Topic: Bitcoin for salary - page 4. (Read 2344 times)
I think there is no need to use bitcoin on salary, it is more convenient if we used fiat because it will not going to rise or maybe fall so we can assure that the salary will be consistent. While if we use bitcoin we dont really know when the value drop or maybe rise so the salary will be no assurance to be consistent. so i beleive that using fiat has more advantage than using bitcoin in giving salary. However everyone can simply buy bitcoin after recieving a fiat salary It is all up to them.
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Is this method is not foul on the government? Or it is legal?
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Is this method is not foul on the government? Or it is legal?
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I think it depends on what country you belongs. There are already companies, even just from the early stages after the release of bitcoin, there were already some companies that tried to pay their employees using bitcoin. If you will be implementing this kind of payment salary, you should consult first to your local governor, I think that's the best idea, and you can tackle everything regarding that one. For me it's fine to be paid using bitcoin for the work I've done.
Their is now way a governor of a state will implement such law without the concept of federal lawmakers, because pleasing workers by paying in with btc will not pleased everyone's in the state except its implemented in federal house of Senate before it will function properly.
When we are going to implement a salary in cryptocurrency, I don't think that bitcoin could be the best option. Putting our minds as a payroll employee, we will not risk our funds to pay fixed bitcoin in salary when the price of it is quite bullish. And as an employee, we couldn't just accept a fixed bitcoin amount of salary when its price is too low. Meaning, we could either choose a cryptocurrency with low volatility or to choose a stable coin. This could be resolved once everyone believes to bitcoin and its price continues to increase without worrying a declining market.
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Is this method is not foul on the government? Or it is legal?
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Is this method is not foul on the government? Or it is legal?
~
I think it depends on what country you belongs. There are already companies, even just from the early stages after the release of bitcoin, there were already some companies that tried to pay their employees using bitcoin. If you will be implementing this kind of payment salary, you should consult first to your local governor, I think that's the best idea, and you can tackle everything regarding that one. For me it's fine to be paid using bitcoin for the work I've done.
I haven't try yet having a salary with the bitcoin. Because I don't have my portfolio yet most of my friends are already earning with the use of the bitcoin some of them at having a request to their client to make a payment as bitcoin. They have skills on art so they usually having a customer with internationally too.
If I have a chance to choose of bitcoin or fiat as salary I think I would like to prefer on using the fiat because I just want to paid fair and avoid lose money because its volatile.
If I have a chance to choose of bitcoin or fiat as salary I think I would like to prefer on using the fiat because I just want to paid fair and avoid lose money because its volatile.
Payments with bitcoin can happen in developed countries and maybe this is a positive response in developed countries. Bitcoin transactions are familiar, for example in supermarkets and other markets can accept bitcoin as a medium of exchange.
For making payments it is OK. But the OP is suggesting the employers to make salary payments using Bitcoin, which I don't think is a good idea. The prices can fluctuate by up to 80% in a single year. And if that happens, you will be in trouble. Rent, utility payments, taxes.etc need to be paid in the form of fiat currency. You can't say that the exchange rate of Bitcoin has gone down and therefore you won't be making these payments.
Bitcoin is a decentralized not a centralized. Some government would not allow Bitcoin as a payment because they are not the one controlling the coins.
Bitcoin payment can only work in some private organization, Base on the agreement between the employer and employees in the organization.
Bitcoin payment can only work in some private organization, Base on the agreement between the employer and employees in the organization.
It would be great if we get paid with bitcoins, but unfortunately, it's impossible.
Most of the governments cut taxes from our salaries, but they can't cut it from bitcoin because of its decentralized, and there's no way to control it. The government are against it and they'll never replace fiat with bitcoins.
How is that impossible?
If we are just talking about cutting taxes from our salaries, they could just deduct that certain amount from the salaries if they wanted to. It is not a problem but I think the problem here is the volatility since we might be surprised with a salary with a lower value if we will be accepting Bitcoin. Companies could do this, not just the government.
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That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..
This is the common problem of other members right now they would like to make an investment and make an additional income. The problem is their country is banned and prohibited by their government which is a big deal if they tried to make use the cryptocurrency there is a chance they will go to jail and we want to avoid this kind of scenario still it's better to follow the law instead of getting more push to your self and would like to achieve your wants.
Many countries are already banned BTC. But I hope they will understand their mistake and give Bitcoin legitimacy. There are many advantages to use BTC. People can earn some revenue for the country by investing on BTC market. It is very beneficial for the economy of developing countries. On the other hand, Bitcoin's transaction fee is less than other medium.
I think is possible if a country who accepts cryptocurrencies especially bitcoin in their society agreed with their workers that, them wish to be pay with bitcoin instead of paper money.
Am ensure if workers especially civil servant's protest towards it, government will accept to creste bitcoin wallet for their payment with bitcoin.
And if such happen in one country others countries will emulate to pay their workers with bitcoin.
Am ensure if workers especially civil servant's protest towards it, government will accept to creste bitcoin wallet for their payment with bitcoin.
And if such happen in one country others countries will emulate to pay their workers with bitcoin.
That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..
