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Author Topic: Will you accept bitcoin as your salary?  (Read 183483 times)
CoinFoxs
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October 08, 2016, 01:54:26 PM
 #2001

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

The problem atleast for me dollar and pounds arent the currencie here, soo i will have to exchange it accordingly the rates of the fiat market, i wouldnt like to get paid with bitcoin as i would be forced to exchange to fiat to pay bills, soo if i were living at USA i would consider about it, but in the end we cant pay yet directly with bitcoin, only with debit card.


I have a same problem, in my country bitcoin is not acceptable, i have to exchange it into my local currency before using so i will not accept my salary in bitcoin but if bitcoin is accepted in my country as direct payment method and accepted in any stores then i will accept it happily. I think all people have that same problem that's they deny to accept bitcoin as their salary.
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October 08, 2016, 02:12:29 PM
 #2002

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

The problem atleast for me dollar and pounds arent the currencie here, soo i will have to exchange it accordingly the rates of the fiat market, i wouldnt like to get paid with bitcoin as i would be forced to exchange to fiat to pay bills, soo if i were living at USA i would consider about it, but in the end we cant pay yet directly with bitcoin, only with debit card.


I have a same problem, in my country bitcoin is not acceptable, i have to exchange it into my local currency before using so i will not accept my salary in bitcoin but if bitcoin is accepted in my country as direct payment method and accepted in any stores then i will accept it happily. I think all people have that same problem that's they deny to accept bitcoin as their salary.
That is the major problem we are facing at a moment as we cannot use it anywhere directly and that makes us to think twice whether to accept salary in bitcoins or not.
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October 08, 2016, 02:16:17 PM
 #2003

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

The problem atleast for me dollar and pounds arent the currencie here, soo i will have to exchange it accordingly the rates of the fiat market, i wouldnt like to get paid with bitcoin as i would be forced to exchange to fiat to pay bills, soo if i were living at USA i would consider about it, but in the end we cant pay yet directly with bitcoin, only with debit card.


I have a same problem, in my country bitcoin is not acceptable, i have to exchange it into my local currency before using so i will not accept my salary in bitcoin but if bitcoin is accepted in my country as direct payment method and accepted in any stores then i will accept it happily. I think all people have that same problem that's they deny to accept bitcoin as their salary.
That is the major problem we are facing at a moment as we cannot use it anywhere directly and that makes us to think twice whether to accept salary in bitcoins or not.

What is the problem when we cannot use it any where then it is better to convert it to the fiat currency and enjoy it , i am ready to get my salary in bitcoin until the offer should be good. As i have believe in Bitcoin will rise on coming days.
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October 08, 2016, 02:20:27 PM
 #2004

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
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October 08, 2016, 02:22:09 PM
 #2005

Salary fully bitcoin is a very interesting question. I do not think that many thought immediately about the practicality of this feature. But the real point of view, it will be very difficult to live, if a person does not apply to the bitcoin system users.

Accepting payments/salaries in Bitcoin only, would imo only make sense when Bitcoin is accepted by the majority of shops and business, online and real life as well!
This however assumes Bitcoin will be adopted by society and being used as legal tender beside fiat currencies.
Right now this is not the case and living 100% by and with Bitcoin is possible, but a tough challenge due to volatility and lack of broad acceptance.
But there are people like Andreas Antonopoulos and Elwar who are paying and getting paid in Bitcoin only.They are the pioneers and I hope many of us will follow them within the next years.
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October 08, 2016, 02:25:46 PM
 #2006

If bitcoin achieves 4 digit price then I will prefer to receive salary in bitcoin or else it will be risk to accept it with current price as it not  too high and also its not stable.
So you mean if the bitcoin price still on the 4 digit price you won't accept it? why not to accept while the price of bitcoin is still 3 digits i think there nothing problem there , there always a good in bitcoin if you accept that bitcoin is still increase in the future and it is much more better if you accept now than to 4 digts .
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October 08, 2016, 02:33:05 PM
 #2007

