Bitcoin Forum

Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it? 

We have a problem to adopt altcoins for wages. Example, if the person have wages for 1000$ per month and you will gave his wages into eth equally to 1000$. The problem is when he cash it out, theres a percentage taken from his capital. So his wages will deducted for that conversion or selling service fee. That wasn't applicable for wages.

Two main problems are the value may fall before they use it and there are not many retail and service outlets that accept cryptos.

I think payments is not possible in such alt coins where movement is high. Constant altcoin maybe considered for it.

Biggest problem is that salaries are usually the people's main income, and you can't really buy a lot with crypto, you can pay it to the governments as taxes and you can't really live on it.
Not only that, there are not a lot of people that will agree to accept crypto as their salary because it's price tends to be very volatility, and most of the people won't afford to lose their entire salary of the month just because they received their salary as an exotic currency.

Yes, wages and salaries can be paid with altcoins, the only problem to be faced will be the issue of acceptance by staffs, but i believe with Dascoin working on a BTC debit/credit card, such issues can be settled, resolved and done with ease.

the future will be about blockchain

I think it's too early to talk about it. Because the crypto currency market is very unstable. Therefore, it may happen that a person when receiving a salary will count on one amount, but will get a completely different and not a fact that will be in the black. In addition, a number of states do not unequivocally assess the development of crypto business and take steps to block, in this connection, people can not withdraw their funds.

It can be a good way to promote altcoin or cryptocurrencies in general, the only drawback is its price volatility which will affect the wages if converted to fiat unless that an individual is willing to have a certain amount of altcoin/token with in a month or payout regardless of fiat conversion. Also the acceptance of many people in cryptocurrencies, there are still many people that are dumbfounded or does not accept it. But if it will all change then the advancement and future of cryptocurrencies will change.

You can do this.  The biggest problem is if your employee would want to accept an altcoin as payment, as usually all coins need to be converted into Fiat anyways in order to pay for most things, and the trading could involve some waiting, or loss in pay if a coin falls in price.  Also the problem with needing to pay taxes on the cash you pull out, assuming you will be paying proper taxes to begin with, would mean the employee would be double taxed if they were paid in Cryptocurrency.  It will work better in the future assuming a few cryptocurrencies take off, and could be used to pay almost everything. 

The volatility problem could be solved by pushing the market value with supply held by the developer , for example ripple. The real problem are when there only few people who interested to use and adopt it even they know already the price would have less value movement, in the near future I feel pessimistic.
Second one , crypto currency well known as a tech savvy thing , the traditional people would reject it.

The high volatility of the market,because what if someone who doesnt know the market volatility received some altcoins,lets say LTC for about $2k and the market crashes and its valie falls below $1k what would he think? someone has stolen his salary that is why cryptocurrencies are too much for some of the people who doesnt know how it works.

You can if the market would be stable which is quite impossible because we have a small marketcap these big players an easily dump bitcoin's value that is why it is too risky and wont be possible as of the moment because it might be the reason why these workers are going to lose their money if the market has been dumped by those whales.

I think that today this is impossible, because many countries have not adopted the law on the crypto currency. In addition, I don't see the point, because the crypto currency has a very wide application. Don't take crypto only as a payment tool.

The main problem with Altcoin is volatility, because weeks ago the likes of Ethereum, Bcash and Dash were all above $1000, just imagine the fiat value that all these tokens have lost, if you were paid in BTC when the price was above $15k then you have lost 50% of your income. For now, that won't work because the price swing is too high

We can I think but the main problem is that when altcoins drop its price it loses its value, those who earn their wages from this altcoin will also lose lats of money with doing anything. sad

I don't think anybody want their wage as altcoin. Which coin do you have in your mind for this work?
I don't see any stable altcoin in the market. How can you calculate wages and budget?

No one would like it. Altcoin price as depleting once in a while. Getting paid with your own currency is sufficient. This will cause a huge uproar if the alt loss its value. Besides no one accept exchange from alt to cash.

Altcoins unstability of value is not fitted for a regular monthly wages and salary. People needs fixed salary for fixed expenses like bills, food, clothes, rent, etc. It is not possible that you would eat three times a day this week and once a day next week because of the value. Theres some social experiment on youtube about the salary agreement on cryptocurrency. Find whats the reaction of the employee.

It can be done but the question is,do you think you can handle 90% loss when the altcoins has been down? for example an employee has receive $1k for his monthly salary,would he want to have $100 instead when the market or bitcoin's value has dropped to 90% ? nah,it might not be possible as the people are more dependent to fiat.

Fiat money is slightly volatile too. I don't see the problem to pay wages in the shape of altcoins, if the worker agree to receive a crypto currency. Take a look at the bounty hunters. They work for tokens very well. In addition, these tokens are concerned to some startup company and probably very promising, therefore the price of the earned tokens can grow, so the wage will grow too.

The concept is quite achievable to adapt altcoins as payment for wages but there are still a lot of risk involve, as the cryptocurrency is now a mainstream it is still not clear on how to correct its volatility, it is always unpredictable unless when the currency is only acceptable within the ecosystem and the exchange rate is always justifiable like a direct exchange of 1 apple to 1 altcoins regardless of inflation outside of the ecosystem.

An interesting concept but I think its too early for the following reasons:
Volatile market
Not many places where altcoins can be used and there is a fee for turning alts into fiat
When translating the salary from alt to fiat most likely there will be a loss
Still, a majority of people do not understand crypto and so would not accept it
Legislations would probably need to change because wages are taxable

it could.. actually it is already happening...

Some companies in Japan are already adopting cryptocurrencies, bitcoin specifically, as salary for their imployees. There are also jobs online that you can get bitcoin for salary. What people see with crypto used as wages is that their money's worth may increase in time if they don't use it. So they are encouraged to save their cryptocoin and spend fiat. This holds true for bitcoins, but for altcoins, we need to establish a coin that is stable enough not to crash right after you receive your salary. So that means it has a long way to go.

Yes, it is always possible. Problems can consist of competitors who also want to make their crypto currency into circulation, so it is difficult.

ethereum ? yes other idk , but it depend on the people you are paying with altcoin as if the price drop a lot they wont ask for more

Their will be a big problem knowing that if they will pay you in terms of altcoins, you might receive a less or more than its value if you can't cash out immediately.