This is the common problem of other members right now they would like to make an investment and make an additional income. The problem is their country is banned and prohibited by their government which is a big deal if they tried to make use the cryptocurrency there is a chance they will go to jail and we want to avoid this kind of scenario still it's better to follow the law instead of getting more push to your self and would like to achieve your wants.
Already there were more number of industries that had paid their employees in terms of bitcoin. Governments won't agree to pay employees in the form of bitcoin. Private firms paying in terms of cryptocurrency is upto the management, and government doesn't have anything to do with it.
In an article read about Indonesian plantation workers paid with bitcoin, as it helps with easy cross border transaction with ease than through banking.
In an article read about Indonesian plantation workers paid with bitcoin, as it helps with easy cross border transaction with ease than through banking.
You are right. There are lots of private companies now in different countries who are paying Bitcoin as salary for their employees, and its just a proper understanding and agreement between them to implement this. And I think as for the Governments or public servants, its not possible to pay them with Bitcoins especially if it is not legalized in their country.
Having a salary paid in bitcoin have positive and negative outcome. Bitcoin is volatile ,you either gain profit or losses from your bitcoin salary, so it depends to you if you will accept bitcoin as salary. Here in our country, that was not implemented yet because that is not legal and still not yet accepted by the governments.
That's a big risk in your part as tendency that government may declare it as illegal will surely put you in a risky position,
if government ban this alternative money which they can and chased people who are not following their rules.
In terms of volatility, it's nature for bitcoin being played by investors and traders the
value depends from how the supply and demands will bring it inside the market.
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That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..
this is an example of risk, government can prohibits people from dealing with this system. Government mostly unaware of real usages they are just relied with negative news and follow it to the point of banning everything.
Using bitcoin as a payment method of payment of salary, is a very big welcome development. Because we are era of technology, which Blockchain technology has made everything transpires for every given transaction payroll. And is more reliable and recorded... Hopefully government we soon adopt Bitcoin in a very short period of time.
There are some companies that do just that but they are still countable, in my country no big regulations are being proposed regarding cryptocurrency as a salary. The closest thing that I can think of bitcoin as salary is streamers accepting crypto donations ( I do not know if that counts as one but some streamers are considering it as a full time job). My hopes are high for bitcoin adoption or cryptocurrency adoption in general in my country. The only problem that I could think of is whether the employee contributions such as 401k or insurance will be deducted in the employees bitcoin/cryptocurrency oriented salary with cryptocurrency.
That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..
Bitcoin is a decentralized not a centralized. Some government would not allow Bitcoin as a payment because they are not the one controlling the coins.
Bitcoin payment can only work in some private organization, Base on the agreement between the employer and employees in the organization.
Bitcoin payment can only work in some private organization, Base on the agreement between the employer and employees in the organization.
It would be great if we get paid with bitcoins, but unfortunately, it's impossible.
Most of the governments cut taxes from our salaries, but they can't cut it from bitcoin because of its decentralized, and there's no way to control it. The government are against it and they'll never replace fiat with bitcoins.
Using bitcoin as a payment method of payment of salary, is a very big welcome development. Because we are era of technology, which Blockchain technology has made everything transpires for every given transaction payroll. And is more reliable and recorded... Hopefully government we soon adopt Bitcoin in a very short period of time.
Having a salary paid in bitcoin have positive and negative outcome. Bitcoin is volatile ,you either gain profit or losses from your bitcoin salary, so it depends to you if you will accept bitcoin as salary. Here in our country, that was not implemented yet because that is not legal and still not yet accepted by the governments.
I think this could be a good method for payment to employees but there are some countries where bitcoin is not legal so in that case employees can't accept payment using bitcoin but still this method is possible where bitcoin is legal like Europe japan and some other countries but countries like India it's not possible because goverment does not legalised bitcoin as a legal tender
It is not for all countries but lucky if one of us are allowed to use and buy Bitcoin so we have a chance also to earn this from our salary.Imagine your payments from work go directly on your Bitcoin wallet,and if you are a trader then go directly in exchange to trade.
that was cool mate.
so If your country support Bitcoin then You may ask this to your employer
for them to consider paying you and your friends with cryptocurrencies .
I agree with aarif that it will be a good method since countries that will use it can set it as an example of a flexible way to earn your salary AND another good point by carlisle that Bitcoin users can directly use it for trading BUT we should remember that its the salary that you are meant to use to buy necessities and these means that you have to redo the budget that will include trading since you can earn more in that way.
I think this could be a good method for payment to employees but there are some countries where bitcoin is not legal so in that case employees can't accept payment using bitcoin but still this method is possible where bitcoin is legal like Europe japan and some other countries but countries like India it's not possible because goverment does not legalised bitcoin as a legal tender
It is not for all countries but lucky if one of us are allowed to use and buy Bitcoin so we have a chance also to earn this from our salary.Imagine your payments from work go directly on your Bitcoin wallet,and if you are a trader then go directly in exchange to trade.
that was cool mate.
so If your country support Bitcoin then You may ask this to your employer
for them to consider paying you and your friends with cryptocurrencies .
Bitcoin for salary isn't a bad thing!! practically pay with Bitcoin has been implemented in this forum (a signature campaign that pays with Bitcoin) but it still cannot be widely applied because of the lack of education about Bitcoin and the general public will definitely refuse for various reasons such as not understanding or fear.
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