I would totally accept it and support this idea if bitcoin was accepted and used globally, even in that old shop in the corner. With the current circumstances, it will take quite a long time till everyone's got to pay in bitcoin because there are some countries still don't want to legalise bitcoin and bitcoin is still something strange to most people.
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October 08, 2016, 02:36:16 PM
 #2008

If bitcoin achieves 4 digit price then I will prefer to receive salary in bitcoin or else it will be risk to accept it with current price as it not  too high and also its not stable.
So you mean if the bitcoin price still on the 4 digit price you won't accept it? why not to accept while the price of bitcoin is still 3 digits i think there nothing problem there , there always a good in bitcoin if you accept that bitcoin is still increase in the future and it is much more better if you accept now than to 4 digts .

If a person has an facility to use them anywhere then he can accept salary even at current price but we also need to see whether we would be able to use them widely or not.
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October 08, 2016, 02:39:26 PM
 #2009

Well, Bitcoin is mot recognized as official money or currency in my country.
It means that I can't have salary in the Bitcoin, even if I want to.
I also just starting my own online business and will accept payments in the Bitcoins.
So, from this business, indirectly, I will earn my salary also from Bitcoin.
Of course, still I will have to exchange this BTC funds to my own local currency.

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October 08, 2016, 03:08:05 PM
 #2010

Well, Bitcoin is mot recognized as official money or currency in my country.
It means that I can't have salary in the Bitcoin, even if I want to.
I also just starting my own online business and will accept payments in the Bitcoins.
So, from this business, indirectly, I will earn my salary also from Bitcoin.
Of course, still I will have to exchange this BTC funds to my own local currency.


Converting them to local currency is a major issue here as every time we have to wait for the higher price to get higher benefits from it and if price falls down then it will be very frustrating to keep on waiting especially at the time of emergencies.
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October 08, 2016, 05:54:37 PM
 #2011

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,
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October 08, 2016, 10:06:37 PM
 #2012

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

But you can have a bitcoin backed debit card, problem solved Wink
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October 09, 2016, 12:31:11 AM
 #2013

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

But you can have a bitcoin backed debit card, problem solved Wink


With a Bitcoin related debit card you can alternatively "spend" your coins, but all that happens is your coins getting converted to fiat, and with this fiat you can complete the purchase. From that point of view you can just skip this card and keep using your fiat in your daily life. It's not a must to be able to spend coins. It's an optional choice.
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October 09, 2016, 03:07:19 AM
 #2014

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

I think that even companies should be aware of bitcoins and looking at the price volatility I don't think that any company will prefer to invest money in it and the other fact is even all employees should know what bitcoin is, its not possible to pay few employees in bitcoin and  rest in fiat.

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October 09, 2016, 06:05:35 AM
 #2015

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

I think that even companies should be aware of bitcoins and looking at the price volatility I don't think that any company will prefer to invest money in it and the other fact is even all employees should know what bitcoin is, its not possible to pay few employees in bitcoin and  rest in fiat.
In general bitcoin cannot be acceptable as salary to everyone of us because there are people in the first place who not know how to operate bitcoin to spend it and provide the needs of their family, it could be acceptable to some employees only with the interest on bitcoin.

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October 09, 2016, 06:30:48 AM
 #2016

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

I think that even companies should be aware of bitcoins and looking at the price volatility I don't think that any company will prefer to invest money in it and the other fact is even all employees should know what bitcoin is, its not possible to pay few employees in bitcoin and  rest in fiat.
In general bitcoin cannot be acceptable as salary to everyone of us because there are people in the first place who not know how to operate bitcoin to spend it and provide the needs of their family, it could be acceptable to some employees only with the interest on bitcoin.

