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Question: Do you want to get paid based on BTC or USD
BTC - 25 (75.8%)
USD - 8 (24.2%)
Total Voters: 33

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Author Topic: How do you like your sig campaign payments. USD vs. BTC  (Read 631 times)
DaveF
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October 26, 2019, 05:33:43 PM
Merited by LoyceV (2), daarul50 (2)
 #1

Full disclosure when I posted this I had just left the mintdice sig campaign and put on the YoBit sig.
It had nothing to to with yahoo62278 / mintdice but a change in work that would probably not let me make the required posts for a while so I went to a no minimum post signature.

With the above being said. Between yesterday and today BTC went up a lot in value vs USD then came back down a bunch high of a bit over $10k USD down to about $9150
So in theory depending on when yahoo paid and when I got up and moved it there could be a significant change in value.

Yes, I know if I paid got for something .001 that too changed a lot but, since this is a board about bitcoin, I was just wondering how you want to get your pay computed.

It's probably not going to change how sig campaigns are run since it's between the manager and the people paying for it, but since there was such a large bounce it just kind of crossed my mind.
And if it is USD or other based, do you think the campaign manager should post I used this rate for conversion. Yeah, I know I can do the math in about 15 seconds but having it public might just look better.
Not sure.

Just some ramblings on a Saturday,

-Dave

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October 26, 2019, 06:20:05 PM
 #2

There's no clear winner, since BTC can net you gains but at the same time, slide down while fiat is levied all the time but at least you can purchase more stuffs.

Personally, I'd go with BTC.

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October 26, 2019, 06:26:25 PM
 #3

Honestly, I prefer both. Though we usually get Bitcoin for some specific bounties/signature campaign. But recently I saw in temtum bounty campaign and they offer USD pegged tem coins. So, every bounty hunters are happy that whatever happens in the market, they will get payment in USD value. Payment in BTC, ETH is preferable because anyone can exchange these coins very easily, not because it can go up.

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October 26, 2019, 07:32:10 PM
 #4

I prefer token BTC.

Both manager and anyone who join don't need to think about volatile BTC/USD exchange price and all possible implication (budget from company who hire you, loss/gain due to volatile price, disagreement about chosen exchange price/time, etc.)

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October 26, 2019, 07:48:03 PM
 #5



You prefer to receive USD when the bears are still winning as it is of course stable. You don't worry even if BTC take a nose dive over and over since you have a fix amount of USD in BTC. Accepting BTC rate is much appreciated when its price is going up.

If in USD, the conversion I guess depends to the manager but you are right seeing how much the value will change in seconds will be a surprise for you when case like what happen yesterday that BTC suddenly jumps up.


 
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October 26, 2019, 08:12:17 PM
 #6

If you mean a fixed price in BTC or the respective value of X USD but in BTC, then I prefer in BTC. After all, 1 BTC = 1BTC and I like to think that I'm getting paid real BTCs for my "work" and not dollars but through BTC. Confusing? Maybe. But that's how I feel. Smiley

Also, probably not what you're talking about, but if I was getting paid in USD for that, I would just buy BTC right away. Pretty much all I get in this forum and other ventures is used to increase my BTC holdings.

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October 26, 2019, 08:37:13 PM
 #7

BTC. I use signature campaigns to accumulate BTC which I hold for fun, use to purchase things guilt-free (right now I'm saving up for some gold!), so on and so forth. I find I get some kind of mental block once I've got cash in hand or in my bank account that I don't get when I spend earned BTC - very weird, but it works fine for me and I guess it helps me to save money Smiley

 
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October 26, 2019, 10:52:15 PM
 #8

It depends what a lot of people do with their income, there's no avoiding that they are people who require their signature funds to actually survive and buy food and water for themselves, 150 or so USD a week is a decent sum in some countries, and I am sure that those people would much prefer weekly/daily payments that where set in the USD value (can't buy essentials with BTC just yet!).

As for some of the more fortunate people, I enjoy acquiring some free BTC in my spare time as it helps fuel my trading addition and also gives me a bit more bankroll when it comes to trading, and even makes me feel like I can spend the extra 500 dollars and get the higher-spec model laptop, if that makes sense?

 
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October 26, 2019, 11:05:17 PM
 #9

Actually I'd rather accept in a fixed BTC rate, but in contrary I'm in a USD based payment campaign, well, long term campaign matters the most.

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October 26, 2019, 11:08:33 PM
 #10

It's an interesting one.

