Bitcoin Forum

Imagine if all prices were displayed in satoshis like Marty Bent imagined with his extension Opportunity cost  (https://decrypt.co/324842/browser-extension-converts-bitcoin).

In that case it maybe nice to receive your salary in satoshis, or not.

What do you think about it ?

(In France, salaries are mandatory in euros, and pay slips are very complex. Tax and administrative rules are complicated, and few companies pay bonuses in satoshis, probably due to this complexity)

We all have our salaries of signature campaigns in satoshis already  :)

In the long run, this has been an efficient and profitable payment method. Nothing to complain about it

Some countries seem to still not be able to pay salaries in satoshi, fiat is more widely used and I think it's because of government regulations where most are not allowed to pay salaries in satoshi.

That's right, just in the signature campaign we are paid in satoshi. :D

It's only a matter of time until many companies will start paying their employees with satoshis. I think that there are companies like the exchanges that will either allow the employee to choose the payment method, whether it's with satoshis or with fiat.

It is convertible to fiat and so those that have no problems receiving it will simply choose to get paid in satoshis.

One of the pros on this is we get an instant BTC holding and investment if we don't spend it.  :)

This salary would only be enough if I didn't have children and lived in a remote country, without eating too much, without leisure, and without being sick. In a monastery, possibly. That said, I'm still very happy with this salary, but it's by no means enough to live in a country plagued by inflation.

Maybe take the country where you're living as a factor as well.

I'm living on a developing country (PH), and the satoshis that I'm getting in signature campaign on a monthly basis is way higher than those who are earning on a minimum wage here. On what you said though, I don't have a child still, and also living in a remote are (which is good because we can just still plant vegetables to lessen the expenses). We're eating 3x a day as well though with some snacks in between. As for leisure, we can travel at least once a month, and a huge thanks for the satoshis that I'm getting on signature campaign. :) Not being sick is given and health is wealth at the end of the day. :)

As for the salary being in Satoshis, I wonder if how complex it will be in the future, and if the companies are willing to do it despite how complex your pay slip can be. I guess that would be less complicated if it's in stable coins, eh?

Personally I would like to receive salary in satoshis only 50% because if I receive in 100%, I have to sell some portion to fiat in order pay foods, rent, utilities etc.

If I receive 50% in fiat and 50% in Bitcoin, I won't need to touch my 50% in Bitcoin because it's kind of DCA-ing Bitcoin monthly and I use the another 50% for my daily needs. That's me.

But not all people are interested to invest in Bitcoin, 10% might work for Average Joe.

Let me go by 50% for now, since not every business and institutions are paying salaries already in Satoshi, so both could exist between fiat and Satoshi for payment before everything turned to be on one side, but before then, we still have a long way to go, as we are getting more closer to that time with the widespread of bitcoin as payment medium globally.

Inflation won't let many to enjoy their salaries but I am thankful that inflation isn't that bad in my country like it is in other, the Satoshi I earn is more than the minimum salary of a government worker here, atleast I am able to increase my long term BTC bag this way.

As a fashionist that I am with kid and spouse my business is still doing fine, better than average so yes it's a good feeling, nothing beats extra income in today's hard world, having more than one source of income will make things easier for you financially.

I don't work for anyone, I have my own clothing business and I get paid in Fiat, I tried applying BTC payment and that doesn't help as expected, at first I was getiing paid by few friends whom have sew many clothes and dresses for but after Bitcoin made a new all time high it just stopped.

I doubt it because bitcoin is not a legal currency and not everyone knows about it. Using Bitcoin to pay salaries would be more feasible for cryptocurrency companies than for traditional companies.


But it would be disadvantageous if that money were used for daily living expenses. The worst thing would happen if you just got paid in bitcoin and the price suddenly drops 10% or 30%.

Meanwhile, receiving payments in fiat is more proactive and less stressful as there is no need to worry about the price of bitcoin. We can easily plan our spending and buy bitcoins at a better price if we know how to analyze the market.

It is only visual display if you don't receive your salary directly in bitcoin/ satoshi. It is better if you receive salary payment directly in bitcoin / satoshi and your suggestion is good, in my opinion, but it does not show Bitcoin adoption that must come from actual use of bitcoin rather than visual display or equivalent conversion from fiat currency value to satoshi.

There are many converters for this task and if you want to attach it somewhere, build up a script for its visual display.
https://coinmarketcap.com/converter/

I remember being paid in a flat BTC/week for a sig campaign. Right now, most campaigns seem to quote the fiat value each week, probably because they have to buy the sats to pay the members. I guess it's fine for me, although I doubt my country will allow something like that to happen locally. We're far away from using Bitcoin as a legal means of payment, so receiving a salary in Bitcoin or crypto is a pipe dream.

Having more options is better. I think people have discussed many times about the salary being split between crypto/fiat in the past. I don't think my opinion have changed since then.

Actually it would surely change the way people think about money. Seeing prices in satoshis might help more people comprehend Bitcoin better, especially how divisible it is. But at the same time, it could mislead individuals who aren’t familiar with crypto. Getting paid in satoshis sounds wonderful in principle, especially for Bitcoin aficionados, however as you noted in France and many other countries, the legal and tax system makes it practically impossible for now. Until the rules evolve and more companies are amenable to it, I think it’ll stay more of a niche idea than anything practical for everyday life.

