Bitcoin Forum

A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not

It would be nice to know why your friend thought some countries would benefit from crypto salaries instead of what they have already :)
But then again if you think about it, going crypto in terms of wages would be expensive for anybody to keepup has price is always fluctuating meaning running costs and wages would go over budget as to what they are used to and they would drop this newly adopted monetary system unless they go the stable coin route.

Such a development is always going to be a positive for the crypto ecosystem,  but frankly speaking, I think it would hurt the local systems in place as control will nolonger be in the hands of the local systems inspite bitcoin having a recording keeping system of its own.

It will be hard before that can be done, as there are a lot of factors that could prevent that from ever happening.
Even if the president of a country wants to make Bitcoin legal tender, there will definitely be a lot of racism in the country, and not everyone will agree to that idea.

Not everyone working under the government has knowledge of Bitcoin and won't accept payment with something they don't know how to use.

Fee: who will pay for their individual fee, as there might be more for the government to spend than what they budget since the Bitcoin network can be congested sometimes and the fee is very high?

Fiat usage reduction: Salary payment helps the government circulate their local currency across the country; if they adopt the use of Bitcoin as a means of paying salaries, it will force everyone to become all-digit, which might at some point start rendering their local currency useless.
 
Using Bitcoin to pay all countries civil servants is just as simple as replacing their local currency with Bitcoin. Bitcoin lacks the feature to entirely do that.

A minority of bitcoin-related companies have been doing this for a while now. You don't expect the masses to want it though (at least in the near term) — most people just want a decently-stable money that they could use to spend. That's it.

In some countries, especially where inflation is huge, this would make sense, since people may not lose a lot of money from the moment they receive it until the moment they spend it. Or, even more interesting, a salary that's constant in bitcoin can be interesting in such countries, especially in the months when the price is going up  ;)

But government will not like that because then the company that's paying can avoid taxes. Also the employee may need to be careful because he may have to legally pay taxes for the bitcoins he converts to fiat in order to buy all he needs (especially if the shops don't accept bitcoin).

I am in favor of getting a part of the salary as bitcoin as investment, but all of it can be troublesome in countries with low acceptance in shops.
So it greatly depends on the country too, after all.


In theory it should be good. In practice, if the employer will buy at pay day the bitcoins from exchange and the employee will sell them back to the exchange next day, ... not much. Something more is also needed.

If the company hiring him is in the crypto space, I think there will be no problem for the company paying in BTC. The employees would be happy to receive BTC. Let's say Crypto Exchange hired him and him working independently online. It will be a problem if the company is not making money in crypto.

The issue is how will the government collect tax from these BTC earners because they will have to convert the coins to fiat before it's possible. The government might not allow this.

I've come across information suggesting that some companies offer the option of receiving salaries in Bitcoin, though I'm unable to recall their names at the moment. If you're interested, you could use a search engine to find these companies. However, it appears that widespread adoption of Bitcoin as a salary payment method is hindered by its volatility and legal considerations. The feasibility of paying salaries in Bitcoin is heavily influenced by a country's stance on cryptocurrency; if a country does not permit the use of Bitcoin, it becomes practically impossible to implement such a payment system. Unless governments begin to accept and integrate Bitcoin as a legitimate payment option, it is unlikely to replace fiat currencies for salaries in the near future.

I think that it should only remain as an option. Nobody should force anyone to do this as this is not CBDC. That's how bitcoin remains different from all the other options pushed by governments.
So, why is it a good idea? Because it popularizes bitcoin. Many people wouldn't be tempted to try it out if it wasn't given to them for free. They wouldn't bother to register at a centralized exchange, but an employer endorsing it, like they do in El Salvador turns things 180 degrees. More people trying it out means more people being interested in saving in bitcoin. More bitcoin savers means less centralized power, less freedom.

2023-05-08. Turkish Lira Volatility Jumps, Banks Climb in Pre-Vote Trading. Lira’s one-week implied volatility surges to 7.4% from 8.4%

The prevailing realities around bitcoin and government of most countries around the world have paused a limitation on the realization of payment of salaries in Bitcoin since most countries around the world are yet to come to terms with the potential and ability of Bitcoin to offer at alternative ways for workers to invest and save their salaries properly.
But since the government is against Bitcoin, and sees Bitcoin as a threat to their control of the financial sector, they won't adopt Bitcoin not to talk of making it as wages for workers' salaries.

Unless in a few countries like El Salvador where bitcoin is already made legal tender, but even at that, the world bank and opposition parties in the parliament won't allow that to happen even in El Salvador.

If this was done on a global scale it will be a positive for Bitcoin. It could also open the door to Bitcoin being valued of itself or by the amount of work one puts in to get sats instead of valuing it against fiat currencies.

We are a long way away from this happening and people being open to actually getting paid in Bitcoin without the need to convert it to local currencies inorder to spend it.

I think it would be quite hard to tell whether giving people salaries using bitcoin would be beneficial for a country. The main concern is that bitcoin's price fluctuates a lot and making it unsuitable as a stable form of salary and I think that not all countries have officially accepted bitcoin as a digital currency yet.

Perhaps, in the future such a scenario like that could happen but I don't believe they will completely replace fiat currencies. For decades people have been using fiat currency to purchase goods and services and it remains an essential part of our financial system.

The idea seem nice but I don't think it will be possible considering the fact that not everyone in the country have knowledge about Bitcoin and how it works and secondly most persons barely knows how to operate the internet very well let alone managing a Bitcoin account, that means hackers will deal with people mercilessly, also considering the gas fee of sending Bitcoin to millions of people as a payment is very high so there is no way any employer will consent to using Bitcoin as a means of payment, so to me is not a welcome idea considering those fact

The world is evolving, truly. I think it's going to be a long walk before we get to the point were Bitcoin will become a major channel for the payment of salaries, globally. It may happen, but considering the poor nature of electricity supply in the world; it will take a long time to achieve. Electricity is the life wire of the internet. Bitcoin can't be accessed without the internet. We all can see what's happening with that. Yes, I know and acknowledge that already companies/businesses are paying in Bitcoin but that's just a very minute population. These companies doing that shouldn't be a point of reference to use Bitcoin payment option because both scenarios aren't the same.

Once I thought it would be stupid cause then again bitcoin's very volatile and it could you know, decrease the value of the people's pay, especially since a rendition of this thread was made back in the past. Now I don't think of it as deranged anymore cause a lot of people in this industry has stopped receiving payments in stablecoins and are happily accepting money in bitcoin and other coins. I think this is great cause it drives usage and adoption, and in my case, it became a conversation starter that lead to some of my acquaintances becoming involved with the industry too. So while the threat of losing some of your money is still there, the overall benefits it give in the adoption department outweighs the risks by a longshot.

For private companies or employers then this could be applied but of course it would really be still varying or depending on countries laws and regulations on which if ever a certain employer would really be adding that kind of option then for sure they would really be trying out to clear things first because we know that going against with regulation would really be putting your company or business to risks on getting closed specially if Bitcoin or crypto was prohibited then you had made out the wrong decision.If you do own a company and sees up that the place you are operating are still in neutral when it comes to cryptocurrency then you could
always apply on having that option on giving salary or paycheck in Bitcoin but of course you would be still needing to consult out first if your employees are really that willing to accept Bitcoin
knowing that price and value is volatile on which some people wont really be tending on accepting something like this and would rather preferring on accepting fight for sure.

That will be a positive development for the bitcoin ecosystem, but there is a significant likelihood that the government will not allow it to happen anytime soon. Even if they can't control bitcoin, they won't want anything to do with promoting it, even if the people have started using it. 

It's not a bad notion if your friend wants his income in BTC, but it will rely on the company he works for; nevertheless, waiting for the government to do so is a pipe dream that will not come true anytime soon or in the future. I as an individual who knows and appreciates what I stand to gain from being paid in bitcoin, will want that to happen, but individuals who aren't well-versed in bitcoin will lose interest if this is done without a thorough understanding of the bitcoin market on their part because of its volatility.

MicroStrategy pay their board of directors in Bitcoin.

Those countries that dislike Bitcoin won't allow it for real. But to those free countries, these companies can do whatever they want, if the wages are paid in Bitcoin then I don't think they can have any sense of being mad at them unless they're too strict at all.

If you have been long on this forum, it is no longer a thing that there are services that have been paid in Bitcoin. And I have read it before that there are companies that do really pay their employees with Bitcoin.

Some company may give their employees an option what to do receive, cash or bitcoin.

It depends on the laws/regulation on the country. In my country, you can't use Bitcoin to pay for goods or services. It can be used for an investment only. So, there is no way to pay the wages/salaries with Bitcoin. The owner of the company will be imprisoned and pay a fine if he/she forces to pay the salaries/wages of the employees with Bitcoin. But in the country that Bitcoin is legal for any purpose (including for payment tool), a company may consider to pay salaries/wages with Bitcoin. For example, if the company is located in El Salvador.  ;)

If some of the employees want their salaries paid in BTC and the employer can provide that for them, then it is a good idea, but i don't think that BTC should be the first choice currency when it comes to payment of salaries. Most workers spend their salary as soon as they get it and they only send some of it into their savings account, so if you pay them their salaries in BTC and they have to immediately liquidate it, then it is better to just pay them in fiat.

What i support is for BTC to be an option for payment of salaries, and there will be pro Bitcoiners who will like to use that, but personally i will not like to receive my salary in BTC, i will prefer to receive my salary in fiat and buy BTC with a part of it and the rest to foot the bills and for other purposes.

I think this is going to be way easy for counties which are bitcoin friendly but the big question is this, will it bring any positive change to the country or will it help the staff salaries get to them faster? A country that sees more value in bitcoin than thier local fiat will consider doing this but there will be big challenges because not everyone will have access to smart phones to make some bitcoin transactions in this case, I think majority of the citizens of the particular country will kick against it because there so many advanced people who may not be smart to have control of their keys.

In my opinion, fiat will never be replaced by Bitcoin but there's a chance that sooner Bitcoin will be used as legal tender where you can buy anything through Bitcoin. For now, since Bitcoin is so volatile, it will be difficult for some countries to accept this as legal tender but there are some establishments and businesses already that accept Bitcoin as payment and it should be a good start for Bitcoin adoption.

Well your friend is not mistaken, I know that even here in Italy in the Bitcoin valley in Rovereto some employees get paid in bitcoins and this has also been documented on a television service that was broadcast in Italy.  Obviously this can make sense if there are many points of sale in the city that accept Bitcoin, in practice a circular economy is created.

This level of adoption will be a big boost to the bitcoin ecosystem, I think it will be more easy in countries like El Salvador that accept bitcoin as legal tender You have to consider the risks (volatility) of bitcoin. It may be very appealing to you because you have a sound background in bitcoin but it will be very confusing for others who are crypto noobs. If you receive your total salary in bitcoin, how will you pay your bills since bitcoin isn’t yet a legal tender in most countries, you still would have to covert bitcoins to fiat.

This will only be possible in countries that bitcoin is accepted, but it’s impossible in countries that bitcoin is ban. Also in countries that bitcoin is accepted, they shouldn’t make it mandatory for everyone, they have to make it optional for people to choose between bitcoin and their local fiat currency, nobody should be forced to accept bitcoin, because am sure some people will still prefer to be paid in their local currency than in bitcoin, most people that don’t about bitcoin will prefer to accept local currency, because they believe it will be easier for them.

