I recently convinced my employer to start paying me in BTC, it has been great

Abiky

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Quote from: upotami on November 27, 2023, 09:03:22 AM

How will you spend this bitcoin to buy grocery ? You still have to convert to local currency with extra fees. Unless, you are saving all the money , it does not make lot of sense.

That's the "multi-million dollar question". Unless the OP lives in a country that uses USD as its national currency, he would be out of luck. The only way would be to sell BTC for Fiat through a P2P exchange, hoping someone makes the transaction. It's easy enough to pay for everything using BTC if the country you're living into has adopted it as legal tender. People in El Salvador and Central African Republic won't have any problems with this.

At least, the OP is off to a good start. Accumulating BTC is way better than accumulating Fiat. Who knows if someday BTC becomes the dominant force of the world economy? Cheesy

kentrolla

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Good that you were able to convince your employer to pay you via BTC but it won't be easy for most of us and almost impossible if one is employed at a large corporate or organisation as they have their own financial system and everything is automated as they cannot pay you in any other mode except the fiat as it looks impossible to me that an organisation needs to first buy BTC or pay to the seller by sharing your BTC address and there are countries where dealing in crypto is still taboo.

But for freelancing, projects and services you can always request payment via crypto of the payer is familiar with crypto else getting payment through crypto is not feasible.

In situation like the current one who bears the transaction fee where it's way too high?

livingfree

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So how's your journey now OP, are you doing good while getting paid by your employer with Bitcoin? It's been a month since you've posted this thread and you've been logged in a few days ago.

I guess that you're enjoying it since you don't have to spend a lot of transfers when you want to buy Bitcoin because your employer is doing it all for you.

With fees now, is your employer complaining about it or it's deducted on you?

Casdinyard

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Payment flexibility in jobs is something that to me is not further taken care of by employers, cause compared to better wages and more serious problems it's something that would get overshadowed most of the time, but goddamn is it so sucky sometimes when you get your payments delayed cause the banks are closed and all that stuff. It seriously fucks with your budget especially if you're someone who's working for a company that pays just enough for you to get by.

Props to you OP for actually standing up and asking for more from your employer, I'm guessing this is because you've been with them for a while now cause I doubt that they'd do this if you're just a newbie or someone on probation. But whatevs, hope this awesome streak keeps up.

Essential10

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Quote from: wd1 on October 07, 2023, 11:06:38 PM

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

Skilled freelancers can earn an average of $1,500 to $10,000 per month. As you are a freelancer your income is expected to be in this range which is a good amount. You are very lucky as you have convinced the company to accept your salary in Bitcoin. However Having clear communication and documentation is of course important when it comes to paying in Bitcoin. Having a system to track exchange rates at the time of payment and having a clear understanding of how any disputes will be handled will be beneficial to both employers and employees.

JunaidAzizi

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Quote from: wd1 on October 07, 2023, 11:06:38 PM

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

This is a small power of Bitcoin which bypasses all the obstacles and give you a straight way. BTC always help its users what if there is no Bitcoin, you will face all the difficulties that come to you but with the help of BTC you are now getting your payment through a straight and safe route and you will change it through P2P when you need it. In underdeveloped countries I see for the time that a company support Bitcoin transactions and payments to their employees in Bitcoin. They are going against the laws of the state because you are living in an underdevelopment country and I think Bitcoin will be banned there if the company makes payments in btc, the company violates the laws and takes a great risk. But my suggestion to you is to be more serious about it and take care of your security and privacy so that the government will not do anything to you and your company.

upotami

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Quote from: wd1 on October 07, 2023, 11:06:38 PM

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

How will you spend this bitcoin to buy grocery ? You still have to convert to local currency with extra fees. Unless, you are saving all the money , it does not make lot of sense.

barisbilgili

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Quote from: Xampeuu on November 27, 2023, 01:57:14 AM

It would be better if our salary was to invest in Bitcoin, especially during a bearish season like now, of course it would be more profitable to be paid in Bitcoin. However, currently most people still rely on salaries to meet their living needs, and most people still use fiat for transactions, so I think for the situation and conditions in my country, maybe a fiat salary is still feasible, and if there is any left over we can still invest it in Bitcoin easily

If we can get payment from the income we get through Bitcoin, of course it will be easier for us if we want to save it and take it only for the needs we really need and we can use the rest as an investment. If we can do this well, of course we will be able to get profits from the investments we make, but it depends on us whether we will be able to restrain ourselves from taking all the income we have earned or not.

HelliumZ

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Quote from: wd1 on October 07, 2023, 11:06:38 PM

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

You may have a great idea but it can create quite a few complications. Since you want to receive your salary through bitcoin then your salary must be received through binance pitoopy trading. Other than that if you accept Bitcoin as salary in any other way then who will bear the cost of extra Bitcoin in paying your salary when Bitcoin transaction fees increase. In this caseIf the fee is deducted from your salary then your salary will be much less than fiat. In this case, you must seriously consider transaction fees. Despite all these problems, various organizations may not be adopting Bitcoin as a payment system.

