Salary Paid in Bitcoin - would you do it?

[ss890]

A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

If its legal and government allows that then yes surely I will take it in the form of BTC. I mean thats the best thing for us as we can get it in the form of BTC, have some portion on the blockchain network and cash out the amount which we need for daily usage. This way we will have funds in the savings and everyone knows in the world of BTC, the savings actually gets multiplied as the time is passing by! So thats like getting double benefit for us. Also there wont be any restrictions on how you use it, I mean you can just grab the whole amounts, you can store them or you can re-invest it in the other assets available. SO I just see benefits of this kind of salary.

[Sarastiche]

Quit a nice concept only if the  Bitcoin to be paid is Peg to a fiat, as BTC is not stable and a volatile coin,but I can be confident when the fiat is fixed to an amouny of BTC to be paid.

[cellanadalam]

A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

to be honest, I already work in the company which paid salary with bitcoin since 2 years ago.
sometimes i get more from the salary because i always hold my salary at least for 2 or 3 weeks.
but when the market is falling, of course it will be a loss for me. i suggest you sell instantly when you get a salary with bitcoin.

[paul00]

A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

to be honest, I already work in the company which paid salary with bitcoin since 2 years ago.
sometimes i get more from the salary because i always hold my salary at least for 2 or 3 weeks.
but when the market is falling, of course it will be a loss for me. i suggest you sell instantly when you get a salary with bitcoin.

Youre right because when you hold your salary and you need it immediately and the market are at red youll loose some of it ofcouse since the salary is base on fiat currency. If you hold coin just make sure you have enough money for you to sustain in an emergency situation.

[Xester]

In the Philippines if our Local Government Unit will pay us cryptocurrency to our bitcoin wallets then it is still good for me. I am already using an app owned by a bitcoin exchange company named coin.ph and I can just keep my salary on that system. I have no fear since I can just automatically convert it to our local currency in just one click. So i guess I am good with it.

[Dodoymabs]

A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

They have to accept the fact that crypto involves a lot of risk because fluctuations seems to happen from time to time. What is good about the technology is it is really a hassle free and it really saves a lot of time imo. Anyway, this is still needs a lot of experiment and probably can be a possible.

[hualangktsld841]

There was a Japanese company doing this last year, and I think it's very creative, but there's a big problem, if the whole company is a young man based technology company that may be popular, but if the company has a lot of old employees, and these old employees are every month. The salary can be budgeted for living expenses, house car loans and medical expenses. If the price of bitcoin fluctuates significantly, it will be very bad for the company, and employees are under great pressure to fall.

[ram64GB]

I still prefer a paper money than crypto. Bitcoin price is unstable.

[suhano]

I do not have any problem in getting paid in BTC but I think many of my coworkers will not like this. In fact aged people here might not have even heard about it.

[arumiedes]

A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least partial payment for salary, and depending on circumstances, the whole amount.

I do not agree with your thoughts.
Maybe if the bitcoin value can be stable I would agree, but currently, bitcoin is often up and down unexpectedly.
Too risking being paid with bitcoin, the reason is that its value can go up and down.

[skyline247]

I would take this. I could get paid and decide to cash out the exact value at that moment or I could decide to leave it and wait for it to go up before cashing out, either way there is a high potential for my salary to go up more than the original value I am getting for my coins. And i could also take out what I need and leave my savings in bitcoin and hold and sell at the bull market.

[Btcwashu]

I would take this. I could get paid and decide to cash out the exact value at that moment or I could decide to leave it and wait for it to go up before cashing out, either way there is a high potential for my salary to go up more than the original value I am getting for my coins. And i could also take out what I need and leave my savings in bitcoin and hold and sell at the bull market.

I call this an opportunity to have a salary as form of cryptocurrency. You have the opportunity to make more money through holding your bitcoin because the price itself is highly volatile and all you have to do is wait until the price of bitcoin will goes to the moon and thats the opportunity to double or triple your holding bitcoin. If your country are adopting crypto-world it is easy to use your salary through purchasing online using your bitcoin and no need to cash out in a form of fiat money.

[xhoondilan]

For my part I don't  care what kind of money they'll going to use for my salary  as long as it has value and you can use it like fiat money. Also if your salary is bitcoin then the value of it is the always the same so sometimes you earn more than just your salary or you gain less from it.

[suziyatar]

I would not like to get paid with bitcoins because of the volatile prices. I am fine with cash payment  only where I can invest my extra savings in bitcoins.

[Boldcom]

A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.

for me, depending on the circumstances. cryptocurrencies are already accepted. just that some stores and companies are not accepting it. hopefuly they will accept it moving forward.

[squatz1]

Nope, it's too much of a tax problem for me to be doing it. I'd have to account for the price that I recived the bitcoin in, subtract fees from that, and say that that is my W-2 income (given the company is taking taxes out before sending me money in bitcoin) Then when you sell you're going to have to account for the amount of money which is made in capital gains, as the amount that you received and the amount that you sold at (or capital loss, goes both ways)

This makes it too much of an accounting issue, I would just like to keep my wages in a non investment area -- it'll cost me more if I get paid in bitcoin all the time.

[Svelto]

I will be happy to receive a portion of my salary in BTC but not all. This is because I will have difficulty paying for my daily expenses, house loan and bills since none of these organisations/shops accept BTC in my country.

[dewi91]

salary paid in bitcoin is impossible in my country, no one company will try it because if the company try it may be they will get a serious warning from the government. in my opinion its difficult to happen because we need a stable value to paid salary and bitcoin can't do that.

[angaper]

hmm, its look not good right now because if they paid salary with their own cryptocurrency i think it will be risky if the price of the cryptocurrency is not stable and the price is going down and going up in a second its will be risky to their salary, maybe it will decrease their salary if the price of crypto is going down

I also believe that the current conditions of the cryptocurrency market, subject to excessive volatility and intense speculation, prevent them from being taken seriously as an optimal option for the payment of salaries, since for this particular case the bitcoin function required would be a reliable store of value rather than a means of payment, because people usually do not immediately spend their salary, but distribute it throughout the month to cover their needs as they arise, and it would be terrible to end the month knowing that your money is worth half of what it was worth at the beginning of month due to volatility.

[onnz423]

Most ICOs pay their employees in some fraction of either ETH, or their upcoming token. I think it's quite commonly accepted in the crypto world, but to offer to pay a regular job in crypto would not go down well. Currently, about half of the money I earn is in crypto, so it's definitely less unusual to us here on bitcointalk.