Government won’t allow bitcoin to replace fiat currency, they will do everything possible to stop that, but we also are not expecting bitcoin to replace fiat currency because that’s not the purpose why it was created, bitcoin was created just to serve as alternative currency, so all what we want the government to do is just to accept bitcoin and we are not dragging to replace their fiat currency, all what we need is that bitcoin should be allowed to be spent freely, incase you visit a store and you not having fiat currency, you can pay for things you bought with bitcoin.

That's possible but still, there's a problem that remained existed, volatility remains a significant issue with Bitcoin, and receiving salaries in a highly fluctuating currency might expose employees to financial risks from their up and down value.  It could complicate taxation and other legal aspects, creating uncertainties for both employers and employees.  I start thinking about the governments that might possibly be hesitant to allow fiat to be entirely replaced by Bitcoin as it could lead to difficulties in monitoring and regulating economic activities.

So for now, let's accept that Bitcoin is good for alternating for fiat but not totally a replacement for fiat.
Yes, that's likely will happen depending on which country it is.

If that happens, bitcoin investors like us will love it, but for people who don't invest in bitcoin and they like stability, I don't think they will. Moreover, to do that, bitcoin needs to be legalized and regulated by the government because how can the government manage and collect taxes if companies pay salaries in bitcoin? So, I don't think that's possible. Not to mention its volatility, do you want your salary to depreciate 10% or 20% after a day? I bet a lot of people don't like it.

I mean I wouldn't mind receiving Bitcoin as my salary, actually, it's great since I could easily invest my salary in Bitcoin, but there might be some complications for other people since its possible that they are not familiar with Bitcoin but their salary is bitcoin, also the volatile market price is also a thing here because right after they received their salary it might be lower than the promised salary. For me, bitcoin really is not yet suitable to become something like a currency in my opinion bitcoin is great as an investment just because of the volatile market price and its potential because of the limited supply. The government won't easily allow it because we have fiat currency for sure, but there are some governments that support Bitcoin so maybe it is possible in some countries if they really wanted.

Still, if it is going to happen it is going to be a big boost to Bitcoin since it just means that we have already adopted Bitcoin I dont think the government is going to use Bitcoin since they surely used fiat money instead of Bitcoin but chances are big private companies that support bitcoin could easily implement this idea.

First what you should put in consideration is for it to be legalized and after that government may put it in consideration to start implement the use of cryptocurrency as general payment system to their workers. Do not go into blind argument knowing too well such country has not adopt bitcoin yet  whatsoever may be the reason for argument I don't think you should go into it. Besides this could be a challenge task for any government to basically stops using their currency to pay workers than other digital currency, private sector might be able to use it but not government because government they said is Anti-bitcoin.

How do you imagine salaries getting paid in BTC? People asking to be paid in BTC and their employers obliging? Or employers just leaving no option for their workers? Because if its the latter, then people would be just dumping BTC on the market, which would crash Bitcoin so hard that it would stop being a viable currency.

In very few companies this have been followed, and I'm not sure of the company names. Even in those companies everything is paid depending on the willingness of the employee and not mandatory. For people who move specific amount of their salary into bitcoin investment can prefer to receive in terms of bitcoin and the necessary amount alone can be converted to cash for their life needs.

There is a controversy that the person could get additional or less salary depending on the varying price of bitcoin. According to me, salary needs to be paid equivalent to the market USD value received earlier based on current day's market value. Further it is the employee's decision whether to hold or cash it out. This is really appreciable effort, but not many support this.

When bitcoin became legal tender on a global scale, this type of discussion about bitcoin being used to pay salaries and wages would have made sense to have. At that point, we could have started to consider whether it would be appropriate for the government to offer its citizens the option of receiving salaries and wages in bitcoin or not.

Considering that Bitcoin hasn't been widely used. This makes it difficult for something like that to start happening or for us to reason why the government should have our salaries and wages paid in bitcoin. 

It isn't too early to discuss. Similar discussion will surely make some of the small scale firms encourage paying the salaries in terms of BTC. Same time people will also get awareness of similar possibilities. Legality of bitcoin is much needed for such things to happen around. The usage of bitcoin is limited, but it have multiple access which is the best part. At any point the governments won't show interest as they fear of making money out of taxation.

Let's put this point in a different perspective, let's imagine that bitcoin is already legal in many parts of the world, double what it is currently, so now the problem of salaries being paid in bitcoin would be its volatility, but said instability is compared both by demand as well as by fiat currencies, that is, even though this asset is decentralized, we value it according to the exchange rate of a centralized currency, so I think that if we take Taking this into account, the question of whether or not a salary can be paid in bitcoin would change, since payments could be made in bitcoin but maintain a standard value such as the dollar and simply cancel according to how the rate was found.
But of course, this could be taken as an option for the employees, where they can decide whether they want a payment in this currency or prefer the traditional one, since as you indicate, there are many who still do not trust bitcoin and despite the fact that the government accepts it, the recession of those who do not agree continues... so for this to be possible in the future, they will have to try to please both parties.

It means that different people got different opinions. Some people intend to stay with what they have now which is in fiat, traditional way. We can't force them to use Bitcoin.
While on the other side, some people already know Bitcoin and are willing to accept Bitcoin for their salaries, we must respect it also.
That's why I really love to see a lot of options when you receive your salary. More exposure to Bitcoin will help Bitcoin ecosystem adaption but people must learn how Bitcoin works.

There must be a reason why your friend told you about it, but you haven't stated it in your story OP. No matter what, big companies or even countries won't do this unless they are like El Salvador, but right now it is difficult to do this because they are already used to physical money, and for sure there will be a bunch of people that are not technologically inclined, which will make it hard for them to exchange it for their own currency.

To the Bitcoin ecosystem, it might be a positive move because it means adoption. It might also push the price up because companies would then accumulate Bitcoin to be able to pay their workers. However, on the part of the workers, it's going to be a double-edged sword. Especially if you are a worker who is fully dependent on your salary, there's no way you can make the most of Bitcoin's volatility all the time. There will surely be times when you will be forced to convert your coins at a much lower fiat value. We need to remember that the world out there is not using the Bitcoin standard.

bitcoin price is volatile maybe for now it is not so practical. also maybe government will not allow that, and actually we always can buy BTC from local exchange. what I really hope is there are more ads networks that using bitcoin. For freelance app developers or bloggers, if we can recieve payment in form of  BTC then it will be good because the transactions will be more secure and no one can freeze our funds. I hope there are more new project about cryptocurrency ads networks. for now i only know cointraffic.io that still exist.

Several people around the world are already getting paid in bitcoin, some of them even 100% of their salary, others just a portion. Of course, in general, governments don't like bitcoin but unless they declare it illegal then there is nothing they can do if someone chooses to be paid in bitcoin and the company he works for is ok with doing that. I mean, you can also get paid in pizzas if you want to.

It started years ago, not recently and it is not new.

Japanese company to start paying employees in Bitcoin (https://www.theguardian.com/technology/2017/dec/15/japanese-company-paying-employees-bitcoin)

Governments surely don't like the trend but if they can not prohibit Bitcoin in their nations with their laws, regulations and enforcement, companies and citizens legally pay and receive salary in Bitcoin.

It is good way to increase Bitcoin adoption. Because if a company can do it well, their staffs will receive Bitcoin monthly and in many months. So they will have to use Bitcoin at least to cash out. The more exposure and experience they have with Bitcoin, they will more likely to use Bitcoin naturally.

The article in 2017 for a Japanese company writes that that company staffs have two options and were not mandatory to receive all salary in Bitcoin.

I'm already receiving my salary in crypto, just not in Bitcoin. It's not something too special, to be honest, I can't just use it, I'm withdrawing every time to pay rent, buy groceries, and all other stuff. With Bitcoin, it would be mostly the same.

Of course, but until now several countries have not finished their research steps so there are no clear laws. In that opportunity it can allow fans to implement bitcoin on their business interests until it seems that bitcoin begins to keep pace with the level of use of fiat in that country.
 
That is one step to support bitcoin works, of course it's a positive value for the ecosystem but not necessarily from another point of view.

It's a company which already run an initial public offering? surely this company will get audited and there's a financial report about wage distribution, the government will know if the company is using Bitcoin to paid the employer. So it's not good idea and possible of getting trouble.

But if it's just a small business or freelance, it seems to be safe since the government will not care about small money. It's similar like this forum has a Chinese local board while Bitcoin is permanently banned there.

Yes sure, but because all payment countries are currently dominated by fiat, those workers who are paid with Bitcoin will get in problems when buying in what they need. there will be not a problem if some stores or shops accepted Bitcoin also. In fact, today, not all stores accept Bitcoin, only a few, and it also happens with the country that accepts Bitcoin as payment like El Salvador. And that situation could be affect in bitcoin price if all employees are salaried on the same day.

Is your friend want his salary to be paid in Bitcoin?
There are private companies already paying their employees in Bitcoin. But we can't expect the Government to push this idea on their agencies since fiat or their CBDC are what they recognized.

Of course if this happened it's good for Bitcoin for awareness and adoption specially for people who don't know its existence yet. Bitcoin can work as an alternative but the Government will not allow Bitcoin to be the main currency.

It will have a positive effect on bitcoin for sure. However, this will never be easy to implement as well as majority of the workers doesn't want to have a complicated ways of receiving their salaries except for the checks, bank transfers, and other traditional banking transactions. People are comfortable to this kind payroll. Though, I believe there are some companies which is closely associated with crypto have their employees make an option of receiving full salary in bitcoin (we can look it up in google).
And, I have to agree that majority of the government doesn't want to change their currency into something that they don't have a control over with. So, fiat will be here to stay and will continue to co-exist with alternative currencies and cryptocurrencie.

CashApp I have read actually allows for this, they take your direct deposit and then transfer it directly into BTC into the BTC wallet address of your choosing, pretty cool! Nice job Jack Dorsey 👏
 

The main currency used around the world is still fiat. This would only make sense if the adoption of Bitcoin increases exponentially, such that you can easily use Bitcoin everywhere and in your everyday life. Otherwise, paying salary in Bitcoin would only complicate things and introduce extra steps to get people to convert their Bitcoins into fiat again. This would be just like paying your salary in USD when you're in Europe. No one would appreciate that.

BitPay has a service which does this however.

Even if you receive your salary in bitcoin, you still need to convert them to fiat afterwards, as fiat is still the main currency and is still being used in all daily needs. This idea sounds interesting and appealing to us at first, but over time it becomes a hassle that we want to get rid of. Because besides the inconvenience that we still can't use bitcoin for our daily needs, bitcoin price fluctuations are also another concern. What if we are in a bear season and bitcoin value is volatile? Would someone be willing to sell their bitcoin when it drops more than 10% or 20%?

Is it private sector? I mean companies that is not controlled by the local government? If that is the case then it's up to the companies and it's employees as how they are going to used bitcoin as salaries. Of course, for bitcoin enthusiast, this is a win-win situation, but for there there could be majority that is totally against it as they still wanted to have fiat, specially non-crypto employees.

As for the effect, of course there could be, but it's going to be small and the only one that is going to be happy here in the bitcoin loving employees as he no longer have to invest. Or better yet, he could setup like 60% in BTC and 40% in fiat salary. That will be really awesome for companies that is willing to give that to their employee as a setup.

in this case of course will reap the pros and cons because usually people will like to receive a salary in fiat currency which is of course stable, whereas if paid using btc which has a fluctuating nature of course it will make the person receiving the salary more profitable if they have received a salary the price of btc go up suddenly and sell it when the btc price rises or lose money when the salary is received, the btc price immediately drops and sell it when the btc price drops.

In my opinion, using this system will certainly make the price of btc fluctuate even more because usually an employee will sell btc for their daily needs.