It is possible to used altcoins for wages because cryptocurrencies is an advanced money and currencies and things are actually improve and I do believe that time is coming when it will be adopted. I believe that if bitcoin can be stable every other coins can be also stable and we would be able to come into governments understanding to used cryptocurrencies.

Well, I think many people could agree to salaries in coins (if they are solid, of course, not some new ico tokens). Some will prefer fixed salary in, say, eth, while for those who don't like volatility there can be made a salary fixed in fiat, but payed in an altcoin. I don't see many problems with that. Perhaps, for now the biggest one is that one has to sell the coins for fiat anyway, because they can't be used as means of payment almost anywhere. This connects us to the next problem of using exchanges and thus getting quite some fiat onto debit cards, which will look suspicious, since salary cards should be designed specifically for it. What I am trying to say is that for now receiving the salary in cryptos would look illegal and shady.

Strongly agree. Our wages or salary is stable while when they paid us in bitcoin it might end up that it will not reach our agreed salary and that might be the start of the problem. Crypto's price as we all know are volatile, we may be happy if it turns out that btc's/eth's price pump high because our wages will also increase.

But then again, how about when it is at the dump situation? And also, it is not that convenient to transfer money in different banks and then wait in line to withdraw it or even in different money transfer.

I still choose and considered my salary as sent to me via atm card as real money and will just withdraw it as paper money. It makes me feel more comfortable. It may possibly be adopt altcoins or btc as a payment in the future but our world is not yet ready for that.

I don't think altcoin can be adopted to pay wages, crypto in general are volatile bitcoin can't be adopted for now. Had it been crypto is a fixed currency it would have been better means of payment.

salary or wages in the form of altcoin I think has yet to be applied. the main reason, of course, is that many people may not interested and some countries also still forbid it. In addition of course, because altcoin owns fluctuating value.

Depends on the job/salary.

For gigs/small time work, it make sense but I don't think we'll see career job salaries being paid in crypto any time soon.

Main problem in adopting altcoin as a form of salaries is that crypto is not yet adopted throughout the world and its hard for a certain person to convert his salary into cash. As we all know crypto price always fluctuates so I guess its not advisable that salary is in a form of altcoins. Our wages is of its fixed price and when it is in the form of crypto tendency is that it will lessen or if its in a high price it will probably high also and I think is better.

Sure you can pay your employees with alt coin depending if he/she agrees with it and must be knowledgeable on what kind of alt coin is that.


You might get a law suit from your government agency from doing this. Most countries doesnt have a law that you can pay your employees with crypto currency.

I highly doubt it. The extreme volatility of the crypto market is one of the primary reasons why this will not happen anytime soon. Bitcoin itself has not gone mainstream yet due to its volatile nature, high transaction fees etc which is why altcoins being adopted as a payment method to pay wages might happen sometime in the distant future. Coins like Litecoin, Ripple, Dash, Monero etc could possibly be adopted in this scenario due to their popularity. Whatever the case, I am not interested in altcoins being used to pay wages. Instead, I am more interested in Bitcoin going mainstream at the moment.

How many of you here would prefer to be paid through altcoins?

I imagine PayPal is just too convenient right now, despite its huge fees.

This is the difference from the legal currency. No one in the digital coin can control whether it is going up or down. For the real world people prefer to get paid by stable coins.

Many problems to adopt altcoin as a means of payment of salary or wages. Actually it could be altcoin used for payment of wages or salaries, but it can happen if the government legalize it. In addition, the salary recipient is also not necessarily ready with the rising risk of price turunya. For example today they receive a salary, then the next day the altcoin price goes down.

Yes price fluctuation is main factor in adoption.

Wages are subject to the laws of the state. The employer has to pay social package and you have to pay income tax. How do you imagine doing this with altcoins? How will the courts consider disputes on violation of labor legislation? It's not real. I don't even consider the volatility of cryptocurrencies.

in my opinion it could be. even I've read the news that there are companies that pay employees with BTC in one country, but I forget exactly where. which certainly the country has legalized bitcoin.
if for a problem that will arise may be in my opinion, income will be accepted. because the price of fluctuating bitcoin will make the income so uncertain.

You can only if the market is stable. But this is practically impossible, given the small market capitalization of large markets affecting the cost of bitcoin.

Why not?

If your employees are ready to accept payment in cryptocurrencies, then there is no harm in adopting an altcoin for paying the wages. But since, cryptocurrencies are highly volatile, it is highly unlikely that anyone would be willing to take payment in predefined amount of altcoin. But you can set a dollar value and you can pay in altcoin equivalent to that dollar value. Else I don't see people will be willing to take a payment in something that could go 50% down or up the next day.

very difficult. Because altcoin and all pennies in crypto are unstable every day. It can be down to less than 10% per day. So if the price goes up then the payee will get more profit. And if prices go down they will lose money. So it is very difficult for them to pay wages with altcoin

An excellent option for promoting altcoyin and crypto. The only drawback is price volatility, but this is a normal situation.

I do not think any benefit from paying with altcoins. Usage ares are limited sooner or later you have to exchange it for fiat money. Also, it can be painful with the tax related issues.

Possible it can be made through pay wages the only problem of altcoin are the unstable value of coins in digital market. In this situation few people will definitely not interested in this kind of strategy.

Do you think that getting a salary in Fiat is not related to taxation? Lol. The portion of taxes pays for you the employer and the part you pay personally. A lot of people don't even think about it. They do not worry about the money that the employer pays. But that's your money, too. And they are paid from your income, but you do not see it.

Using cryptocurrencies as wages have risks. We all know that the market is very volatile. Every minute, the market price changes. I doubt that it is a good idea for now to use cryptocurrencies as wages. Maybe it is possible if the amount of coins that will be given as wages is equivalent on the current market price during the payday.

There is one biggest obstacles - taxes. You have to get paid in currency in which you can also pay taxes (primarily income taxes). It is a core principle of all economies in the world. Therefore the first step is for states to accept cryptocurrencies as means of taxes. And of course volatility is also my concern.

