What would happen if employees got paid in Bitcoin? Share your opinions!

[Mickeyb]

I think this will eventually happen, but I also think we are not ready for this, Bitcoin is too young. I mean look at last night, we have went from $250 and wehave touched $166 on Bitfinex. Need I say more? We are just not stable enough yet.

Also to answer your second part of the question, of course this would have only positive impact on the price, if salaries would be paid in bitcoins. This would give us much wider adoption.

[Luqman]

I receive part of my salary in BTC. Works absolutely fine. Obviously it helps that in my area, I can pay quite some of my daily expenses with it.

Which country do you lived budy?

[bitcart]

I pay my web developers in btc. From a business point of view it's much easier dealing in the single global currency rather than using my bank to transfer money to a different country in a different currency with fees and waiting time.

Mostly I see it as an advantage for the employee because it's a lot quicker than waiting for cheques and bank transfers to clear. Even if the employee needs to take a couple of days to cash out their btc on an exchange they possess their earnings a lot quicker than traditional methods so they are happier being paid in btc.

At least I speak for people who use the technology. I don't think a non-user would like to be paid in btc.

[Elwar]

That would be great, but I think we are not ready yet about that. Salary is given by our company in fixed amount periodically. But, with its unstable price, it would be an advantage or disadvantage for us, which we will get different value every payday. E.g, we get 1BTC as our monthly salary. In first month 1BTC is equals to US$300, but in next month it could be US$270. We have to use stable currency as our salary imo.

Ya, I don't think anyone every suggested getting paid in the same bitcoin value each check. We're not there yet.