If salaries were paid in Bitcoin then I am assuming the result will be only slightly positive since many who have bills to pay would need to automatically sell to pay for goods and services. So there would be both a buy and sell transaction and the result would be the same.

There would be a small amount where the holder might keep the Bitcoin because they don’t need it as an investment. So there would be no sell pressure on that end. But for most they would need to sell to get fiat.

There's really nothing to reply this post of yours.

Your friend insisted that the salary of some country be paid in Bitcoin, but sorry to ask has your friend ever been paid in Bitcoin in the company he works? In as much as majority of Bitcoiners (those that truly understand what Bitcoin is, not the buy high and sell low set of Bitcoiners ) would love this, it's not going to take effect in all countries. Although some companies might decide that they want to pay their workers in Bitcoin since what they deal on is majorly related to Bitcoin, that's the company's decision, while others might decide to stick with the normal fait they have been transacting with before. Just take note this issue of paying workers with Bitcoin for now is not going to happen but with time and better understanding of Bitcoin it might come to reality.

I find it unnecessary, unless you are living in a country in which the adoption of bitcoin is very high then most likely you will have to convert your bitcoin to fiat and lose some money on that conversion, and in that case it would be better for you to receive fiat directly instead.

And once you have bought all of what you need and you are sure you have enough fiat to cover some future unexpected expenses then you could decide to convert your fiat to bitcoin, which is basically what we are already doing anyway.

In fact, there are a large number of organizations that are fully transitioning to cryptocurrency payments.
I have designed websites for such companies that pay their salaries in bitcoins.
Personally, I have worked on 3 projects like this, so it's no longer just a fantasy :)

I am one of the lucky people that made arrangements with my work to pay 10% of my salary in Bitcoin (BTC) .... They support Bitcoin and approved it, so I do not have to convert it from Fiat to Bitcoin myself.

I use that money to buy lunch at some local food vendors that accept Bitcoin, also something that we introduced to them and now they are accepting Lightning Network payments.  ;D

I have a strong belief that in my country despite the crackdown on crypto, there would be some individuals in tech progressive companies that would have opted for this option may not a 100% but 50 - 50. They do it for several reasons like inflation, recession and economic uncertainty. Also, countries with currency turbulence and outdated banking systems, like some in Latin America, see the highest level of crypto payments. We have also heard of high-profile individuals like sportsmen and politicians choosing to receive part or all of their pay in Bitcoin. As bitcoin education grows and we see an increase in adoption, we would also see more employees accept bitcoin paychecks as a legitimate payment method. Bitcoin-funded payroll systems offer advantages like swift cross-border payments but face challenges like volatility and compliance issues.

Same old same case when someone force something to be paid or use Bitcoin as a currency when buying Bitcoin is very easy through an exchange or P2P. Yeah you need to spend some money because you need to pay the network fee or trading fee, but it's your choice, as long as you want to hold Bitcoin for long term, you will not care about the fee you need to pay.

They're not going to want it [paying wages in bitcoin]. In the world of sports there are several clubs that are rumored to have paid players' salaries with bitcoin. In 2021 NFL players choose to be paid with bitcoin and other cryptos as reported in several local media. Football players have also been paid with bitcoin and other cryptocurrencies. There are also big companies that pay. This shows that bitcoin is known by many people to be a solution and has happened.

Hoping that those whose salaries are from the people will not approve because it can become a problem for them if fiat currency is useless.

Government has nothing to do once the company is willing to pay their employees by bitcoin not unless it is banned in that said country so then it cannot be allowed.
and also I believe that there are already some company that exists in which willing or acting to be paying in bitcoin while maybe some is with altcoins.

Actually I am an employee and since I learned about bitcoin , I kept praying that my Boss will consider paying me or us with bitcoin.

Salaries coming from the government pocket is a No, it's never going to work, but if you are working in tech companies that belong to private personnel then you can bring up the idea of getting paid in Bitcoin and that is left for the owner to accept.

Some jobs online pay their workers in Bitcoin but not all of them, some have the option to choose which payment method you prefer.

The government has no reason to pay its people in decentralized digital money, that's like a slap to their faces.

If you are a big store owner or business owner you can start accepting Bitcoin payments, It makes my Bitcoin accumulation to be more easier instead of buying directly using Fiat.

Numbers of replies on your post in such a short time, represents the interest of other members in this discussion. And my opinions is, if you are doing a private job like for a private sector then you can definitely get your wages in BTC unless your employer wants to give you in BTC. Because if your employer doesn't want that then what can you do.

And the only fault i see in getting BTC as wages is that, when your employer fix the BTC price at which you will be get paid, and the time difference might be so huge that there calculating time's price of BTC might be $30,000 and when they are distributing you the amount then the value of BTC could be $29,000.

Other than that i think i can not agree more on this. Because currently i am also getting paid in BTC.

Perhaps the only country currently offering this facility is El Salvador. El Salvador is a country where you can get all the benefits with Bitcoin. There are two local currencies in El Salvador, one is their own currency and the other is Bitcoin, that is, if you work in that country and want to receive your salary through BTC, they will give you this benefit, but you will not get this benefit in any other country. If you have to pay for work in any other country, then you have to pay your work remuneration through the local currency of that country. Because no other country except El Salvador has officially accepted Bitcoin directly, so you will not get this benefit from other countries.

I have figured out one tiny disadvantage of having salaries in BTC. As bitcoin blockchain is transparent, and people prefer not to talk too much about how much they earn, we have a conflict of interest here. Think of a guy, who does not care much about having several BTC wallets for different purposes and with time, he flashes his BTC address among his colleagues. All the information, such as where, how much and when suddenly becomes public. People will start to track that persons life.

Let's imagine that in a country such as Ukraine the salary package can offer you a choice: you can choose between being paid in UAH (Ukrainian Hryvna) or BTC (UAH equivalent).
 The first problem with BTC salary is the question: how the government should monitor this process.
 The second problem is the necessity of exchange BTC into Ukrainian Hryvna.
 The third problem is the possibility to buy something in BTC in Ukraine.

1. Problem. The Government
For instance, I get 0,3 BTC as a payment for my work. I want to buy something with it, using exchange services. How does tax rules may apply to my situation?
There are two scenarios:
1) Tax regulator may provide rule, that I obliged to pay taxes from BTC or any other crypto-earnings in a moment, when i try to exchange BTC in Ukrainian Hryvnas. So, the tax regulator must gain access to monitor my account, where I hold my earnings in BTC to confirm the tax rate of operating due to the rate of BTC itself on the market.
For example, I sold 1 BTC for exchange rate 1 to 30 0000 (in USDT) and then I need to sell USDT for Ukrainian Hryvna (37 Ukrainian Hryvnas for 1 USDT). So, there are two operations, which will be taxed for approximately 20%.
I do not see the possibility of giving monitor access to the tax regulator willingly by my side due to the nature of the crypto-currency.
Also, I do not see the possibility for the government in our time to track all operations in crypto in Ukraine without gaining access to holders account without their willingly cooperation and willingly verification that they are truly the owners of crypto-account.
So, we can make an assumption, that the possibility of that option is low enough.

2) Tax regulator may provide rule, which states, that all operations of income in BTC (or in any crypto) should be taxed immediately after the crypto has been received into the account.
This helps regulators to track the rate between BTC, USDT and Ukrainian Hryvna, but also this may give a chance for companies to pay salary when the rate is low, so there is an open source of manipulation, which only can be reduced to zero by a law, that will oblige companies to pay salaries in a specific time (which opens a new window for market manipulation)
I don't see this option as vital.

2. Problem. The Exchange
Do I really have an option to spend a BTC as easy as Ukrainian Hryvnas in stores? Well, some fancy stores which sale technical staff such asL iPhone, MacBook, Dyson and Marshall sound design may include crypto as a payment, but mostly crypto payments won't be accepted on 98 % of  Ukrainian stores.
Answer is simple - there is no legal changes in tax law (Code of Taxes),  but there is a law for cryptocurrency. It means that crypto is legal, but income of it is questionable, and banks will block any payments in that form of payment.
So, I need to to change BTC in Ukrainian Hryvnas constantly (BTC into USDT, USTD in Ukrainian Hryvnas).
One day banks may ask where do i get my money, and due to reasons that I've written above, there can not perceive my BTC earnings a legal. So, my only option is cash and low-budget buyings.

3. Problem. Possibility of buying

We estimated above, that earnings in BTC are possible, but buying something may seem not so possible. OF course there are shady schemes that will help you out to buy something like an apartment for yourself in BTC, but you won't have a reliable paper for the kind of operation due to absence of legal tax regulation, therefore where will exist questions about operation itself.
For things like iPhone, stores may also use shady schemes, but the amount of money not so sufficient as buying a flat.

As a conclusion, I may suggest that BTC salary in Ukraine is highly questionable due to restricted areas of spending BTC, absence of tax law for that kind of operations and non-transperent monitoring of that operations by the government.

It is not impossible that salaries are paid in Bitcoin, before carrying out these actions, it is necessary to educate all employees to know how to sell Bitcoin to fiat. It's impossible for the company where your friend works to give a salary in Bitcoin for himself, the company has policies and every policy needs to be obeyed by all employees.
90% of employees working in a company want a stable salary, they are also in different circles. Salaries in fiat money are the best solution for those who have never made transactions using Bitcoin, it is also necessary to consider convenience for employees before making a decision.

This is difficult to do, but not impossible. At least to start with, they can get some of their salary in bitcoin. For example, 10% of it. In this way, everyone working in the company has invested in Bitcoin. Some sell the day they are bought, while others hold it as an investment. Such things can be done, but I don't think they will accept their full salary in Bitcoin. Maybe if they just have the money they earn as a bonus, the company can pay that amount in Bitcoin.

That has been the case for several companies that pay salaries via bitcoin, but not everyone expects to be paid with bitcoin for some reason and maybe your friend has heard of that from some of the media he's trying to browse.

It depends on the government, although this step will be more positive for the bitcoin ecosystem, I don't think the government will take this step to pay salaries because it will affect the country's policies in terms of fiat currency transactions and will affect the stability of the fiat currency itself. Unless this step is taken when the country has established bitcoin as a legal tender, there is a lot of opposition on the part of some to this step and I am sure that many countries would not do something like this.

Will not make any difference I would say. Companies in the past tried this model, it just adds another step to the payee to convert it back to actual money to pay his expenditures and bills.
If we are talking about freelancing or a contract that is an online mode, there I can see a big role of Cryptocurrency or Bitcoin in general. As it will allow them to pay for the work instantly without worrying. In the actual world, no big corporation will be doing this anytime soon.

It's never going to happen because the government of every country has their own centralized currency, they can control it, they are the one printing the money, it's by far the best interest for them to pay government workers with the same currency, Bitcoin? Nah the government won't want that to happen, it's why we are still this far behind in crypto space.

The oy advantage that's even here is the easier way of keeping some Bitcoin for long term hold, the stress of changing fiat to Bitcoin will be gone but still, even if younger paid in Bitcoin you will need to exchange some back into Fiat, because you need Fiat to spend your Bitcoin, many stores offline are not accepting Bitcoin and crypto still.

So far I don't really know which country your friend is referring to, but if it refers to a freelance organization or online-based work it might make sense. It's just that when bound the government is still unsure because the government remains in the corridor of fiat which is its responsibility in order to carry out economic growth. Fiat makes the only legal means of payment in any country, even though it implements the second payment option, fiat's position is still number 1 as salary distribution.

If your friend insists that it was found in a certain country, of course there are already laws governing it, but back when employee salaries use Bitcoin, we can see the impact so far.

