How many of you work and are 100% paid in Bitcoin? - page 2.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: DannyHamilton on March 24, 2014, 12:25:42 PM

Quote from: DeathAndTaxes on March 24, 2014, 11:48:35 AM

Salary partial paid in bitcoins (by employee election). Salary is fixed in dollars though. Tangible Cryptography allows employees to elect in writing to receive 0% to 50% of of gross pay in bitcoins. On advice of counsel we don't allow elections greater than 50% as it potentially can make taxes and withholding requirements complicated.

If you guys are ever hiring for telecommute positions, let me know.

Noted. We will have a few openings in the coming month and all of them will be remote.

BADecker

legendary

Activity: 3766

Merit: 1368

Soon MaidSafe, Counterparty and others will make it practical and profitable to be paid in Bitcoin or other cryptocurrencies.

Presently in the U.S., what a business should do is start to reduce wages to their key people, slowly so that government and the IRS doesn't take note. Then they should use a Bitcoin holding company - kinda like offshore - to pay the people the rest of their pay in Bitcoin.

Infectiphibian

newbie

Activity: 112

Merit: 0

Quote from: Dafar on March 24, 2014, 03:30:15 PM

100% fiat for me.. but I'd like to get into something related to BTC

The people who are getting paid in bitcoin... what do you guys do?

Being an independent contractor makes it much easier. Most employers have no clue how to legally pay an employee in something other than a physical paycheck or direct deposit. An independent contractor could have their employer exchange the fiat for BTC through something like Coinbase, then direct deposit to your wallet instead of a bank.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

100% fiat for me.. but I'd like to get into something related to BTC

The people who are getting paid in bitcoin... what do you guys do?

bbeagle

member

Activity: 63

Merit: 10

Quote from: mskryxz on March 24, 2014, 12:17:07 AM

I am in the U.S. and all of my coworkers including myself are 100% paid in Bitcoin. But we are a bitcoin company though

If bitcoin's value halves, everyone's salary halves, and everyone at your company is disgruntled and looking for a new job.

If bitcoin's value goes too high, everyone gets paid too much, how does the company afford to pay anyone? Do they have a large stash of btc that they sit on and just pay as salaries? It will run out eventually, or the boss will sell it all, thus ending the company.

What you say seems impossible.

Infectiphibian

newbie

Activity: 112

Merit: 0

Quote from: niothor on March 24, 2014, 05:45:33 AM

My salary is 100% Bitcoin - 7 (17.9%)
My salary is partially paid in Bitcoin - 6 (15.4%)

I think a lot of people are mistaking earning from bitcoin (trading/mining) and salary wages.
Probably some miners voted for this as the numbers seem quite impossible.

If the question was "who's income is 100% bitcoin" i would answer yes. I currently make more money trading crap coins than I did at my last job. But nobody is paying a salary. I would actually call my profits a capital gain since I re-invested my salary to get into the game.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: DeathAndTaxes on March 24, 2014, 11:48:35 AM

Salary partial paid in bitcoins (by employee election). Salary is fixed in dollars though. Tangible Cryptography allows employees to elect in writing to receive 0% to 50% of of gross pay in bitcoins. On advice of counsel we don't allow elections greater than 50% as it potentially can make taxes and withholding requirements complicated. A 100% salary (as opposed to contract work) in Bitcoins isn't possible in the US as taxes must be withheld (and employer is liable for massive fines if they fail to do so) and they need to be withheld and paid in dollars.

oops didn't see this post before I made my reply (in regards to salary being fixed in dollars)...

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

For you guys here that are paid salaries in bitcoins...would you care to tell us what companies you work for? Did your companies just go through bitpay...or did you individually agree upon a certain amount of btc to be paid bi-weekly or monthly?

Does that amount of BTC fluctuate with the USD value as it moves, or are you on a fixed BTC salary?

DannyHamilton

legendary

Activity: 3416

Merit: 4658

Quote from: DeathAndTaxes on March 24, 2014, 11:48:35 AM

Salary partial paid in bitcoins (by employee election). Salary is fixed in dollars though. Tangible Cryptography allows employees to elect in writing to receive 0% to 50% of of gross pay in bitcoins. On advice of counsel we don't allow elections greater than 50% as it potentially can make taxes and withholding requirements complicated.

If you guys are ever hiring for telecommute positions, let me know.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Salary partial paid in bitcoins (by employee election). Salary is fixed in dollars though. Tangible Cryptography allows employees to elect in writing to receive 0% to 50% of of gross pay in bitcoins. On advice of counsel we don't allow elections greater than 50% as it potentially can make taxes and withholding requirements complicated. A 100% salary (as opposed to contract work) in Bitcoins isn't possible in the US as taxes must be withheld (and employer is liable for massive fines if they fail to do so) and they need to be withheld and paid in dollars.

SZZT

sr. member

Activity: 273

Merit: 250

100% fiat. Converting 25% each month in btc or ltc for my pension fund.

offtopic:

Quote from: Malin Keshar on March 24, 2014, 02:56:05 AM

no idea dafuq bitcoin is, except that is something related with deepweb

Anyone see the controversy here?

Malin Keshar

hero member

Activity: 616

Merit: 500

Quote from: crocko on March 24, 2014, 04:23:24 AM

Quote from: Malin Keshar on March 24, 2014, 02:56:05 AM

people in my real world have no idea dafuq bitcoin is, except that is something related with deepweb, hitmans and hackers

Do you live in Ferenginar ?

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

My salary is 100% Bitcoin - 7 (17.9%)
My salary is partially paid in Bitcoin - 6 (15.4%)

I think a lot of people are mistaking earning from bitcoin (trading/mining) and salary wages.
Probably some miners voted for this as the numbers seem quite impossible.

b!z

legendary

Activity: 1582

Merit: 1010

Work? What's that? Cheesy

chtopor

newbie

Activity: 11

Merit: 0

my work is bitcoin so my salary is in bitcoin too Grin

crocko

hero member

Activity: 826

Merit: 1000

'All that glitters is not gold'

Quote from: Malin Keshar on March 24, 2014, 02:56:05 AM

people in my real world have no idea dafuq bitcoin is, except that is something related with deepweb, hitmans and hackers

Do you live in Ferenginar ?

sacko

full member

Activity: 174

Merit: 253

100% Bitcoin

Lethn

legendary

Activity: 1540

Merit: 1000

I don't have a job but I am starting up a business and I'm going to show some balls and 100% only work in Bitcoin to see what happens, any time you try to go into Fiat it's amazing just how utterly frustrating it is to set anything up. At least with Bitcoin you know when it's done it's done and for the most part people don't demand to know everything about you, even if I may struggle at first because I've accepted Bitcoin I think it's worth it just for the freedom and privacy it gives you.

Oh and using Bitcoin in general is just a lot nicer and you can custom label your money coming in and you don't have to enter in personal details every fucking time you just want to look at your balance >_<

oceans

sr. member

Activity: 406

Merit: 250

I don't have a job but I have bitcoin.

cheri0

newbie

Activity: 10

Merit: 0

Quote from: Malin Keshar on March 24, 2014, 02:56:05 AM

people in my real world have no idea dafuq bitcoin is, except that is something related with deepweb, hitmans and hackers

hahaha understand you completely, it's only my freelance work that is paid in btc

Topic: How many of you work and are 100% paid in Bitcoin? - page 2. (Read 4175 times)