Spencer Dinwiddie: Bitcoin crowdfunding a free agency decision?

Brooklyn Nets guard Spencer Dinwiddie is no stranger to Bitcoin controversy with the NBA, but he’s furthering his hold on the market with a new move.

Professional athletes and Bitcoin have gone hand in hand for some time, but nobody does it quite like Brooklyn Nets guard Spencer Dinwiddie. After making waves earlier this season with his intention to tokenize his three-year, $34 million contract via cryptocurrency, he’s taken things a step further.

On Twitter Friday night, Dinwiddie announced his intention to essentially crowdsource his next contract via Bitcoin. Mind you, that’s assuming fans can raise a total of 2,625.8 Bitcoin, which as of this moment converts into $24,632,630, via GoFundMe.

No big deal, right?

It seems as though this stems from something Dinwiddie was pondering just the night before, on Thursday. Via Twitter:

Of course, things like this must be held tamper-proof, so no owners or team representatives are permitted to contribute. There’s also the fact that this might not be allowed in the NBA’s collective bargaining agreement, so you can rest assured that the league will be spending some time figuring out if this is legal or not.

My completely uneducated guess at this early point? It’s probably not.

However, even if Spencer Dinwiddie doesn’t meet his goal of $24.6 million worth of Bitcoin, that money will go to a good cause: All the money that is raised will be donated to charity.

At this early point in the proceedings, Dinwiddie has raised $389, about 85 minutes after posting his GoFundMe page. That works out to roughly $280 per hour, meaning it would take about 87,857 hours to meet the goal at this rate. Or 3,660 hours, or just a touch over 10 years.

Still, this could end up being some of the most entertaining action we’ve seen since the NBA put its season on pause more than two months ago. Buckle up and let’s watch that counter climb.