It would be nice to know which countries the op's friend meant because I don't think it's a common thing to have salaries paid in Bitcoin. People have mentioned El Salvador, and I think there were some experiments in some US states as well, but that's pretty much it. I wouldn't mind getting paid for everything I do in Bitcoin, as long as the tax implications don't leave me worse off than with fiat. If there's a high tax-free amount, low taxation or no special taxation at all (like in El Salvador), getting paid in Bitcoin can be okay. Of course, it would be much better if, along with it, it was possible to use Bitcoin directly to buy groceries and stuff, but I wouldn't mind even without it, assuming that selling for fiat is simple.

That's going to be a good idea in the cryptocurrency ecosystem by implement Bitcoin as a means of salary payment, which we open more civil servants eyes on crypto calculation base on Bitcoin price fluctuations and with that most of people we like to invest anytime price of Bitcoin as long government has approved using Bitcoin as a means of payment.

I also don't think that will happen, because if the government allows businesses to pay salaries in bitcoin, it means they accept bitcoin as a currency, a legal payment method. So what happens with fiat, and let's not forget that they never intended to give up fiat. Fiat is the perfect tool for the government to control us, so it would be naive to think that one day when bitcoin becomes ubiquitous, they will accept bitcoin just because we use it. I never expected it and I don't feel it is necessary because we also need to convert to fiat if our salary is bitcoin.

I've heard of some tech companies offering their employees the option of part-paying in crypto but that was years ago. And I didn't hear anything else from the company. (Sourch (https://www.cnbcindonesia.com/tech/20210122165558-37-218110/perusahaan-teknologi-ini-bayar-gaji-karyawan-pakai-bitcoin-cs)) But to be honest, I don't really know whether a country that only considers Bitcoin and Crypto as commodity assets can allow a company to pay its employees in crypto? will it be legal or not? I'm quite curious about this. and maybe will try to find out about the laws in my country regarding this matter. Although at this time I think that it all depends on the agreement of the employees and the company concerned. But what is clear in my country is that maybe no one has paid their employees with Crypto yet. Or maybe I just don't know about this.

If I'm not mistaken there are companies that give their employees a chance to convert some of their salaries to bitcoins when they get them and some are willing to take their salaries as bitcoins fully. Others can just actually convert it as soon as they received it in order to preserve the company from any blame when the crypto market is not looking good. right now there are not many who want to do this since the bitcoin price is so volatile that sometimes will only take an hour for the price to change from high to low or vice versa.

Salaries paying through Bitcoin is not a bad idea, but that's if Bitcoin is accepted in your country, on the other hand if the managing director of a company decided to pay his/her workers with Bitcoin the workers have no right to question it because he has the company and he knows what's good for the company, besides if an M.D decides to pay workers with Bitcoin he might have seen the positive side of it, so this (https://b2binpay.com/en/countries-which-allow-cryptocurrency-as-legal-payment-method/) are the country that allows salaries to be paid through Bitcoin, also this (https://milkroad.com/accept-crypto/) are the names of companies that pays their workers salaries through Bitcoin, and this are some companies (https://milkroad.com/accept-crypto/) that you can make payments through Bitcoin, is like I have seen similar threads that has same points or whatever.

I still not familiar with any story like this. But if companies start taking steps to pay salaries through Bitcoin, it will be good for many and not for many.  Because for those who have a low-paying job and can't make savings with that money to support their family, receiving salary in Bitcoin will become a hassle for them. But it will be a good experience for those who love Bitcoin and have high paying jobs.  However, such a system will take many years to be implemented because Bitcoin is still not legal in many countries.

Mostly in Africa, we need such as payment option in Africa, and as you said the government will not permit that but if the private institutions use it to pay their workers and when the public servants see the benefits from the private workers there will be an agitation or protest to adopt it in the public domain (public offices). But we should also consider the flustrating nature of bitcoin so if bitcoin is used as payment option, there are so me months salaries might be reduced and some might be higher. So we have to think of all the areas before adopting to pay.

Yes, I totally agree with your opinion, that the government in a country, surely many will disagree if the salary payment system in that country is replaced by using bitcoin. Because even though bitcoin has a lot of potential and can be used as a salary payment method. But still, if local money in a country is replaced by bitcoin, there will definitely be pros and cons in that country. Because for now, people in any country, not all of them know and like bitcoin. So it is because of these factors that will become a big obstacle and will cause a dispute between the community and the government.
Except for the country of El Salvador. Because this country has legalized bitcoin as a legal means of payment, it is very likely that in that country the payroll system can be paid using bitcoin.

But for the bitcoin ecosystem, if this can be implemented in a country, of course the results will indeed have a positive impact on bitcoin. Due to the implementation of such a system, it means, so to speak, automatically promotes and distributes bitcoins directly to people in that country. So for bitcoin, the impact is definitely still good. Because it helps the mass adoption of bitcoin.

Having Bitcoin replace cash as a method for paying salaries is kind of complicated

On the one hand, getting paid in Bitcoin would boost interest in the currency, add to its credibility, and possibly support its value. Workers in countries where the currency is depreciating at an alarming rate, such as Venezuela or Zimbabwe, can benefit from this as well. It could be a huge relief to get paid in a cryptocurrency that maintains or increases its worth.

However, volatility is king in the cryptocurrency market. Envision getting paid one day and then seeing a 20% cut the next. Not ideal if you still have to pay your rent or buy food.

Because of the potential loss of sovereignty and control over monetary policy, governments throughout the world may be hesitant to allow Bitcoin displace national currencies. This is undeniably a difficult problem.

Let's first make it one step at a time, we cannot expect countries to start payment of salaries in bitcoin when they are yet to start the adoption for bitcoin or make their citizens have the legal right of using this decentralized digital currency, but i cannot doubt the possibility of this with the two countries that had already adopted bitcoin as a legal tender together with few other countries that make their citizens enjoys an enabling bitcoin environment to first take the move in making the decision into law in using bitcoin as payment currency for their worker's salaries.

Good enough not only government pays salaries. Apparently any business owner or CEO to some organisation could choose to pay it's staff in bitcoin or cryptocurrencies of there chosen but, even that has got to be based on each individual staff's decision to be paid in bitcoin  or cryptocurrency.

Not so many would know how to manage it and not so many would want to manage it. Yeah, it could be taught to them but people rather prefer a much stable and government backed fiat currency to a highly volatile and unregulated bitcoin or cryptocurrency.

Bitcoin poses  challenge to most and at that point, it becomes unfit based on each staff individual reasons.

Well this is exactly what will come to everyone minds when it' comes country using btc as a payment method for citizen salary because you can't actually use something that is restricted for such purpose so first things first is the adoption of BTC like you said by the supposed country. Still I like to believe that such practice is going on with regions that are vastly involved in the use of crypto even if isn't a legal tender yet because I once read on Twitter that some or should I say most shops in friendly Bitcoin community has started Bitcoin as a means of payment to their service and such business will also make it fair by supposedly paying their workers too with the cash(BTC).

The cases are different; paying an entirely tech company employee with Bitcoin is easier, as they are all sharing the same common goal, which means that before they can implement that kind of payment option for salary, it might have passed the average vote needed from the company shareholder, and they will also make sure that everyone who is under them understands how that thing they are being paid for works. Micro Strategy as a company is Bitcoin-friendly, as most of their major investments are in Bitcoin. What more could you expect from such a company if not to promote and circulate what they hold?
 
When it comes to bitcoin as a salary for civil servants, the case is entirely different, as we are talking about an entire nation filled with millions of people and not just a company that has less than a thousand employees.

Your opinion is absolutely correct

Managing payroll, conversion and tax with Bitcoin is just as easy as fiat with current accounting software, or even traditional accounting methods. The only thing stopping this from being a reality is government, banks, their fetish for fiat and fear of Bitcoin.

I have read the some countries or large corporations started to allow this option. That news quickly faded, now I hear nothing about it. They probably were told to scrap the option or idea, otherwise financial sanctions/penalties would ensue. I could imagine requests flooding in if the option were made available by all companies and corporations.

The fact that most places are considering Bitcoin as a commodity may also be a part of why this is not happening yet, if we are putting less focus on government/banks and more on benefit of the doubt.

If companies decided to pay their employees' salaries in Bitcoin then this only means one thing, there will be a huge demand for Bitcoin because these companies have to buy Bitcoin in order to pay their employees, and imagine how many companies are existing out there.  Anything that provides demand in the Bitcoin market is a good thing for the ecosystem because it will strengthen the Bitcoin market and at the same time make the price of Bitcoin surge.

^Exactly and on the positive side, adopting BTC for payments could have some advantages for the BTC ecosystem. It could increase mainstream adoption and usage, leading to more widespread acceptance and potential price stability, and using BTC for salaries probably reduce transaction costs and increase financial inclusion, especially in regions with limited access to traditional banking services.
However, it is important to recognize the challenges and potential risks as well because it is possible governments and central banks often play a role in regulating fiat currencies and monetary policies. The Concerns about potential tax evasion, money laundering, and lack of consumer protections could further impede widespread adoption.

I remember a few months ago a member who was claiming that he was being paid in Bitcoin. I'm not sure if his story was true, but let's suppose it was. Personally, I wouldn't opt for it because salary is part of the money you use to satisfy your daily needs, such as paying for groceries, utilities, rent, and so on. Thus, something as vital as your salary, which is deemed a necessity for your livelihood, isn't advisable to count on a currency that is volatile and may be subject to large price deviations from one moment to another. Moreover, so far, it's not as versatile as fiat money, at least not yet; only a few merchants have adopted it throughout the world, and making transactions isn't as simple as paying with your credit card. Whether we like it or not, Bitcoin is more of an asset than a currency. I'd rather set aside X amount of money each month and invest it than be fully paid through Bitcoin.

It could go wrong if you would ask me. I can recall a news back then where an employer wants the paid Bitcoin back from his employee as the price increased. I believe it was around 2021 or just the year when Elon Musk was like a hot topic and hyped the market so much that Bitcoin went around 64k.

We also have government that surely will tax these and knowing that they can't just tax the whole crypto transaction directly. I expect they would impose a law to use a legalized app where they would tax the salaries there. Unless you're okay with authorities seeing how much you earn, it's not really okay.

Edit: This was the news if I can recall it correctly. Employer Wants Cryptocurrency Back From Employee After Price Soars 700%, Offers to Pay in US Dollars Instead (https://news.bitcoin.com/employer-wants-cryptocurrency-back-from-employee-after-price-soars-700-offers-to-pay-in-us-dollars/)

its depend on the local law.

I agree with you, I will also continue to choose fiat for salary instead of bitcoin. I like its volatility in investments, but I don't like its volatility affects my daily living expenses. Moreover, it becomes even more pointless to receive salary in bitcoin because we also need to convert to fiat as soon as we receive it because fiat is still the commonly used currency, not bitcoin.
Bitcoin is already an asset, we don't even need to wait for the government to accept bitcoin as an asset or currency, we ourselves have made bitcoin an investment and not a currency. So I doubt who is supporting this idea.

Nothing different, as long as you get paid with a valuable and liquid asset, they're exactly same.

If you get paid with Bitcoin, you can convert it to fiat. If you get paid with fiat, you can convert it to Bitcoin. If you get paid with stock, you can convert it to fiat. The good thing when you get paid with Bitcoin is more private and you have an option to not pay income tax.