Definitely yes, even if all stores didn't accept payment in bitcoin I would still prefer to get my salary in bitcoin.
We will always have the option to exchange bitcoin for fiat and so we can do that whenever needed.
Holding rest of bitcoins will eventually increase our net profit over time. We will also get a better average price since the salary credited would be regular.

Bitcoin does not need to be legal tender globally in all nations and we will surely never reach to such future. Basically in life, there is nothing perfectly as we want to have and it's true for Bitcoin adoption too. There are people who like Bitcoin while there are the others who dislike Bitcoin. Hence, expanding it to national scale, we will have countries that make Bitcoin legal tender, legal, alegal or illegal.

https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality

You need to look for a second means of income that will pay you in fiat in order for you to be able to meet up to your needs and maybe, hodli your signature sats. Based on what you wrote in the OP, a lot of us here in this forum participating in signature campaign is already receiving salary in Satoshi, and it doesn't matter if it's little or not because we are lucky.

It's rare for anyone to pay salaries in Satoshi if they are not accepting bitcoin as a payment method. My signature weekly payment is enough to take care of my basic needs and weekly expenses and I am happy for that. Though, I have a second means of income in fiat.

Yes possibly there are companies who could and will offer salaries in Bitcoin
I would imagine these companies would have a Bit oin flow as in receiving
payments in Bitcoin. For most companies it isnt the case so they would have
to convert FIAT to Bitcoin themselves in order to pay Bitcoin salaries.

Personally I would like my weekly wages paid in Bitcoin because I currently am
able to spend less save more so it would cut out the task of using exchanges.

Even if shops didnt show pricing in BTC or even accept BTC I still would like
a Bitcoin salary

Sometimes I see news that some companies that are loyal to bitcoin offer their workers to receive salaries in bitcoin, but we have no statistics on how popular this is among workers. Salary is almost always money that people will spend, and they are only willing to save a small part of it, so they will have to spend most of this salary, and since they are unlikely to be able to spend their satoshi, they will have to exchange bitcoin for their currency so that they can spend it. Maybe once or twice it will be fun for them to receive a salary in bitcoin, but if they only save part of this salary as savings, then it will probably be easier for them to buy bitcoin when with their savings.

We have seen sports athletes as wanting to have their salaries in crypto or in Bitcoin.

And if I'm not mistaken, there have been topics about some of us getting their salary in Bitcoin. The only drawback is that the volatility that's why the best suggestion is that why take 50% of your salary in fiat, and then the other half in Bitcoin?

But so far we haven't heard any companies that is willing to do this. It might be complicated for them to have this kind of setup. However, if given the chance? Yeah, why not get it in Satoshi and then work you way on how you gonna spend/invest it?

I think that I've seen one video before, maybe somewhere in Switzerland or near that region, and that there's a company that offers Bitcoin payments or any other preferred cryptocurrencies to their new employees, other than fiat.

But that's true, the exchanges or crypto projects that have built a team and company are likely to do this preference.

That is one of the cons of receiving payments in Bitcoin. The volatility really hits a lot but if you've been used to it just like being part of a campaign, it won't hurt you that much.

But for the new ones, this is something to be considered of.

That's one of the pros and I agree with you, just as me. I'm able to spend less if I receive payments in Bitcoin and my mind is set for wanting to have more of it than spending it.

i would love to see my salary if my salary was 1 bitcoin per month unfortunately it is not lol so when i convert the sats still it would amount the same to fiat and it would have the same effect

but it would be good to have sats or bitcoins equivalent to really strengthen the state of bitcoin as a currency and not just an investment asset

50% is allocated for investment and 50% is used to meet basic needs. I think that is enough reason but in our country bitcoin is not a payment method, it is still an alternative investment asset so here 100% is only in the form of fiat salary. Luckily the signature campaign salary is in satoshi and that is considered enough for me, at least as long as it lasts then it can be an investment and the fiat salary is used to meet living needs.

I think that few would decide to receive their salary 100% in BTC, because considering the volatility, it is very easy for that salary to lose 5% or more compared to fiat in just a few hours. However, for those who want to invest in BTC regularly, a smaller percentage might be acceptable - and it would be even better if that percentage was not fixed but could be changed by the employee on a monthly basis.

It's not a new idea, as far back as 2017 I read that some companies offered their employees part of their salary in BTC.

Those who have job can use monthly salary for daily living while they can accumulate Bitcoins from signature campaign here. It's a kind of DCA accumulation because you are paid weekly salary in satoshis and we are very much clear now that how beneficial it is to accumule Bitcoins in DCA manner. If we only have rely on job then we have to spare some money for investment purpose but being part of a signature campaign here  reduces that pressure from our job salary.

I don't think it's very viable right now. Think of it like this, yesterday you were making $11k and today you're making $10k. Would you want that? Bitcoin doesn't have a stable enough price yet.

Of course, the best investment for long term investment is to buy bitcoin, but it would not be very healthy to use bitcoin yet to pay for the expenses that we earn in our daily lives and that allow us to live our lives. we need time for this to happen :)

Based on the operation model on this forum, which shows that almost 98% of the services operated on this forum are done through the use of Bitcoin and Satoshi, we already have things running on this forum based on Satoshi.