Abiky

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Quote from: wd1 on October 07, 2023, 11:06:38 PM

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

Congrats to the OP. Not everyone gets the priviledge of getting paid in BTC. Especially, when most employers are skeptical of it. In developing countries, BTC does wonders to low income families. The only issue is paying a high fee per transaction due to increasing network congestion. It's not feasible to send small amounts of money to family and friends through the BTC blockchain with such high fees. If you're getting paid a decent amount of money, it wouldn't matter.

Nevertheless, seeing wages paid in BTC is a very good sign of crypto/Blockchain tech adoption. We're slowly heading into "hyperbitcoinization". If this keeps up, BTC could replace Fiat in the future. Just keep holding on tight, and who knows if you become rich someday? Cheesy

Xampeuu

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Quote from: yazher on November 26, 2023, 03:00:24 PM

That's a great option you have there and when you have multiple sources of income in which you can support your essential needs, it's best to have that total bitcoins salary rather than fiat especially when you want to hold it for the long term because it could even multiple your salaries for sure when you have enough patience to wait. Nevertheless, if you are willing to sacrifice your hard work and save your earnings from it, you better save it in bitcoins because it won't be just secured for you but it has a high chance of multiplying as well.

It would be better if our salary was to invest in Bitcoin, especially during a bearish season like now, of course it would be more profitable to be paid in Bitcoin. However, currently most people still rely on salaries to meet their living needs, and most people still use fiat for transactions, so I think for the situation and conditions in my country, maybe a fiat salary is still feasible, and if there is any left over we can still invest it in Bitcoin easily

yazher

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That's a great option you have there and when you have multiple sources of income in which you can support your essential needs, it's best to have that total bitcoins salary rather than fiat especially when you want to hold it for the long term because it could even multiple your salaries for sure when you have enough patience to wait. Nevertheless, if you are willing to sacrifice your hard work and save your earnings from it, you better save it in bitcoins because it won't be just secured for you but it has a high chance of multiplying as well.

TakeItEasy

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Quote from: wd1 on October 07, 2023, 11:06:38 PM

I live in an underdeveloped country, but I work remotely for a fairly good web development agency. We don't have a lot of financial services/wallets here, so we had to go circumvent a lot of obstacles for me the money to get to my local bank account. This whole process took a hefty fee, and time. And the worst part is the currency is absolutely shit and deteriorating (even compared to other fiat currencies),

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

If your monthly budget is good then it would be better so save them there in the bitcoin and it should be a secured wallet that could give you some hope of a better future. Also you have to start some trading in your free time by just investing these bitcoin or it is your choice if you want to hold them for the future and if you want to sell them and convert them in any other altcoin of your choice to start investing in them. That would also make some money for you. I hope you would also got some knowledge about the bitcoin and about the trading from the start.

So, thinking about at your place, it is so awesome to get the monthly salary in the bitcoin after working for every month. Take care of these bitcoins for the bull season and get the more money.

Youngkhngdiddy

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Quote from: Bitstar_coin on November 26, 2023, 11:45:36 AM

That's the beauty of btc to be honest. Especially receiving money from other countries. Unlike moneygram, western union and other similar cash wire transfers where you will be required to go through rigorous process and procedures btc gives a seamless transfer. It is just a click of the send button.

Some people spread the misconception that Bitcoin has no intrinsic value. The U.S. dollar has no intrinsic value. People give it value because it is supported by the United States, and even more so by the U.S. military. Bitcoin brings a lot of benefits and freedom to its user. Bitcoin is borderless, You can send your BTCs to the other side of the world securely in just 10 minutes. The freedom to live their lives on their own terms. The impacts of Bitcoin are enormous and many find it hard to see that Bitcoin protects fundamental human rights.
Bitcoin promotes freedom. It enables anyone, anywhere to send, receive or store their wealth. It also prevents governments or corporations from meddling in these transactions. If we turn now to the subject of the Bitcoin protocol, mainstream arguments regarding its political dimensions often centered its “absence of interference from a central authority.” That pivotal aspect of the blockchain is negative freedom writ large.

_BlackStar

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Quote from: Bitstar_coin on November 26, 2023, 11:45:36 AM

That's the beauty of btc to be honest. Especially receiving money from other countries. Unlike moneygram, western union and other similar cash wire transfers where you will be required to go through rigorous process and procedures btc gives a seamless transfer. It is just a click of the send button.

This is one of the innovations that bitcoin has brought to its community – of course. Anyone can send and receive bitcoin wherever they are - it's quite easy and simple although transaction fees can sometimes be expensive.

Under certain circumstances - bitcoin may be overlooked by many people for use as a means of payment, mainly because transaction fees are expensive for some reason. I know this isn't a big deal for anyone who is okay with transaction fees - but most users will switch to altcoins that have low transaction fees. Bitcoin can be used as an alternative or main currency - but I'm sure not everyone will be willing to adopt it. The OP managed to force her employer to pay her salary in bitcoin - while some social media influencers or other freelancers may have already accepted bitcoin as a means of payment before him.