In theory, the idea of paying salaries in Bitcoin seems promising , with it potential as a store of value and precious asset. It could also encourage employees to save portion of their earnings in Bitcoin for future appreciation in its value. However in practical there can be many consequences for employers and employees. The primary issue is volatility in Bitcoin price over short periods, this can make it difficult for employees to evaluate their purchase power to buy goods and services and planning their expenses. While employers will also find it difficult to budget and forecast their labor costs.

In summary, this approach can work effectively when Bitcoin is massively regulated and adopted as method of payment, and we will be able to use Bitcoin for everything for our daily transactions.

Although it will be a positive move for the bitcoin system if the government pays its civil servants with bitcoin currency, the truth is that where, when, and how is the government going to allow this? You can see that the government cannot get access to people's funds in the bank again, and banks will no longer get used, in my opinion, because everyone is using bitcoin to buy and sell since the government has made it legal tender in the country, and nobody wants to suffer since bitcoin is safer and easier to use without any third party.

However, the fiat already existed before the existence of bitcoin, and citizens have already gotten used to the fiat. I believe it will be very hard to use bitcoin as a means of paying salaries. I don't think even when we say bitcoin has a promising future, this can be done.


Exactly, @Nwada001. There are many people employees under the government who did not even go to school, and yet these people are always paid by their fiat, and they people cannot use bitcoin because bitcoin is a digital currency, and most of these people are not ready to sit down and learn about bitcoin. However, there are people who have never heard anything about bitcoin before, so you can see that introducing bitcoin to this kind of person is a different thing.

If governments start paying salaries in bitcoin, that simply means that bitcoin as become legal tender in such a country, that will definitely have a positive impact on the price and adoption of bitcoin as a better alternative to fiat, but then, like you have said, aside countries where bitcoin is already a legal tender like El Salvador and the likes, it will be hard for the government of other countries where bitcoin is yet to be made a legal tender to start paying their workers in bitcoin, a currency they have no control over, its practically and technically impossible.

It would depend on the country if it's pro cryptocurrencies or not, that is for sure. There are a lot of things that could go with Bitcoin if ever it were to happen but I think it's a double-edged sword as well.

A lot of people who are salary earners are going to always convert their money into fiat, hence more selling BUT in order for the company to give them the salary, they have to buy BTC in the first place so it could balance out. The positive thing that can see in this is a lot of people would be in the crypto space and be figuring out if there are things to do with BTC, hence more users.

If someone has a steady job with a high income and even they are rich, they have no reason to learn about bitcoin. Why do we learn and accept bitcoin? That's because we want privacy, freedom, and most importantly, we want to get out of poverty and become rich. But government employees already have everything they need, so why do they need bitcoin? Not everyone needs bitcoin like we do, we need to be realistic about that.

We meed fiat for daily living and even if you are paid in bitcoin you need fiat to buy stuff for daily living, pay utility bills etc. Bitcoin has its own utilites, we need to stop comparing both. Due to high price volatility of bitcoin its not advisable to get pay in bitcoin. You may convert spare cash to bitcoin for investment purpose. As far as Taxes are concerned, governments are fully aware that they can't control decentralized Bitcoin and will never allow such payment options. 

I can't take the volatility either, like right now I receive my salary in USD, but we know that USD keeps going up and down, and sometimes when I sell it to my currency, it is already down, and I can't take it because I have less salary. That is why I prefer to be stable, and we know how volatile Bitcoin can be. If it goes up, then for sure we will be happy, but if it goes down, that is really a problem. For sure, a lot of people prefer local currency to bitcoin, unless you are just making your salary as an investment, like accumulating bitcoin and holding it for a couple of years.

In countries where Bitcoin is not legal, it is not possible to pay salary through Bitcoin because there will be legal complications. Governments will not approve Bitcoin as a substitute for fiat currency. Moreover, if payment is made in Bitcoin, the government will not get any taxes from it. I think this is not possible until the government of any country approves Bitcoin. If a country like El Salvador makes such a plan, it is possible to pay salaries through Bitcoin. However, if any employees engaged in small businesses that are not officially registered are paid through Bitcoin where there will be no hindrance.

If you still use fiat for transactions or to meet all your needs and pay installments or something else, it's useless if you receive a bitcoin salary. Because if your salary is only enough for one month's needs then your bitcoin will also run out and if the price drops drastically it will torture you because your salary will decrease in value and how can you meet your unmet needs.
except that a stable bitcoin price might make sense, and for now bitcoin is only good as an asset, or a long term investment that will make you rich in the future and also not to be used if there is no urgent need.

Exactly, at least until crypto will be massively accepted. But that's not gonna happen soon.

I also oppose entirely if my main job is paid in bitcoin because my whole family depends on that money, and I don't want bitcoin volatility to affect my family life. No matter what anyone says, we don't need to lie that we feel satisfied when our wages are paid in a volatile currency. Unless those people don't need to use their monthly salary, and it would be a bad idea to accept bitcoin payments for people who depend on their monthly salary. Bitcoin is not a stable currency and it is not suitable for payments such as wages.

It would be hard to do it massively as a lot of commerce are still not open to accept bitcoin. As we all know there is still an existing mindset of the public about the negative views on using bitcoin. Though I do agree that it will be a good change specially in trading and international transaction, it is something that will take a long time for people to accept and adapt. Hopefully though, one day it will come to that.

So far, this will not be of any mass nature, since the average resident uses a salary for daily needs, and bitcoin is not yet adapted enough to be used as a fiat. But I would be happy if I were paid a salary in bitcoins, since I save part of my salary for buying bitcoin and, if necessary, I can easily convert bitcoin to fiat if necessary.

I think it is far from possible because everyone needs a stable and fixed amount of income to manage their expenses. Bitcoin price volatility is a major concern and it will not be manageable for governments/ companies to send a fixed amount of BTC to every employee.
For BTC to be used for salary disbursement, it should be accepted/ regulated in the world. 

It's fine if that coin has a lot of volume and is tradable in many exchanges. But if not, there's also the agreement that you can set with the payee if you also believe to the coin that they're about to pay you.

Yeah, it's because of that preference, and if it's a liquid coin there won't be any problem at all. But the majority prefers to have it in the form of Bitcoin because it's not just being accepted as a payment but also it's a direct asset and investment for the receiver.

It would be really awesome if bitcoin payments were offered instead of fiat currency. We know that most of the world is currently accepting bitcoin payments in shopping malls for purchasing various products. As the popularity of this Bitcoin has increased day by day, it can be understood that the government of the countries will pay salaries in Bitcoin in many countries in the future. If we focus on one country then we can definitely say that bitcoin payment is really good and convenient. If we look at El Salvador, we can replace everything with Bitcoin. In El Salvador everything starts with bitcoins and what factories and institutions are paid by bitcoins. There people can take whatever salary they want in firat currency and bitcoin which makes the country really attractive. Now if the governments of other countries approve the replacement of fiat currency by Bitcoin then it is certainly possible to move forward economically. If the salaries of various organizations are paid by Bitcoin then I think it is definitely a positive step.

Personally, I'm not depending solely on my salary; I save a decent percentage every month, which is used towards my savings. I believe that I've got enough money to get me going for at least a year without working, so I'm not worried about not making ends meet just because Bitcoin's value has fallen. Thus, I could possibly afford to get paid in Bitcoin if I preferred.

However, I'd rather not have a volatile salary; what's the point anyway? You can't directly spend your Bitcoin towards your daily needs unless you're using an exchange such as Binance by funding their debit card, something that we all know is frowned upon. A stable Bitcoin also wouldn't make sense; use stablecoins if that's what you're after. Get paid in fiat, and then create an investment plan depending on how much money you can afford to set aside for this purpose.

It's still difficult for it to do (at least for now) because in the majority cases, people from lower socioeconomic classes have not been "touched" by Bitcoin due to lack of literacy and distrust.

OP, I think the reason why some people have not accepted to use Bitcoin is because it is not a stable currency like fiat, so even if wages or salaries are paid in Bitcoin, most people will sell it back to fiat immediately they get paid. The reason is that they do have an urgent need to spend money, so they will not hold the Bitcoin they received from Pay; they will just sell it off. It really did make sense to some people, while to many people, it doesn't. Your friend is only living in imagination because Bitcoin cannot be used to pay a salary unless the government has finally approved of Bitcoin being used as legal tender.

It would be really nice if salaries were paid in btc. For those who wants anyways. Not everyone I think, would want to be paid for their services in bitcoin.
While it’s safe to say the popularity and perhaps usage is regularly increasing, I don’t know about governments of the world paying their employees later in the future with bitcoins. I don’t see that happening. Paying employees with CBDCs later in the future seems more likely than paying in bitcoin.

Paying middle to lower income earners in bitcoin would mostly have them swapping the bitcoins to whatever fiat currency being used in their locale. I don’t think a low income earner would favor being paid in anything except his local currency that he can immediately use.

I would really like to get paid in BTC if it were a preference or may be get my salary in 50% fiat and 50% BTC.
That way I would get the flexibility to use both at my convenience but yeah the sad reality is that the governments are far from making this a possibility.
Although are jobs that do pay in BTC but our day to day jobs don't have that option as of yet.

Bitcoin is growing worldwide every day. Virtual currency is censorship-free and central bank-free. Who wouldn't want that? You're right: El Salvador is leading. The first nation to legalize Bitcoin. "Crypto-paychecks" would be liberating if salaries were paid in Bitcoin. What a financial freedom leap! As we advance toward this crypto-future, we must address complex regulatory and security challenges. Im excited about the Bitcoin shift, but I know the road to crypto-utopia will be long and difficult. That makes it exciting, right?

But this all depends on which government they are working under, or will I say it's based on what kind of employment they have with the government, because not everyone who is under the government pay check is living above a country's poverty level.

All civil servants are receiving their salary from the government, no matter the level of which they have attained since they are being classified grade by grade, and that's how their salary defers. Here in my country, with just my weekly signature earnings, I can consider myself more financially stable than most of the government employees out there. My point is that not all who are under the government are rich. Even if they are Rich, Bitcoin is not only for the poor. Rich people also want more if we are to look at it as a means of acquiring wealth. Most of them also want to try out new things and, at some point, avoid the public's eyes in some transactions that they will want to perform.
 
I agree with you that not everyone needs Bitcoin like we do here, but those above-mentioned points alone do not restrict anyone from wanting to own Bitcoin. We have those who were financially stable and famous even before Bitcoin, but we all have them right now, bagging more Bitcoins than we are doing. Owning Bitcoin is a choice that anyone has to make for themselves; either you want it or you turn a blind eye.

Bitcoin is a digital currency that anyone can use as they wish but many may like Bitcoin and many may not like it.  So I think paying in Bitcoin would be forcing Bitcoin on everyone.  Which does not support Bitcoin. And on the other hand Bitcoin is still restricted in many countries so it will take a long time to spread globally. But the topic of salary in Bitcoin is very exciting for me because I know about the benefits of Bitcoin.  And I get paid in Bitcoin every week by signature campaign  :)

It entirely depends on what country we are talking about.  Some countries are of course much more conservative than others and wouldn’t even think of allowing this but others will be more open to it. For instance China wouldn’t even consider it, but I believe nations such as the United States would eventually be open to it. In fact I don’t believe there’s any laws against it right now?

The only way for this to be possible is if salaries were paid in BTC but were set in fiat or with some stablecoin. Otherwise salary negotiations would be a nightmare and the ever increasing price of BTC due to the surge in demand would make a lot of companies go bankrupt. Governments would also have to step in and apply regulations, a lot of them are likely to ban the use of bitcoin altogether.

On a more personal level I would rather get paid in something with more stability, the world economy is somewhat rocky as it is, no need to add more instability to anyone's life.