Well i agree  really a lot of people doesnt know bitcoin and as my self i know what is bitcoin but i cant accept it as my salary because of its unstable price and also no stores that accepts bitcoin as a payment if you buy something so you should change it into yyour own fiat and buy.
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October 09, 2016, 07:07:41 AM
 #2017

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

I think that even companies should be aware of bitcoins and looking at the price volatility I don't think that any company will prefer to invest money in it and the other fact is even all employees should know what bitcoin is, its not possible to pay few employees in bitcoin and  rest in fiat.
In general bitcoin cannot be acceptable as salary to everyone of us because there are people in the first place who not know how to operate bitcoin to spend it and provide the needs of their family, it could be acceptable to some employees only with the interest on bitcoin.

Well i agree  really a lot of people doesnt know bitcoin and as my self i know what is bitcoin but i cant accept it as my salary because of its unstable price and also no stores that accepts bitcoin as a payment if you buy something so you should change it into yyour own fiat and buy.
much better if thats only use for sideline an extra salary but main source no it won't change the fact that btc still fluctuating and price can go down any moment so using it for receiving main salary would be in danger because what if after receiving price went down.
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October 09, 2016, 07:11:32 AM
 #2018

That would be great but it's a bit risky in my opinion
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October 09, 2016, 07:14:45 AM
 #2019

I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

I think that even companies should be aware of bitcoins and looking at the price volatility I don't think that any company will prefer to invest money in it and the other fact is even all employees should know what bitcoin is, its not possible to pay few employees in bitcoin and  rest in fiat.
In general bitcoin cannot be acceptable as salary to everyone of us because there are people in the first place who not know how to operate bitcoin to spend it and provide the needs of their family, it could be acceptable to some employees only with the interest on bitcoin.

Well i agree  really a lot of people doesnt know bitcoin and as my self i know what is bitcoin but i cant accept it as my salary because of its unstable price and also no stores that accepts bitcoin as a payment if you buy something so you should change it into yyour own fiat and buy.
much better if thats only use for sideline an extra salary but main source no it won't change the fact that btc still fluctuating and price can go down any moment so using it for receiving main salary would be in danger because what if after receiving price went down.

Yeah and if price goes down after receiving an salary then we need to wait till price goes higher so that we can sell them to gain more benefits and that won't be possible every time.
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October 09, 2016, 10:17:30 AM
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I can understand a little of the economy, but they say that in the state of money as much as gold, and this is equivalent to the entire production on the market. And then what to do if someone wants to replace all currencies in the bitcoin. I have little faith in it. Therefore, better salary in dollars or pounds.

Obviously you are right bro. Bitcoin mode payment will be much faster reduce the charges for the companies who are all paying for us So there is opportunity to get a nice wage for our work. For all things its needs to be centralised with our government.
but if you have the opportunities of using bitcoin in your local market as we can see that the facilities of using bitcoin in most of the areas is not available, therefore these people cannot get their salary in bitcoin,

I think that even companies should be aware of bitcoins and looking at the price volatility I don't think that any company will prefer to invest money in it and the other fact is even all employees should know what bitcoin is, its not possible to pay few employees in bitcoin and  rest in fiat.
In general bitcoin cannot be acceptable as salary to everyone of us because there are people in the first place who not know how to operate bitcoin to spend it and provide the needs of their family, it could be acceptable to some employees only with the interest on bitcoin.

Well i agree  really a lot of people doesnt know bitcoin and as my self i know what is bitcoin but i cant accept it as my salary because of its unstable price and also no stores that accepts bitcoin as a payment if you buy something so you should change it into yyour own fiat and buy.
much better if thats only use for sideline an extra salary but main source no it won't change the fact that btc still fluctuating and price can go down any moment so using it for receiving main salary would be in danger because what if after receiving price went down.

Yeah and if price goes down after receiving an salary then we need to wait till price goes higher so that we can sell them to gain more benefits and that won't be possible every time.

Correct and  we  would definitely wait  for a particular  to sell  our coins so that  we wont  recieve   deducted amount on our salary thats why  its  still risky when you intend  to  recieve bitcoin  as  your salary as  of today because  of  moving prices especially if you are a family man and you would need always to  spend your money  on your needs  on your  family and we cant dare  to wait even more longer  to price increase of bitcoin because it would take time for sure.

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