Bitcoin for salary

[Janation]

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.

How is that impossible?

If we are just talking about cutting taxes from our salaries, they could just deduct that certain amount from the salaries if they wanted to. It is not a problem but I think the problem here is the volatility since we might be surprised with a salary with a lower value if we will be accepting Bitcoin. Companies could do this, not just the government.

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[Vishnu.Reang]

Payments with bitcoin can happen in developed countries and maybe this is a positive response in developed countries. Bitcoin transactions are familiar, for example in supermarkets and other markets can accept bitcoin as a medium of exchange.

For making payments it is OK. But the OP is suggesting the employers to make salary payments using Bitcoin, which I don't think is a good idea. The prices can fluctuate by up to 80% in a single year. And if that happens, you will be in trouble. Rent, utility payments, taxes.etc need to be paid in the form of fiat currency. You can't say that the exchange rate of Bitcoin has gone down and therefore you won't be making these payments.

[Serious475]

I haven't try yet having a salary with the bitcoin. Because I don't have my portfolio yet most of my friends are already earning with the use of the bitcoin some of them at having a request to their client to make a payment as bitcoin. They have skills on art so they usually having a customer with internationally too.

If I have a chance to choose of bitcoin or fiat as salary I think I would like to prefer on using the fiat because I just want to paid fair and avoid lose money because its volatile.   

[Darkelf11]

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Is this method is not foul on the government? Or it is legal?
~

I think it depends on what country you belongs. There are already companies, even just from the early stages after the release of bitcoin, there were already some companies that tried to pay their employees using bitcoin. If you will be implementing this kind of payment salary, you should consult first to your local governor, I think that's the best idea, and you can tackle everything regarding that one. For me it's fine to be paid using bitcoin for the work I've done.

[Debonaire217]

When we are going to implement a salary in cryptocurrency, I don't think that bitcoin could be the best option. Putting our minds as a payroll employee, we will not risk our funds to pay fixed bitcoin in salary when the price of it is quite bullish. And as an employee, we couldn't just accept a fixed bitcoin amount of salary when its price is too low. Meaning, we could either choose a cryptocurrency with low volatility or to choose a stable coin. This could be resolved once everyone believes to bitcoin and its price continues to increase without worrying a declining market.

[GeorgeJohn]

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Is this method is not foul on the government? Or it is legal?
~

I think it depends on what country you belongs. There are already companies, even just from the early stages after the release of bitcoin, there were already some companies that tried to pay their employees using bitcoin. If you will be implementing this kind of payment salary, you should consult first to your local governor, I think that's the best idea, and you can tackle everything regarding that one. For me it's fine to be paid using bitcoin for the work I've done.

Their is now way a governor of a state will implement such law without the concept of federal lawmakers, because pleasing workers by paying in with btc will not pleased everyone's in the state except its implemented in federal house of Senate before it will function properly.

[Ronaldcoin2017]

I think there is no need to use bitcoin on salary, it is more convenient if we used fiat because it will not going to rise or maybe fall so we can assure that the salary will be consistent. While if we use bitcoin we dont really know when the value drop or maybe rise so the salary will be no assurance to be consistent. so i beleive that using fiat has more advantage than using bitcoin in giving salary. However everyone can simply buy bitcoin after recieving a fiat salary It is all up to them.

[btc-facebook]

I think there is no need to use bitcoin on salary, it is more convenient if we used fiat because it will not going to rise or maybe fall so we can assure that the salary will be consistent.

It all depends on who wants to send or receive a salary,
Usually cryptocurrency activists prefer to be paid using cryptocurrency or bitcoin rather than fiat, because it is easier, faster and there are also transaction records which of course can be evidence when one day there is a problem.
and I personally, of the many transactions that I do or the salary I receive, on average use cryptocurrency (especially bitcoin),

[pankowri]

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 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.

The idea of paying employees is good enough. Because people are more interested in the cashless transaction. I am from third world country, in here, govt employee got paid through a bank transaction. So the idea is not a new thing but paying Bitcoin can be a new thing in real life.
It would be great if possible and accepted by all the employees also. But we have to keep it in mind that every employee is not educated. You have to need a minimum knowledge of how to get or withdraw from your wallet.

[Wawa2013]

In my opinion Bitcoin for salary only applies in countries where cryptocurrency is legal. But legalizing as a whole is not only legal
as a digital asset, because in my country Bitcoin is prohibited as a payment. Including salary payments, not allowed in Bitcoin.
I also believe that there are still very few companies that pay their employees in Bitcoin. It's not because the price of Bitcoin is volatile,
but it's a lack of education that makes a lot of people don't know the basics about Bitcoin. If the number of Bitcoin users around
the world is large, it is likely that many companies are paying salaries in Bitcoin.

