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Topic: Salary Paid in Bitcoin - would you do it? (Read 1324 times)

newbie
Activity: 252
Merit: 0
April 16, 2018, 09:25:55 PM
Bitcoin pay is now accepted by many employees because it has a lot of room to grow.

But some people think that the price of bitcoin is very unstable, not suitable for employees' salary, and if the market falls, they will lose their money.
full member
Activity: 462
Merit: 100
Great idea but it takes a lot more research to do so. We have to consider first how much the salary will be deducted due to the transaction fees occuring when transferring bitcoins. Also consider the cost of how much time wouls be consumed to transfer bitcoins.
member
Activity: 126
Merit: 10
Hello everyone, at present bitcoin has too much volatility, so I can not imagine what I can pay workers in bitcoins. But in the future I think it's possible!
member
Activity: 395
Merit: 10
This is certainly beneficial for me as an investor, but unfortunately, with bitcoin you cant just go to the store, and this is a serious obstacle.
legendary
Activity: 1582
Merit: 1031
iam doing salarys like bountys and offerwalls for btc very day .
its a good free way to make some satoshis Cheesy



regards
hero member
Activity: 1098
Merit: 500
This would seriously push bitcoin forward. I would be happy to get paid in cryptocurrency. And it would greatly improve my investment capital.
sr. member
Activity: 728
Merit: 275
I don't like the idea much because of some reasons:

-> Firstly, the value of bitcoin keeps on fluctuating and then it won't serve as a stable or fixed source of income. In times of downfall in the value of the crypto currency, what will become the secure means of income for us and our families,. how would we get to meet the daily expenses, if the value of bitcoin falls below the minimum basic level as it was a few days back?!? Then it is very risky, of course!!

-> Then if our salary would be paid in bitcoin, then this income will be liable to taxation at the rate of the salary tax.

-> Plus bitcoin is not even accepted as a means of legal tender in our country.

-> Then thereafter, the transaction fees is way too high.
full member
Activity: 448
Merit: 107
Honestly I am confused what will be my answer the other side of my brain will agree that I will be have a salary paid in bitcoin because I knew that it will be a great chance for me to earn bitcoin and its a great investment but the other side will disagree what if that the only way for me  to get my daily needs and also to my family is only my salary and at that time bitcoin is so in dip would I be willing to take the risk and it convert it into fiat money? I think there will be lots to consider if this will happen..
member
Activity: 365
Merit: 10
Paying salary using bitcoin would be a welcome development but it would've  been better if bitcoin is acceptable to buy or local transactions of all goods and services. This is because of inflammation of other currencies. This will also help to buy using bitcoin direct.
member
Activity: 406
Merit: 13
It a good development one to the cryptocurrency network because it will created more confidence in the whole system and again it gives the employees the chance of owing an assets which can grow as the market get higher. And again the bitcoin being paid as a salary to the employees can either be change into faints paper money for onward use or hold as an assets which it is so at that the holder will have two advantage receiving bitcoin as a salary.
newbie
Activity: 95
Merit: 0
A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.
I do not think this is a good idea, if they pay us with Bitcoin, the value of Bitcoin must be the same as paper money. For example, when the price of a bitcoin goes down, our monthly wages will go down at bitcoin prices, I do not think anyone wants this to happen.
newbie
Activity: 112
Merit: 0
Definitely I'll do it because I believe if my salary will be interms of bitcoin it would have a chance to increase its value as long as I should learn to manage it properly. Receiving a salary through bitcoins is a great and awesome idea which everyone must grab.
newbie
Activity: 118
Merit: 0
A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

No, I think it is not a good idea. many people dont know about bitcoin and every country has currency. It is imposible, we cannt to fulfill our needs with it.



I think for this year or after 5 years , bitcoin as salary is not a good idea because bitcoin is not yet stable and not all citizen known about bitcoin. So it take time and years to inform and propely educate bitcoin. If the bitcoin is the salary , the transportation fare , commodities , rents ,etc need to use bitcoin as payment.

member
Activity: 224
Merit: 10
Its a hard question would I accept it... Becouse you can never know, will you have a good salary this month, and so, you cannot plan your budget and expensions, lol
full member
Activity: 378
Merit: 100
I do not think the bitcoin would pay you as a salary because bitcoin value sometimes  down and up rate what about if its getting drops sunddenly and it is your family s expectation for everyday expenses so your salary is actually not good . Its good to know if your salary is a bitcoin when if you have other source of income so you can expect to spend on your bill and pay bills at home.
jr. member
Activity: 126
Merit: 4
Community Manager at Bitsurf.eu
Well, if they're up paying at least 1BTC per month I'd gladly accept it.  Grin
full member
Activity: 546
Merit: 100
If it just for freelancer jobs, why not ?
but if it's a contracts job, which means paid every month.
I think that's not good since bitcoin price is fluctuative
newbie
Activity: 86
Merit: 0
Its difficult to use bitcoin in salary because the price of a bitcoin is not stable what if the employer paid salary to employee and the price of bitcoin is going down the employee will receive not equal to their daily rate.
sr. member
Activity: 1470
Merit: 325
A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

salary paid in certain cryptos is quite difficult and extremly risky for an employers,

its better and easier to reward regarding percentegas of the total income of the company the employees are more motivated this way

https://www.cryptoproductivity.com/single-post/2018/03/04/C-PRO-Lifehack-Rewarding-WorkersAssistantsEmployees-with-Difficult-to-Evaluate-and-Vollatille-Cryptocurrency-Portfolio
I think it would become difficult if the salary is paid in the bitcoin. It can be very hard for those people who don't Know about he bitcoin and how it convert to fiat money. It will be hassle because you need an internet to access bitcoin and to convert it to the country money you need an application. So i don't think it will a good idea

wenn a business for example an online service earns 15 different cryptoucurrencies with its work it can either reward the workers on percentages,

its going to be a better future anyway as less people will then care for national currency but for the quality of the token style.
hero member
Activity: 924
Merit: 500
A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

salary paid in certain cryptos is quite difficult and extremly risky for an employers,

its better and easier to reward regarding percentegas of the total income of the company the employees are more motivated this way

https://www.cryptoproductivity.com/single-post/2018/03/04/C-PRO-Lifehack-Rewarding-WorkersAssistantsEmployees-with-Difficult-to-Evaluate-and-Vollatille-Cryptocurrency-Portfolio
I think it would become difficult if the salary is paid in the bitcoin. It can be very hard for those people who don't Know about he bitcoin and how it convert to fiat money. It will be hassle because you need an internet to access bitcoin and to convert it to the country money you need an application. So i don't think it will a good idea
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