I get a lot of my income in Bitcoin and other crypto. But I see it no different than a salary even though I do not have a boss.

The only issue is having to learn how to not to spend it. Because it seems to me that spending a cryptocurrency like Bitcoin is so easy and efficient, that you might not notice when you start spending large amounts of BTC. Unlike with paper fiat money, BTC does not possess the quality of physically tangible value. But since spending is a good thing then that might make BTC into a strong positive force for the economy, if it were the global money standard and all salaries were paid in BTC.

Of course if the government accepted that, then the price of Bitcoin would skyrocket like in the past. We would see ridiculous prices.

It will be the same once you converted it to paper money.  Since there are not so many merchants that accept Bitcoin in my place, I am converting my BTC to fiat money in order to pay for the bills and use it to add more financial support to my family.

If Bitcoin is used as salaries, as I stated, there will be a huge demand on the market and will result in increase of price of BTC.  But I believe such idea is too much for an employer since he have to buy BTC and distribute it to his employee when he can just pay them with fiat money and avoid the trouble of extra steps in paying his staff.

for some things, i think bitcoin is still quite difficult to use as a means of payment rather than just an investment asset, the discourse on bitcoin being used as a salary payment has been discussed in this article (https://www.theguardian.com/us-news/2022/jan/21/eric-adams-new-york-city-mayor-paid-cryptocurrency)

fees problem, bitcoin regulations in the country, and also fluctuations in bitcoin prices are the main points ^(reasons) why bitcoin is still quite difficult to make as a salary payment, even so bitcoin paid campaigns in this forum ^{(signature campaign)} are actually suitable as examples by countries that want to make bitcoin as a means of paying salaries ^{(to be honest paying salaries with bitcoin is not difficult at all)}

I pressed two buttons, and it cost me 35 cents to complete the transaction within three minutes. There are many individuals with significant financial resources who have grown weary of traditional banks. This is precisely why Bitcoin can be utilized as a means of payment for salaries, as there are numerous people with substantial funds who wish to avoid being involved in the complex systems, whether they are involved in illicit activities or are law-abiding citizens. Unfortunately, banks tend to disapprove of my attempt to transfer my money.

Actually when you convert to paper money immediately,you don't have any profit from the bitcoin.If you hold the same bitcoin for a period of 3-6 months, then you analysis the correct value of the same bitcoin.Surely you will get 10_20% of minimum profit from the same bitcoin.Even you can buy some valuable coin using your bitcoin salary.It will multiple your money to 2* or 3* of your income.This was main reason for the people to ask their salary in bitcoin as compared to paper money.

That will be very much interesting but how is it possible to use bitcoin to pay salaries of workers because it only 0.001% just imaginative figure of countries accepting bitcoin in the world so such thing will not happen for now and if it happened, it will be years to come and not now.

LOL, what are you talking about? If you can easily make such a profit then you can also use fiat currency and buy bitcoin for profit. You don't need to be paid in bitcoin to do that. What you say has nothing to do with us getting paid in bitcoin, what you say is about investing, and you can also invest using fiat.

What makes you sure that you will make a profit holding bitcoins within 3 to 6 months? And what do you rely on to be sure that investing in altcoins will give you 2, 3 times returns?

it will not be a good experience for low paying job because Bitcoin has a  transaction fees who is around $1+ but when people get fiat money as salary directly in there hand  then he can use a properly without any transaction fees. but if people accept payment as Bitcoin So it will be a digital method but we don't know if it will be liked by everyone because everything has its fans as well as its haters. But as a Bitcoin user it would be much better for me and I have no problem accepting it

There are still many restrictions in a country so that bitcoin is difficult to make as an employee salary because there will be many factors making this difficult to do, a country has regulations so it must be fulfilled and must not be violated.
This forum is global so payment in the signature campaign I think is still very reasonable because here the majority is discussing bitcoin we will not take issue with it but people who don't know what's what then it becomes a problem for him.

Fiat is easier to use in an area, it must be easy to do anything with fiat while bitcoin is still difficult to reach in certain areas and there are still many who reject bitcoin.

This means that the wages a person receives will not have a fixed value if the salary is paid in Bitcoins.  Of course, this will greatly affect the economy of each country and can affect the circulation of money itself.

That would be great actually, but how many people would want to accept bitcoin as a form of payment? First of all crypto currencies are very volatile. What if after receiving their payment the price crashes? They would regret accepting bitcoin. Secondly, I am sure they don’t pay their bills or rent using crypto. So they will have to eventually convert their payments to fiat first. They will lose some money due to fee and stuffs like that.  So why would they want to accept bitcoin if they eventually have to convert it to fiat? Wouldn't it make more sense to receive payments in FIAT first and then buy bitcoin with their savings?

Then what are the results of the discussion and what can be concluded, because not all countries accept bitcoin and there are certain rules that can limit bitcoin as a commodity asset and not legal as a legal tender.

More precisely not all governments allow fiat to be replaced by bitcoin, but no one knows how it will turn out in the future, because if we say it is impossible then El Salvador has already taken that step. Maybe the approach is different and needs further adaptation on this issue, but realistically in the near future this is not possible, because there are certain limitations that may not work as quickly as we would like regarding salaries paid in bitcoins.

Regarding the issue of salary being paid with bitcoins depends on the person receiving it and maybe not everyone is willing to be paid with bitcoins for certain reasons. For example because the country they live in does not fully accept bitcoins or there is no place to buy something using bitcoins.

This depends on the law of a country whether they allow the utilization of BTC as legal tender.

In the Philippines, wages/salaries should be paid in the legal tender prescribed by law. Any other means of payment is prohibited and this is strictly followed. If in the event that salaries/wages are being used as payment, then the law should allow so.

Personally, I would prefer that my salary be paid as 50% in fiat; and 50% in cryptocurrency depending on my liking. But this kind of payment method is relatively difficult to accomplish given the structure of payment that must be secured by the company.

Having salaries being paid in Bitcoin would be one great experience depending on the country because I don't think some countries would buy the idea of paying with Bitcoin since is not acceptable.
Another problem that is stopping it from happening is the government, they won't let it go down that easy since is not like fiat that can be monitored while Bitcoin can't be monitored. The government would do everything possible not to let Bitcoin come out of the open. The idea is charming but is not going to be easy for it to happen (paying salaries with Bitcoin).

There are many if and else in getting monthly pays in bitcoin. The governments are offended since they cant tax a decentralised bitcoin. Secondly the most important issue in receiving pay is bitcoin is its volatility. You receive pay when Bitcoin was 30k and in the evening it went down to 29k and next morning it up again. These are few questions that need to be answered first before we start receiving our pays in Bitcoin or in some other crypto.

Yeah, your choice. But it doesn't mean that even if you are paid your salary in Bitcoin, you will not have the choice to sell it off immediately after receiving your payment. Although it's just an imaginary thought, even if it were to become reality, people would not be forced to hold and spend it, but for those who would still want to hold Bitcoin, it will be an advantage to them because they can only sell a little fraction of the Bitcoin for what they want to spend on and keep the rest in Bitcoin. Perhaps some people even say that they have discovered that they are able to save more in Bitcoin than in fiat because they can easily hold Bitcoin, but fiat is just something they can easily spend. If fiat salaries are replaced by Bitcoin, some people will also be happy about it.

Well, since I'm paid in BTC through signature campaign I think I can already consider to have my salary paid in BTC, so I have a personal experience on this matter.

In my opinion it's great. There are more pros than cons. I just need to exchange into fiat money I'm going to use for daily expenses, while the rest of the money remains in BTC for investment and long term gains purposes.

Cons consist in having to pay transactions and middleman's fees, what decrease your liquid wage and the well known volatility which can push your money's value downside on short term (although the opposite is also possible, what would be interesting in this situation).

If you get your salary in fiat you can also do this easily and quickly, and I don't think have too much of a difference between the two. You can also convert your fiat salary to bitcoin immediately upon receipt and the rest to spend.

This is the downside and also the reason I wouldn't support it. Our daily lives are tied to fiat and it would be inconvenient if our wages were bitcoin and its volatility.

I would support if it was a side job and paying in bitcoin could be a great idea. But if it's our main job and we need to use that paycheck on a daily basis, then that's not as great as many people are saying.

So far, I haven't met anybody in my hometown that is being paid in Bitcoins for his main salary. It's one thing to work on the side for some projects and be paid in BTC, but to receive all your money in BTC only might be a bit hard. First of all, the government wants its taxes in their own Fiat money. Sending them monthly BTC for the tax bill is probably not going to be accepted. The same goes for all the utility bills and other living expenses, I have to pay everything in Euro and can't choose to use BTC. It would be nice if the world changes so much that we could choose freely in which currency we want to pay our bills, but I don't see this happening any time soon. So, the only alternative is to exchange our BTC to Fiat on a regular basis each week or month, which creates a big risk if the BTC price moves in the wrong direction. Short term price movements could lead to financial losses if we need to pay bills during bear markets.    

You still need to convert it to your own currency, even if you were paid in bitcoin. You are right; only a few merchants accept bitcoin as payment, and again, they are so few that you also don't notice them because most of the services that we pay for are in fiat. I haven't seen one that was receiving bitcoin as their main salary, but my coworker is almost doing this because we are paid via Paypal and it is banned in their country. I've tried to ask him, but he refuses, as I've seen again on TV that bitcoin is illegal.

As long as fiat remains the main currency of the world, getting a salary in bitcoin or any other cryptocurrency will bring more disadvantages than benefits. I will decline if my main job is paid in bitcoin, I don't find it as interesting or convenient as many people are saying. Even I believe that even the salary we earn on this forum, many people will convert it into fiat as soon as payment is received. So, what is the convenience of getting a salary in bitcoin here?
We take our salary in fiat and then invest in bitcoin as much as we want, that's been going on for 14 years, and has anyone experienced any inconvenience?

The variable value of the salary received via Bitcoin is only because the price of Bitcoin itself is never fixed and I think this also has its own advantages for those who receive it because wage earners can save it by expecting an increase in the price of Bitcoin so that the amount of money they receive earn via Bitcoin can also increase even though they also have to be patient when they see a decrease in price after receiving a salary via Bitcoin.

But if we look at it, there's a few jobs that are paid in Bitcoin like for example here in the forum which is the signature campaign that they will pay you thru BTC. So in short, I think it would only work in crypto currencies related work since the employee or the worker are aware on how Bitcoin works despite it's volatility. I think they would like to be paid in BTC than in fiat currency since they could hold more BTC without investing fiat money. But if it comes to corporations work? Nah of course it would not be a good idea, it's like giving them a random amount of money since BTC are volatile it changes it's value time to time. And the fact that's the hassle you'll need to do since you will still need to convert it to fiat money so you could use it plus the transaction fees.

In my opinion, it’s best for companies to have knowledge about BTC first before implementing it as a payment method to their employees.

After that, they should educate their employees about Bitcoin as well as the risks of having an up and down price by the time they get paid by it.

They should not make it as mandatory though, but just giving the employees an option if they wanted to be paid in BTC.

Many on the forum understand the potential of bitcoin and will hold it, there are, of course, those who will cash it out and use this money, this is everyone's choice. And if you received a salary in bitcoins, then you could also exchange them for cash and there is nothing difficult, but the money that you can afford to save will immediately remain in your wallet in bitcoins, and I think this is very comfortable. I would not mind at all if I could receive a salary in bitcoins at my main job, because I see only advantages in this, I am much calmer when my funds are invested in something more reliable than fiat, which is subject to inflation.

