Post
Topic
Board Bitcoin Discussion
Re: Blizzard Entertainment & Bitcoins
by
CurbsideProphet
on 10/07/2011, 20:46:23 UTC
Another issue besides volatility is the fact that only a very small fraction of the populace has even heard of Bitcoin at this point.  Forget about the kids playing the games because they're not the ones that matter.  They don't own the stock and they're already paying to play right now so the current options have to be working to some degree.

So now Activision-Blizzard comes out and announces Bitcoin adoption.  Lets be REALLY generous and say 10% of outstanding shareholders have heard of Bitcoin.  The rest are finding out through disclosures in Blizzard's 10-K, press release, or other medium.  Okay so now Blizzard has introduced a new exposure risk that 90% of their shareholders have never heard of.  Obviously, they're going to do some research.  We already know how the media has painted Bitcoin.  You think these shareholders are going to be thrilled reading these articles with keywords like "drugs" "guns" and "child pornography?"

And Blizzard is going to take all of this risk because of credit card transaction fees?  Beyond delusional.

Look, I'm not saying what the OP is doing is bad.  It's just wasted effort.  Blizzard is the wrong type of company to be aiming for right now.  Bitcoin is in its infancy and people have to come to grips that a company like Blizzard is not going to be an early adopter.  You need to focus your efforts on a company that has a minority amount of shareholders that is willing to take some risks.  Not a company worried about their stock plummeting on the NASDAQ.