Therefore, I have nothing against the concept and for the creator of the opportunity cost extension to create it with the belief of using it to help the adoption of Bitcoin.
According to what I read through the link provided by the OP, the extension was said to help reduce unnecessary purchases by showing the opportunity cost of purchases, which is a good thing. However, it will be nice if more features are added to the extension services.

I need a salary to meet all my needs and all my needs must use fiat because of the ban and also there are no shops or sellers who accept Bitcoin as a means of payment, although there are other ways such as online or individually it seems complicated especially for important needs such as groceries for cooking and other things that are often and commonly purchased, then I will agree to receive a salary in Bitcoin if Bitcoin is really legal and many shops or sellers accept Bitcoin as an alternative payment method. And even though I receive a salary in fiat I can buy Bitcoin from part of my salary which I think is the same because receiving a salary in Bitcoin we must use it to meet our needs by exchanging it into fiat, so it all depends.

This is good if you don’t use your salary immediately because you have a flexibility to wait for a perfect price to convert it on fiat or if you can directly pay using Bitcoin.

Here in PH no store or services that accepts Bitcoin so I’m obligated to convert my Satoshi to fiat before I can use it for payment while there’s fee on conversion that result to less conversion if I decided to convert immediately.

Maybe there's no issue if, after you receive your salary from the signature campaign, you convert half of it into your weekly budget.  It's similar to the DCA method, where you keep half as your long-term investment while spending the other half on daily needs.

Fortunately, it would be advantageous to have another source of income, aside from accepting Satoshi.
This way, if you have a job that pays in Bitcoin, it will remain untouched in your wallet for accumulation purposes since you have cash to spend.

I believe there's nothing wrong with accepting Bitcoin as payment, whether for a large transaction or a small one.

It's like you're up for salaries to be sent in satoshi, perhaps because of the extra charges when done in euro, right? Have you factored in what happens if salaries are also paid in satoshi during a bear season where payment drops and keeps dropping once it's paid? Even if you set a timer and are lucky to grab it immediately it's sent, you may still lose during conversion for sale.

For me it would be great to be paid in Bitcoin. I don't have any problems with that, and I even think it's good, because I tend to save most money as possible from the total income I make, so by receiving it in satoshis, automatically I would be already investing my money without the need of exchanging it and paying taxes along the process. For many years that is what I've done thanks to the weekly payments from signature campaign.

Anyway, I don't think we are going to see it happening in large scale and involving main sectors of our economy, because in order to do so, they would have to give up on fiat currencies, which are essential for the economical organization of our local societies. Implementing Bitcoin in large scale for payments would inevitably cause drastic changes, economical uncertainity and potential riots, at least on short run.

Man, this is so true lol.

---

But if I had a real life job where the company paid me in Bitcoin, that would be a great option for me. Since I'm already used to receiving Bitcoin payments, it wouldn't be a new thing, and I'd actually be grateful to the company because at least they're directly empowering Bitcoin through their payroll system. But this is just wishful thinking, because we know that companies won't/can't use Bitcoin for payroll in their companies, whether because of regulations, fees, etc.

Nothing sweet as working for anybody. You do the things you want at your own time, and the side hustle you have, you are being paid with your country fiat and Bitcoin. You will spend on fiat gotten from your clothing business for daily needs, while the Bitcoin you receive from signature campaign you will hodl for long.

Imagine what they future will look like, if you ride on with this way of spending on fiat for daily needs and wants, while save up Bitcoin for long term. You will be counting yourself as one of the millionaires you have in your city that Bitcoin has made rich for life.

I think that it may be very rear in the future to get paid in Satoshi because the whole business activities hovering on bitcoin seem to be focused as an assets with a store of value than a medium of payments. I just hope that in near future Satoshi will be use for payment to further increase awareness and adoptions, but many investors considered holding bitcoin than using for payments in my opinion.

There are several regions where; for example, payment is gold, or precious stones like emeralds in Colombia, in other countries they even buy rice with gold nuggets, without speaking of countries where inflation with the local currency is "break" by inflation, so they have currency exchange to currencies like the Euro, the dollar, etc. Then, it's like adding Bitcoin to the equation, that's all.

In my country salaries are not paid via pay check (though it's there but mostly available to politically exposed personnel), employees in different companies and sectors mostly receive their salaries via wire transfer. Even in the next decade, I don't see a 10% chance of salaries being paid in Satoshi, because companies are not yet willing to adopt such payment method, except for new tech companies that would newly start their business. If am being paid in Satoshi in the real world not just on this forum, it will be good.

If all items are priced in satoshis, then it would be convenient for Bitcoin holders to spend their Bitcoin, since they do not need to convert it to fiat.  This will also encourage people to use the currency and those who have not tried it yet to try it.

We might possibly see a massive migration from fiat payment to satoshi payment and obviously once people are buying satoshi to use as a payment method, the demand for Bitcoin will greatly increase thus a price increase is inevitable.

This will be an excellent idea – that is, if the salary is fixed based on fiat value, which will then be converted to satoshi worth in terms of payment. That way, I know that I'm being paid a certain amount rated in foreign currency or my local currency, but if my salary is to be calculated and fixed based on satoshi, it will have both advantages and disadvantages, especially when I depend on that salary to pay my bills.

If the price of Bitcoin is low, which means my overall earnings will be reduced compared to what I usually receive, my income value will be determined by the current Bitcoin price.