The possibilities of salaries to be paid with Bitcoin is not imaginably in the nearest but would be a one way welcomed system. But it should be reminded or educated that as there goes inflations and deinflations of the economy would be equivalent nature of your salary paid by BTC.

You can be paid a required amount now and then could either be accompanied with a higher or a lower fluctuating system.

This would in one way enhance your investing technicalities where salaries can yield profits but also a stake of gambling due to its fluctuations.

i think it was to early now. Still only 12% of the world's population knows about crypto and their knowledge about crypto and bitcoin is very weak. I think it is not timely to make payments in bitcoins in such a situation. One day in the near future, once people become aware and the restrictions on bitcoins are strengthened, I can make a reconciliation to your topic.

Salaries to be paid in bitcoin? Obviously, if this happens in many companies around the world then it is a big positive news on bitcoin and its believers. But then once again, how willing are these companies and how will the governments react knowing bitcoin is only considered a legal currency in only 2 countries? But in the future, if many countries will adopt bitcoin as a legal currency then I am confident that there will be many companies that will consider paying their employees with BTC. Consider me one of those people that are willing to accept bitcoin for my services.

if the salary base is based on fiat, I don't think it's a problem, so every month we will earn different amount of bitcoins, because if monthly salary is based on bitcoins and we earn bitcoin amount every month, it will hurt us, because the bearish season lasts more longer than the bullish season. but to be honest I'm more comfortable with the current situation, we get fiat salaries, and we can invest as we wish in bitcoin, because after all fiat is recognized in our country, and all payment transactions use fiat in my country

But you still need fiat for your life, you can't survive without fiat, and if your salary is paid in fiat, you can also convert to bitcoin easily without having any trouble.  furthermore, I find converting from fiat to bitcoin helps us to be more financially proactive than converting from bitcoin to fiat. What happens when you get your salary in bitcoin and 1 hour later bitcoin drops 10%?   but if you get your salary in fiat, the bitcoin price drop gives you a bigger chance when bitcoin is already 10% cheaper.
We all invest in bitcoin because we believe in its potential, but is it okay for it to become a currency or a payment method because of its volatility?  as I know volatility is good when we use it for speculation, I have never heard that volatility is good when used in payments or currencies.

Companies do not have to buy and hold BTC to pay people in BTC, and also don't need to provide a fixed amount of BTC in salary. It also does not have to be a nightmare nor would it cause companies to go bankrupt.

Companies could charge a 1% fee for exchange rates and convert salaries to BTC at spot price, this would not cost them anything nor would it effect them in the long-term. In fact, since 1℅ is above what most exchanges charge, they would profit the difference in the long run.


You mustn't know the long term value proposition of Bitcoin and the short-mid term destiny of fiat if you believe that fiat is more stable than Bitcoin.

Do you know how inflation or monetary policy works and how while you hold money, it keeps its perceived "value" while the cost of everything you can get for it goes up? That's not stable.

Im with this, even though im really that much supporting about Bitcoin or cryptocurrencies existence but we cant really still deny the fact that we are still really that needing fiat on day to day basis kind of transaction.

There are things which we do know that cant really be transacted by crypto on which fiat would really be still the main stream no matter what.Why would really be needing to choose or stress out ourselves as long these both things could really be applied and could really be used? If salaries would be paid with Bitcoin then it would be impossible that there would be no announcement or meetings in regarding on such change considering that this one would be talking about on a company on whose such big changes would really be needing to hear out peoples suggestion and agreement with that because for sure not all would really be going in line
with such changes which it would really be normal considering that recognition and adoption isnt really that just that too widespread or been known.

Salaries paid in bitcoin is a big relief for all the bitcoiners. This helps people to be strong against the inflation. As in the above statement, the volatility will cause big difference in the value received. This is the only flaw, however to overcome such issues it is good to receive certain percentage of salary in terms of bitcoin. So that the daily needs can be met with the fiat and the rest can be kept aside for long term. In between if things were supportive one can enjoy the profit and think of buy back when market drops. Volatility is good when we buy things with bitcoin and the price at its peak. When we buy things when bitcoin is at the bottom, later when there is rise in price we'll see the price of the product bought earlier having half the amount spent.

We are talking about whether it is better to pay in bitcoin or fiat, which means we are talking about the short term as the salary will be used for daily needs, and the rest for savings and investments...And in the short term, fiat will be more stable than bitcoin, fiat doesn't lose 5% or 20% in a day, a week, but that always happens with bitcoin. So I don't see any benefit to getting salary in bitcoin either.

I prefer to receive my salary in fiat because I actively plan my monthly expenses and the rest I will invest in bitcoin. Furthermore, I find I have more advantages in holding fiat and waiting to buy a DIP than just holding a fixed amount of bitcoins I receive.

For example: you get 1 btc at 30k$ and I get 30k$. But then bitcoin drops 10% and you keep holding and don't dare to sell because it's depreciating, while I'll use that $30k to buy BTC and my bitcoins will be more than yours. Which one has more advantages? Given the volatility of bitcoin, it is more suitable as an investment asset than a currency. And to get a return on investment, it is necessary to buy low and sell high.

OK - that's your opinion but that does not mean that this is the economically correct option.

If you are planning your expenses in fiat for the month, put that in Tether. Or, put more months worth of expenses into tether and keep on doing that until your expenses are covered for months or years, then save in Bitcoin, as the long term outlook will bring gains. You can use DeFi to earn interest on the tether or p2p lend like HodlHodl, and use P2P marketplaces like agoradesk or hodlhodl to withdraw it into Fiat. Ultimately you best inflation this way and create new opportunities to off-set it, while you can save Btcoin instead of dollars.

The point of being paid in Bitcoin is to use that as the primary savings method instead of fiat. Obviously opting into bitcoin salary is optional, if you are really living week by week or your salary only covers your monthly expenses, then it won't be of preference.

In terms of seeing Bitcoin as a depreciating asset, that's factually incorrect both by history and from a long-term view.

That's what I want to say, we still feel more comfortable being paid in fiat and we will be more proactive in investing in bitcoin, we can buy as much as we want. If the market shows a strong bearish signal, we can wait to buy at a better price, we will buy more bitcoin with the same amount of fiat. This is also easy to see but I don't understand why many people don't see this advantage if our salaries are paid in fiat. Even they are doing it every day, they are still receiving their salary in fiat and always want to buy bitcoin at a cheap price, but they still don't realize.

This is practically not possible. As Bitcoins price is not fix always, so the companies will refuse to pay using this. Moreover Bitcoins are so expensive that no organisation will like to giveaway it to their employees. Also if you see then many government haven’t yet legalised Bitcoins, so yes if they take payment through cryptos, then they might face legal warnings. So yes practically what OP is trying to say is not possible. Yes you can take payment for part time jobs, as these are not frequently tracked.

What is the big relief here? If you are paid in fiat, you can also invest in bitcoin with the amount you want, no one forbids you from that.  don't mention inflation here because it has nothing to do with it. whether you can fight inflation or not is up to you, I am also receiving my salary in fiat, and I am fine with inflation because I use fiat to invest in inflation-resistant assets.  It has nothing to do with whether you receive your salary in fiat or bitcoin as converting between them is easy.

Let's take a most practical example, are you working outside?  and is it problematic or difficult for you to use your salary to invest in bitcoin?  that alone is enough to prove whether paying in bitcoin is beneficial or not.

That is true, additionally bitcoin's value goes and up and down and hence is not stable enough as means for salary. A lot of workers will find this inconvenient as many uses their salary to pay for fix bills (like rents and loans) and so they will have a problem with the changes of bitcoin value. As far as possibility, it is far from ever happening.

You Know in this region like 50% of person are still out of the digital word, not everyone use a smart phone or know about Bitcoin

It's a nice thing but we all have to be in the digital system first which will go a long way...

As nice as this may sound, it will be counter productive if implemented. Due to the fluctuation in the price of Bitcoin,it will be difficult to pay salaries with BTC, and also who will pay for the transfer fee, will be on the employee or the employer?
So, right now, it won't be a good choice to pay salaries in BTC.

I don't think that it's really a good thing to pay salaries in Bitcoin in its current state because we all know that how volatile Bitcoin is and if someone salary is paid using Bitcoin and suddenly within few hours the market faces a crash then the value of the salaries will be greatly reduced and that's not a good thing at all. I know that inverse of that can also happen, but still there are some chances that market may face a little downward moment every once in a while.

Although, I'm not against such proposal because it would greatly increase the adoption of Bitcoin, but still we will have to wait for the day when the volatility of Bitcoin will be controlled and things will work in our favor. In current state, Bitcoin can be used as a complementary currency for the exchange of goods, but it can be used as a main asset for investments.

I am not sure if it would be that weird. After all you are capable of exchanging it quickly, which means that you could pay people in bitcoins, but all you are going to be paying is the dollar version of it.

Well, you can put your money, the money you would pay in fiat, into an exchange and get something like USDT or BUSD, which means that you are going to have the same amount of money, it is not changing. Then you are going to end up turning it into bitcoin and paying people that same moment, which means that you are only losing the same amount of dollars as you would but they are getting paid in bitcoin instead. If it goes down, it's their trouble, if they preferred bitcoin payments then they took that risk and they have to eat up the losses.

First of all bitcoin is not permitted in every country so it will be difficult because government will not allow it other thing is that salaries are not as large to be equal to the worth of bitcoin.

If salaries are provided in the form of bitcoin then there will not be a constant salaries in one month it will be higher and in other month it will be lower and also you will pay in form of bitcoin for each and everything.

Bitcoin's famed volatility can be mitigated, at least in the short term, by using stablecoins like USDT or BUSD as a go-between for Bitcoin transactions. The recipient has the option of keeping the Bitcoins as Bitcoin or converting them back into fiat currency.

One of the advantages of cryptocurrencies is highlighted by this method. It's fine with decentralization and provides the reassurance of fiat money.

Despite the dangers, Bitcoin and other cryptocurrencies provide users unprecedented control over their own finances. These 'risks' may become the norm as the digital era continues to develop. After all, we can shape the destiny of our own digital currency.

I don't. i think that everyone or maybe every country is not ready to do this at this time or in the next few years.
Because Bitcoin is volatile , Bitcoin is not or has not been accepted by all parties, and knowledge about Bitcoin is still minimal in society.
Maybe there are some people who have received their salary in Bitcoin but not everyone can and understands how to use Bitcoin.

This is true. Lack of knowledge and background about Bitcoin is already a deal breaker for a lot of people and thus it is pretty impossible for it to happen today and in the next few years. People will be too skeptical about it, they will not trust something that they have little to no idea about especially when it comes to their money.

I agree that Bitcoin volatility may be the reason why people may hesitate to take salaries in BitcoinBTC but if people are clever enough, they would know that Bitcoin prices will always be moving in the upward direction in the long run. So even if they take salaries in bitcoin, they can convert them instantly into fiat money and keep some savings still in bitcoin for the long term.

If you ask me to keep some money saved for the future, I will always prefer Bitcoin over a dollar or any other local currency. The reason for this is that the value of your money in dollars will always decrease due to inflation and the money in bitcoin will always increase due to limited supply.

The idea is nice but there are too many things playing against it.

First of all, not everybody accepts btc, only a tiny part of anything does. You can't pay your rent in btc, can't go shopping (mostly), can't pay your bills.

So you have to convert it into fiat, which cost money and you lose %. Also the price matter too much. Some people have to count every single $. OF course if the price goes up shortly after you get your salary, that's great. But if it drops those people will be in serious trouble since every single $ is important. Suddenly you see yourself down 100-200 or more, but you calculated with this money.

