Brazilian Congressman proposes Crypto Payment for workers

Chato1977

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

If this could be offered for me ? i will surely grab lol. since i have other way of getting funds for daily expenses i will choose accepting crypto as payments to be added in my holding.
in this way i don't need to spend transaction fees in exchanges because i will be directly receiving my payments in my wallet.

LUCKMCFLY

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Quote from: Vaculin on November 14, 2021, 04:33:53 PM

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Quote from: Blawpaw on November 09, 2021, 06:21:14 PM

Quote from: yohananaomi on November 07, 2021, 08:49:03 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

if the country is still developing and the payment for workers is still too small, I don't think it is worth paying with crypto. because usually their salary will always run out for their daily needs, it's no wonder they don't even have a salary left. paying using crypto will only add to the burden for them, it doesn't seem effective, other than maybe only those who have a certain salary, there must be criteria first.

Of course, that is not an option for many workers. Workers who receive the minimum wage in countries like Brazil would have no benefit at all to have their payroll in cryptos. I guess that a crypto payroll would be better suited to white collars and other workers with bigger salaries. Nevertheless, in case the law gets passed, they will always have the right to choose between fiat and crypto.

It would be interesting if BTC could enter Brazil, because Brazilians are very nationalistic, I have been in Brazil and they prefer to operate with their money, that is, Brazilian Reals, they prefer them even above the dollar, so if Brazilians begin to try BTC technology, this culture may change them completely, plus the advantage of all this is that Brazil is too big a country and if they are interested in BTC the demand will grow, causing the price to increase more.

Its a good thing that a Brazilian Congressman can be a good instrument to introduce bitcoin to his workers. And if these workers are willful to accept in btc payments, then i think there should be merchants too in Brazil who should start to accept btc payment so that these workers too will be able to spend their bitcoin to buy their necessities.

However, if i were one of the workers, i would be glad to accept btc because i can now invest in bitcoin and just hold it for future profits. And some of them might be converted into fiat too so i can also buy to sustain my basic needs.

I think that somehow Bitcoin has to enter all countries, whether by the induction of a politician or not, it is imperative that it happen, Brazil is a very large country, and Brazilians are very intelligent people who like technology, and yes The way to enter Brazil with BTC is that, well, let it be that way, when the BTC market enters it will have more demand (therefore Brazil is very large) and when entering with a lot of demand, the supply decreases and the price increases.

geegaw

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Quote from: Mamun74 on November 17, 2021, 09:43:55 AM

I think, it is big news.Brazilian congressman proposes payment Using bitcoin for workers. Brazil one of the biggest country Of source America . Brazil’s want to uses bitcoin payment for workers. This i's great technology ever.I'm fully support with them. So This is great news.

You are probably not a person in the sphere of influence and aspects of you are just being very crypto friendly while Brazilian workers will have a different attitude and in my opinion, workers in Brazil have a higher demand for cash and more advanced will be payment via bank card, they can't stop at the congressman's decision because his education and politics may be progressive but working people don't inherit such a view. A few steps of updating also make the elderly confused, young people are also quite difficult even though they have much access to technology, this proposal is likely to be rejected soon

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I think, it is big news.Brazilian congressman proposes payment Using bitcoin for workers. Brazil one of the biggest country Of source America . Brazil’s want to uses bitcoin payment for workers. This i's great technology ever.I'm fully support with them. So This is great news.

ropyu1978

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Brazil's congress proposes payment using bitcoin for workers. Maybe we have heard about this discourse in certain countries that want to use bitcoin as a means of payment for workers, but so far this proposal has not been realized, maybe there are several factors that influence this. such as getting a lot of rejection from the workers themselves or from the public.and we as bitcoin miners hope that this proposal can be realized in order to restore the stability of bitcoin prices on the global stock market so that it does not raise negative opinions about bitcoin if it is realized fully

Wawa2013

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Quote from: GbitG on November 16, 2021, 04:52:03 PM

Quote from: Wawa2013 on November 16, 2021, 01:08:42 AM

Quote from: Sayeds56 on November 16, 2021, 12:30:47 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

~

Of course it's good news knowing that Brazil is starting to adopt crypto, it looks like Brazil wants to follow in El Salvador's footsteps. I also hope
my country does the same, because Bitcoin can prove to be a source of income and also to avoid inflation. I believe that more and more countries
will adopt crypto in the future, because crypto has proven to provide benefits for human life. The more positive news about crypto, this will make
the market more bullish, and will provide profits to investors who have hold Bitcoin for a long time. If my country adopts crypto, of course i also want
to try to buy stuff using crypto, it would be nice if when going to buy goods there was a crypto payment option.

Brazil is going into crypto it's big news as it's one of the biggest country in world by Area and having good population with some good things around even we have too many bad things as well but using crypto and doing some good for this is always very good and positive because this can bring some good impact on both crypto and Brazil which is rich in many ways.
After El Salvador now many countries in South America doing some good work for crypto, and they are bringing regulations for having some quick and secure way for using this all which is going to be very good for their economy with some good investment and new jobs which are always having good for any region.

Brazil is one of the most popular countries in South America, so the effect is quite large for other South American countries if it adopts crypto.
I believe what Brazil is doing by adopting crypto is very likely to be followed by other South American countries. Moreover, before that, there were
indeed many rumors saying that several South American countries had begun to be interested in adopting crypto. It seems the South American
country is quite open to crypto, which is a very good thing. All of this can be said to have started from the bold decision of the government of
El Salvador to legalize Bitcoin as a legal tender. Finally, it has made many South American countries interested in improving their economy
by adopting crypto. Hopefully this positive thing can spread to other continents, especially the continents of Asia and Africa, where there are
many countries with bad economies and very high inflation rates. I believe that the current global crisis can be overcome, one of them is
by adopting crypto.

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Quote from: Wawa2013 on November 16, 2021, 01:08:42 AM

Quote from: Sayeds56 on November 16, 2021, 12:30:47 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Its great news for all those who have strong belief in future of crypto space. This great Technology is taking the whole world by storm. Elsalvador took the first leading step and made history. We will see many more counties follow their foot steps in coming months. Adopting crypto is best way to fight inflation and keep your assets value growing.

Of course it's good news knowing that Brazil is starting to adopt crypto, it looks like Brazil wants to follow in El Salvador's footsteps. I also hope
my country does the same, because Bitcoin can prove to be a source of income and also to avoid inflation. I believe that more and more countries
will adopt crypto in the future, because crypto has proven to provide benefits for human life. The more positive news about crypto, this will make
the market more bullish, and will provide profits to investors who have hold Bitcoin for a long time. If my country adopts crypto, of course i also want
to try to buy stuff using crypto, it would be nice if when going to buy goods there was a crypto payment option.