It depends on the individual whether they want to be paid in satoshi? Usually most people today choose fiat because it is easy to spend... although satoshi can also be sold when you receive it, for me personally I only want to receive satoshi and it only feels like payment in the campaign. Lol

Not only in France... you know in Indonesia the same salary is mandatory IDR as currency, there is tax income, there is a pay slip but this doesn't seem too complicated.

I even feel that now even though this is like my side job on the forum but I feel the salary using it so I'm not too curious anymore because every week I get a part of the work I do in the form of satoshi.

Although for some people it may not be too appropriate to say as a salary but when we do something and get paid then it's the same as a job for me so I get the right to the obligations that I have fulfilled so it's right to be called a salary :D

But for permanent jobs especially in the real world it seems that this is still a bit complicated to feel that because in the end we still can't let go of fiat at any time and the country or government and related people in a country where we live will still run according to the system where we work then the salary will remain with fiat.

Most people are excited and seem to like the idea of ​​getting paid in satoshi but I have the same thought as you. It would be unfeasible and unhealthy if our main job salary was satoshi because of its volatility. We must admit that Bitcoin's volatility makes it more suitable as an asset/investment than a fiat currency.

We get paid in satoshi on the forum and most people think that's cool. Because it is just a secondary source of income and most of us do not spend them on a daily basis, but if it is the main source of income, we will soon realize the inconvenience.

The idea of paying workers and staffs in bitcoin/ satoshi is not new and it contains both advantage and disadvantage.

The advantage is contributing to Bitcoin adoption, providing another choice for employees in salary payment method. However there is disadvantage of Bitcoin price volatility, that affects employees if shortly after their salary payment received, Bitcoin has a crash. Another minus point is a necessary step to cash out in case they can not use Bitcoin directly for spending something in life.

So salary payment can be made in bitcoin/satoshi but it should be an option and companies can provide even a combination of fiat currency and bitcoin. Employees have freedom to choose their favorite salary payment method in either "Only fiat currency" or "Only Bitcoin" or "A combination of fiat currency and Bitcoin with a chosen ratio".

Guessing this current economic meltdown is slowing the hiring process a little and I don't wanna push the guy hiring me over a few extra days off.  I just been going to the beach and walking to lose weight everyday. Its not so bad. I made like 2 months salary in bitcoin last week so I don't feel too much financial pressure.  Although i would hate to sell my bitcoin. Someone lent me $4k for June to fix my ceiling. He gets it. He's a bitcoiner too.

I imagine the Op is not just trying to limit the payment method to just the forum but in our secular jobs by extension. Thinking about it from the positive angle, it would be an amazing occurrence if you ask me and should that happen, it only means that governments have allowed enough leeway for crypto to be inculcated as not just a means for payment of goods and services alone but companies are using it to pay it's staff. I tell you, it would push adoption to a much wider scale because imagine your boss telling you that for you to collect your salary, you must have a wallet! Amazing, eh?!

Unfortunately, our desires often do not coincide with our capabilities. If we talk about my country, then no one will pay me a salary in satoshis at the moment, since Bitcoin is not officially accepted by the country. However, if we talk about desire, then of course, I think many would not refuse, although we should be grateful to the forum that, one way or another, we already have some earnings in satoshis, thanks to the signature companies.

It would be interesting to see prices in satoshis since it would help people understand Bitcoin better and see its worth develop over time but earning salary in satoshis sounds problematic especially with all the tax requirements and legal things in countries like France. Maybe one day it’ll be achievable when rules catch up but for now it seems more like a cool idea than a practical one

If many things are payed in satoshi including salaries, then it will signify that the vision of Satoshi has manifested. Although I don't see this happening because it will mean Bitcoin replacing every other national fiat currencies. We all know how difficult that will be and even if it will get to a point where Bitcoin will replace national currencies of some countries, it will take a very long time and I don't know how many of us will still be around till then.

I think It’s a interesting idea and it could help more people comprehend Bitcoin on a smaller scale. Seeing costs in satoshis might make it feel more usable and less daunting but definitely in areas like France with strong rules and complex tax systems it would be hard to entirely switch. Maybe as an alternative or bonus it could work but not as the main way to get paid at least not now

As a Bitcoin lover, I also want companies to pay salaries in Bitcoin. So far we know some companies are interested in paying salaries in Bitcoin, but due to regulations, they aren't able to do so. For me, I am getting my payment in Bitcoin. Though it's not like a salary we can call business. For my crypto marketing service, I have been getting payment in Bitcoin and some other crypto as well, depending on the sender. In other words, signature payments would consider salary as well. Because we are getting payment on a weekly basis in Bitcoin.

However, unless employees are fully knowledgeable about Bitcoin, they might also not be interested in receiving their salary in Satoshi. So it's quite a complicated process so far. From the company ends, they have to follow regulations; from the employees' end, they have to know well about Bitcoin. So it would take quite longer to start paying salary in Bitcoin.

There are already some services that allow people to exchange directly fiat in sats once received.
Unfortunately you cannot exchange ALL your salary since some expenses needs FIAT (both cash or digital) so you must have some euro on your wallet...
I think that once Nations and Company could accept btc for payng the taxes, using FIAT would be just obsolete.

Not really. OP is talking about displaying prices in satoshis and the example you give is not correct because the payments are announced in dollars, the conversion to satoshis is later, depending on the exchange rate of that week. Here is your campaign as an example:

It's a relative matter. I mean, it will vary depending on each person's situation, their monthly needs, the country they live in, whether they have a family, etc.