Bitstar_coin

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That's the beauty of btc to be honest. Especially receiving money from other countries. Unlike moneygram, western union and other similar cash wire transfers where you will be required to go through rigorous process and procedures btc gives a seamless transfer. It is just a click of the send button.

dunfida

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Quote from: Blitzboy on October 17, 2023, 11:39:15 AM

Quote from: Mauser on October 17, 2023, 08:13:34 AM

Quote from: wd1 on October 07, 2023, 11:06:38 PM

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

That's great news, I am glad that more people are being able to take advantage of crypto currencies. It's these success stories that will keep push the crypto community further and let other people join it. In the end it's up to the average crypto user to try and promote the everyday use of bitcoins and other cryptos. Either through asking merchants to accept our coins as a form of payment or by asking our employer to pay us through bitcoin we can spread the use of cryptos. The benefit of being paid in bitcoins compared to your local more volatile fiat currency could also help your colleagues. Maybe if your employer is open to the idea you could try and get all your colleagues to be at least partially paid also in bitcoin.

Its not enough to just sit back and watch the success stories; we need to become the success stories. Pushing for crypto's everyday use is crucial. How can we expect mainstream adoption if we dont ourselves actively promote and utilize it in daily transactions? Now, onto your point about getting paid in bitcoin.

The potential benefits of such an arrangement are undeniable. But, and this is a big but, convincing an employer isnt as simple as showing them the benefits for the employees. Its about addressing the issues that might arise from regulatory perspectives, tax implications, and the potential volatility. Overcoming these challenges demands collective effort. Why not organize a knowledge-sharing session at your workplace? Dive deep into the nuances, debunk myths, and highlight the potential of a crypto-integrated payroll. The more we know, the more powerful our arguments become.

The thing we do really avoid on when making suggestions is that it could really potentially make us really that being scared in terms of possible conflicts specially against with your employer.You are just basically putting up yourself on possible interrogation considering making out some suggestions as if you do know on how to handle a business but somewhat its not really that bad to make out those kind of recommendations for the better
because not all would really be that too open-minded when it comes to suggestions on which means that people or employees would really be that not that have that kind of strong or dedication
on telling on what are their ideas on mind but rather they would really be just staying up that silent and wont really putting up any care at all.
If ever they would be hearing out some suggestions then this is the time that you would be making one.

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How are you handling your tax issues or are you skipping those too?

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Quote from: Mauser on October 17, 2023, 08:13:34 AM

Quote from: wd1 on October 07, 2023, 11:06:38 PM

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

That's great news, I am glad that more people are being able to take advantage of crypto currencies. It's these success stories that will keep push the crypto community further and let other people join it. In the end it's up to the average crypto user to try and promote the everyday use of bitcoins and other cryptos. Either through asking merchants to accept our coins as a form of payment or by asking our employer to pay us through bitcoin we can spread the use of cryptos. The benefit of being paid in bitcoins compared to your local more volatile fiat currency could also help your colleagues. Maybe if your employer is open to the idea you could try and get all your colleagues to be at least partially paid also in bitcoin.

Its not enough to just sit back and watch the success stories; we need to become the success stories. Pushing for crypto's everyday use is crucial. How can we expect mainstream adoption if we dont ourselves actively promote and utilize it in daily transactions? Now, onto your point about getting paid in bitcoin.

The potential benefits of such an arrangement are undeniable. But, and this is a big but, convincing an employer isnt as simple as showing them the benefits for the employees. Its about addressing the issues that might arise from regulatory perspectives, tax implications, and the potential volatility. Overcoming these challenges demands collective effort. Why not organize a knowledge-sharing session at your workplace? Dive deep into the nuances, debunk myths, and highlight the potential of a crypto-integrated payroll. The more we know, the more powerful our arguments become.

Mauser

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Quote from: wd1 on October 07, 2023, 11:06:38 PM

Recently, I convinced them to start paying me in BTC. I save what I have to save, and convert the rest to fiat via P2P trading. Its so quicker and I get great deals, no more bullshit. I think this has been a great benefit of crypto for underdeveloped nations.

I have been accumulating bitcoin from a long time from my freelance work, but getting paid in it by my regular work feels awesome!

That's great news, I am glad that more people are being able to take advantage of crypto currencies. It's these success stories that will keep push the crypto community further and let other people join it. In the end it's up to the average crypto user to try and promote the everyday use of bitcoins and other cryptos. Either through asking merchants to accept our coins as a form of payment or by asking our employer to pay us through bitcoin we can spread the use of cryptos. The benefit of being paid in bitcoins compared to your local more volatile fiat currency could also help your colleagues. Maybe if your employer is open to the idea you could try and get all your colleagues to be at least partially paid also in bitcoin.

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