Brazil is going into crypto it's big news as it's one of the biggest country in world by Area and having good population with some good things around even we have too many bad things as well but using crypto and doing some good for this is always very good and positive because this can bring some good impact on both crypto and Brazil which is rich in many ways.
After El Salvador now many countries in South America doing some good work for crypto, and they are bringing regulations for having some quick and secure way for using this all which is going to be very good for their economy with some good investment and new jobs which are always having good for any region.

Wawa2013

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Quote from: Sayeds56 on November 16, 2021, 12:30:47 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Its great news for all those who have strong belief in future of crypto space. This great Technology is taking the whole world by storm. Elsalvador took the first leading step and made history. We will see many more counties follow their foot steps in coming months. Adopting crypto is best way to fight inflation and keep your assets value growing.

Of course it's good news knowing that Brazil is starting to adopt crypto, it looks like Brazil wants to follow in El Salvador's footsteps. I also hope
my country does the same, because Bitcoin can prove to be a source of income and also to avoid inflation. I believe that more and more countries
will adopt crypto in the future, because crypto has proven to provide benefits for human life. The more positive news about crypto, this will make
the market more bullish, and will provide profits to investors who have hold Bitcoin for a long time. If my country adopts crypto, of course i also want
to try to buy stuff using crypto, it would be nice if when going to buy goods there was a crypto payment option.

Sayeds56

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Its great news for all those who have strong belief in future of crypto space. This great Technology is taking the whole world by storm. Elsalvador took the first leading step and made history. We will see many more counties follow their foot steps in coming months. Adopting crypto is best way to fight inflation and keep your assets value growing.

Fortify

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

I'm not sure how much traction this will end up getting in Brazil but if it does then it opens up a huge untapped market that will be a major boost. While these are certainly headline capturing announcements, I fear that it is all about getting popularity for these individual politicians after they've seen how being controversial can get votes. It needs thorough thought by the central bank of any country, rather than just pronouncements by publicity whores. It can work as long as it does not add any extra costs to the current model and would be beneficial to a big enough percentage of the population who might be struggling with the original banking system - security will also need to be well thought out.

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Quote from: karanggatak on November 14, 2021, 11:54:50 PM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

good news for them, people who dont know about will played by it, they must gain new experience to discover something new.
in my country, they dont have any significant move about bitcoin. and some big party who have role with religion, prohibit to use it because of any reason.

Possible reason?

Its not regulated
Volatile
Decentralized

This is where people would be eyeing on and its good that there are places on the world which do recognized out on using Crypto as a payment to its workers.Yes its a good add up but doesnt
mean that they would really be that easy to be adopted and for sure there would be lots would complaint because people arent get used to something which is volatile
and they've been used to stable but its really a good kind of exposure when it comes to crypto which would add up on the level of adoption.
For now lets just take it as a good news.

freedomgo

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Quote from: qwertyup23 on November 15, 2021, 12:11:50 PM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

This is actually one of those news that I am looking forward to.

But in order for this to happen, cryptocurrencies must be categorized and recognized as legal tender before they can be given as a choice in payment for the salary of workers. In the laws of the Philippines, the law strictly mandates employers and businesses to pay its workers using the recognized legal tender in the country, which is fiat. If Congress were to implement this change, they would have to pass a law amending such section of the Labor Code and also passing a law recognizing cryptocurrencies as a form of legal tender.

While this change is very promising, this will pass through several readings and developments that the government must concur with the change. If I were in the position of these workers in Brazil, I would opt to choose 50/50 division of salary.

That's a better division i guess since Brazil has not yet adopted crypto as a legal tender. So one needs to cater with his own needs through fiat and for a good investment such as crypto. But if ever Brazil is going to accept crypto in the near future, then i would love to accept all my salaries in crypto. My plan is to make a good investment in crypto and just buy and hold a portion of bitcoin with an amount i can afford to lose. Even if i don't do much about it, the fact that i'm already expecting profits in the near future will give me more confidence and creates more interest in crypto. And maybe by that time once crypto is legal, there will also various exchanges to which i can convert some of my crypto into fiat in times emergencies arise.

qwertyup23

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

This is actually one of those news that I am looking forward to.

But in order for this to happen, cryptocurrencies must be categorized and recognized as legal tender before they can be given as a choice in payment for the salary of workers. In the laws of the Philippines, the law strictly mandates employers and businesses to pay its workers using the recognized legal tender in the country, which is fiat. If Congress were to implement this change, they would have to pass a law amending such section of the Labor Code and also passing a law recognizing cryptocurrencies as a form of legal tender.

While this change is very promising, this will pass through several readings and developments that the government must concur with the change. If I were in the position of these workers in Brazil, I would opt to choose 50/50 division of salary.

elisabetheva

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

It is clear that for the advancement of bitcoin a plan like this is very good if it can be done with the aim of advancing the economy of workers or governments. but maybe it will just depend on the workers who can decide, because for the third world a lot of income is still used up only for daily needs or paying the proposed credit. only certain levels may be able to save funds from salary in savings.

there is a separate polemic if in my country something like this will be applied, there will definitely be rejection from the workers. because most workers still earn below the average salary received by developed countries, aka most of them will be used up for living necessities in a month. maybe it can be done to a certain level and quite a lot in my country.

karanggatak

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

good news for them, people who dont know about will played by it, they must gain new experience to discover something new.
in my country, they dont have any significant move about bitcoin. and some big party who have role with religion, prohibit to use it because of any reason.

Vaculin

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Quote from: LUCKMCFLY on November 14, 2021, 01:55:58 PM

Quote from: Blawpaw on November 09, 2021, 06:21:14 PM

Quote from: yohananaomi on November 07, 2021, 08:49:03 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

if the country is still developing and the payment for workers is still too small, I don't think it is worth paying with crypto. because usually their salary will always run out for their daily needs, it's no wonder they don't even have a salary left. paying using crypto will only add to the burden for them, it doesn't seem effective, other than maybe only those who have a certain salary, there must be criteria first.

Of course, that is not an option for many workers. Workers who receive the minimum wage in countries like Brazil would have no benefit at all to have their payroll in cryptos. I guess that a crypto payroll would be better suited to white collars and other workers with bigger salaries. Nevertheless, in case the law gets passed, they will always have the right to choose between fiat and crypto.

It would be interesting if BTC could enter Brazil, because Brazilians are very nationalistic, I have been in Brazil and they prefer to operate with their money, that is, Brazilian Reals, they prefer them even above the dollar, so if Brazilians begin to try BTC technology, this culture may change them completely, plus the advantage of all this is that Brazil is too big a country and if they are interested in BTC the demand will grow, causing the price to increase more.

