City of Seattle $200,000 to remove all the branding- even without replacing it. Meanwhile, KeyBank enjoys free publicity during the various events that are still being held, including concerts, WNBA, NCAA and others. Yet, the events aren't big enough to attract another sponsor, which would cost it an estimated $400,000 annually. Not helping matters is the general expectation that no suitable professional sports team will move to the city in the foreseeable future, a phenomenon itself partially driven by the absence of plans for a modern arena.
So the branding remains on at the aging venue, which was opened in 1962 and renovated in 1995, at a total cost of $95 million to the City and Sonics.
The idea: Boost Bitcoin's brand by renaming the site to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Arena. Bitcoin donations are now being raised for the cause. Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term such as bitcoin, litecoin and dogecoin have proven useful for donation campaigns in the past, including those of the sporting variety.
The annual NCAA Bowl in Florida was renamed as the Bitcoin St. Petersburg Bowl in a bid to promote Bitcoin. The rebranding was a result of a 3-year deal between BitPay and ESPN, although the arrangement appears to have since been terminated by the latter.
Some Bitcoiners may also derive satisfaction from taking a little away from a traditional financial institution getting a free ride- over and above the free ride it already gets with its clients' money.
Perhaps the increased publicity will eventually pay off in the form of higher bitcoin prices, although donors will lose out on the bitcoins they're giving away.
Thus far, the campaign has attracted a grand total of 0.035 BTC ($9.87) out of a sought 3,500 BTC ($981,890), or 0.001% of the goal.
The former home of the Seattle SuperSonics is still stuck with the branding of KeyBank, despite the bank not having paid for naming rights since 2011, 3 years after the Sonics left town in 2008.
The reason: it would cost the City of Seattle $200,000 to remove all the branding- even without replacing it. Meanwhile, KeyBank enjoys free publicity during the various events that are still being held, including concerts, WNBA, NCAA and others. Yet, the events aren't big enough to attract another sponsor, which would cost it an estimated $400,000 annually. Not helping matters is the general expectation that no suitable professional sports team will move to the city in the foreseeable future, a phenomenon itself partially driven by the absence of plans for a modern arena.
So the branding remains on at the aging venue, which was opened in 1962 and renovated in 1995, at a total cost of $95 million to the City and Sonics.
The idea: Boost Bitcoin's brand by renaming the site to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Arena. Bitcoin donations are now being raised for the cause. Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term such as bitcoin, litecoin and dogecoin have proven useful for donation campaigns in the past, including those of the sporting variety.
The annual NCAA Bowl in Florida was renamed as the Bitcoin St. Petersburg Bowl in a bid to promote Bitcoin. The rebranding was a result of a 3-year deal between BitPay and ESPN, although the arrangement appears to have since been terminated by the latter.
Some Bitcoiners may also derive satisfaction from taking a little away from a traditional financial institution getting a free ride- over and above the free ride it already gets with its clients' money.
Perhaps the increased publicity will eventually pay off in the form of higher bitcoin prices, although donors will lose out on the bitcoins they're giving away.
Thus far, the campaign has attracted a grand total of 0.035 BTC ($9.87) out of a sought 3,500 BTC ($981,890), or 0.001% of the goal.