Yep depends on the country you live in - Taxes etc and how the country handles Crypto? Is it currency, and asset, token, security?

No.because wages are in fix amount..altcoin is volatile..this can only be adapted on crypto company but in others it would be impossible,,also others dont have an access to internet while others are uneducated,,so it will be hard for them..

In addition to the issues mentioned; employee acceptance, value fluctuation, etc... I think the biggest challenge would be meeting the legal requirements of many countries such as minimum wage, deductions for retirement and healthcare, and taxation.

A combination of wages/salary in fiat and bonuses in crypto may be the best option for business wanting to go that direction. That would taxation models etc. based on the allocation of stock options and other benefits.

This is inexpedient, since the price of altcoins constantly jumps and it is not stable. I think people will not be happy if each month they receive a different number of coins.

Interesting proposition.
However to do this alcoins must be legalized by any number of governments.
Also altcoin for this issue should has stable market and should be converted in cash at any time.

I think the course is slightly to stabilize before starting such innovations. And then just hang accounting making adjustments.

It would be very tricky and perhaps somewhat unfair to people who do not want to join the crypto world.

Following problems can occur:

1) All people would not accept getting paid in crypto because of price fluctuation.

2) There can be legal issues also as all countries do not allow this as per wage laws.

So it is not appropriate if altcoin is made at nominal wages, money must be clean in that amount, usually coins can be called for investment so it is more suitable to invest when done as wage payments that are likely to fall or rise after received by the person no matter if the price rises if the price goes down it will be your inconvenience as CEO there will be complaints everyone, for me it is not right because the wage payment is very risky to go down and may be confused plus cutting each transfer, and will cost a lot.

I agree with your point. Everyone wants a stable salary. They do not want their wages to be based on the Crypto market. In addition, employees are not involved in the Crypto market. So the transfer of their salary by coin is a very complicated thing. The process of remittance is very long and takes quite a bit of money.

I don’t think that most of people would agree on that, plus you need to be educated to handle it.

Let me share this precious Air drop and bounty info with you guys!!

There is the KStarCoin which is from Korea.
They already have 8million users! Feel like it’s legit.
They say they are gonna crowdfund to hold K-pop concerts all over the world.
I saw their white paper.I think they have clear vision for themselves.
It was easy for me to make coins from there. You can just join the chat room
until the pre-sale is over and that’s it.
Another way was signing up for the website and share it on SNS.
If your friends join, you gain more. The more the better, guys!! I already got some.
Good luck guys!

- Air Drop : https://t.me/joinchat/GeOUSUZPyVpuOHvUMHmKkQ ◀
- KStarCoin personal downtimes : http://k-co.in/uYDImJcT ◀

For sure it can be done. And Japan is already doing it. The thing is the world is trying to figure it out how and what to regulate right now. Because crypto is a volatile market, the people's salaries cannot be. People need certainty, like the certainty that they will be able to buy food with their last month's wage. At the moment it can be done, at least partially.

Well, theoretically, why not. It's just that it will not be very stable. When altcoins will grow the salary will be very high and vice versa at the low drop

Right now large companies would attempt to use cryptocurrency at these kind of utilization, because of the less risk they  could get involved with it. If coins would be much more "stable" not just in price but also in the network then people could start moving forward on using this now as a wage or salary. However we also need first to fulfill its purpose of being a money first, before it could reach up in companies one by one.

for now, i think it is not suitable for pay wages because the price is unstable.
imagine that when you received your wages, bitcoin price is usd 8k. A few days later when you want to buy something,
you sell your coin to usd, but its price already down to usd 6k. too volatile.

I guess I would never agree to get my wages in altcoins, as long as I'm not able to pay with alts for services and goods I use in everyday life. I prefer money, as it is more stable and also it is accepted everywhere.

Every person pay income taxes. But how can a person declare crypto earnings? From the point of view of any country’s government it is money from nowhere.

The problem is that you can't pay for many items in crypto yet. If not, then for sure. I'd love to get paid in LTC or ETH!

Of course, there are no problems in this, it is only necessary that the government recognize a certain cryptocurrency as the legal tender in the country and adopt a number of regulatory laws. There are already a lot of polls conducted by journalists and just enthusiasts and the results of these polls show that more and more people are ready to accept cryptocurrency as a salary for work and use it as a means of payment when making a payment. Already now you can pay for some purchases on the Internet with the help of a cryptocurrency, pay for services or replenish a mobile phone account. Even a year ago, many could not have imagined this, but now it is quite normal.

Yes the problem is, there are only few coins which are being accepted widely.

You can just get the subcoin in to make the investment not to pay the fee. You can get in pay the fee. In the crypto money world you can do what you want infinitely. Be careful not to lose money while doing these things.

It can be implemented if there are already regulations and if cryptocurrency reach an 80% rate adoption. Cryptocurrency at that time will be stable because it is now widely use and it is hard to manipulate because the supply is already scattered all over the world.

I think the main problem is with what you pay your wages. If all agree with a certain altcoin and a certain amount I think it will be very easy to realize.

I think for now it will be complicated to do. Not a complicated system but a way of calculating the amount of salary itself, because the standard of salary is certainly measured by many factors including inflation.

Yes, I think it is possible to adopt altcoins to pay wages. Take a look at the bounty campaign, it's like working and getting a salary with altcoins, but the problem is that you do not know how much you will get for your job since altcoins are not stable.

I do not think that this was possible because the price of the altcoin may changes time to time and some of them dont want to change the price of it but stable unlike with real money it is much more stable

I think the problem is that almost all goods and services are rewarded with fiat money. I think not everyone is willing to accept salary with crypto.

It can be done but may be limited to certain communities or companies. Not everyone is willing to bear the fluctuations of altcoin and I think not many real sectors accept altcoin for the payment of goods or services.

At the moment I only see cryptocurrency working as mean of payments for wages in freelance jobs, mainly because they are likely to be one off payments. For recurring wages though it's a risk to receive your pay in crypto due to the fluctuations, plus you'd have to make sure you're paying all your taxes and if you're on the UK, national insurance too.