Its a good thing that a Brazilian Congressman can be a good instrument to introduce bitcoin to his workers. And if these workers are willful to accept in btc payments, then i think there should be merchants too in Brazil who should start to accept btc payment so that these workers too will be able to spend their bitcoin to buy their necessities.

However, if i were one of the workers, i would be glad to accept btc because i can now invest in bitcoin and just hold it for future profits. And some of them might be converted into fiat too so i can also buy to sustain my basic needs.

SmokerFace

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I'm happy for the workers.
It's a good thing people have started to accept bitcoin payments or are going mainstream with this method of payment.
Was he suggested by someone to make this mode of payment mainstream?

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

for crypto lovers, of course paying with bitcoin or other cryptocurrencies will be very good, i will really support if i get paid in bitcoin. but i still doubt whether it will be approved in brazil because we know the brazil government is still gray about bitcoin.

LUCKMCFLY

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Quote from: Blawpaw on November 09, 2021, 06:21:14 PM

Quote from: yohananaomi on November 07, 2021, 08:49:03 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

if the country is still developing and the payment for workers is still too small, I don't think it is worth paying with crypto. because usually their salary will always run out for their daily needs, it's no wonder they don't even have a salary left. paying using crypto will only add to the burden for them, it doesn't seem effective, other than maybe only those who have a certain salary, there must be criteria first.

Of course, that is not an option for many workers. Workers who receive the minimum wage in countries like Brazil would have no benefit at all to have their payroll in cryptos. I guess that a crypto payroll would be better suited to white collars and other workers with bigger salaries. Nevertheless, in case the law gets passed, they will always have the right to choose between fiat and crypto.

It would be interesting if BTC could enter Brazil, because Brazilians are very nationalistic, I have been in Brazil and they prefer to operate with their money, that is, Brazilian Reals, they prefer them even above the dollar, so if Brazilians begin to try BTC technology, this culture may change them completely, plus the advantage of all this is that Brazil is too big a country and if they are interested in BTC the demand will grow, causing the price to increase more.

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Volatility is the big thing into consideration when one agree to get paid in terms of Bitcoin. However it is all about the true willing of the person receiving it. The interest of people on cryptocurrency as an investment is high. This mentality will make people restrict themselves from the unexpected needs and make the regular salary's major portion as investment.

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Quote from: jostorres on November 11, 2021, 03:55:51 PM

Right now developing countries are much behind in this all because corruption is very serious issue for them and in this system mostly peoples don't like this blockchain and crypto suitable for them just because of this they are creating some trouble for adoption but if few revolutionary leaders feel good then surely they can adopt and having big impact on their financial crisis and many other problems those not fixed in long run.

Brazil is very big country with some good ways, but they fail in very long run because of this corrupt system and poor work in regulations. If they want to do some quick for this all then surely they have to adopt this with very positive way because this is not easy but still good and better way for having good results in short time.

Those who don't like blockchain really need to be questioned, because if blockchain is applied to a government system then all transactions will be transparent and nothing can be manipulated or deleted. A country full of corruption problems will oppose this future technology.

whereas blockchain technology will help in recording to the ledger very easily and the data will not be manipulated.

Developed countries are starting to do in-depth research on blockchain and cryptocurrencies, they are positively accepting of this future technology.
This will solve some of the economic problems that occur.

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Quote from: Coyster on November 11, 2021, 04:17:57 PM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

If it is in the aspect of mass adoption, then this is a pretty good news, more salary earners that prolly didn't know about Bitcoin could be allured to crypto, that means more acceptance, and in the past year or so, especially immediately the pandemic began, crypto adoption has been growing massively, with the devaluation of fiat currencies and a struggling economy, more people and institutions have found alternative in crypto.

Having said that, on a personal note, I really do not think accepting your salary in crypto is really too much of a good thing, maybe when the network becomes less volatile, then considering doing that can be a good option, but atm it's much better to collect your salary in fiat and use a portion of it to then buy crypto.

With bitcoin's high volatility, maybe it will be very risky to receive your salary in bitcoin because once its value will drop, your salary too will be at risk. So i suggest maybe you can stick into receiving fiat because it has a fixed value and will never come to decrease its price.

However, if you wish to have bitcoin, maybe investing in it at your own expense is a good idea. Just invest on the amount you can afford to lose as there will always no guarantee if its value always stays up or might suddenly drop its value due to some market price correction.

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Quote from: jostorres on November 11, 2021, 03:55:51 PM

Quote from: AakZaki on November 11, 2021, 02:10:56 PM

Quote from: coupable on November 10, 2021, 02:58:41 PM

Yes ! Almost all of us, including those from countries where bitcoin use is regulated, wish that their parliaments propose regulation projects for their people (workers in particular).
In a third world country, where financial institutions have a powerful authority over economy, i think that it's more realistic that banks take aware of blockchain involvement and make the needed updates. In my country, we don't have right even to use PayPal or international cards .

The involvement of blockchain in the country's economic system certainly cannot be applied just like that, it takes rigorous research and long enough to be able to apply blockchain in it. The use of bitcoin in developing countries is regulated and regulated according to their decisions. The regulations given are generally only as commodity assets.
there is still a lot to think about to adopt for developing countries, because it involves the risks that will occur.

Right now developing countries are much behind in this all because corruption is very serious issue for them and in this system mostly peoples don't like this blockchain and crypto suitable for them just because of this they are creating some trouble for adoption but if few revolutionary leaders feel good then surely they can adopt and having big impact on their financial crisis and many other problems those not fixed in long run.

As the blockchain can eliminate the intermediaries in many public services, corruption will be its first victims, so we can understand why governors avoid the adoption for such a great technology. From another side, adopting bitcoin in particular, can even help those corrupted legislators so it's against their own benefits not to propose bitcoin as an alternative way of payments even for specific businesses.
In many countries, facing economic/financial problems, the urgent need for a solution enforce governors to try new methods even they can't yet handle it properly.
I took my country as example, where youth generation are yet fignting to use international payment services, so it's somehow far from proposing bitcoin rgulation .

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The article is ambiguous is this regard but why would legislation be needed to mandate the option to opt in for a crypto payment? I don't believe Brazil has banned bitcoin nor is there enforcement against bitcoin transactions so this just seems like extra government bureaucracy. I think any private employer should allow their employees to accept their payment in whatever currency they'd choose, but it doesn't make sense to create legislation that would create an option (granted that the option does not currently exist).

