Orange Pilling Through Sport with Steven Nelkovski & Patrick O'Sullivan

 
 

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“The beautiful thing about Bitcoin is, if it works with baseball, it works with anything…if you think about value for value, the model, it changes everything.”
— Patrick O'Sullivan

SHOW DESCRIPTION

Steven Nelkovski is the CEO of Perth Heat and Patrick O’Sullivan is the Chief Bitcoin Officer. In this interview, we discuss sports teams adopting a Bitcoin standard, why it’s important to meet people where they are at and how Bitcoin changes the economics of sport.

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Perth Heat is a professional baseball team based in Perth, Western Australia. It is a foundation member of the Australian Baseball League, and is the most successful team in ABL history, having won 15 Claxton Shields championships.

In November 2021, the Perth Heat became the first team in world sport to operate on a Bitcoin Standard. They pay their players and staff in Bitcoin, accept Bitcoin payments for sponsorships, merchandise, and ballpark concessions and of course holds Bitcoin on its balance sheet.

Bitcoin will disrupt every industry, and sports is no different. Being early not only puts your team on the map to the global bitcoin audience, but the economic incentives are clear, teams like Perth Heat and Real Bedford have first mover advantages and are front-running the bigger clubs that will inevitably adopt Bitcoin.

TIMESTAMPS

00:02:09: Introductions
00:04:12: The Bitcoin baseball team
00:11:36: Sporting strategies
00:22:27: Being a sporting CEO
00:33:50: Making the Bitcoin connection
00:42:18: The Bitcoin cheat code
00:49:20: Engaging other teams with Bitcoin
00:53:46: Practicalities of being a Bitcoin team, and LNURL
01:08:48: Bitcoin's energy oasis
01:27:33: Expanding the Bitcoin Network through sport
01:34:42: Bedford Bitcoin Conference
01:37:00: Final comments

 

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SHOW NOTES

PodcastPeter McCormack