If we reach a stage where most places accept crypto as payment it may be more viable as you'd be able to spend it, rather then cashing it out for your currency as you would do right now. Maybe in a few years as cryptocurrency continues to evolve and adoption gets pushed further it may be useful.

I think this method of payment will suit freelancers! Less red tape and bureaucracy! Officially I think it will not work out.

No we can't pay salaries in altcoins. They dont provide stability, security and other important factors needed to do that.

Of course it is possible ;) But not everyone will like the high volatility and transaction speed

At the moment, getting paid in altcoins is very risky. Cryptocurrencies have a fairly high level of volatility, for this reason, the change in their value is quite difficult to predict. Problems with taxation, you should take into account the fact that the procedure for taxation of cryptocurrencies is not currently defined. It is important to remember that there are no legislative acts protecting the rights of holders of cryptocurrency.

It could have been. However, it will not be applied to everyone. not everyone likes altcoin because maybe they didn't know or didn't even know about its potential. they know altcoin is at high risk due to fluctuations. Maybe that is the problem for them because if there are fluctuations mean their salaries have a value which does not remain if realized by real currency.

I don't think so that most employees would agree with in getting their salaries in form of altcoin, as there are thousands of altcoins some are useless, not worth. Secondly, the altcoin price is highly volatile if the market is in blood then people won't be happy on this and can't wait for the market to recover and no one knows how much time it can take for the market to get stable. Another issue is cashing out altcoin first search for the exchange on which altcoin is listed, create an account, exchange it for Ether or Bitcoin then transferring to another exchange convert in fiat & withdraw to bank account which might take up to 1 week and this might be a headache for a layman to go through cashout process.

I think that would be perfect. IMO a stablecoin is the perfect solution for all of this. At the end of the day we all hate price volatility especially if you're getting paid for a living. I'm a big fan of Havven and their stablecoin.

You should look into them. Great project, team, and development.

https://www.newsbtc.com/2018/03/05/havven-decentralized-stable-coin-ico-successfully-closed-raises-usd-30-million/

I don't think that this is good idea. The altcoins are way too violate and this would be big problem when talking about wages, because they have to be steady.

Curentlly its not a good option, first because crypto is so volitile, and second because its still not user friendly, you and your friends might know how to use it but what about 50yr old average Joe whos not good with computers. It is possible in the future for sure, but we are not yet there

This is a two sided coin. You're looking at it in one perception. What if after the wages has been paid in ETH and there's rise in the price of ETH, don't you think he will have more than $1000? What I understand is that if wages are being paid in ETH you can't get the exact value of what you worked for. It's either you are over paid or under paid.

Altcoin, the rise and fall is rampant, users might gain a lot in the little work that they do, example, When the price of the token rise at a greater percentage, LOL that will be a massive profit earned. What if the price falls drastically at the end of payment. I am not sure this is a good idea. But in the future, measures can be put in place to make it 100% successful.

I think it is hard to adapt altcoin as mode of payment for wages,there are many things to consider in this,one is the price of altcoin is not stable.

Actually yes, altcoins can be used to pay wages but it would have to be good altcoins like ethereum because no one wants to accept a scam coin or dead coin as a wages. It can be done. Not yet though, cryptos still have a lot of growing and a long way to go.

I don't think that everyone is willing to accept altcoin as a salary. After all, its price has not stabilized. Maybe it will be possible in the future, but it will take a long time to solve the existing problems.

Are not. I do not think that using Altcoin to pay is a good thing. If you use Altcoin to pay, it will not be attractive to employees, because now, the value of the Altcoin is unstable. Workers will not be able to take care of their family life unless they know how much money they can earn in that month. They will worry and choose another job. Altcoin should only be used to pay for those who work and want to collect Altcoin. I think it is good for the manager and the worker.

In fact, some companies are already using bitcoin to pay their employees wages in Japan. I don't think there is any problem. The only problem is that if you earn $2,000 a month, you can get a salary of $1,800 or $2,200. Because the price of bitcoin has been fluctuating.

First of all, It is okay to adopt altcoin but as of now it is not stable to make it as a salary wages. But it is okay in a long run.

probably a reasonable idea. but of course, the problem fluctuations become a difficult problem is received for that pay. maybe many feel objections because prices always fluctuate erratically. This will also make the income they have no fixed value.

This is exactly why this is not feasible in the present scenario. The extreme volatility of this cryptocurrency market is the primary reason why Bitcoin and altcoins cannot be utilized as a method to pay wages currently, but it can certainly happen in the near future in my opinion once the market exhibits lower volatility. Additionally, features like lightning network, segwit wallets etc will help in dropping the transaction fees and transaction times making it much more feasible in the future. As Bitcoin adoption grows over time, altcoins will continue being adopted on a global scale.

Yes it seems to me it will be very difficult. The course is not permanent and needs to be adjusted. And they can not pay with the store, so it's not very convenient

nomin or nUSD, which you mentioned has release date on June 11, when Havven payment network will be launched. Like you, I also see great potential in stablecoins and I'm holding my Havven tokens from the airdrop. I'm excited to see how the launch will go and if the nUSD will fulfilled expectations and work as promised. The stablecoins could be the method of payment if they succeed to provide stability and security.

the people's salaries cannot be. People need certainty, like the certainty that they will be able to buy food with their last month's wage.

The biggest problem that can lead to this style of payment is liquidity, where we receive an amount and for market reasons the currency appreciates 10x or 100x, but it can also depreciate in the same proportion. Thus, it can generate problems and disorders in the cryptographic world, but it may be an idea to be debated where only an altcoin with minimal liquidity becomes a payment standard.

The biggest problem that arises is the volatility of the cryptocurrency exchange rate. If the rate only grew, there would be no problems, and since the rate may also fall, then paying wages in cryptocurrency is not an option.

It depends on teh contract of a specific establishment or business that would offer jobs to people. If they would support it there would be a bigger chance to make it possible in reality in the near future. But is also needs mass adaptation of people who want to have a cryptocurreny base salary in exchange for their work or service.

In my opinion the biggest problem will be price volatility, altcoins can change own price even a few times. If the salary in the altcoins would not change one time you could get more but sometimess you could get less. So for me better option is getting money in normal currencies

I think if you want to pay salaries with altcoin you have to consult and ask your workers to receive payment using altcoin or not, if they agree then it does not matter if not agree yes it will not be so everything should be considered.