In the country where I live, my salary in Satoshi from signature campaigns is much better than my job salary in my country. I even quit my job because the difference between the price of Bitcoin and the local currency gives me a good return.

In general, I'm someone who prefers to receive 50% of my salary in Satoshi and the rest in cash, so I can cover my monthly expenses without compromising my Bitcoin and holdings in the long term.

I know some companies that are quietly pushing payroll into crypto, but to see salaries in satoshis into mainstream still we have to go a long way. Did you hear about MiCA? Markets in Crypto Assets regulation in Europe, which allows companies to pay 30% of total pay via cryptocurrency. I actually don't know what crypto they usually use, bitcoin or alts, but they are opening the door.

Also, employees should be skilled enough to handle volatile assets properly, a lack of confidence in using crypto could lead them to financial danger. If you have a saving mentality, then receiving a 30% pay cut via bitcoin might be a blessing for you if you know what you are doing.

Would be more happy if my employer would do this since somehow I can lower down the cost each time I buy Bitcoin since I can directly receive sats thru my work.

Hopefully we came to the point that we have good option like this since it will make our life as Bitcoin investor easier.

Although I understand that this is complex implementation, but if they can work this things out and find good system on how they can take out taxes and other things needed then provably that everything would became better unto our side upon getting this option.

Forum members who participated in the signature campaign have experienced getting paid in the form of satoshi.

I also don't mind getting it in my offline job, but of course it is harder to get compared to online work, especially satoshi is not a very popular thing in my country, maybe they have heard about Bitcoin but how it works or how to use it is still rarely understand it unless they are active in the online world.

It is like automatically chronological DCA while it can help to save fees from trading fees and withdrawal fees from exchange accounts. Bitcoin will be distributed directly to your Bitcoin wallets that can be either custodial or non-custodial. The recommendation is using non-custodial wallet to receive Bitcoin from your salary processing.

It has double benefits including saving withdrawal fee and increasing your fund safety. It will give you bitcoin actually because you hold private keys of your Bitcoin.

Yes, I would like to receive my salary in satoshi. This is due to the fact that, according to long-term observations, the price of bitcoin is growing in the long term.

Bitcoin is a deflationary asset, which (unlike fiat currencies) has a limited supply (maximum - no more than 21,000,000 coins).

At the same time, in practice, fiat currencies are necessary if you plan to buy goods and services. Selling bitcoin for fiat currencies carries certain inconveniences. In particular, these inconveniences are associated with the potential risk of violating anonymity and confidentiality (as well as the risk of blocking funds). There is also such a thing as expense control - representatives of regulatory authorities may ask you questions about the sources of funds that allowed you to make large (and not so large) purchases.

All this leads us to the conclusion that the ideal option is to have both bitcoin income and fiat currency income.

For countries that legalize purchases using bitcoin, it may be difficult to pay employee salaries using bitcoin because it could be against labor regulations. I look at the country where I live and we are not allowed to use bitcoin as a transaction and of course receiving salaries via bitcoin is a difficulty that can lead to companies receiving sanctions.

To make this step is indeed complicated because most countries do not allow the use of bitcoin as a transaction even though we realize that being paid with bitcoin can be a good step. But talking about existing rules and regulations, this will be quite difficult to realize because support regarding regulations will be hampered.

This would be quite good. From an investment point of view. Receiving part of your salary in satoshi right away, wouldn't have to worry about converting (and losing) traditional money into satoshi. that is, the employee receives it directly into his wallet without having to take any “extra steps”.

In your vote, I indicated 50%. In fact, what part of salary to receive in satoshi will depend on the level of this salary and current expenses. I assume that a more plausible figure could be in the range of 30-50%.

The issue of taxation of salaries in satoshi remains open. Depending on the specific country. Somewhere, such a method will be completely prohibited.

Although, from a technical point of view, this should not create difficulties for the employer.

Just need to do something like this:

- accrue 100% of the employee's salary in traditional currency.
- pay all taxes from this 100%.
- 50-70% of the remaining amount of money after paying taxes, transfer to the employee in traditional money.
- 30-50% of the remaining amount of money, convert to satoshi and send to the employee.

Win-Win. All taxes are paid and the employee received part of the salary in satoshi.

Yeah, although some years ago we had many campaigns paid in BTC, such as 0.01 per week (equivalent to around $100 at that time), it is much more efficient to set the prices in USD and convert to BTC when making the payment.

This reduces the need for constant adjustments to campaign payments, to keep them within  budget.

I see no problem  with this approach, which is actually better, and we still keep our "salaries in satoshis".

I don't think OP could be referring to have salary reduction in the bear market

It’s a fun idea—seeing prices in sats and getting paid that way could make Bitcoin feel more real day-to-day. But yeah, with all the tax stuff and rules, especially in places like France, it’s easier said than done.

Some time ago, like some years ago actually, I made a thread on this board where I talked about this same thing, which is we having our salaries paid in Satoshies, including pension..

Any body who knows about bitcoin and has invested and benefited from it, and maybe still has investment in bitcoin even now would definitely love his or her salary to be paid in bitcoin if he or she is working in a company that pays salary bi-weekly or monthly, as for me, I wouldnt mind getting paid in Satoshi.