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

If it is in the aspect of mass adoption, then this is a pretty good news, more salary earners that prolly didn't know about Bitcoin could be allured to crypto, that means more acceptance, and in the past year or so, especially immediately the pandemic began, crypto adoption has been growing massively, with the devaluation of fiat currencies and a struggling economy, more people and institutions have found alternative in crypto.

Having said that, on a personal note, I really do not think accepting your salary in crypto is really too much of a good thing, maybe when the network becomes less volatile, then considering doing that can be a good option, but atm it's much better to collect your salary in fiat and use a portion of it to then buy crypto.

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Quote from: Ararbermas on November 11, 2021, 04:39:21 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Are you guys hoping for the same to happen in your country?

yep i will agree if someone here in our country proposed crypto as a payment method especially when it comes distribution of the salaries because it's a big advantage to have crypto while working in company or whatever its because it's like an investment..the more crypto you have the more of chances to obtain massive profits.. Lol simple as that, but for sure the problem on it is the fees.. Just imagine paying for hundreds of workers, so how much fees do you need for that? Cheesy

Well I think not all prefer but those who can able to hold for a long time for sure they will and remember that worker after giving the salary it will need them to buy food in the table for their families, they don't have time for saving it. Regarding the fess, that is good if the company will use a wallet that supports the lightning network features, you can send multiple addresses without worrying too much about the fees. However, if everyone is willing to take a risk of their salary, that would be good for them.

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Quote from: AakZaki on November 11, 2021, 02:10:56 PM

Quote from: coupable on November 10, 2021, 02:58:41 PM

Yes ! Almost all of us, including those from countries where bitcoin use is regulated, wish that their parliaments propose regulation projects for their people (workers in particular).
In a third world country, where financial institutions have a powerful authority over economy, i think that it's more realistic that banks take aware of blockchain involvement and make the needed updates. In my country, we don't have right even to use PayPal or international cards .

The involvement of blockchain in the country's economic system certainly cannot be applied just like that, it takes rigorous research and long enough to be able to apply blockchain in it. The use of bitcoin in developing countries is regulated and regulated according to their decisions. The regulations given are generally only as commodity assets.
there is still a lot to think about to adopt for developing countries, because it involves the risks that will occur.

Right now developing countries are much behind in this all because corruption is very serious issue for them and in this system mostly peoples don't like this blockchain and crypto suitable for them just because of this they are creating some trouble for adoption but if few revolutionary leaders feel good then surely they can adopt and having big impact on their financial crisis and many other problems those not fixed in long run.

Brazil is very big country with some good ways, but they fail in very long run because of this corrupt system and poor work in regulations. If they want to do some quick for this all then surely they have to adopt this with very positive way because this is not easy but still good and better way for having good results in short time.

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Quote from: coupable on November 10, 2021, 02:58:41 PM

Yes ! Almost all of us, including those from countries where bitcoin use is regulated, wish that their parliaments propose regulation projects for their people (workers in particular).
In a third world country, where financial institutions have a powerful authority over economy, i think that it's more realistic that banks take aware of blockchain involvement and make the needed updates. In my country, we don't have right even to use PayPal or international cards .

The involvement of blockchain in the country's economic system certainly cannot be applied just like that, it takes rigorous research and long enough to be able to apply blockchain in it. The use of bitcoin in developing countries is regulated and regulated according to their decisions. The regulations given are generally only as commodity assets.
there is still a lot to think about to adopt for developing countries, because it involves the risks that will occur.

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Quote from: Taskford on November 11, 2021, 05:34:03 AM

Quote from: michellee on November 11, 2021, 05:24:42 AM

Quote from: flyer88 on November 11, 2021, 03:25:09 AM

this is a very precise proposal with crypto payments to the workers there, making it very easy to process transactions but will it be well received by the workers especially considering that they may not understand the issue of crypto currencies based on digital currencies so they must gain the trust of these workers in order to accept using digital currency in the transaction process of paying their wages

Before their workers can apply for crypto payments, the company needs to teach the workers how to use crypto so there will be no problem that can happen to the workers. Maybe the use of crypto as the payment be an option so the workers can still get fiat for their payments and they only spend some of their payment to have crypto for the investment. I do not see the chance for workers in my country to accept crypto for the payments since people here still prefer to use fiat money for their payments.

I think this is optional only since for sure this kind of option will not be push as mandatory since its so hard to get some knowledge about bitcoin if you don't have any access to internet and learn about it, so maybe they should do a dry run before its full implementation to see if they can get a positive result towards this adoption they try to impose. But I'm sure in the long run this will be a good option to take but its just people need more education about this technology.

If those workers have a will to learn about bitcoin, they will understand that bitcoin can be their new investment type besides buying gold as with accepting bitcoin for their payment, that means, they have the new investment that will give them profit in the future. But if in their city, there are only a few local stores that accept bitcoin, they will rethink accepting bitcoin as the payment because the local store needs approval from the authority to accept bitcoin for the new payment system.

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Quote from: michellee on November 11, 2021, 05:24:42 AM

Quote from: flyer88 on November 11, 2021, 03:25:09 AM

this is a very precise proposal with crypto payments to the workers there, making it very easy to process transactions but will it be well received by the workers especially considering that they may not understand the issue of crypto currencies based on digital currencies so they must gain the trust of these workers in order to accept using digital currency in the transaction process of paying their wages

Before their workers can apply for crypto payments, the company needs to teach the workers how to use crypto so there will be no problem that can happen to the workers. Maybe the use of crypto as the payment be an option so the workers can still get fiat for their payments and they only spend some of their payment to have crypto for the investment. I do not see the chance for workers in my country to accept crypto for the payments since people here still prefer to use fiat money for their payments.

I think this is optional only since for sure this kind of option will not be push as mandatory since its so hard to get some knowledge about bitcoin if you don't have any access to internet and learn about it, so maybe they should do a dry run before its full implementation to see if they can get a positive result towards this adoption they try to impose. But I'm sure in the long run this will be a good option to take but its just people need more education about this technology.

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Quote from: flyer88 on November 11, 2021, 03:25:09 AM

this is a very precise proposal with crypto payments to the workers there, making it very easy to process transactions but will it be well received by the workers especially considering that they may not understand the issue of crypto currencies based on digital currencies so they must gain the trust of these workers in order to accept using digital currency in the transaction process of paying their wages

Before their workers can apply for crypto payments, the company needs to teach the workers how to use crypto so there will be no problem that can happen to the workers. Maybe the use of crypto as the payment be an option so the workers can still get fiat for their payments and they only spend some of their payment to have crypto for the investment. I do not see the chance for workers in my country to accept crypto for the payments since people here still prefer to use fiat money for their payments.

