Bitcoin for salary

[Alucard1]

I think these things are possible for those countries that consider bitcoin as legal, there are still some countries who don't use any cryptocurrency so for sure they wouldn't be recommended for that thing, one issue for this is also if the countries are good at bitcoin then what if the employee in the company is not using any bitcoin wallet or they don't have any knowledge about cryptocurrency, I think it would be hard for them if this would be the situation.

Your idea is really good especially at this time, but I think the majority will still prefer to be paid through their bank accounts.

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[bitcoinisbest]

I don't understand how what is standard and is already running well, the system wants to be changed just because it accommodates bitcoin. I don't think it makes sense that it makes it even harder for them to exchange them when they want to shop because we know that not all of them can accept bitcoins.

It should be choice available to their employees by the employer if they want to get paid in bitcoin or in fiat. Not many countries have the merchant accepting btc for their good or services but some of them do accept it and helpful as well while transferring money from one place to another which is quick and cheap as well. But not sure how many companies have this option given to their employees. In near future this will be given more importance for sure.

[Betwrong]

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Also, most people don't care about the purchasing power of their salary at the time of payment. They want it to be stable, for several months, at least, for their convenience. People don't want to gamble with their salary.

The one real problem being paid in bitcoin has at the moment is the volatile nature of the price Vs the dollar.  It's comparable to the great depression.  You would work till noon, get paid, go out and buy *anything* work the rest of the day get paid again and what you were paid would have less buying power, so you again go out and buy with what little money you made.  You end up not saving any funds and can't afford to buy anything more than essentials: Bread / Milk / tea/coffee...

I disagree. When you are paid in Bitcoin, it's not certain that your salary will get less buying power with time. It's an undeniable fact that you can also profit from waiting. And if you don't want to gamble with your salary, you can always exchange it for a hard currency, like USD, Euro, Swiss franc or British pound sterling, right away. But one might ask, what's the reason of being paid in Bitcoin then? Well, in some cases it's easier to find a job abroad if you are willing to receive payment in BTC.

[Peanutswar]

I think bitcoin as a salary is not quite good because the market price of the bitcoin is volatile and if you are just a typical person who would like to earn a same amount of your hard work and the price of the coin drops its a huge problem instead you have a good income and paid fairly. Its better if they have some options about making changes on their salary if they want to make it into a bitcoin or make it into a fiat but only support the use of the investor and a trader but if you don't mind the use of the bitcoin you can choose the fiat currency. Also I think with the age of 20s are the one who start makes an investment on this but if you are in the year of elder i think they don't need this kind of bitcoin salary all they need is the real money so they can sustain their life and support their families.

[kotajikikox]

I don't have lot knowledge about different things about legalities or some government things.

I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.

i am open on this,actually once in our meeting i opened this up and the bosses ask me to elaborate what is the advantage
 or if this will be a  good idea.

But after a year still no update so i am planning to follow up before this year ends for clarification,maybe our bonus will be in Bitcoin  

I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.

i find nothing illegal on this,we as employees/workers are entitled to received payments,either check,online or physical so this is about Us
and the employer how they wanted us to be paid.

[mezzaluna]

I think bitcoin as a salary is not quite good because the market price of the bitcoin is volatile and if you are just a typical person who would like to earn a same amount of your hard work and the price of the coin drops its a huge problem instead you have a good income and paid fairly. Its better if they have some options about making changes on their salary if they want to make it into a bitcoin or make it into a fiat but only support the use of the investor and a trader but if you don't mind the use of the bitcoin you can choose the fiat currency. Also I think with the age of 20s are the one who start makes an investment on this but if you are in the year of elder i think they don't need this kind of bitcoin salary all they need is the real money so they can sustain their life and support their families.

That would actually depend on the value of Bitcoin since people doing that job needs to still earn the right amount of their salary and being payed in Bitcoin is an opportunity to have it fluctuate at any second BUT there must be some necessary regulations made by implementing that since it would be unfair to just give people lower salaries.

[aarif123]

I think this could be a good method for payment to employees but there are some countries where bitcoin is not legal so in that case employees can't accept payment using bitcoin but still this method is possible where bitcoin is legal like Europe japan and some other countries but countries like India it's not possible because goverment does not legalised bitcoin as a legal tender

[Chrystora123]

Bitcoin for salary isn't a bad thing!!  practically pay with Bitcoin has been implemented in this forum (a signature campaign that pays with Bitcoin) but it still cannot be widely applied because of the lack of education about Bitcoin and the general public will definitely refuse for various reasons such as not understanding or fear.

[carlisle1]

I think this could be a good method for payment to employees but there are some countries where bitcoin is not legal so in that case employees can't accept payment using bitcoin but still this method is possible where bitcoin is legal like Europe japan and some other countries but countries like India it's not possible because goverment does not legalised bitcoin as a legal tender

It is not for all countries but lucky if one of us are allowed to use and buy Bitcoin so we have a chance also to earn this from our salary.
Imagine your payments from work go directly on your Bitcoin wallet,and if you are a trader then go directly in exchange to trade.
that was cool mate.
so If your country support Bitcoin then You may ask this to your employer
for them to consider paying you and your friends with cryptocurrencies .