One thing companies interested in paying salaries in Satoshi must do is to ensure the ask their employees one after the other what means they would like their salaries paid, everyone should be paid based on their choice or choosen currency because I personal believe that bitcoin represent freedom, and as such, it should never be forced on anyone.

Same situation is happening to me because now in our country they are working on legalizing bitcoin, but this is going to take time but still it's not possible to have salary in bitcoin because its more complicated thing.
I am happy I am having my salary on this forum in bitcoin because now I can save this for my long time strategy which is my dream to have good amount of bitcoin because for me its one of the best option as saving and also use even I am not able to use this in my country, but I am able to use this bitcoin for many things which are helping me.
Bitcoin is going to be had game changer in near future because as predictions are coming it's going to be had seven figures which could be huge motivation for peoples those were calling this as Ponzi or bubble.

This your idea is a future one because for now even though Bitcoin and crypto as a whole is receiving alot of support from around the world receiving payment through crypto currency is one thing that will take time because I believe that that will have to pass through law before any firm and even government will pay salaries in Satoshi as you are proposing

Maybe to legalize bitcoin as a commodity asset is still possible and maybe the government will try to do it, but for salaries it seems that this will be complicated, companies do not want to bear the risk because of clashes with inappropriate regulations.

Yes, this is an opportunity for us to receive a salary in the form of bitcoin on the forum, so we are free to do whatever we want, including cashing it out directly or making it a long-term investment by not selling it.
With bitcoin - I have many stories where bitcoin helps change their finances for the better or even more.

Should be a good problem to solve for any startup that want to streamline the process of using crypto day by day, adoption is here, but infrastructure wise, we really need solution to streamline things.

Just imagine if we can receive salary in sats while there's service to take care of the tax and other things under the hood. Maybe some exchange can just implement this, even if the service is charged with fee I'm sure people gonna use it.

It's the main problem that prevents big company from giving option to pay in crypto, taxes are such a pain to deal with and big company with huge payroll and many employees aren't getting those additional complexity at expenses so they discard the proposal at first glance.
Salary in crypto or anything similar will be possible for a big company when there's legalization of bitcoin to the existing system such as recognizing it as a legal tender.
If such thing doesn't exist, just forget it. Even with current legalization of crypto that's taking rapid progress, so many company are still hesitant to adopt it, only very few innovative company willing to take the risk.

No, I don't like to receive my salary in satoshis and still prefer to receive fiat. Fiat is still use in my country and Bitcoin is just for commodity or investment. I don't know if that already implement in other countries but I guess that will depend on the allowing from the government.

That may happen in the future if more government make Bitcoin as a legal so those companies can use Bitcoin as employee's salary. Until that time, it is better to use fiat as a salary especially if fiat still be used in our country.

It would be better for the current times, I agree - we will have much more opportunities to use said fiat and to buy more BTC with it too..

So are you saying that you are currently putting 50% of your salary to bitcoin? You must either have a cheap rent and expenses or high enough salary.

Even putting 10% into bitcoin is insanely high for anyone who not even interested in bitcoin. I would say that if you have low income, then investing 10% from that is good, but average joe prioritizes other investment forms before putting all of it to bitcoin. Assuming that they have budgeted everything else in order before that.

For me it's easier to get paid in fiat money, so i can pay taxes from it and buy bitcoin. Rather then having my salary in BTC, keep in mind how much that was valued in fiat money, and convert some of it to fiat money to pay taxes, hoping that it hasn't dropped too much in value when i convert.

The risks are bigger than the pros, in my opinion.

At least that's the case currently - we can steadily accumulate while having fiat salary, which is used much more for everything rather than BTC, which would be needed to be turned to fiat to pay up for said taxes / other expenses, where BTC can't help..

Everything is possible but it takes time to realize and I believe it will not be so important because what is needed is how we can continue to make plans in the investment targets that are being carried out. The issue of paying salaries to workers is still too complicated because it will indeed be hampered by regulations so that companies prefer a safe path in order to maintain the existence of the company to grow further. Anyone who says bitcoin is a Ponzi scheme is probably a bitcoin hater because we realize that only haters will continue to spread fake news.

Now we need to think about how to put a better focus on investment and even though individually our finances are not so stable, there are times when it is necessary to make a big plan for implementing a strategy to achieve investment. Bitcoin will continue to grow in the future and it is very unfortunate when someone does not take advantage of the existing conditions and instead regarding salary payments or legal transactions, let the government think about it.

While not common yet, it is possible to be paid partly or completely in Bitcoin from employers. All it takes is asking, and if that doesn't work, there are some services that can take the salary so that it can be instantly converted to Bitcoin upon payment.

Why not get paid in Bitcoin if the option is there? In the future it might be sad to get a paycheck and seeing it only worth some satoshis, especially if you didn't accumulate sooner (stack while there's still time!)

50% will also be good if it is my permanent job since it is my main source of revenue. The other half will cover my basic needs for the month. But I would prefer 100% if it is a side hustle since I can use it for hodling Bitcoin.


Paying salaries in Bitcoin will increase awareness and adoption. Many people in my country are not aware that Bitcoin is a currency. I think most non-crypto organisations would find it difficult to adopt this policy. But it could be very easy to implement for crypto-based firms like crypto exchanges and casinos.

