Will you accept bitcoin as your salary? - page 114.

JeffBrad12

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Quote from: Superways on July 26, 2016, 08:53:19 AM

Quote from: X-ray on July 26, 2016, 07:42:22 AM

Quote from: noictib on July 26, 2016, 05:06:39 AM

Well For me Yes I will Accept My salary As Bitcoin Because I can Exchange Bitcoin to My Local Currency Easily and Bitcoin Transaction are Faster and Hassle Free as Compare to any other way of Transferring Money...

if your point of having salary in bitcoin is to exchange to your local currency then you're wasting of effort and time,you just doing useless thing
and also transferring with bank is faster than bitcoin sometimes

I think transferring via bank take sometime (in days sometimes) and transferring via bitcoin takes only a few minutes so there is no any wastage of time and energy.

Bullshit, how many time bitcoin transaction taking a time?1 minutes, 2 minutes or a half hour and 1 hour or above?
the transaction is always instant in various transaction form .the bitcoin just needed to making a confirmation to make the transaction is legal.

Woshib

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Quote from: groll on July 04, 2016, 08:50:27 PM

In Europe there is a hot new pertaining to a company whose going to introduce paying bitcoins to their employees. But given the instability of the bitcoins market value is it an advantage for the employees or an disadvantage. In my opinion this kind of payment for salary is not yet beneficial to employees not until bitcoins price has become stabled. Though if bitcoin will start to increase its monetary value it can be advantageuos but if not then it is a peril to the employees. So what do you think, what is your opinion on this matter?

It is quite risky to accept to have your salary in Bitcoins.
The value of Bitcoin is unstable, so if it increase or decrease, it may affect the amount received.

Blackmet

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It's okay, bitcoins it's like an easy investment and if i am reciving my salary in bitcoins i am also making invesments without any actions, seems good Cool

dhampir-D

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I could, but not fully. The cryptocurrency needs some price stability first,
this could attract the interest of more people and companies to adopt the measure.

ontrackk

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Quote from: H.W.Z on July 26, 2016, 08:41:01 AM

why not? I can easily convert to fiat for daily spending and keep the rest to avoid losing value.

i think you are right, it would be really cool thing to accept bitcoins as a salary because in this way you would be able to convert it into fiat

rajasumi2

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Quote from: groll on July 04, 2016, 08:50:27 PM

In Europe there is a hot new pertaining to a company whose going to introduce paying bitcoins to their employees. But given the instability of the bitcoins market value is it an advantage for the employees or an disadvantage. In my opinion this kind of payment for salary is not yet beneficial to employees not until bitcoins price has become stabled. Though if bitcoin will start to increase its monetary value it can be advantageuos but if not then it is a peril to the employees. So what do you think, what is your opinion on this matter?

@ thats exactly my point .many people will get angry too and there would pariality between the companies .

roadbits

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If I am ready to take Bitcoin as my salary, But My company will not pay. This is tough to me and also my business. Yes in cash they will pay quickly, but if it is in Bitcoin, they have to calculate each and every person salary in Bitcoin every time. Because the price of the Bitcoin is not stable. This will become a significant headache. So I will not accept Bitcoin as my salary.

Viscoat

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I would like 20% of my salary to be paid in bitcoin. I save save half of that. And I will spend the other half.

fikihafana

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In real life, no i can't. I still need real cash. If you ask me it is not smart to accept Bitcoin as an salary because for me I cannot pay my bills or other things with Bitcoin. Having money is much better to get paid in because it is so easy to make use of.

Superways

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Quote from: X-ray on July 26, 2016, 07:42:22 AM

Quote from: noictib on July 26, 2016, 05:06:39 AM

Well For me Yes I will Accept My salary As Bitcoin Because I can Exchange Bitcoin to My Local Currency Easily and Bitcoin Transaction are Faster and Hassle Free as Compare to any other way of Transferring Money...

if your point of having salary in bitcoin is to exchange to your local currency then you're wasting of effort and time,you just doing useless thing
and also transferring with bank is faster than bitcoin sometimes

I think transferring via bank take sometime (in days sometimes) and transferring via bitcoin takes only a few minutes so there is no any wastage of time and energy. and it is very beneficial to get salary in bitcoin as the price of bitcoin increases and if we keep some of them (which we do not need for our use) then we will get a bigger amount then our specific amount of salary.

mishra1994

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Quote from: X-ray on July 26, 2016, 07:42:22 AM

Quote from: noictib on July 26, 2016, 05:06:39 AM

Well For me Yes I will Accept My salary As Bitcoin Because I can Exchange Bitcoin to My Local Currency Easily and Bitcoin Transaction are Faster and Hassle Free as Compare to any other way of Transferring Money...

if your point of having salary in bitcoin is to exchange to your local currency then you're wasting of effort and time,you just doing useless thing
and also transferring with bank is faster than bitcoin sometimes

Yes its just a waste of time and money as well too much complication will be there in that.The main problem will the fees that the exchange will cost so automaticall your salary will be wasted to exchange them to fiat and also in withdrawal.Also it will consume time so i dont think it will be a good idea.

H.W.Z

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why not? I can easily convert to fiat for daily spending and keep the rest to avoid losing value.

anamie

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Quote from: X-ray on July 26, 2016, 07:42:22 AM

Quote from: noictib on July 26, 2016, 05:06:39 AM

Well For me Yes I will Accept My salary As Bitcoin Because I can Exchange Bitcoin to My Local Currency Easily and Bitcoin Transaction are Faster and Hassle Free as Compare to any other way of Transferring Money...

if your point of having salary in bitcoin is to exchange to your local currency then you're wasting of effort and time,you just doing useless thing
and also transferring with bank is faster than bitcoin sometimes

For me i cant accept bitcoin as my salary because sometimes in my country they have maintenance and we cannot withdraw on the time.

