How Should Blockchain Developers Get Paid—Crypto or Fiat?

coin-investor

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Quote from: ? on December 19, 2024, 05:09:30 AM

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I'd love to hear your thoughts and personal experiences. How have you approached this, and what would you recommend? Thanks.

Everything depends on your negotiation; if you're hiring, you can put this in the form that the blockchain developer can fill up.
If you are picking a developer on the freelance market or you are the one approaching, then you can see that on the worker's resume. If you want to pay a developer a fiat and you can't see that on his resume, then offering him to pay in fiat is recommended. Many developers can accept fiat and crypto, as long as you agree on the price and the work to be done.

Synchronice

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Quote from: ? on December 19, 2024, 05:09:30 AM

Hello, guys! I'm Vadym from Info-Polus. You can read about us here: https://www.info-polus.com/

Info-Polus is a leading consulting and development company specializing in Web3 technologies and blockchain solutions. We deliver innovative and tailored services to provide our clients with a competitive edge and long-term success in the rapidly evolving decentralized technology landscape.

I asked you about hiring blockchain developers in one of my latest posts here: https://bitcointalksearch.org/topic/m.64792194

Still, I have a new question: How do you think blockchain developers should be compensated?

I'd love to hear your thoughts and personal experiences. How have you approached this, and what would you recommend? Thanks.

I'm not familiar with Blockchain Development but I'm learning web development and I understand basic concepts. Just like web developers, blockchain developers also use programming languages like C++, Java, JavaScript, Python and so on. Since Blockchain Development is a profession of programmers, I believe that it's not necessary to pay them in cryptos. Blockchain is a very wide niche, you can implement blockchain in cryptos and you can also implement in real world to solve many real life problems, like supply chains and others. So, I believe that fiat should be the regular payment for Blockchain Developers, you know, everyone has a family and they have to convert significant portion of their salary in fiat if you pay them in cryptos but if you have the possibility to offer your employs two options, that's great, I'd vouch for that.

Alone055

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Giving the employee the option to choose either fiat or crypto would probably be the most feasible way to move forward in this matter as long as both options are possible and available.

The employee will choose based on their preferences and what suits them better. Generally, people who might prefer crypto payments are the ones who basically invest a portion of what they earn in crypto all the time, and this saves them the hassle of doing that all over again. But it's basically the same thing because if you are getting paid in fiat, you convert fiat to crypto if you are investing, and if you get paid in crypto, you will need to convert a portion of it for personal expenses.

Regardless, if the company can do both, it is better to make it optional for employees to choose either fiat or crypto.

tabas

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In the end, it's still you that shall choose what kind of payment form you're going to give to your newly hired developer. If you want to pay them in crypto and the employee agrees and happily signs the contract, then that's it. But if they counter offer and asks for fiat payment but you're advocating the usage and acceptance of crypto in reliance of the job order, you can also suggest to pay 50/50 of crypto and fiat. Depending really on how both of you negotiate but again, it's still you as the employer that has the final say.

Darker45

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I'm not a blockchain developer so I don't have personal experiences, but is there really a "should" as to their form of compensation? I guess it's open to negotiations, right? But I'm sure there isn't a uniform form of payment for all blockchain developers all over the world.

Or if you're fixed about it or if you're paying in USD or BTC and it's non-negotiable, then it's up to the developer to agree with such term or not and decide whether or not to accept the job or apply for it.

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Quote from: ? on December 19, 2024, 05:09:30 AM

Still, I have a new question: How do you think blockchain developers should be compensated?

It all depends on the company of course, if they have policy where employees can choose what payment method they can accept for compensation or not at all. Most of the time its cash and in payroll cards, now if blockchain devs are able to choose their pay methods, probably there are some few who will choose to accept in bitcoin or in other stablecoins.

dkbit98

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Quote from: ? on December 19, 2024, 05:09:30 AM

Still, I have a new question: How do you think blockchain developers should be compensated?

In hindsight it is obviously better to get pay in bitcoin, but that only applies if developer is willing to hold and wait for price to increase in fiat value.
But everyone is a general after the battle, and developers still need to pay the bills and use money in everyday life.
I would always give a choice and make it optional for developers to select how they want to be paid.

Z-tight

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Quote from: ? on December 19, 2024, 05:09:30 AM

Still, I have a new question: How do you think blockchain developers should be compensated?

It depends on what is comfortable for both parties, i mean the person who is hiring and the blockchain developer. BTC is great for cross-border payment, so it is a good option for compensating developers, if i was one i will receive payments in BTC. Some would also prefer to get paid in stable coins, so they receive a coin that is not volatile and they can convert it to their local currency when they want to.

robelneo

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Quote from: ? on December 19, 2024, 05:09:30 AM

Still, I have a new question: How do you think blockchain developers should be compensated?

I'd love to hear your thoughts and personal experiences. How have you approached this, and what would you recommend? Thanks.

If you are looking to hire, then its your choice; if you approach a blockchain developer through his ads or offer, then its his choice.
Blockchain developers are flexible; many of them are working on freelance platforms like Fiverr, where they accept fiat through Paypal, and they also worked on crypto-dedicated platforms like Banigig, so its easy to deal with them when it comes to payment; they just need a client to showcase their skill.

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Quote from: ? on December 19, 2024, 05:09:30 AM

Hello, guys! I'm Vadym from Info-Polus. You can read about us here: https://www.info-polus.com/

Info-Polus is a leading consulting and development company specializing in Web3 technologies and blockchain solutions. We deliver innovative and tailored services to provide our clients with a competitive edge and long-term success in the rapidly evolving decentralized technology landscape.

I asked you about hiring blockchain developers in one of my latest posts here: https://bitcointalksearch.org/topic/m.64792194

Still, I have a new question: How do you think blockchain developers should be compensated?

I'd love to hear your thoughts and personal experiences. How have you approached this, and what would you recommend? Thanks.

Blockchain development is no different from other IT jobs. In my country, Blockchain developers get paid in local currency or sometimes in USD, they also pay taxes like other people. If it's possible for your job to pay salaries in crypto and your employee wants to get paid in crypto and it won't cause problems with the local government, then crypto payments will be good.
If I were a blockchain developer, I would prefer to get paid in Bitcoin because blockchain developers are paid well and I invest most of my savings in crypto, so by getting paid in crypto, I'd be able to save on conversation fees, I would only convert what I need to last from month to month.

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It depends on which payment method you and your employees prefer. You will be hiring people from around the world who are all into blockchain and that technology has already created a way to send and receive money seamlessly across borders, it's expected that top of the list will be crypto payments as it's cheaper and faster.

Personal preference comes in where there is an impediment to crypto payments like regulations. In this case you'll need to reach an agreement on the next best option.

?

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Hello, guys! I'm Vadym from Info-Polus. You can read about us here: https://www.info-polus.com/

Info-Polus is a leading consulting and development company specializing in Web3 technologies and blockchain solutions. We deliver innovative and tailored services to provide our clients with a competitive edge and long-term success in the rapidly evolving decentralized technology landscape.

I asked you about hiring blockchain developers in one of my latest posts here: https://bitcointalksearch.org/topic/m.64792194

Still, I have a new question: How do you think blockchain developers should be compensated?

I'd love to hear your thoughts and personal experiences. How have you approached this, and what would you recommend? Thanks.

Topic: How Should Blockchain Developers Get Paid—Crypto or Fiat? (Read 112 times)