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Quote from: Botnake on November 09, 2021, 04:29:00 PM

Quote from: batang_bitcoin on November 09, 2021, 04:06:30 PM

In my country, I think the minds of my countrymen are starting to be open about cryptocurrencies. As they look at the price of bitcoin, everyone wants to own even the least that they can with bitcoin. We're a free and good country towards cryptocurrencies and I don't think that there's a need to pass any bill since it will just make things complicated upon being noticed that there's so much transactions happening in the network and, they might think that there's a need to increase taxation to it. Although if I'm working for a company, it's a good option if you can choose to get paid in fiat or bitcoin.

Once a congressman proposes a bill for crypto payments, does it mean that the next thing they will propose is to make bitcoin as a legal currency? Because it seems so useless if people will receive their salary in bitcoin and yet, it can't be use to purchase basic goods and services. Because if bitcoin remains not adopted by its own government, then i think only for those who know bitcoin well will certainly agree to accept bitcoin knowing it can be a good investment as well aside from being a good currency.

However, its a good thing that bitcoin is now more famous all over the world, and adopting it as a global currency is the next thing in line.

There's an option if a worker wants to get paid in bitcoin then that shall be granted but if he wants to get paid in cash, then he's free to choose fiat.
It's still just a proposal and there's no forcing for the companies to pay their workers into bitcoin. But that's just seem to be a very optimistic move when we see government official that are very favorable to bitcoin.

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Are you guys hoping for the same to happen in your country?

yep i will agree if someone here in our country proposed crypto as a payment method especially when it comes distribution of the salaries because it's a big advantage to have crypto while working in company or whatever its because it's like an investment..the more crypto you have the more of chances to obtain massive profits.. Lol simple as that, but for sure the problem on it is the fees.. Just imagine paying for hundreds of workers, so how much fees do you need for that? Cheesy

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this is a very precise proposal with crypto payments to the workers there, making it very easy to process transactions but will it be well received by the workers especially considering that they may not understand the issue of crypto currencies based on digital currencies so they must gain the trust of these workers in order to accept using digital currency in the transaction process of paying their wages

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Atleast this singular act by the brazilian Congressman will create more awareness for bitcoin in the country I am sure there are lots of workers who might have never heard of bitcoin before this is a big opportunity to for them thus would really enquire or research about bitcoin after being convinced about it usefulness and it advantages while some of the workers will embrace the idea if the congressmen eventually adopt it and might consider it as a means of salary payment consequently invariably will pump it price due to more adoption.

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Yes ! Almost all of us, including those from countries where bitcoin use is regulated, wish that their parliaments propose regulation projects for their people (workers in particular).
In a third world country, where financial institutions have a powerful authority over economy, i think that it's more realistic that banks take aware of blockchain involvement and make the needed updates. In my country, we don't have right even to use PayPal or international cards .

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Quote from: yohananaomi on November 07, 2021, 08:49:03 AM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

if the country is still developing and the payment for workers is still too small, I don't think it is worth paying with crypto. because usually their salary will always run out for their daily needs, it's no wonder they don't even have a salary left. paying using crypto will only add to the burden for them, it doesn't seem effective, other than maybe only those who have a certain salary, there must be criteria first.

Of course, that is not an option for many workers. Workers who receive the minimum wage in countries like Brazil would have no benefit at all to have their payroll in cryptos. I guess that a crypto payroll would be better suited to white collars and other workers with bigger salaries. Nevertheless, in case the law gets passed, they will always have the right to choose between fiat and crypto.

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Quote from: avikz on November 09, 2021, 12:49:41 PM

Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Getting salary in a volatile currency like bitcoin, is a very risky proposition. I know it can be extremely rewarding as well if the price increases but considering the price fluctuation, it is risky.

Personally I wouldn't prefer to get my salary in bitcoin. But given a chance probably 20% of my salary can be given in bitcoin and rest should be in fiat. This will ensure that my ingoing liabilities are met and also I will get the chance to save in bitcoin.

Having 100% of my salary in bitcoin or in any other crypto is a big no no.

Very risky indeed but they wont really be allowing or approving it without any considerations in terms of volatility.Of course they would be minding much

about moving prices and not all would really be not agrees on that one.Therefore,decisions like this would really be not going in final if it wasnt really

being mind that carefully.It would be good if they would really be giving out some option neither fiat or crypto they would able to received.

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Quote from: batang_bitcoin on November 09, 2021, 04:06:30 PM

In my country, I think the minds of my countrymen are starting to be open about cryptocurrencies. As they look at the price of bitcoin, everyone wants to own even the least that they can with bitcoin. We're a free and good country towards cryptocurrencies and I don't think that there's a need to pass any bill since it will just make things complicated upon being noticed that there's so much transactions happening in the network and, they might think that there's a need to increase taxation to it. Although if I'm working for a company, it's a good option if you can choose to get paid in fiat or bitcoin.

Once a congressman proposes a bill for crypto payments, does it mean that the next thing they will propose is to make bitcoin as a legal currency? Because it seems so useless if people will receive their salary in bitcoin and yet, it can't be use to purchase basic goods and services. Because if bitcoin remains not adopted by its own government, then i think only for those who know bitcoin well will certainly agree to accept bitcoin knowing it can be a good investment as well aside from being a good currency.

However, its a good thing that bitcoin is now more famous all over the world, and adopting it as a global currency is the next thing in line.

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In my country, I think the minds of my countrymen are starting to be open about cryptocurrencies. As they look at the price of bitcoin, everyone wants to own even the least that they can with bitcoin. We're a free and good country towards cryptocurrencies and I don't think that there's a need to pass any bill since it will just make things complicated upon being noticed that there's so much transactions happening in the network and, they might think that there's a need to increase taxation to it. Although if I'm working for a company, it's a good option if you can choose to get paid in fiat or bitcoin.

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Though it's a little bit questionable if their workers would love to accept as a payment or as a salary then that would be fine. Maybe also I'm thinking that their people are already aware of crypto and that's why it's okay for them to accept cryptocurrency. But on crypto enthusiasts, this has a big impact on us and we must be thankful to this congressman that could possibly another people who are in the political position will follow to the steps like what this congressman did and I think kudos for him that he understand the crypto world.

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A brazilian man, whose name is MP Luizão Goulart. He is congressman he propose a bill to legalize Crypto Currency and make it source of sellary to give workers of private and government.

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Getting salary in a volatile currency like bitcoin, is a very risky proposition. I know it can be extremely rewarding as well if the price increases but considering the price fluctuation, it is risky.