[mezzaluna]

I think this could be a good method for payment to employees but there are some countries where bitcoin is not legal so in that case employees can't accept payment using bitcoin but still this method is possible where bitcoin is legal like Europe japan and some other countries but countries like India it's not possible because goverment does not legalised bitcoin as a legal tender

It is not for all countries but lucky if one of us are allowed to use and buy Bitcoin so we have a chance also to earn this from our salary.
Imagine your payments from work go directly on your Bitcoin wallet,and if you are a trader then go directly in exchange to trade.
that was cool mate.
so If your country support Bitcoin then You may ask this to your employer
for them to consider paying you and your friends with cryptocurrencies .

I agree with aarif that it will be a good method since countries that will use it can set it as an example of a flexible way to earn your salary AND another good point by carlisle that Bitcoin users can directly use it for trading BUT we should remember that its the salary that you are meant to use to buy necessities and these means that you have to redo the budget that will include trading since you can earn more in that way.

[Blackrain13]

Having a salary paid in bitcoin have positive and negative outcome. Bitcoin is volatile ,you either gain profit or losses from your bitcoin salary, so it depends to you if you will accept bitcoin as salary. Here in our country, that was not implemented yet because  that is not legal and still not yet accepted by the governments.

[ekeh]

Using bitcoin as a payment method of payment of salary, is a very big welcome development. Because we are era of technology, which Blockchain technology has made everything transpires for every given transaction payroll. And is more reliable and recorded... Hopefully government we soon adopt Bitcoin in a very short period of time.

[worldofcoins]

Bitcoin is a decentralized not a centralized. Some government would not allow Bitcoin as a payment because they are not the one controlling the coins.
Bitcoin payment can only work in some private organization, Base on the agreement between the employer and employees in the organization.

It would be great if we get paid with bitcoins, but unfortunately, it's impossible.
Most of the governments cut taxes from our salaries, but they can't cut it from bitcoin because of its decentralized, and there's no way to control it. The government are against it and they'll never replace fiat with bitcoins.

[aayaan100]

That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..

[Lorence.xD]

Using bitcoin as a payment method of payment of salary, is a very big welcome development. Because we are era of technology, which Blockchain technology has made everything transpires for every given transaction payroll. And is more reliable and recorded... Hopefully government we soon adopt Bitcoin in a very short period of time.

There are some companies that do just that but they are still countable, in my country no big regulations are being proposed regarding cryptocurrency as a salary. The closest thing that I can think of bitcoin as salary is streamers accepting crypto donations ( I do not know if that counts as one but some streamers are considering it as a full time job). My hopes are high for bitcoin adoption or cryptocurrency adoption in general in my country. The only problem that I could think of is whether the employee contributions such as 401k or insurance will be deducted in the employees bitcoin/cryptocurrency oriented salary with cryptocurrency.

[Fredomago]

Having a salary paid in bitcoin have positive and negative outcome. Bitcoin is volatile ,you either gain profit or losses from your bitcoin salary, so it depends to you if you will accept bitcoin as salary. Here in our country, that was not implemented yet because  that is not legal and still not yet accepted by the governments.

That's a big risk in your part as tendency that government may declare it as illegal will surely put you in a risky position,
if government ban this alternative money which they can and chased people who are not following their rules.

In terms of volatility, it's nature for bitcoin being played by investors and traders the
value depends from how the supply and demands will bring it inside the market.

That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..

this is an example of risk, government can prohibits people from dealing with this system. Government mostly unaware of real usages they are just relied  with negative news and follow it to the point of banning everything.

[JuSayCo]

Already there were more number of industries that had paid their employees in terms of bitcoin. Governments won't agree to pay employees in the form of bitcoin. Private firms paying in terms of cryptocurrency is upto the management, and government doesn't have anything to do with it.

In an article read about Indonesian plantation workers paid with bitcoin, as it helps with easy cross border transaction with ease than through banking.

You are right. There are lots of private companies now in different countries who are paying Bitcoin as salary for their employees, and its just a proper understanding and agreement between them to implement this.  And I think as for the Governments or public  servants, its not possible to pay them with Bitcoins especially if it is not legalized in their country.

[Assface16678]

That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..

This is the common problem of other members right now they would like to make an investment and make an additional income. The problem is their country is banned and prohibited by their government which is a big deal if they tried to make use the cryptocurrency there is a chance they will go to jail and we want to avoid this kind of scenario still it's better to follow the law instead of getting more push to your self and would like to achieve your wants.

[GeorgeJohn]

I think is possible if a country who accepts cryptocurrencies especially bitcoin in their society agreed with their workers that, them wish to be pay with bitcoin instead of paper money.
Am ensure if workers especially civil servant's protest towards it, government will accept to creste bitcoin wallet for their payment with bitcoin.
And if such happen in one country others countries will emulate to pay their workers with bitcoin.

[Swordsoffreedom]

That could be great of paying or getting salary in Bitcoin and other crypto.. but there are several regulations ands laws in all countries about the cryptocurrency. In the context my country, Nepal the government has prohibited the minings and local transactions of cryptocurrency but gradually the hype is increasing as the IT sector is step forwarding..

This is the common problem of other members right now they would like to make an investment and make an additional income. The problem is their country is banned and prohibited by their government which is a big deal if they tried to make use the cryptocurrency there is a chance they will go to jail and we want to avoid this kind of scenario still it's better to follow the law instead of getting more push to your self and would like to achieve your wants.

Many countries are already banned BTC. But I hope they will understand their mistake and give Bitcoin legitimacy. There are many advantages to use BTC. People can earn some revenue for the country by investing on BTC market. It is very beneficial for the economy of developing countries. On the other hand, Bitcoin's transaction fee is less than other medium.