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Author Topic: Can we adopt altcoin to pay wages?  (Read 1694 times)
HoundRogerson
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May 11, 2018, 06:57:03 AM
 #101

Yes it seems to me it will be very difficult. The course is not permanent and needs to be adjusted. And they can not pay with the store, so it's not very convenient

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May 11, 2018, 01:14:56 PM
 #102

I think that would be perfect. IMO a stablecoin is the perfect solution for all of this. At the end of the day we all hate price volatility especially if you're getting paid for a living. I'm a big fan of Havven and their stablecoin.

You should look into them. Great project, team, and development.

https://www.newsbtc.com/2018/03/05/havven-decentralized-stable-coin-ico-successfully-closed-raises-usd-30-million/

nomin or nUSD, which you mentioned has release date on June 11, when Havven payment network will be launched. Like you, I also see great potential in stablecoins and I'm holding my Havven tokens from the airdrop. I'm excited to see how the launch will go and if the nUSD will fulfilled expectations and work as promised. The stablecoins could be the method of payment if they succeed to provide stability and security.
popotao93
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May 12, 2018, 02:40:58 PM
 #103

the people's salaries cannot be. People need certainty, like the certainty that they will be able to buy food with their last month's wage.
Gekkoo
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May 12, 2018, 03:30:49 PM
 #104

The biggest problem that can lead to this style of payment is liquidity, where we receive an amount and for market reasons the currency appreciates 10x or 100x, but it can also depreciate in the same proportion. Thus, it can generate problems and disorders in the cryptographic world, but it may be an idea to be debated where only an altcoin with minimal liquidity becomes a payment standard.
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May 12, 2018, 04:43:21 PM
 #105

The biggest problem that arises is the volatility of the cryptocurrency exchange rate. If the rate only grew, there would be no problems, and since the rate may also fall, then paying wages in cryptocurrency is not an option.

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May 12, 2018, 04:46:40 PM
 #106

It depends on teh contract of a specific establishment or business that would offer jobs to people. If they would support it there would be a bigger chance to make it possible in reality in the near future. But is also needs mass adaptation of people who want to have a cryptocurreny base salary in exchange for their work or service.
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May 12, 2018, 04:53:44 PM
 #107

Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it? 


In my opinion the biggest problem will be price volatility, altcoins can change own price even a few times. If the salary in the altcoins would not change one time you could get more but sometimess you could get less. So for me better option is getting money in normal currencies

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May 13, 2018, 03:46:35 AM
 #108

Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it? 


I think if you want to pay salaries with altcoin you have to consult and ask your workers to receive payment using altcoin or not, if they agree then it does not matter if not agree yes it will not be so everything should be considered.

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May 14, 2018, 03:12:47 AM
 #109

I think the current use of altcoin to pay wages cannot be achieved. Not to mention that many people do not trust altcoin, and the volatility of this market is not small. The price of altcoin is not stable.
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June 18, 2018, 07:57:06 PM
 #110

Altcoin is a project that belongs to some number of people who have the bigger share of this currency, because they have created it, obviously. Which means that the rate and value of such altcoin won`t be stable, that leads to no stable wages.
tuquyen44
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June 20, 2018, 08:39:14 AM
 #111

This is inexpedient, since the price of altcoins constantly jumps and it is not stable. I think people will not be happy if each month they receive a different number of coins.
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June 24, 2018, 07:49:30 PM
 #112

Yes it seems to me it will be very difficult. The course is not permanent and needs to be adjusted. And they can not pay with the store, so it's not very convenient

Almost nobody will agree to be paid in altcoins or Bitcoins. The cryptocurrency prices change all the time, and it is impossible to define the size of the salary. This idea is insane. Only fiat can be used for wages.
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June 27, 2018, 05:21:50 PM
 #113

Yes, we can pay wages in term of altcoins but there can be many problems . Prices of altcoins are not fixed and we have first convert them to use for our basic needs and for that one may have to wait long .
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June 28, 2018, 07:26:14 AM
 #114

The correct decision in the end will be to transfer the national government money to cryptography. The Chinese yuan, the US dollar will eventually become alt altcoin. Then the salary will be paid by the Altcoins.
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June 28, 2018, 07:53:48 AM
 #115

If both parties are paid or pay agreed then with altcoin is also not a problem. of course, this will be a great asset for investment. However, the amount should match the salaries in General and not based on the number of altcoins. Maybe some people let alone the crypto world knew would agree with that.

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June 28, 2018, 07:58:52 AM
 #116


The problem is huge volatility and that many altcoins can simply disappear in one day. Even if Bitcoin is not yet used to pay salaries, what is there to talk about here?
Milla Kross
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June 28, 2018, 07:59:51 AM
 #117

My opinion is quite possible, I even think that it will soon be so) Cryptocurrency is very popular now, so perhaps we will pass to the fact that altcoin salary will be very important for us
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June 28, 2018, 08:15:18 AM
 #118

in my opinion, if payment is not possible in Altcoins as where motion is high and the main problem is its value may,
go down before they use it and not many retail outlets and services are receiving cryptos.

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June 28, 2018, 08:16:03 AM
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 #119

I think, of course, the cryptocurrency is getting more and more introduced into human life every day, but our longitude mentality is taking a new one, that's why I think until people are ready for salaries with alcoins. I would like to see whether we will pass to this.
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June 28, 2018, 08:26:40 AM
 #120

Can we pay salaries and wages in shape of altcoins?
What problems can be occurred to adopt it? 


I think rules and regulations of the banking system would be the first thing that we will need to overcome. Whether they are happy with it or not. I mean once the employee gets his salary then they might go and do mass conversion to fiat and bank may not like it. Then what reasons we can give up front?

Plus professional jobs are very much straight forward when it comes to the paying of taxes and stuff like that. Things may get conflicting at the end of financial year. In addition to this employee must agree on getting paid with altcoins.

 
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