How Should Blockchain Developers Get Paid—Crypto or Fiat?

[Vadym IP]

Looking at OP's website, they have an hourly rate in fiat. If OP's team is as experienced as he says I'd assume they've got deals before. Wouldn't the process for blockchain development be the same OP? Or are you suggesting your new blockchain development team will be treated differently because they work in crypto? Honestly I think you should ask them first before getting an opinion from us.

Hello, again! Thank you for reminding me about this thread. I didn't keep it updated because the users started discussing topic-related things. I will be honest, as well, was offline for a little bit.

No, the new dev team will not be treated differently. Before asking them first, I would like to dive into the topic as well. Getting paid in crypto has become a basic thing in the crypto world. Still, regulations and other things may make it difficult for you to, for example, provide papers for your brand new car, which some can't afford to pay fully. This is more a real-life situation, but yes, I agree with your point of view. Thank you!

[Z-tight]

Getting paid in crypto has become a basic thing in the crypto world. Still, regulations and other things may make it difficult for you to, for example, provide papers for your brand new car, which some can't afford to pay fully.

I don't think i understand you completely, are you saying people will have a hard time spending crypto on certain things? I disagree though if that's what you mean, as long as crypto isn't illegal in your country where you are making the purchase, you should not have any problems. If you buy a car using crypto, they'll simply issue you the papers like when you bought it with fiat, no? There are so many merchants around the world selling stuffs and accepting crypto as payment.

[Vadym IP]

Getting paid in crypto has become a basic thing in the crypto world. Still, regulations and other things may make it difficult for you to, for example, provide papers for your brand new car, which some can't afford to pay fully.

I don't think i understand you completely, are you saying people will have a hard time spending crypto on certain things? I disagree though if that's what you mean, as long as crypto isn't illegal in your country where you are making the purchase, you should not have any problems. If you buy a car using crypto, they'll simply issue you the papers like when you bought it with fiat, no? There are so many merchants around the world selling stuffs and accepting crypto as payment.

Thank you for your comment! No-no, sorry for the misunderstanding. I've meant car or house loans. The cases when you need to prove you're capable of making scheduled payments.

At least as I know - no (it depends on country, though). If I understood you correctly.

[BenCodie]

You're always better off being paid in Bitcoin or alternatively another crypto/token that is in the top 20 in my opinion. Why would you want to be paid in fiat? If the other party has Bitcoin or another crypto, make a multi signature (not sure if there are escrows or better methods for these kinds of contracts nowadays, worth researching/someone else sharing input if so). If the client doesn't know about Bitcoin or crypto, you are probably better of just accepting it rather than having (not so much) fun to explain it to them (warning: it will may turn them off the deal in the process).

[Vadym IP]

You're always better off being paid in Bitcoin or alternatively another crypto/token that is in the top 20 in my opinion. Why would you want to be paid in fiat? If the other party has Bitcoin or another crypto, make a multi signature (not sure if there are escrows or better methods for these kinds of contracts nowadays, worth researching/someone else sharing input if so). If the client doesn't know about Bitcoin or crypto, you are probably better of just accepting it rather than having (not so much) fun to explain it to them (warning: it will may turn them off the deal in the process).

Totally agree. Maybe this is the only proper way to find the solution to this case.

[dansus021]

Still, I have a new question: How do you think blockchain developers should be compensated?

I'd love to hear your thoughts and personal experiences. How have you approached this, and what would you recommend? Thanks.

Most of the big crypto companies like Binance or other centralized exchanges pay the employee using fiat or stablecoin but bonuses in crypto.

When i do freelance here in the crypto world I usually get paid in USDT or USDC or any form of stablecoin but if the client wants to pay me using other popular coins like ETH I'm still welcome it. If should to choose between fiat and crypto Im gonna definitely choose crypto

[Vadym IP]

Still, I have a new question: How do you think blockchain developers should be compensated?

I'd love to hear your thoughts and personal experiences. How have you approached this, and what would you recommend? Thanks.

Most of the big crypto companies like Binance or other centralized exchanges pay the employee using fiat or stablecoin but bonuses in crypto.

When i do freelance here in the crypto world I usually get paid in USDT or USDC or any form of stablecoin but if the client wants to pay me using other popular coins like ETH I'm still welcome it. If should to choose between fiat and crypto Im gonna definitely choose crypto

Thanks for your input. Especially about the freelance activity and Binance.

Do you always pay attention to the coin price when deciding to receive a payment? Were there any cases when you agreed on receiving X amount in coin, which was $X at the moment? But after completing the job, the amount of coins in equivalent to USD is more or less, then you've agreed?