The bitmixer.io campaign was an eternal 0.035 per week. At one point that was one of the worst paying campaigns, about $10 a week or less in 2015, and by the time it died it was the best paying and people were scrabbling to get into it.

USD obviously has constant exchange rate adjustments. Most BTC campaigns are pretty sluggish in changing the amounts they pay, though I noticed some were extremely reactive, enough to piss off their users.

If your earnings go straight out then you may as well stick with USD. If you're looking to the future then BTC.

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October 26, 2019, 11:15:54 PM
 #11

Honestly, I don't know, it depends on specific campaign. Now I'm getting $50 in BTC weekly. It's good when Bitcoin is going down, because it means that I will get some more BTC.
I remember being in old Yobit campaign and their rates were slways same - 0.0003 BTC per post and price of Bitcoin didn't affected their rates. It was same when Bitcoin was bellow $1000 and when it was close to $20 000. When they started it was low paying campaign but eventually it become to one of the highest paying campaigns. But in other campaigns which have fixed payments in BTC I noticed that when Bitcoin goes up significantly, they reduce payment rates. So, I think that in such cases it would be better to receive payments current USD value of BTC like in my current campaign.




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October 26, 2019, 11:56:49 PM
 #12

Dont fool yourself.
If you are getting paid 0.005 BTC a week, and Bitcoin is 10k, or 8k, ir 12k, probably the payment rate will stay the same.
But if price sky rocket to 100k, your payment won't continue 0.005 (maybe only chipmixer campaign will keep payment rates, lol)
But for the rest of the campaigns, it really doesn't make much difference, as they change rates when price change.

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October 27, 2019, 04:54:10 AM
 #13

How long this 'survey' will last?

I'm pretty sure with 1/2 pages, we'll get repetitive answers already.

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October 27, 2019, 05:25:07 AM
 #14

How long this 'survey' will last?

I'm pretty sure with 1/2 pages, we'll get repetitive answers already.

As long as the question is open-ended, we'll see streams of those.

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October 27, 2019, 06:58:00 AM
 #15

How long this 'survey' will last?

I'm pretty sure with 1/2 pages, we'll get repetitive answers already.
It would be better if he asked to answer a poll rather than asking for suggestions which leads to repetitive things in different ways. Cheesy

IMO,having fixed amount of USD per week and paying it in BTC the best choice because the signature company can plan their budget accordingly and no need to keep changing the reward amount after huge bump.

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October 27, 2019, 07:35:30 AM
 #16

It's has to be a win win situation. We all want a fixed BTC campaign but if this will hurt the company that you represent because of the price of BTC that keeps on fluctuating, it would be safe for the company to offer payments equal to USD. We have to think about the campaign too, if not and we just want what we want them to pay us then more likely campaign will not last for a long period of time.

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October 27, 2019, 07:47:37 AM
 #17

I do collect BTC just to trade and increase my portfolio so to me the USD/BTC rate doesn't really matter. It only matters for people who spend it as soon as they receive it.

Also given that we are paid weekly, even thou someone were to earn $120 worth of BTC per week and the price moved up or down by 10 percent right after we got paid, that's just + or - 12 USD which isn't so significant since sometimes the movement can be in your favor while other times not.

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October 27, 2019, 10:25:13 AM
 #18

Even though Bitcoin is volatile, it can easily tip in either directions. But instill prefer getting paid in Bitcoin Paying in Bitcoin makes it easier for the campaign to maintain a fixed payout amount without stress. When a fixed USD rate is used, it means there will be constant calculations before payouts are made. 

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October 27, 2019, 11:18:44 AM
 #19

I have already see that Fixed usd value sig campaign pay and fixed BTC.Which one i would choose? BTC for sure.Im aware on the risk but also it can possibly go either ways.
If you can handle it out then i do much prefer on receiving btc.Its up to campaign management if they do lower it since they would pay up massive amounts in usd
if they do retain to such pays.The campaign which do really impress me the most is on Chipmixer, they are fixing 0.0375 max per week no matter what would be the price.

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October 27, 2019, 11:40:50 AM
 #20

I used to join BTC paying campaigns before. but nowadays there is not so many BTC campaigns. the few campaigns over there. but they are all full. that time I only cared about BTC amount. and that's what I would still do if I get a chance to join a BTC paying campaign.
right now I am in a token bounty signature campaign. I have no idea how much will it pay at the end. finger crossed.

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