Too many problems against much less advantages.

Of course we would prefer Bitcoin over dollars as we know the potential and value of Bitcoin. We have knowledge for Bitcoin that we would like to be paid in Bitcoin but how about the other workers? Not only the volatility of Bitcoin would be the issue for them but also the hassle that they still need to study Bitcoin and knows how it works like converting it to fiat money because not all people have the time to study as they really need to work their ass off just to provide their needs or for their family. Maybe it would work for people like us as we know how to manipulate Bitcoin. It might be possible in the very future since people might get difficult to understand from the transition of currencies.

This got me silent for some seconds. 8) This is a very good move if the company should adopt bitcoin for bitcoin payment of salaries, they will get to spend through Bitcoin, live the life they want all on chain transactions without ever touching the fiat again and bitcoin been a global currency and censorship resistant, it will ease the pain of boardless transactions without anyone stepping on your toes, it will also expose employees to bitcoin, how its been use and done and, many more.

However, there is a major difficulties when it comes bitcoin for settling payment for workers, many of them will reject the option of receiving bitcoin for payment because you can't keep bitcoin for 30 days without having price fluctuation, it may go up or may come down, it is 50:50. Many salary earners love to keep their money into saving, they wouldn't be happy if they left for $100 change to $80, that is about $20 loss with 20% reduction in values which is possible in monthly frame, it will be a disaster for those who hold more than that but I guess they will be happy when there is 20% increase in price. I think many will not accept this option of bitcoin for work.

Furthermore, when bitcoin are been used to settle workers, they will have to sell it to buy basic needs and pay bills, the government also collects tax when you receive bitcoin as payment which is around 10% to 30%, that is like working and giving everything to the government when it is possible to have static of 10% when you don't earn above more than $20k, instead of converting bitcoin to fiat to pay unnecessary expenses and tax, pay banks tax, why not receive everything in fiat and save the headache. After that, anyone that wishes to buy bitcoin can do so from their salaries.

If a company implements such a system for their employees and I am one of the employees of the company that will implement it, I will be happy. Of course it would be easy for me to save Bitcoin.

But, it is impossible for that to happen right now, because if that happens it means that the importance of fiat will be gradually eliminated for sure. This is what I see, of course it can be seen that Bitcoin can be used as money even digital so Fiat will lose a lot of sense in the eyes of the majority.

With HD wallets, your company can do that but as a staff and receiver of their Bitcoin payment, you must be a Bitcoin investor and understand that price can change a lot within a few hours. When you understand all these, you will not feel disappointed and panic when a few hours after receiving your salary payment in Bitcoin, its temporary value can drop to 10% or 20% lower.

You must have plan to use those bitcoin from your salary. Like when price drops 10% or 20%, you will not have to sell it to have cash.

If salaries were paid on bitcoins on global scale, poverty will increase. Here are my reasons on this issue. Investors will love to invest before month-end and then cash out when month ends having known that the government will buy more bitcoins which will be distributed, more also if the government or private companies hold huge amount of bitcoins which will be distributed on monthly basis, investors will take the advantage to dump the market before workers withdraw or convert their coins to fiat. This phenomena will leave the market in a dangerous position for workers as they run shortage on a dump market. Don't forget that, they need money for their day-to-day living. I can only believe this suggestions as illusion  in respect to the volatility of Bitcoin, no workers will agree to this terms

Yes maybe for you it will be happy, but what about other people who do not like bitcoin or do not understand it let alone they work in a manufacturing company whose majority is the head of the family who does not know anything about bitcoin.

True I feel so this will never happen. How can fiat be eliminated by bitcoin, I feel it will never happen but if your scenario is like that then the government will lose control because every holding bitcoin will not be controlled by the government, while my principle is until any government will maintain fiat from all aspects whatsoever.

Volatility would really be the main concern specially if you are that the employee of a certain company which do make out such changes when it comes to payment or your salary and if you are that someone who isnt prepared then you would be basically be finding out ways on making direct conversion or selling it out on the time that you would be able to received it because we do always prefer on getting our paycheck in 100% and its true that on the time that you would really be receiving it on Bitcoin form on which the value would really be making out those kind of movement on which this had been the case.It would be good if they would really be making out some meetings first or announcement on such change so that if majority of their employees wont really be liking the new system of their payment then the owner would really be giving out some options in between fiat and Bitcoin itself because it would really be just that a selfish act if you do really be deciding on forcing them out on getting one option. Always be mindful about the condition and situation that your workers
had because we know that not all would really be that agreeing on such changes.

Unfortunately, at present, such a scenario is not feasible in my country (Indonesia), as the government has yet to authorize BTC transactions. Even though it does not pertain to buying or selling goods, salary payments fall under the category of transactions between companies and service providers.

Suppose salaries were allowed to be paid using BTC. In that case, my prediction is that cryptocurrency exchanges would experience a surge in monthly visitors, as workers would promptly convert their earnings into FIAT money and commence their day-to-day expenditures. Around 20% of individuals might engage in speculation, hoping for a future price surge. It's as if he's earning a much larger salary due to the volatility of Bitcoin.

Yes, it is the exchanges that will benefit the most if our salaries are paid in bitcoin but fiat is still our main currency. But it would be pointless and silly if we receive our salary in bitcoin but still need to convert to fiat for our daily needs. If the government accepts, that means they already treat bitcoin as a currency, and if it is already currency, we don't need to convert to fiat. But that scenario probably won't happen because if it does, what will the future of fiat look like as governments use them to control us?

Salaries should not be paid in bitcoins because the bitcoins will be quickly converted to cash for use by the workers almost immediately after they receive it. This is because bitcoin is not yet generally accepted and there are not so many shop owners and businesspeople that will accept bitcoins for payment. If there had been, then the bitcoins received in form of salary can easily be used directly for transactions without need for change, and it will not create any issue.

If the bear season lasts much longer than the bull season, then you will be able to get more bitcoin in the bear market, right? So it's not all that bad after all. But the choice, of course, remains with each of us, whoever is more comfortable, especially since now almost no one has such an opportunity to receive a salary in bitcoins.

What if the price goes up by 10% after getting paid, then you can buy less bitcoin. This is a bad example because bitcoin is quite volatile and you never know where it will move in an hour, local movements are unpredictable. Bitcoin will have to be converted to fiat if that's your only source of income, but if that's the case, then you don't need to worry about it. If it’s more convenient for you, you can immediately convert bitcoin to fiat after receiving your salary and you don’t have to worry about further growth or decline, because you will have the actual amount of fiat that is defined in your payroll.

For me, I think this can only be done only in Bitcoin-legalized countries, such as "El Salvador" and "Central African Republic" or in a crypto-related company/Exchange such as "Binance, Coinbase, Coinmarketcap" e.t.c where everybody understands the usefulness of Bitcoin as a worthy asset for store of value for the future. Because of what benefits will it be paying salaries in Bitcoin, whereby after the payment being made, the user converts it to fiat immediately for daily use, as such people will definitely miss the bull if the price of Bitcoin happens to skyrocket high, as they are only familiar with Bitcoin for transactional purpose and not investment purpose, which is where the profit lies.

So at such point, the basic orientation really matters

The idea is good because its being transparent but again right now most of the mode of payment comes into transactions so even banks detected the transactions committed by the company or the person its self as a payment, also people surely will disagree because imagine you earn a 100$ in your salary per week but due to market price movement its now dump and your salary is now a 70$ imagine you lose instantly a 30 USD without doing anything and instead you bought already a things you need to now its lose or you need to hold. Reason why they don't want to use the bitcoin as salary. Also not all country already accepted the use of the cryptocurrency.

wrong , it is their choices if they wanted to convert in fiat/cash or not m there are employees that also have other source of income in which they need not to take their bitcoin from salary to use instead they will only keep it in holding.

and also there are some employer that can ask their employee if they wanted to be in bitcoin or cash , still their choice .

If you accept and choose Bitcoin as your salary receiving method, you will have to accept risk and must know it would  be better if you prepare some cashes for future when you will not want to cash out your bitcoin with loss, lower price than when you get it from your salary payment. Without cash reserve, you will have to cash out your bitcoin or have to use it directly with on chain transactions to pay something.

Why not?

To reduce risk for employers, salary payments can be paid in two halves, one with Bitcoin and another one with either cash or stable coin. Salary payment methods should be in options and employers can choose what they like. If they only choose one method like cash or bitcoin, they will have to prioritize safety of your salary value or to take advantage of Bitcoin growth as their investment.

Yeh government from any country at current situation will not allow anyone to tackle his baking (fiat) system because it's the way through which government hold thier grip on citizen, where you will be dependent on government and there will be no financial freedom and privacy due to this you will be investigated for any big transaction. While Bitcoin solved all of these problems and provide you financial freedom due to which government will lose grip from him so currently it's not possible but later after huge inflation may be government allow such steps.

While salaries in Bitcoin is far good in such cases but while in other cases it harm you financially because Bitcoin has so much volatility and some time providing given amount of salary to all of your clients is not possible by time of dump in Bitcoin price also all those clients which has limited budget for thier need will not fullfill because of salary reduction due to Bitcoin price dump, so it's not a good advice for such business to provide salary in Bitcoin which has limited budget for clients salaries.

I think it will be great movement for bitcoin. People giving bitcoin as payment system it is best news for bitcoin. Not only bitcoin using for payment system. In future Bitcon will be legal in many country i think.

There are some considerations to take into account before we even start thinking what could change, where it could be good or bad, how to deal with lots of situations. But in my opinion, a starting point needs to be merchants accepting Bitcoin on their own. And also try to incentivate their providers to also accept Bitcoin. And maybe after that the snow ball effect kinks in and it will be eventually accepted legally by governments, even if we still have to pay taxes.
When adoption kicks in in major businesses, I bet that there would be a time where the price would be a lot higher but also way more stable because much more liquidity would come into Bitcoin!

First of all, topic #TBT has been copied in your context a few times, the issue of this controversy already falls into the philosophical aspect. :)

In any case, there are already a few "celebrities" who receive income in BTC, it will not happen in any country in the short term, although as I mentioned some politicians have taken it upon themselves to mention that they receive payments in bitcoin, in the same way athletes , but the "idealistic" issue for it to happen for ordinary mortals can only happen for now in El Salvador.

By the way, technically if you take all your salary and buy bitcoin, it makes a difference if your company or employer does... (?)

It doesn't have to run that deep especially if you're an owner of a small business, or if you're already an enterprise in the cryptocurrency industry who pays their users in USDT. I've seen small businesses especially in tourist spots in my country use or employ bitcoin payments in their establishments, doesn't seem to hurt them in any way whatsoever since it doesn't need maintaining anyway. And if they could do stuff like that to their business for sure they could ask their employees if they wanted to get paid in bitcoin instead. The matter of incentivizing the use of bitcoin for payment is a different discussion in my opinion, so it doesn't really apply here cause now we're talking about the business side of things and not the employee part of the situation.

We should also consider the potential tax implications of paying salaries in Bitcoin and how that would be managed.

How would it be when your salary was paid yesterday and today, you noticed that the worth had reduced by 15%. This can be shocking and that is what many people does not understand about Bitcoin. The market is very risky and for your to hold Bitcoin, you must be ready to accept any outcome you see as a result of being a Bitcoin investor.

Bitcoin is not a stable currency and holding it or being paid in Bitcoin can be profitable or unprofitable at any instance. It is important that we know the risk that we are taking before we decide to enter the market because ignorant will not bring back the lost fund.