X-ray

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Quote from: noictib on July 26, 2016, 05:06:39 AM

Well For me Yes I will Accept My salary As Bitcoin Because I can Exchange Bitcoin to My Local Currency Easily and Bitcoin Transaction are Faster and Hassle Free as Compare to any other way of Transferring Money...

if your point of having salary in bitcoin is to exchange to your local currency then you're wasting of effort and time,you just doing useless thing
and also transferring with bank is faster than bitcoin sometimes

fitraok09

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Quote from: entrepmind23 on July 26, 2016, 06:22:58 AM

Quote from: Fatanut on July 26, 2016, 04:30:43 AM

Definitely, yes. If I get paid on my day job using bitcoin, then that's pretty good. Tax is a major problem amongst those who have day jobs in most countries. Income tax gets a lot of percentage of your salary. In bitcoin, we don't have any tax as it is decentralized and the government has no control over it. What I have received in bitcoins will be the same value when I withdraw it on the bank. If I get paid on fiat, I will have to pay tax and that's a lot of deduction.

Tax has been one of the reasons why some people from other countries go to Middle East because their salary is tax free. The amount of salary in the contract is the amount that they will receive in their bank account. If they stay in their own country, a big chunk of their salary goes to taxes apart from other deductions in which case the government received first their share even before the employees received their salary. With bitcoin as salary, it would be a big advantage being tax free and who knows the overseas workers might consider going back to their countries upon implementation of this one. But I think when that time comes, the government will act upon it and do something to get their share because they will lose a big percentage of funds when there’s no income tax.

yes. I agreed with you and I appreciate your opinion. the percentages of tax has been one of the reasons the most peoples on overseas would choosing bitcoin as main payments. I see that.

but for me who working at my own country, would prefer to using fiat instead of choosing bitcoin as payment because if a price down suddenly, what does I do? what I will waiting bitcoin up to price up? how long I did should wait.

as example the bitcoin price is $1000 per 1 BTC now, I receive my sallary from my boss in amount 1 BTC. when I receive my sallary I forgot sell my bitcoin to the exchanger, and suddenly bitcoin drop at $750 caused due another. of course I lose $250 from my sallary. and if I waiting bitcoin up, I'm not sure bitcoin will rising in a day or a week. that is it my scary.

entrepmind23

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Quote from: Fatanut on July 26, 2016, 04:30:43 AM

Definitely, yes. If I get paid on my day job using bitcoin, then that's pretty good. Tax is a major problem amongst those who have day jobs in most countries. Income tax gets a lot of percentage of your salary. In bitcoin, we don't have any tax as it is decentralized and the government has no control over it. What I have received in bitcoins will be the same value when I withdraw it on the bank. If I get paid on fiat, I will have to pay tax and that's a lot of deduction.

Tax has been one of the reasons why some people from other countries go to Middle East because their salary is tax free. The amount of salary in the contract is the amount that they will receive in their bank account. If they stay in their own country, a big chunk of their salary goes to taxes apart from other deductions in which case the government received first their share even before the employees received their salary. With bitcoin as salary, it would be a big advantage being tax free and who knows the overseas workers might consider going back to their countries upon implementation of this one. But I think when that time comes, the government will act upon it and do something to get their share because they will lose a big percentage of funds when there’s no income tax.

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Quote from: Whosdaddy on July 25, 2016, 02:15:34 AM

Quote from: Decoded on July 25, 2016, 12:09:13 AM

At this time, no I wouldn't. Bitcoin is so volatile right now, the risks outweigh the positives. Yes, I could make 30% profit in fiat in a day, But I could also lose the same!

I too believe this is not the right time to get our salary in bitcoins. Until we are having all our life's necessary things are available for bitcoin, there is no meaning in getting our salary in bitcoins. Because getting salary in bitcoin and then converting them back to fiat for spending it has absolutely no meaning.

But, getting 10% or 25% of your salary in bitcoin, for the purpose of saving it for long term must be good idea as it has great meaning.

I guess it depends upon country where you are living in. In some countries already all your life's needs are available for bitcoin payments. But I really like your idea of getting some portion of our salary in bitcoin for the purpose of saving it for long term.

noictib

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Well For me Yes I will Accept My salary As Bitcoin Because I can Exchange Bitcoin to My Local Currency Easily and Bitcoin Transaction are Faster and Hassle Free as Compare to any other way of Transferring Money...

Mr.grin

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Quote from: MariusAr on July 26, 2016, 04:32:10 AM

It depends on the way bitcoin grows and how stable it would be, but if it was stable enough, of course .

I think is very good for a while salary with bitcoin for now. 1 bitcoin prices are high now, if your salary is 2 BTC every month, I think that it is very promising to build a better future. if you do not receive a salary with bitcoin, at least, you have to have a higher salary than 2 BTC, but it was very difficult to find a job like that

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Quote from: SANALIU on July 26, 2016, 12:26:43 AM

use bitcoin in my country is not extensive, was limited in the online world to the offline world has not led
so for the payment of salaries in company still using fiat money,
fiat money as an official means of exchange for buying and selling

yes we all have the same problem. in my country there is not a sing department where can exchange bitcoin. actually in our country we have limited use of bitcoin. actually people have very limited knowledge about bitcoin. they do not know about bitcoin so they have not trust on it. i think if they are trained properly and bitcoin is introduced to them properly hope that they will start using bitcoin.

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