Salary in satoshis has a nice sounding ring to it and it's a good idea, but unfortunately I'm not sure how good it is in practice for most people.  I think saving in satoshis is probably a better saying, as that is something that everyone could do.  If you took 50% of your income in satoshis you would probably have great difficulty feeding yourself or paying your bills.  No need to go full overboard.  Just save in Bitcoin and over time you'll end up ahead of the pack.  Don't sacrifice your convenience for it though.

True and true.
For the most people that have been opportune to work in a signature campaign and have had to be curious on this likely possibility of a distant future: signature campaigns remains your first hand case study. Take it for the Beta phase of what is to be expected and frankly, it wouldn’t make a lot of difference in the end as, most individuals would end up exchanging them for fiat or spending it directly. Same way you use your salaries today just that, spending would come with some level of reluctance.

Due to the constantly changing price of Bitcoin, such a salary system needs to be tied to the exchange rate, for example, of the dollar. And the salary was valued strictly in dollars, after which the exchange rate was converted into satoshi. Because if the salary is exclusively in satoshi, then due to the change in the Bitcoin rate, people will panic. For example, some time ago, Bitcoin cost 55 thousand dollars, and if someone got a job at a rate of 108 thousand for Bitcoin, he would panic because his salary fell by half. Personally, I imagine all this only like this.

At this very moment, I wouldn’t accept it, even though I firmly believe in Bitcoin and its future. We’re in a bull market right now, where the likelihood of a price drop increases with each passing day... but when the market shifts to a bearish trend and drops enough, it wouldn’t be a bad idea at all to receive everything in satoshis, it would save me the huge hassle of having to sell fiat to buy Bitcoin.

Yeah, before BTC would be accepted just the same as fiat is - that would be the case, and it won't change much..

Bitcoin users are all Satoshi Nakamoto and they don't actually need to receive satoshi from their salary to become Satoshi Nakamoto in community and inherit vision of the Bitcoin founder.

Salary is only one of Bitcoin use cases and Bitcoin does not need all people on Earth receiving bitcoin/ satoshis in salary to be accepted globally. It's not too right and does not match with Satoshi Nakamoto's visio- for as maximal freedom as possible for everyone and Bitcoin users - if there are mandatory policies to force all companies pay their workers and staffs in bitcoin.

What businesses and companies always aim for is convenience and speed because that will help them save a lot of things such as time, costs...Paying salaries in bitcoin and having to pay in a hybrid form (BTC+fiat) will only cause more trouble for them, increase costs.

It can be seen that paying salaries in bitcoin is beneficial for the employees but does not create any benefits for the company. If we put ourselves in the shoes of a company/organization instead of just an employee, we will see that there are many things to solve when paying salaries in bitcoin.

There are services that convert fiat paychecks directly into SATs the moment the money is received.

For example, Strike offers a “Pay Me in Bitcoin” feature  it receives fiat and instantly converts it into sats.

At Bitcoin meetups, I’ve met several people who live entirely on the Bitcoin Standard. They use services like Strike, Bitwage, and others to get paid in Bitcoin SATs and they never touch fiat currencies at all.

I have also heard about Strike and Bitwage services, but as far as I understand, they only help reduce dependence on fiat but cannot help us completely get rid of fiat and live by bitcoin standards. Because after all, you are paying bills that are displayed in fiat currency, and those services just help you quickly convert from bitcoin to fiat currency or vice versa.

Fiat is still the measure of value, the main unit of measurement in life and we are just trying to fool ourselves by using conversion services.

I have to admit I would not like to take my salary in Bitcoin (satoshis). I love Bitcoin but the volatility is way too high to have my salary paid in it. I might get paid & 2 hrs later the price has dumped 10% I can’t pay all the bills for the month. I buy Bitcoin but I don’t want my entire salary paid in it.

Bitcoin is not yet legally accepted in most countries, so it is not the right time to use Bitcoin as a salary. another problem is that the rapid fluctuations in the price of Bitcoin can cause problems when paying salaries.
 
There are some large companies that can implement this process if they want, but for ordinary companies, paying salaries in Bitcoin will be complicated. Companies will be more important if they can send salaries to their employees' accounts with very little cost. From my point of view, it will be possible only when the whole world accepts Bitcoin legally, otherwise it is very complicated.

I can say without a doubt that the way El Salvador is using Bitcoin, all countries will start using Bitcoin, and we may not have to wait long for this.

Me too, I don't want my entire salary paid in satoshi. I don't know about others but in my opinion it doesn't bring any benefit or convenience to my real life. It makes things even more stressful because like you said, I'll have to deal with the volatility of it and that's inconvenient.

Many people think that getting paid in satoshi will make investing more convenient and easier but on the contrary, I see it as a barrier preventing us from buying cheap bitcoins. What if we get paid today (satoshi), and tomorrow the price of bitcoin suddenly drops 10%-15%? Not only did we lose, but we also missed the opportunity to buy BTC at a low price.

Personally, I don't see the point in paying wages in satoshi, because in this case, most of the funds will have to be converted into national currency to pay for utilities and have fiat money for life, because not everyone has the opportunity to make payments only in Bitcoin. Therefore, I think it is better to receive wages in national currency and convert part of the earned funds to buy Bitcoin. In fact, you will need to perform the same conversion process, but in this case, no one will know how many Bitcoins you buy and at what addresses they are stored.