Personally I wouldn't prefer to get my salary in bitcoin. But given a chance probably 20% of my salary can be given in bitcoin and rest should be in fiat. This will ensure that my ingoing liabilities are met and also I will get the chance to save in bitcoin.

Having 100% of my salary in bitcoin or in any other crypto is a big no no.

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If this can be well received by brazilian citizens then this will be the country that uses crypto next, and this will have a weak impact on fiat currencies in the country later, everyone who receives a salary with bitcoin must be very high, and most importantly they already know the use of crypto well so that their needs can pay with bitcoin and know how to store their assets well.

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Yeah It will be great if this kind of proposal makes someone in my country. Although my government declared it's illegal for money laundering.

But my question is how bank will pay someone if worker's are interested to take their salary ? As a example if a workers salary is $500 then if his payment method is crypto will they hold his money as crypto or as fiat? Cause if bank gives him salary according to fiat then I think there's won't any price drop or raised.

If majority banks are accepting this method in near future will there be any market manipulation by wealthy banks or syndicate. I'm asking about a sudden bull run and a everest drop.

In 2020 there was a time seen in market named by kangaroo jump. I'm thinking about this in a large scale.

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Quote from: Slow death on November 07, 2021, 09:09:30 AM

I keep wondering how is the situation of retirement pension deductions, life insurance, how will the person make a loan at the bank?

For now they are only offering salaries in BTC.

I have a different perspective on this, while many are praising this idea I think due to high price volatility its not a good idea to have your salary in BTC. Because you have to convert that BTC in fiat at some point for your daily living. We are dependent on our salaries for our daily livings (to pay bills, to buy groceries etc.). How about getting a salary of 500$ and in the evening you get to know its 450$ (due to Musk tweet).

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Quote from: Slow death on November 07, 2021, 09:09:30 AM

I keep wondering how is the situation of retirement pension deductions, life insurance, how will the person make a loan at the bank?
let's imagine that someone has a salary of $500 per month, this person receives his salary in the bank and thanks to that he can borrow in the bank of $5000 and the bank will deduct $130 from his salary per month for 5 years.
if that same person receives his salary in bitcoin then he will not be able to borrow from the bank to pay with salary, unless he has other businesses

It changes nothing.
You still get paid a sally of $500 a month, you decide to take half in BTC or all of it you will still have to pay 130$ to the bank.
The bank doesn't care in what currency you take your wage, it cares how much your employee pays you based on your work contract, so he could have a secret deal with you and pay you in cabbages the bank would till see that you earn 500$ and you owe each month $130 which will be deducted before the actual payment.

Nothing special really, a lot of banks in European countries issue loans in euros or swiss franks even in countries who are outside the eurozone.

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Are you guys hoping for the same to happen in your country?

I wouldn't have high hopes even though both developed and developing countries have started proposing Bitcoin or cryptocurrency payments for employees. Because in my country not all workers like crypto, some will refuse maybe the rest who like crypto can do the same thing as in Brazil.

Another problem is that in each country, crypto is still lucky to be given space, although not as widely as in countries where Bitcoin is legal. So it's just an investment alternative, it's more than enough so we don't have to worry about what China is doing to close everything related to cryptocurrency transactions for its people.

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Quote from: ultrloa on November 08, 2021, 07:25:09 AM

Quote from: Obito on November 07, 2021, 10:52:30 PM

Given how volatile most crypto is, it's not really the best thing to happen in my opinion, good thing that they made it a choice because if it becomes a mandatory thing, a lot of people will probably suffer when the prices are slashed in half because that's definitely going to happen. It's not a bad proposition but I think that there's probably other ways where they can make crypto a beneficial thing for them besides being an option as a payment for work.

This is not really a bad proposition but there's a risk on the implementation they do so hopefully they will make those worker understand on what they are accepting since letting them accepting it without prior knowledge on what payment processor they accept might cause a huge backlash to them. But I believe those government official knows on what they are doing and I'm curious to know the long term effect on this action they do.

The government should explain to their employees/workers if they do need this kind of payment where one of the risk factor is the volatility of the market. This kind of proposition will need some time to think properly I guess because I think this is the first time I've heard a workers would accept crypto for their salary. I do hope most of them realized what are the pros and cons of having a crypto and not just blindly accept it because they say so.

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Quote from: AmoreJaz on November 08, 2021, 06:23:30 PM

Quote from: dupee419 on November 08, 2021, 06:16:14 PM

In my opinion, this is perfect for Brazil and its citizens, Brazil isn't the brightest country we can think of when it comes to economy, and as a 3rd world country, I think this is actually a good idea, I'm pretty sure that their workers will choose Bitcoin as the currency of choice as it will be very profitable for them when the value goes higher. I sure do wish that there will also be implementations like this here in my country.

we can't assume that all will agree with this proposition but the government should also offer like certain percentage of their salary into crypto, not all in crypto or all in fiat. because if they will allow even small percentage to be converted into crypto, high likely that some will avail the offer. but if it is all crypto, i don't think a lot will favour this move. but let us see how they will finalise this initiative.

They should really need to hear out workers words about this thing whether they do like it or not because if they would impose it out directly and majority of those workers do still prefer fiat then such changes would be useless but somehow this do spread awareness on how crypto works
in terms of payment system.

Its really good to see that we are taking slow step by step when it comes to recognition or applying its real use case on different manner
and industry which does indicates that we are really heading on bigger adoption in near future.

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Quote from: dupee419 on November 08, 2021, 06:16:14 PM

In my opinion, this is perfect for Brazil and its citizens, Brazil isn't the brightest country we can think of when it comes to economy, and as a 3rd world country, I think this is actually a good idea, I'm pretty sure that their workers will choose Bitcoin as the currency of choice as it will be very profitable for them when the value goes higher. I sure do wish that there will also be implementations like this here in my country.

we can't assume that all will agree with this proposition but the government should also offer like certain percentage of their salary into crypto, not all in crypto or all in fiat. because if they will allow even small percentage to be converted into crypto, high likely that some will avail the offer. but if it is all crypto, i don't think a lot will favour this move. but let us see how they will finalise this initiative.

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In my opinion, this is perfect for Brazil and its citizens, Brazil isn't the brightest country we can think of when it comes to economy, and as a 3rd world country, I think this is actually a good idea, I'm pretty sure that their workers will choose Bitcoin as the currency of choice as it will be very profitable for them when the value goes higher. I sure do wish that there will also be implementations like this here in my country.

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

In this bullish year, we have started to hear lots of such great news happening around the world because bitcoin started to hit mainstream media which must be the biggest differences than what we had in the previous bull run. I am expecting more such exciting news will be arriving in next few months so that bitcoin will be getting into FOMO which might take bitcoins into half a million dollars value also.

