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Do You Think Professional Pool Players Should Be Paid In Crypto Or Cash?

staticfire98
I cannot believe this is a serious question but I'll provide a comment. Paying a normal person digitally with crypto is probably one of the worst ways to compensate an individual. Are you going to hand them a ledger with a 24 seed phrase already established? Are you going to ask them to setup a wallet and provide a public address? Are you going to have them setup accounts at Coinbase to send payment to?

All of those options are quite terrible. Exchanging Bitcoin or any other crypto to dollars at an exchange will require a cost basis for the acquisition and resulting tax liability when sold and converted to USD. Even sending stable coins like USDC or USDT will require a transaction to convert to USD and subsequent source of funds and tax liability upon conversion.

-The recipients will be paying tax on the crypto if they want US dollars in a bank account.
- Now, the person paying won't have to convert to USD, so they won't have a conversion transaction so that is why they might want to go that route.
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Buddy Hall made $85,000 in 1982

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skogstokig said:
sponsor backing is different today, it seems to me players are much better off in that regard. some players are pretty savvy with social media too, the ko brothers and yapp were early adapters. it's still not a cake walk, but i think they're better off
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Oh yeah, I believe the top Asian pros are very well off, due to sponsorship deals. Because Pool is so huge in Asia. I mean like, China, Taiwan, and South Korea.
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Buddy Hall made $85,000 in 1982

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JAM said:
While $85,000 does seem like a good amount in 1982, the cost-benefit ratio of professional pool is brutal when it comes to profit. Back then, most traveled the American pool tournament trail, but lodging, airfare, gas, food, living out of a suitcase, it adds up. Cost of gas was $1.28 a gallon in 1982. Average cost of a hotel room was $58 a night. A pack of cigarettes cost $1.20 in 1982. If a player got sick, however, most did not have medical insurance, an unknown cost.

Today's professional pro must travel an international pool trail to turn a profit. I cannot imagine the expenses involved to attend two, three, and four tournaments around the world on a regular basis.

My personal opinion is 50 percent of earnings per annum in professional pool cover expenses for that year because only a minute few—Shane, Joshua, Kaci, Fedor come to mind—are capable to win, place, and show in all tournaments. For an aspiring pro to keep up with the "regulars" on the professional tournament trail, the costs are heavy.

I'd be interested to hear other views on this topic.
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Hi, those top Pros that you referred to have big corporate sponsorship deals though, who I assume cover at least some of their expenses. Cuetec might possibly cover all of SVB travel expenses, right? I do not know though.

I assume that Buddy Hall had some sort of a sponsorship deal back in 82, who helped with his expenses, at least some, if he helped them sell cues, for example.

I wonder if your long time partner Keith McCready had sponsorship deals. I assume he did, if he was one of the most feared players in the game, back in the 80's.
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Sofia Mast "retiring?" The state of American pool

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stevelomako said:
This is incorrect. He didn’t attend a Seminary.
Mark Wilson was in charge of the pool program at the college, Lindenwood University. It ran from 2012 thru 2020.


Landon’s father Stan was/is a fairly well known instructor himself.


Maybe, maybe not. 🤷🏻‍♂️

I just haven’t heard anything about the kid for quite some time so talking about this girl had me wondering.
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I thought that he said something about his dedication to the Church, so my assumption had to do with that. I wonder what he studied now.

Way off topic, but he said in a post that he played with a Black Boar. I thought that was so cool. It was in that same post that he said something about his dedication to the Church, and that he had not played in a long time, or something like that.

Lol, I should not make statements or assumptions, because my memory is just so awful.
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Thank you all

Cuebuddy
OK old man, I don't make mini cues for just anyone. I make them for folks in the game that I admire.
You got one of my first! 2015 Mosconi cup if memory serves.
Most of us here are feeling the Cold Wind(Hu:)

Wake up tomorrow and many more days and realize, that you have made a big impact on so many people.
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