[shamimal93]

This is really very good. Just job pay why I think in the future all kinds of transactions will be through bitcoin. But it is only possible when the government of a country legitimizes it. When the government legalizes Bitcoin, all the people in that country will be able to use Bitcoin for all purposes, and only then will we be able to use Bitcoin as an employee's salary.

[samputin]

Payments with bitcoin can happen in developed countries and maybe this is a positive response in developed countries. Bitcoin transactions are familiar, for example in supermarkets and other markets can accept bitcoin as a medium of exchange.

For making payments it is OK. But the OP is suggesting the employers to make salary payments using Bitcoin, which I don't think is a good idea. The prices can fluctuate by up to 80% in a single year. And if that happens, you will be in trouble. Rent, utility payments, taxes.etc need to be paid in the form of fiat currency. You can't say that the exchange rate of Bitcoin has gone down and therefore you won't be making these payments.

Same thoughts here. We all know that bitcoin is volatile in nature. So if the salary will be given in btc form, it's just risky. I mean, you can't really budget your money. The price may drop drastically and you still haven't paid your bills yet, then there's nothing you can do about it. With that idea, employees may not agree with that as well. Maybe we should just stick on the part that we can buy things or pay stuff with it.

[UserU]

Same thoughts here. We all know that bitcoin is volatile in nature. So if the salary will be given in btc form, it's just risky. I mean, you can't really budget your money. The price may drop drastically and you still haven't paid your bills yet, then there's nothing you can do about it. With that idea, employees may not agree with that as well. Maybe we should just stick on the part that we can buy things or pay stuff with it.

Having to find a buyer to quickly cashout gets tiring especially with everyone undercutting one another's buy orders.

[azmirihaque]

It is totally dependent on the laws and policies of the government of that country. If that country permits bitcoin for transaction, emplyees may be paid through bitcoin wallet. Otherwise salay with bitcoin will be illegal and that organisation  may face different obligations of the govt.   

[mezzaluna]

It is totally dependent on the laws and policies of the government of that country. If that country permits bitcoin for transaction, emplyees may be paid through bitcoin wallet. Otherwise salay with bitcoin will be illegal and that organisation  may face different obligations of the govt.   

Its not just dependent on the laws and policies that allow them to have Bitcoin as salary since they still need to at least have a steady Bitcoin value to give them as salary since its not easy to just have lots of Bitcoin to be used as salary. The company and government also needs to study if Bitcoin can be a better way to have as salary and must be approve by employees of the company that will use that system. 

[The cure]

This is really good and great idea, but i think it will only happened in countries where crypto is legal and accepted by the government. We all know that crypto currency or bitcoin is volatile, unlike to cash that is consistent it's value. And I think that scenario may lead to the future conflicts between the employee and employer.

[mezzaluna]

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.

Another problem that might come up is that people with the privilege of earning in Bitcoin might forget that they need that money to be used in their own needs and not just another addition for their investments since that is equivalent to their monthly salary. Nepal doing that big move might be due to the lack of research and the bad name of Cryptocurrency has made within their country.

[gadado]

I think the government will interfere with that due to the tax matter. Also I think it would be unfair for the employee if they receive a bitcoin then the price drops because of the volatility of the market also it depends on the country whether the cryptocurrency is legal on a certain country.

[dre1982]

Payments with bitcoin can happen in developed countries and maybe this is a positive response in developed countries. Bitcoin transactions are familiar, for example in supermarkets and other markets can accept bitcoin as a medium of exchange.

I think when you are paid in bitcoin you don't pay that much directly with bitcoin. Personally I would just transfer a big part into local currency and just keep the leftovers for later. I don't see a lot of opportunies to pay with bitcoin here.

[gabbie2010]

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 think it is base on the negotiation between employees and employer for the system to work for Bitcoin payment.
Many organizations pay their worker with fiat becaus is very common with the individual to use.

Once an agreement is made between the employer and the employee if possible include the organization or company lawyer as a signatory in case of any breach I believed payment of salary with bitcoin is very possible, however the instability in the price of bitcoin can make or mar such kind of payment.
I hope with time and in the nearest future some employers of labour will adopt that type of payment as salary instead of fiat and it should be optional based on employer request as it is now people identities is very important without passing through a third party like banks.