In my country already lots of people started using and investing with bitcoin regardless of what kind of stand my government is going to take against cryptocurrencies.

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of course, this pleases, but I would like it to be in our country, and it is far from that, in our countries they want control over the money supply, and it will be difficult with bitcoin, so for now I do not hope for it.

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Quote from: zaesvlas on November 08, 2021, 09:08:59 AM

Do the workers need them? Before giving this opportunity to workers, they need to explain how to use it.

It is just a proposal and they are not forcing everyone to take payment in cryptocurrency. It is an option for anyone who wish to accept in cryptocurrency to hold them it is individual choice. When i hear these development my immediate thinking would be what happens to the new users who accept payment when the market is at an all time high and the market goes for a major correction. So there are many cons and pros to the proposal.

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the proposal for payment of work using crypto currency has become commonplace if it is only a proposal, we want a certainty that this can be realized immediately as did the state of El Salvador which makes payments using bitcoin widely in the country This is not only for the workers, but we really hope that this is not just a discourse about the proposals that will be made for workers in Brazil.

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Do the workers need them? Before giving this opportunity to workers, they need to explain how to use it.

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Quote from: Slow death on November 07, 2021, 09:09:30 AM

I keep wondering how is the situation of retirement pension deductions, life insurance, how will the person make a loan at the bank?

The coins can always be exchanged for fiat and deposited back into the bank on a monthly basis. In agreement with the bank of course. You can always mortgage your home if you own your own estate. Another option would be to take out a loan in fiat by depositing crypto as your collateral.

Quote from: Sayeds56 on November 07, 2021, 10:38:02 PM

You have raised a good point but I think when Bitcoin will be accepted as a legal tender in any country the Banks of the country will certainly come up by introducing new products in crypto likewise Fixed Deposits, Loans and many many mores to address all above issues raised in your post.

But the bill does not foresee that Bitcoin is accepted as legal tender. It just gives Brazilian citizens an option to be paid a certain percentage of their wages in crypto. That doesn't turn Brazil into El Salvador though.

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If you ask me, I love to get a salary in Bitcoin or other established altcoins as payment. And of course, I will be the first who will congratulate the government if they decide to allow make a choice. No matter I don't have a job or not, but more people will be encouraged to use cryptocurrency if it happens. The world moving to digitalization, so as a part of that it's just a matter of time when we can accept Bitcoin for the monthly salary.

I would say this Congressman thinks if perfect at the moment. Otherwise, we have to always depend on the centralized bank and we will not have the financial freedom to control our funds by ourselves. It's a good and real-time innovation IMO.

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

IMO, I guess not all cryptocurrencies are suitable to become a salary payment in my country, but I give a benefit of the doubt if it was a kind of stable coin that has cheap transaction fees because if it was a BTC or Ethereum it will not work because in their transaction fee alone it's already a disadvantage to the worker plus the volatility and fluctuation issues that might affect the value of the coin after it was sent that's why it much better if it was a stable coin to ensure its value.

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Quote from: Obito on November 07, 2021, 10:52:30 PM

Given how volatile most crypto is, it's not really the best thing to happen in my opinion, good thing that they made it a choice because if it becomes a mandatory thing, a lot of people will probably suffer when the prices are slashed in half because that's definitely going to happen. It's not a bad proposition but I think that there's probably other ways where they can make crypto a beneficial thing for them besides being an option as a payment for work.

This is not really a bad proposition but there's a risk on the implementation they do so hopefully they will make those worker understand on what they are accepting since letting them accepting it without prior knowledge on what payment processor they accept might cause a huge backlash to them. But I believe those government official knows on what they are doing and I'm curious to know the long term effect on this action they do.

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That would be great if our country have such an option rather than manually converting the part of our salary to some local exchanges that will gonna get some percentage when converting from fiat to cryptocurrencies and not to mention the fees for sending transactions. It would be nice if ever they implement such a thing in Brazil so that the other countries will have some data about the outcome of it before they can try it on their country as well.

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Very good initiative. In most cases, workers will question about high volatility of cryptocurrency, because they only know that Bitcoin is a digital coin with very high volatility.

This is because of their misconceptions about Bitcoin. They should first and foremost educate the public about cryptocurrency, as well as encourage the use of cryptocurrency. They will be interested in taking crypto payments if they can be educated properly.
Cryptocurrency is allowed in my country but crypto payment is very rare case here.

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Not surprisingly, this congressman is a Republican. Not that it was impossible for him to be a Democrat or a leftist, but there is a tendency to propose Bitcoin-friendly legislation by right-wing politicians, which is consistent with ideology, as leftist ideologies believe more in state control, and Bitcoin escapes it.

Leaving this aside, I hope it will be implemented. Anything that is steps towards normalization of Bitcoin would be good. We are living in an era with respect to Bitcoin and cryptocurrencies that is similar to what happened with cell phones 20 years ago. In 20 years everyone will be using some cryptocurrency just like they use cell phones today.

Obito

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Given how volatile most crypto is, it's not really the best thing to happen in my opinion, good thing that they made it a choice because if it becomes a mandatory thing, a lot of people will probably suffer when the prices are slashed in half because that's definitely going to happen. It's not a bad proposition but I think that there's probably other ways where they can make crypto a beneficial thing for them besides being an option as a payment for work.

Sayeds56

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Quote from: Slow death on November 07, 2021, 09:09:30 AM

I keep wondering how is the situation of retirement pension deductions, life insurance, how will the person make a loan at the bank?

let's imagine that someone has a salary of $500 per month, this person receives his salary in the bank and thanks to that he can borrow in the bank of $5000 and the bank will deduct $130 from his salary per month for 5 years.

if that same person receives his salary in bitcoin then he will not be able to borrow from the bank to pay with salary, unless he has other businesses

You have raised a good point but I think when Bitcoin will be accepted as a legal tender in any country the Banks of the country will certainly come up by introducing new products in crypto likewise Fixed Deposits, Loans and many many mores to address all above issues raised in your post. However, as crypto Enthusiast I am very glad that the world is gradually moving toward mass adoption of Bitcoin which has potential to change life of common man/woman.

Fundamentals Of

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Of course it would be best if this is available in any country of the world. Workers should have the freedom to choose which currency should be paid to them. But if this is not available it is not really a problem at all. The workers could easily use their salaries to buy the amount of Bitcoin they want.

What is important is that Bitcoin is legalized as a currency in any country so that people could freely convert their fiat to Bitcoin and use them to purchase goods and pay for services.