Bitcoin's legitimacy is one reason but not the biggest one, its volatility is a more worrying issue.


Conversely, I think small companies will adopt bitcoin more easily than large companies because with fewer employees, it will be easier to handle. Meanwhile, for large businesses with thousands, even hundreds of thousands of employees like Apple, Google...this becomes extremely complicated and costly. Think about it, how much time and effort would it take them just to adjust the payroll of thousands of employees to match the current bitcoin price every month? Whereas with fiat money, they don't need to do anything extra.


Don't want to disappoint you but for me, the adoption of bitcoin as a currency in El Salvador was almost a failure because the people there refused to use it as a currency.

Small companies and merchants for example, can easily accept Bitcoin but in a long term, they will have to struggle with their small business treasury management. If you need any example that shows accuracy for my saying, look at El Salvador and their Bitcoin Legal Tender policy that was initiated years ago, in the last market cycle.

Keep it simple, small companies are most vulnerable to Bitcoin price volatility and they mostly don't have proper business treasury management in order to go through most volatile months well without impacts on their business money flow and treasury.

https://www.politico.com/news/magazine/2022/05/12/el-salvador-bitcoin-currency-struggles-00030422

If salary were my main source of income I would probably not want to receive my salary in bitcoin either. It would only make sense if I could pay with bitcoin in stores and cover all necessary services. But if every month I had to sell bitcoin and pay all my main expenses in fiat money it would be inconvenient. And if besides that I already had other sources of income from which I could receive fiat and cover all my expenses then of course I would just keep my salary as an investment for holding. So it is possible but it depends on certain conditions.

We have the same opinion. I don't like the idea of receiving our salary in bitcoin as we would still need to convert it to fiat to he able to use it on our everyday expenses. Add to that is its fast volatility, the value of our salary will fluctuate quickly and could decrease if the price of bitcoin goes down.

I also don't think companies or employers will use bitcoin as a salary for their employees as the amount in satoshi would always change and could be confusing for their finance department unlike using fiat where the value is fixed and stable.

If bitcoin becomes legal tender and prices of goods and necessities are listed in bitcoin, it would be great to have our salaries paid in satoshi. But if we still need to convert bitcoin to fiat, receiving salary in bitcoin will not make any sense, even cause more disadvantages. It will take time to convert and during the conversion we may incur losses if the bitcoin price suddenly drops. Just a quick thought reveals that there are a lot of problems, it doesn't bring as many benefits as some people are saying.

So I don't like this idea either and it's not worth considering.

I like the "Opportunity Cost" name very catchy...and I think the idea is well thought of just not sure who feeds them the exchange rates to avoid assets or whatever it is from being over or under valued.

And saw the browser extension in action from the Amazon photo, and I think along the way I think users could mistakenly over pay as it quotes in Sats/BTC sometimes of which a user thinking it's BTC could pay 1 sat value in BTC which is not small change, anyway  hope such costly mistakes don't happen.

My salary is in FIAT and I can't change it, even though I 'd like to change it.

But for my side-hustles, I usually request BTC (sats) and I am happy with it. If a client prefers to pay in FIAT, I ask for a premium, which gives them a fake sense of choice :P *


* this idea was introduced by BTCSessions and I like following it.

For the moment, half of the voters could accept being paid in BTC. It's true that this could be a real headache for both employees and employers because of the volatility: BTC is both a currency and a highly volatile investment; I don't think anything equivalent exists.

Do you think BTC will ever stop being so volatile? Will it ever stop its wild ride?

Bitcoin can become more stable, it is already happening. As Bitcoin matures and its capitalization increases, its volatility will decrease. That is why we no longer see big dumps, nor do we see Bitcoin going up 1,000% or 10,000% in bull cycles like before. Bitcoin will gradually become as stable as gold and there will come a time when it will no longer be an attractive investment but will be used more as a safe haven.

Could be an head ache especially if what they usually do is to sell immediately their receive coins.

But if they have plans to invest on for long term I guess they would just ignore those volatile movement of Bitcoin.

Although I know some are not capable to handle the volatile nature of Bitcoin since they have personal obligation need to attain I guess with this the employers should give them an option to receive fiat or even stable coins.

Nope I don't think its volatile nature would stop but rather will continue since its normal for Bitcoin to move that way.

It’s really great to get paid in satoshis — especially when it happens during a prolonged bear market. If you have the ability to hold onto the coins for a few years, your salary could grow several times over. Not all investments can offer that kind of return, especially for people who aren't really into trading. And during a bull cycle, it's a perfect opportunity to lock inhigh price point.

That's probably better. Even if someone say that they love Bitcoin, they don't really need to get paid in Bitcoin for a full-time job they are doing because as you said, the price is extremely volatile sometimes, and even though it can go up as well and that can be beneficial for them, but what if it goes down? We often see the market dumping all of a sudden, and sometimes those dumps are pretty deep, so that can obviously make the person lose a good amount of money from their salary, and they probably can't wait for the market to recover since they would need funds.

So even if someone loves Bitcoin, they should get their salary in fiat or a stable currency, and then use a portion of their funds to buy Bitcoin with it. This way, they wouldn't be worried about the volatility of the market and they won't lose any money other than the small amount that they will need to pay for the fees when buying Bitcoin, but that's nothing compared to the loss one could incur in a market dump.