Can we adopt altcoin to pay wages? - page 7.

lamadu3

full member

Activity: 490

Merit: 100

Quote from: HoundRogerson on May 11, 2018, 02:57:03 AM

Yes it seems to me it will be very difficult. The course is not permanent and needs to be adjusted. And they can not pay with the store, so it's not very convenient

Almost nobody will agree to be paid in altcoins or Bitcoins. The cryptocurrency prices change all the time, and it is impossible to define the size of the salary. This idea is insane. Only fiat can be used for wages.

tuquyen44

newbie

Activity: 98

Merit: 0

This is inexpedient, since the price of altcoins constantly jumps and it is not stable. I think people will not be happy if each month they receive a different number of coins.

dazuixia456

full member

Activity: 308

Merit: 100

Altcoin is a project that belongs to some number of people who have the bigger share of this currency, because they have created it, obviously. Which means that the rate and value of such altcoin won`t be stable, that leads to no stable wages.

hsdjdyt

newbie

Activity: 125

Merit: 0

I think the current use of altcoin to pay wages cannot be achieved. Not to mention that many people do not trust altcoin, and the volatility of this market is not small. The price of altcoin is not stable.

budakjawa

member

Activity: 471

Merit: 10

Quote from: markflayer on April 08, 2018, 01:35:50 PM

Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it?

I think if you want to pay salaries with altcoin you have to consult and ask your workers to receive payment using altcoin or not, if they agree then it does not matter if not agree yes it will not be so everything should be considered.

deadthings

sr. member

Activity: 1106

Merit: 255

Betking.io - Best Bitcoin Casino

Quote from: markflayer on April 08, 2018, 01:35:50 PM

Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it?

In my opinion the biggest problem will be price volatility, altcoins can change own price even a few times. If the salary in the altcoins would not change one time you could get more but sometimess you could get less. So for me better option is getting money in normal currencies

panganib999

hero member

Activity: 1736

Merit: 589

It depends on teh contract of a specific establishment or business that would offer jobs to people. If they would support it there would be a bigger chance to make it possible in reality in the near future. But is also needs mass adaptation of people who want to have a cryptocurreny base salary in exchange for their work or service.

gerjiss

member

Activity: 336

Merit: 10

The biggest problem that arises is the volatility of the cryptocurrency exchange rate. If the rate only grew, there would be no problems, and since the rate may also fall, then paying wages in cryptocurrency is not an option.

Gekkoo

sr. member

Activity: 604

Merit: 252

The biggest problem that can lead to this style of payment is liquidity, where we receive an amount and for market reasons the currency appreciates 10x or 100x, but it can also depreciate in the same proportion. Thus, it can generate problems and disorders in the cryptographic world, but it may be an idea to be debated where only an altcoin with minimal liquidity becomes a payment standard.

popotao93

newbie

Activity: 31

Merit: 0

the people's salaries cannot be. People need certainty, like the certainty that they will be able to buy food with their last month's wage.

AlekSandRAx

jr. member

Activity: 127

Merit: 6

Quote from: wattcrypto on May 10, 2018, 05:31:45 PM

I think that would be perfect. IMO a stablecoin is the perfect solution for all of this. At the end of the day we all hate price volatility especially if you're getting paid for a living. I'm a big fan of Havven and their stablecoin.

You should look into them. Great project, team, and development.

https://www.newsbtc.com/2018/03/05/havven-decentralized-stable-coin-ico-successfully-closed-raises-usd-30-million/

nomin or nUSD, which you mentioned has release date on June 11, when Havven payment network will be launched. Like you, I also see great potential in stablecoins and I'm holding my Havven tokens from the airdrop. I'm excited to see how the launch will go and if the nUSD will fulfilled expectations and work as promised. The stablecoins could be the method of payment if they succeed to provide stability and security.

HoundRogerson

member

Activity: 226

Merit: 10

🤖UBEX.COM 🤖

Yes it seems to me it will be very difficult. The course is not permanent and needs to be adjusted. And they can not pay with the store, so it's not very convenient

Haunebu

hero member

Activity: 3080

Merit: 970

www.Crypto.Games: Multiple coins, multiple games

Quote from: yujli on May 11, 2018, 01:53:10 AM

In fact, some companies are already using bitcoin to pay their employees wages in Japan. I don't think there is any problem. The only problem is that if you earn $2,000 a month, you can get a salary of $1,800 or $2,200. Because the price of bitcoin has been fluctuating.

This is exactly why this is not feasible in the present scenario. The extreme volatility of this cryptocurrency market is the primary reason why Bitcoin and altcoins cannot be utilized as a method to pay wages currently, but it can certainly happen in the near future in my opinion once the market exhibits lower volatility. Additionally, features like lightning network, segwit wallets etc will help in dropping the transaction fees and transaction times making it much more feasible in the future. As Bitcoin adoption grows over time, altcoins will continue being adopted on a global scale.

fiorilia

sr. member

Activity: 504

Merit: 250

probably a reasonable idea. but of course, the problem fluctuations become a difficult problem is received for that pay. maybe many feel objections because prices always fluctuate erratically. This will also make the income they have no fixed value.

ailyn30

jr. member

Activity: 140

Merit: 1

Anonymous warrior

First of all, It is okay to adopt altcoin but as of now it is not stable to make it as a salary wages. But it is okay in a long run.

yujli

newbie

Activity: 105

Merit: 0

In fact, some companies are already using bitcoin to pay their employees wages in Japan. I don't think there is any problem. The only problem is that if you earn $2,000 a month, you can get a salary of $1,800 or $2,200. Because the price of bitcoin has been fluctuating.

leavefifa

newbie

Activity: 106

Merit: 0

Are not. I do not think that using Altcoin to pay is a good thing. If you use Altcoin to pay, it will not be attractive to employees, because now, the value of the Altcoin is unstable. Workers will not be able to take care of their family life unless they know how much money they can earn in that month. They will worry and choose another job. Altcoin should only be used to pay for those who work and want to collect Altcoin. I think it is good for the manager and the worker.

hsnjtdj

newbie

Activity: 106

Merit: 0

I don't think that everyone is willing to accept altcoin as a salary. After all, its price has not stabilized. Maybe it will be possible in the future, but it will take a long time to solve the existing problems.

mario00

newbie

Activity: 133

Merit: 0

Actually yes, altcoins can be used to pay wages but it would have to be good altcoins like ethereum because no one wants to accept a scam coin or dead coin as a wages. It can be done. Not yet though, cryptos still have a lot of growing and a long way to go.

sousay

newbie

Activity: 133

Merit: 0

I think it is hard to adapt altcoin as mode of payment for wages,there are many things to consider in this,one is the price of altcoin is not stable.

Topic: Can we adopt altcoin to pay wages? - page 7. (Read 1700 times)