I think the current use of altcoin to pay wages cannot be achieved. Not to mention that many people do not trust altcoin, and the volatility of this market is not small. The price of altcoin is not stable.

Altcoin is a project that belongs to some number of people who have the bigger share of this currency, because they have created it, obviously. Which means that the rate and value of such altcoin won`t be stable, that leads to no stable wages.

This is inexpedient, since the price of altcoins constantly jumps and it is not stable. I think people will not be happy if each month they receive a different number of coins.

Almost nobody will agree to be paid in altcoins or Bitcoins. The cryptocurrency prices change all the time, and it is impossible to define the size of the salary. This idea is insane. Only fiat can be used for wages.

Yes, we can pay wages in term of altcoins but there can be many problems . Prices of altcoins are not fixed and we have first convert them to use for our basic needs and for that one may have to wait long .

The correct decision in the end will be to transfer the national government money to cryptography. The Chinese yuan, the US dollar will eventually become alt altcoin. Then the salary will be paid by the Altcoins.

If both parties are paid or pay agreed then with altcoin is also not a problem. of course, this will be a great asset for investment. However, the amount should match the salaries in General and not based on the number of altcoins. Maybe some people let alone the crypto world knew would agree with that.

The problem is huge volatility and that many altcoins can simply disappear in one day. Even if Bitcoin is not yet used to pay salaries, what is there to talk about here?

My opinion is quite possible, I even think that it will soon be so) Cryptocurrency is very popular now, so perhaps we will pass to the fact that altcoin salary will be very important for us

in my opinion, if payment is not possible in Altcoins as where motion is high and the main problem is its value may,
go down before they use it and not many retail outlets and services are receiving cryptos.

I think, of course, the cryptocurrency is getting more and more introduced into human life every day, but our longitude mentality is taking a new one, that's why I think until people are ready for salaries with alcoins. I would like to see whether we will pass to this.

I think rules and regulations of the banking system would be the first thing that we will need to overcome. Whether they are happy with it or not. I mean once the employee gets his salary then they might go and do mass conversion to fiat and bank may not like it. Then what reasons we can give up front?

Plus professional jobs are very much straight forward when it comes to the paying of taxes and stuff like that. Things may get conflicting at the end of financial year. In addition to this employee must agree on getting paid with altcoins.

No, they're too volatile, nobody wants to see 10% of their salary disappear and they'd just be converting to fiat straight away anyway so what's the point.

If the employee agrees (because the encryption price is not stable) then the boss can pay any kind of cryptocurrency. If someone really does this, then there is currently only USDT that can do it!

It has been a thing ever since bounty campaigns started related to cryptocurrecny. The rewards were always altcoin and have a very occasional moments where they pay BTC but most of the time were altcoins. But regarding non-cryptorelated jobs and regular jobs I think it would not be possible because it requires to be stable and reliable.

This can be difficult. If I lose money when I receive my salary, it seems unfair to me. Money is lazy. I hope it is active. So, unless you reach a consensus that you are willing to take this risk, not everyone can accept this. Of course, the coins will go up, and those who get him will be happy!

Should be left for people to decide whether they want part of their salary in Cryptocurrency or not. They should be thoroughly informed about the risks and benefits.
I would suggest having small percentage(10-40%) of ones salary in Cryptocurrency.

Maybe in future it will be possible but at this moment i can't imagine how it can work. There are so many people who don't even know what crypto is)

We most certainly can pay salaries with alt coins, but it will certainly have to be connected to a stable coin to protect against market volatility. The day will soon be here!!

Tax would be an issue. Like cash in hand jobs it would be open to scrutiny from tax officials. Also you'd have to decide if the salary is pegged to usd or other fiat to account for price fluctuations. Also you'd have to think about related benefits like workers insurance, retirement or annual leave accruals etc.

But once these issues are sorted I'd see no reason why not.

It is a little difficult to pay salaries directly by using coins now, because there is no relevant policy to implement them. But in private, as long as your employees are willing to do so.

i think using blockchain is good but if you pay wages and salaries with a volatile coin that would bring risk on the part of the worker. no worker will accept an indefinite amount(except the bounty hunters). workers must have the security that they will be paid based on what they have worked for.

I think this payment method will be very good if done, in addition to cost-effective and very fast transaction. but not everyone likes altcoin because maybe they do not know or even do not know about its potential in the future. they must know altcoin is at high risk because of its fluctuations. but in the future these steps can be done to make it 100% successful to be carried out properly.

I don't think it's very realistic. You can't expect your salary to go down when they get it.
And it may face tax evasion.

Yes, it may take a decade, or a little faster than five years, the cryptocurrency will replace cash. Are you ready to accept it all?

I think we can do that but the mere question is “Does the labourers or the employees will like it?”,
remember not all people are not yet inform in the legacy of cryptocurrency and its function in the society.

When you do bounty campaigns you are receiving something like salary. Do you like it? I think that more people would like to receive USD because tokens in most cases go down and down.

Yes it's possible, but the thing is... that alternative coins need a stable value or what I mean is, the circulation of that specific coin is good and the community is already welcome it in some ways. The only problem is, many people is crab mentality and trying to burn out other successful works like this one. But who knows in the future?

You can just get the subcoin in to make the investment not to pay the fee. You can get in pay the fee. In the crypto money world you can do what you want infinitely. Be careful not to lose money while doing these things.

I think we cannot adopt that because not all people can easily used alternative coins.
Many people are not well inform in technology which is a huge factor to be consider as a disadvantage.

It seems possible. It probably depends on the acceptance of the employer. In addition, the problem may be the possibility of paying cryptocurrencies for work in the country of the employee. There are still tax and other issues arising from labor law.

Oh yes of course. I think we can do so. I think the only problem might be the volatility. Even with that one i don't see it a huge problem. Your payer won't need to set your payment at a fixed value, that's all. Your payment needs to be pegged to the current market price of that particular coin it's paid in

I think that for us it is still very far away, because many people of older age and they do not even use the Internet, it's too early for us, but in the long run everything can be!

