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Crypto's ties to sports raise ethical questions

11 Comments
By EDDIE PELLS

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11 Comments
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This is easy.

If Tom Brady or Naomi Osaka told fans to jump off a brigade, would they?

Some might.

The ultimate responsibility is with the individual.

However, I do think sports and music stars would be wise to stay in their own lane, with respect to offering what might be construed as financial advice, and also political opinions. But this is more for their personal reputation than the people hearing the advice.

3 ( +3 / -0 )

Brigade = bridge

0 ( +0 / -0 )

Anything connected with cryptocurrencies raises ethical questions!

1 ( +2 / -1 )

Ties not surprising, lots of fans gamble

1 ( +1 / -0 )

Anything connected with cryptocurrencies raises ethical questions!

you obviously have no idea what you’re talking about

-1 ( +0 / -1 )

I find difficult to feel sympathy for people that invested important part of their money in crypto because an athlete endorsed it. To a certain degree profit comes from taking some risks, but there are much more knowledgeable people to be listening to.

3 ( +3 / -0 )

Crypto has always been, and always will be, along with NFTs, "The Bigger Fool." Remember Beany Babies?

0 ( +1 / -1 )

...although, at least with Beany Babies, you got a plush toy.

1 ( +1 / -0 )

I always feel that celebrities/sports stars should hold some kind of responsibility for whatever product they're endorsing. (Damage to their reputation, maybe?) I would like to think that if they are endorsing a certain product, that they are actually using it. I can't understand how consumers would accept pop group, SMAP's Katori Shingo and Kusanagi Tsuyoshi wearing obvious 'hair receding' wigs and endorsing a product called 'SCALP D' that supposedly slows down hair loss, even though they are more than likely not using the product. I suppose it just shows the power of a celebrity's status. Quite sad, really.

0 ( +0 / -0 )

@fxgai Do you really think it is that easy?? First off, I don't think they would jump off a brigade I think they would rather not join the brigade!!!! That was really easy!!

This is easy.

If Tom Brady or Naomi Osaka told fans to jump off a brigade, would they?

Some might.

The ultimate responsibility is with the individual.

However, I do think sports and music stars would be wise to stay in their own lane, with respect to offering what might be construed as financial advice, and also political opinions. But this is more for their personal reputation than the people hearing the advice.

0 ( +0 / -0 )

First of all the sports athletes and entertainers are not using their OWN MONEY!!! They are simply lending their names, just as business want their names on uniforms and building for advertising purposes and for people to purchase their products. In RETURN!!!!!!! The athletes and entertainers are given so many shares in doing so. The only thing that happens in this case is their names take a beating not their pockets!!!

0 ( +0 / -0 )

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