Jating

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Yes, I would love to have that option too, to be paid in bitcoin as a salary payment. But it might take a while though, unless it will be really implemented and become law. Because this employers doesn't want another burden for them. I mean they will have to find someone in their payroll department that is at least has knowledge in bitcoin.

Hopefully though maybe in the next 5 years, when bitcoin is somewhat globally adopted, at least 50% of all nation recognised bitcoin as currency or store of value or medium of exchange.

sheenshane

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Are you guys hoping for the same to happen in your country?

Not yet a proper regulation but our central bank already recognized Bitcoin as an alternative payment and we're using it now as a payment system, we're both good, cheers!

Another country showing interest towards Bitcoin acceptance, what such a great move to them. Day by day we saw and heard about acceptance of Bitcoin and it could be in the next day, there's another news stating another country accepting Bitcoin and I think most countries might trigger this.

If people they're in Brazil are oriented very well about Bitcoin, they rather accept Bitcoin than fiat since Bitcoin will give a chance that it will double the value of what you have held.

dkbit98

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I think that this trend started with few US mayors Francis Suarez of Miami and Eric Adams Adams from New York but it's slowly spreading to everywhere.
Mayors of Jackson TN Scott Conger and Tampa FL Jane Castor also committed to convert their next paychecks into bitcoin, and it's great news that Brazilian politicians are also thinking about this.
If I had the choice I would certainly accept receiving my paychecks at least partially in Bitcoin for obvious benefits, and I would accept all the risk of volatility.

eaLiTy

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

These things are good to hear, it is always great to hear that a government is giving the citizens the options to choose from cryptocurrency and fiat currency and not enforcing one form or the other. The other aspect we need to understand is that even if the payroll is paid in cryptocurrency you cannot expect that it is a move towards bank independence, but it is definitely more freedom of choice.

uneng

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Personally I like the idea of being paid in bitcoins, because I don't need to buy bitcoins to have an investment this way and feel much more incentivized to hold my coins, selling for fiat only what is necessary for daily expenses. But to pass a project like this isn't so easy as it looks, a lot of support from the society, many congressmen and even from the government is need, and I suppose Brazil lacks primary regulations over bitcoin that should be passed before this propose legalizing crypto payments for workers from all spheres, that is a lot more complex and will contradict many personal interests, including the ministry of economy.

savetheFORUM

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

That’s a pretty good idea, I have once worked on a project for a company and they allowed their employees to make a choice on whether they would like to receive their payment on Bitcoin or Fiat. And it’s really cool, I chose Bitcoin then ‘cause it was a remote job and I had to be working from a country that is very far away from the headquarters of the company.

Bitcoin made it easy for me to be able to receive the money instantly, rather than having to make use of banks which would take me so many days before I would get my payment. So, I believe this congressman is making the right choice, and there would be lots of employees/ workers who would be ready to choose cryptocurrency as their mode of payment.

romero121

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This is really good. Brazil is the country to have more stores accepting bitcoin in the past. By that time very few countries are into cryptocurrency acceptance. This bill will make a big change in the usage of cryptocurrency among the Brazilian Citizens. For users who have the habit of spending regularly on buying/investing on cryptocurrency can make use of the opportunity.

Already this support is being provided for plantation workers of Indonesia, because they find the usage of cryptocurrency as a better way for money transfer than traditional fiat transfer by centralized platforms.

worle1bm

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

It's really good that workers salaries are being proposed to be paid in crypto like btc or any other coin the company will accept but the main thing is those who are willing to accept it should be paid in crypto and others not because there will be some who are more adjusted in having regular fiat as it's widely accepted and they will not have to find a store to accept such payment and moreover the transaction fees would cut their funds if they spent them in small outputs.I personally prefer Bitcoin but there are certain factors which should be noticed before implantation of such decisions.

Slow death

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I keep wondering how is the situation of retirement pension deductions, life insurance, how will the person make a loan at the bank?

let's imagine that someone has a salary of $500 per month, this person receives his salary in the bank and thanks to that he can borrow in the bank of $5000 and the bank will deduct $130 from his salary per month for 5 years.

if that same person receives his salary in bitcoin then he will not be able to borrow from the bank to pay with salary, unless he has other businesses

yohananaomi

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

As long as it's done for improvements for workers in general, of course what is being done with the proposed payment using crypto, is definitely progress. because we cannot avoid progress that has penetrated all sectors and we must update it.

but i don't understand about brazil, are their workers really paid according to the work they get and can prosper?
if you have reached the point of prosperity, it is clear that it is very useful to pay using crypto.

if the country is still developing and the payment for workers is still too small, I don't think it is worth paying with crypto. because usually their salary will always run out for their daily needs, it's no wonder they don't even have a salary left. paying using crypto will only add to the burden for them, it doesn't seem effective, other than maybe only those who have a certain salary, there must be criteria first.

Taskford

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Quote from: Blawpaw on November 07, 2021, 06:25:05 AM

Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

As I am a bitcoin user I would love to accept bitcoin as payment for my work done, but for other who doesn't know about it or have less knowledge about it maybe its dangerous for them to accept bitcoin knowing the volatility is high and they can't leave their balance on their wallet since there's a chance that their holdings will get less value especially when dump happens and that will be a huge problem for the worker especially if that amount he receive is the only money he have and hopefully the government should consider this flaws, maybe before implementing this they should have proper information drive about bitcoin first since for sure this will help them understand the new technology introduced to them.

cabron

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Almost every day there is news like this the NY mayor will receive his first 3 months of compensation in BTC. It's good to learn influential people are not pushing out the innovations of today. If it's becoming a trend so why not pass a bill. But the first the I'm expecting is the country El Salvador that will pass this bill.

Quote from: DapanasFruit on November 07, 2021, 06:51:06 AM

Well, let's hope that this proposed bill can see the light of day or get approved and then implemented. There is no question that cryptocurrency is getting into the mainstream and more and more politicians especially outside of USA are getting their eyes on how cryptocurrency can be working for them and their people. Will it mean that soon we can see cryptocurrency getting into the everyday lives of the people? I am hoping so.

It's in South America I would assume the government officials are cooperative when it comes to something like this since BTC is more adopted in the region.

DapanasFruit

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Well, let's hope that this proposed bill can see the light of day or get approved and then implemented. There is no question that cryptocurrency is getting into the mainstream and more and more politicians especially outside of USA are getting their eyes on how cryptocurrency can be working for them and their people. Will it mean that soon we can see cryptocurrency getting into the everyday lives of the people? I am hoping so.

Blawpaw

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Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence.

Are you guys hoping for the same to happen in your country?

Topic: Brazilian Congressman proposes Crypto Payment for workers (Read 501 times)