I think there is a possibility that the alternative coins can be used as a payment in wages.
The big thing is not all people are applicable to used it since not all of them are informed about cryptocurrency.

Yes I really agree with your opinion that is one big problem because the price of altcoins are not fixed.But I think if it is legal in the whole country and the price are fixed that is better for us.

Volatility will be a major concern. Suppose you will give 2000 Fantasy Gold Coin per month to the employee as salary. If the price is down, employee will be concerned and if price is too high, you might feel foolish giving away that much :)

i think that it all depends on the way that you are going to pay them and if the employee agrees on that, otherwise i dont think that it is good

At this point it is hard to consider altcoin to pay wages specially the value is volatile. Not all basic commodities can pay using altcoin. Maybe in the future like 10 to 20 years from now once the value of altcoin is stable and we use it as currency a replacement of paper bill or other method of payment.

Under current circumstances, any such move can be extremely risky. Because the exchange rates can go up or down by 10% in a single day... so if the wages are made to someone, the chances are that he may get a lower amount by the time he converts it to fiat.

Not in my country. Only a handful of merchants accepts crypto as a means of payment thus employees would find a need to convert it to our local currency. Besides, the volatility of it would pose a problem determining the exact salary of an employee.

      As per news from Japan that some Japanese Company offers Bitcoin for wages payments but it is optional of employees, so it is all the of risks will be shoulder by employee since the price of BTC is not stable,and any problem encounter after payments is also absorb by employee, any this is not compulsory to all.

You can just get the subcoin in to make the investment not to pay the fee. You can get in pay the fee. In the crypto money world you can do what you want infinitely. Be careful not to lose money while doing these things.

Currently, wages in the crypto currency will not be very convenient for employees. I think that it would be advisable to introduce such a form of payment, when the crypto currency can be paid everywhere.

Of course, we can! But in the current state, where billions of people have not even heard of altcoins, would it be positive? Maybe just like a "pilot project," but not for everyone at this moment. I know that there is a company in my country which enables their employees to be paid in a form of BTC or other altcoins, which sounds like a brave move from them. On the other hand, why not? The world has been already changed by several freaks, so this might be a new opportunity to do so as well  ;).

Yes, we can adopt the alternative coin to used as a payment for wages in their employees
because they give a chance each of them to have a better life and serve a great deal in future needs.

I think for now it will be complicated to do. Not a complicated system but a way of calculating the amount of salary itself, because the standard of salary is certainly measured by many factors including inflation.

 Yes , we can effectively pay salary and waves with altcoins using the Ethereum smart contract ERC20 blockchain technology. The Ethereum virtual machine(EVM) will be able to generate the various contracted salaries and wages and make payment to the programmed beneficiary. If adopted it's going to be an effective and decentralized approach to salary and wages payment globally.

I think the course is slightly to stabilize before starting such innovations. And then just hang accounting making adjustments.

the majority of people have a fixed job more than anything else for stability, so that you could pay wages with altcoins, It has to be a very stable one and I don't think that this will happen in the near future, maybe in about 5 years, when the regularizations are put in place and the market stops being so volatile the companies can offer this means of payment.

This is possible but if you accept this form of payment, the risk is huge because we can not predict the value of Bitcoin. For me should only accept Bitcoin payments for overseas workers because it is the easiest form of payment without spending too much time on a transaction. I believe that this form can change the lives of many people because of the high inflation of the currency

This argument has been ask a lot of times in this forum. And as I have told them countless of time, it is possible not only possible but it is already happening but we don't seem to feel it because not all people can adopt it. The main reason is that altcoins are too risky. And its value is too inconsistent. Unless a coin hold its value over a year then it would less likely possible to be adopt by most employers.

We can effectively adopt altcoins to pay salary because of the decentralization nature of altcoins. The Ethereum ERC20 smart contract virtual machine could be a powerful means of salary and wages payment method to adopt.

Well adopting this kind of system in paying the wages, might face some problems. One of these problems is that the wages might change as time goes by. It can be either negative or positive. Yet the management of the wage depends on the holder or the worker. He can control whether he will withdraw it with the small price or wait a little longer yet his wage will wait as well. Another one is that, some altcoin might disappear, and adopting this kind of system will also make the wages disappear.

Everything is possible in crypto because all of coins are currency and when you call currency that means money,but the problem is the adaptation of the whole world for this altcoins act as what they are designed for,if only the world will accept the technology together with the services and products they represents maybe this question of you is happening sooner

No, I think that at the moment it's impossible, for a few reasons. For the first altcoin is a very unreliable currency, the price at any moment may change. Secondly, the received salary will still have to be converted to a credit card, as most stores and Internet services do not accept altcoin for payment. It's too early for this.

I don't agree with your opinion, wages are fixed, while ALT coins is Volatile.anything can happen at any given time in the market, price value of one coin can drop or goes up... are you willing to pay wages with high price value on the market at the said time. another thing to consider is the willingness one your employees... this are thing the government want to look into the Regulation of crypto coin as main stream currency for circulation.

 Therefore, it may happen that a person when receiving a salary will count on one amount, but will get a completely different and not a fact that will be in the black. Also the problem with needing to pay taxes on the cash you pull out, assuming you will be paying proper taxes to begin with, would mean the employee would be double taxed.

Of course, it can, if you can adjust to the market price at that time. But of course, it will contain various risks. Like, the occurrence of altcoin price increases when you have paid to your employees will make your employees earn money that exceeds his salary. If the price of altcoins decreases after being distributed to your employees, the money they have will be depreciated and lower than your normal salary.

Of course yes we can adopt by it but if you tell it to people who even don't know of it maybe something will happen to you. Adopting to this new technology is not easy, first people need to know what it is, what is cryptocurrencies maybe more years need to get to that.

I am already working with some guy from Russia,  and to avoid all those difficulties that can occur while you are transferring money from Russia to United States we are making the payments In Waves coins, for now waves are so much cheaper than they were, but anyway.

I think it can be easy achievable if the employees was agreed to get the salary in alternative cryptocurrencies, and one of the main problem is volatility of those, so you can never know what would be the amount of salary that you would get this month, lol.

For a certain point we can adopt but there are many issues with that adoption. Since the altcoin prices are not stable no one will like to get their wages in a unstable currency format. As well as the ecosystem is not widely develop  to form such a wage system because people will face lot of difficulties to do payments and spend the altcoins at each and every moment they want. And there are much more difficulties when implementing such a system.

If you receive a salary in crypto, that it must be adopted by the country you live in. You’ll have to pay your taxes in crypto as well then. Every time you earn smth in crypto - you pay taxes:)) and it is the opposite to the idea of decentralization.

The mellow irresoluteness of the market-place, due to what whether individual who doesnt knowledge the market irresoluteness received some altcoins

To date, the situation is that the crypto currency for payment of a payroll is not profitable because of the strong volatility and because not everyone still takes it seriously. But in the future it is quite possible. It was like with bank cards and payment by terminals. Few people believed that this is possible.

Why not? I mean in the future, when the market becomes more stable and volatility decreases, it is absolutely possible. I do not think that every company will use different altcois. But 2-3 coins that will be backed by real value can well be used to pay wages!

I think, obviously, the digital money is getting increasingly brought into human life consistently, yet our longitude attitude is taking another one, that is the reason I think until the point that individuals are prepared for pay rates with alcoins. I might want to see whether we will go to this.

Well the idea is not impossible.
however, the value of altcoin is determine on how the community will accept it specially on exchanges.
so think about, a guy was paid 300$ of wages and converted to 300Altcoin.
But when he hit the exchanges the altcoin equivalent went to lower than 1$
that would be devastating to the people whos getting their wages.
but it really depend on the project with a careful research i think it would be possible.

Altcoins are pretty much short lives some of them dont even last a year and most of them are shitcoins although not all but some. And having an altcoin for payment as salary in a company can be a headache because of it's volatility employers can never have a fix rate and have to always adjust to the price of altcoins.

I think the price of this market will never be stable. It will always fluctuate every day. It is difficult for crypto to have a stable price. And altcoin the more impossible. I think altcoin pay is not feasible. Payment can be made by Bitcoin or ETH

Yes it is true,no person will adopt that kind of wages and I am one of that.If ever it might be adopted not only the stability of the token and also the transaction fee also that converted it into real money.

If an employee is willing to accept such a salary, then it can be used as a way to pay wages. The current price of the altcoin is very unstable. I don't think most of them will agree to this!

That could be implemented if your country accepts cryptocurrencies or made cryptocurrencies pegal. It is quite possible to happen in the near future if all goes well however there will be lots of risks to consider if that happens because of the wages people earn depending on their jobs. Would it be sufficient enough plus the taxes we need to consider too when using altcoins by then?

Sincerely it is very easy to pay wages with altcoin since those that will collect it are already involve with cryoto. For instance I do engage in some online task in which I get paid through altcoin. (Note the task is personal). But paying salary with altcoin will a little bit hard due to d fact that not everybody van access internet not to talk of aving wallet

And not all are aware how crypto works and its volatility will not be accepted by the employees who are doing their best to earn a fix amount of salaries, unlike with crypto we cannot be sure if price will rise or fall.

It seems to me that the whole problem of remuneration with the help of the crypto currency is that it is necessary to constantly evaluate the work at the rate of the coin. Crypto currency is always unstable in its price and therefore every time fluctuations will be quite significant in your salary.

I think there have been some news regarding countries who started to accept crypto currency payment as salaries. There are also platforms that are being developed to pay crypto for their work, an example would be DIGIWAGE which could help to shape the future of freelancers industry through their decentralized freelance workplace. In our generation, once crypto currency has been fully developed, there is no question that we are headed towards a cashless society.

Under current conditions, any such move can be to a great degree dangerous. Since the trade rates can go up or around 10% of every a solitary day... so if the wages are made to somebody, the odds are that he may get a lower sum when he changes over it to fiat.

Personally, I think we we cannot pay wages and salaries with altcoin because as we all know that crypto is very volatile and unpredictable, the price may fall at anytime and no one is sure of when it will rise and value more than it was.

Yes it's possible that salaries will be in terms of altcoins but I don't think it is practical. Because of big fluctuation of the prices. Thus I think it's better that we recieve our salaries in fiat then buy altcoins using a portion of it.

I guess sooner this is possible but as of this days maybe bitcoin can only be adapted on this matter since blockchain is the main platform and easily tp use for payments as employees

But i believe that altcoin is more appropriate if just given a chance to progress on what they were created,their functions and value

It could have been. Be that as it may, it won't be connected to everybody. not every person likes altcoin in light of the fact that possibly they didn't know or didn't think about its potential. they know altcoin is at high hazard because of vacillations. Perhaps that is the issue for them on the grounds that if there are changes mean their pay rates have an esteem which does not remain if acknowledged by genuine money.

I would definitely not agree to this, I know one football team gets a part of the salary in the crypto currency and some cash. But I think they are not very happy to promote the local coin.

I think that this is real. But when the employee transfers his coins into fiat money, he will have to pay a percentage for the transfer. Thus, he will lose some of the money.

It can be possible but there are a lot of factors to consider like cryptos are volatile and we can never tell what will happen in just a blink of an eye. It may fall or rise, also encashing your crypto will have you less money for the charge

Let's say your salary is $10k. When you receive your salary, it's $9.8k. When you look at the balance again, the balance shows 9k. That's the problem.

maybe it can happen in a company, which pays its salary in the form of altcoins, but the altcoin issue is what is good to use to pay the salaries of employees who work in the company, and the company may have to work with a particular altcoin that will be used as a payer salary for each employee. but there seems to be one more problem, because not all countries allow or legalize crypto money in their country, maybe that would be a problem in itself if there is a company that wants to pay the salary of its employees with crypto money.

I think that bitcoin will not work, as its limited number and its total remains about 15 million pieces

In my opinion it is possible in the near future but right now i am not sure that many people will use it.

Yes we can, and as time goes by, most people will probably adopt  crypto as a form of payment, and probably  altcoins will be among the payment option, It all depends on the quality of the coin.If the alt is good enough then there will be no stopping it as the chances are that it will b accepted as a form of pay

In some developed countries in the world like Switzerland they still pay wages with altcoin. In contrast, many countries banning bitcoin like China, Vietnam ... The payment of altcoin wages will be difficult. The price is not stable, daily spending is difficult.

Yes, everyone can do that , but this will be a big risk.
Especially to those employee who really need the money.
This is just an option now! but dont want to see it soon.
Altcoins and you need to pay mane fee to make it into FIAT.

I think that while it's all in the project. everything takes time. and of course, more to inform the population and investors

Costa Rica has recently legalized paying wages in bitcoin and I believe a lot of companies will use that chance. Also, there was news of a whole football team getting paid in crypto. So there is nothing impossible.

Crypto is still in the early stage and volatile

I think there have been some news with respect to nations who began to acknowledge digital currency installment as compensations. There are additionally stages that are being created to pay crypto for their work, an illustration would be DIGIWAGE which could shape the fate of consultants industry through their decentralized independent work environment. In our age, once cryptographic money has been completely created, there is no doubt that we are going towards a cashless society.

Yeah, bounty companies. But as a main income, no it is not yet possible. In the future, it will be possible, and I want to believe that it will be.

Of course, you can use altcoin to pay your wages. At present, Japan has already done this. I think that in the future, altcoin will become the basic way to pay wages. I think this operation will not cause any problems, which is more convenient.

This concept can perfectly adapt to altcoins like payroll wages but there are still many risks involved, since electronic money is now a line itself that is still unclear on how to adjust its volatility. Always unpredictable unless currency is only acceptable in the ecosystem and the exchange rate is always justified such as directly exchanging an apple into one altcoins regardless of external ecosystem inflation. .

There are many companies that pay salaries through cryptocurrency. Like the staff of binance, they receive a salary from BNB. That is a positive sign and in the future we will see it very popular

Because of the large volatility, it will not be so soon, but the employer will be able to use the crypto currency as an additional reward.

One of the bigger problem in paying wages in cryptocurrency is due to the volatility of cryptocurrency. For instance, if you are to pay $100 in wages, and you do it in bitcoin, and when the bitcoin is cashed out, its values may decline. So it is difficult on that point. But one can use it in the method of payment. or buying goods. It can also be taken as assets like gold.

In crypto prices always fluctuate If price go high they no problem but price goes down then we will get loss....

I think this can be done but because of the price fluctuation this will affect what we get at the end of the day and as we have seen in the past months, I don't think I want my wages paid with alts.  ;D ;D ;D

Maybe if coins were used to pay for everything. Their exchange rate also changes every day, if you keep them until next month, maybe the value is only 1/10.

The main problem is the high volatility in the cryptocurrency market.Because of this, it will be difficult to pay for goods and services.On the other hand, the existence of laws could solve this problem.

In my opinion, the main problem at the moment is that there are few stores that accept cryptocurrency. Thus, the person who received the salary of altcoins will be forced to exchange them for Fiat. Given the volatility of the market, he can exchange them at a low rate and get less Fiat. I think that the payment of salaries altcoins premature!

If you use altcoins such as DOGE, RDD, STQ, SIA might be acceptable, because altcoins look stable even though sometimes there is a price increase.
The rest is possible after receiving a salary with Altcoins directly converted with FIAT.

It will be possible ofcourse but not at this moment and not even tomorrow

Many things we must consider and specially bitcoins presence,because for now only the number one coin is the popular anf trusted coin than can be used as currency for many transactions and same as salaries,but for sure in future when all of altcoins are considered as coin then all you ask will come true

I think this is not possible. Altcoin prices change daily and are not stable. This is the biggest barrier to altcoin pay.

I don't think it can be done for the time being. Not everyone accepts the industry, and the volatility of the cryptocurrency is too big to pay.

I don't think workers will want their wages on altcoins knowing the cryptocurrencies have very volatile prices. For me, even though I invest in cryptos, I still want something more stable like fiats instead of a coin that could lost half it's value on a week.

It will certainly have to be connected to a stable coin to protect against market volatility. The day will soon be here!!

Is there a point in doing this, the next person will dump the coins to get dollar. We need to create a whole chain of crypto utilization where the top to bottom trading of goods happens on btc and usd is not involved.

True all of it are possible well it may depends on how are you able to make some move of it that can be possible to all of what you may do. The thing for it is your strategy here everythings is possible but the strategy of one person are depends on.

The answer is that you can. If you are a boss, you can pay your employees' salaries with altcoins. I recently heard Japan plans to pay employee salaries by using bitcoin. So I think you can do the same thing with your altcoin.

The price of altcoin is too volatile and not suitable for something important like salaries and wages to fulfill your daily neccesities. If you receive your wage in altcoin and the price drop then you'll have problem that month, it's no different with gambling your money. If you really want that to happen then you should hope that the adoption of bitcoin to come faster.

perhaps someday yes, but such an altcoyin must be resistant to market fluctuations. such as the USDT, that the salary of employees would not be halved the next day

Yeah, maybe in the future something like this could be achieved. For now we shall believe in the fact that the Bitcoin exists and has taken the form of a successful currency so far.

I think that at this stage it is possible only partially and at the request of the worker himself. I know that in some large corporations can pay wages in money and shares. Altcoins can be compared to shares, so in part this is possible.

This is very much possible, but it depends on a few other factors. How willing both people at the end of each side are willing to adopt this idea. Is the employer willing to pay in altcoins, and is the employee willing to recieve his/her payment in altcoins. If there is a mutual agreement between these tow persons, then it is very much possible.

Aside from the problem of market price flactuation that can cause trouble to emoloyee-employer relationship, it could also be difficult for some especially those companies or employees that has no idea of what cryptocurrency is.It may be possible that way but it will take longer time of implementation and orientation to users.

When there is a salary payment for them, they must also use the Exchange to fair to FIAT.
We all know that cryptocurrency is always up and down, if it's paid with cryptocurrency and then converts to FIAt then that's the best way, if I think.

could this be happening is there is agreement from both sides to make this as a salary. When it's been approved is certainly there will not be a problem anymore because it certainly will already know about the risk of that happening. When the fluctuation of prices or sudden become down and up then it would be a risk that is already making a deal together and maybe just the things that are heavy enough to be felt.