Getting paid in Bitcoin vs getting paid in Fiat

[worle1bm]

We have seen some workers demanding salary in bitcoin already and companies willing to make such payment like in case of miami as they get paid in bitcoin because of crypto friendly regulations in that jurisdiction.The fees could be issue for worker class sometime and they need to be little bit more careful in safeguarding their private keys as they are prone to hacks.But with btc going mainstream the adoption rate is going to rise and for sure the demand is going to increase.But my concern is how will companies pay salary to all employees when 21 million btc will be mined and supply cannot be increased but more people will be making transactions then and coins in circulation will be high as people won't always hold them.So hope for its betterment.

[Fortify]

Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments.

Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks.

I'm not sure why you consider avoiding taxes to be a bonus, everyone in a decent society should be pooling their resources to fund projects for the public good - it's what goes to pay for roads, bridges, emergency services, defence forces and all sorts. The things that keep society moving and safe in many ways, claims like that are more damaging for Bitcoin than anything else. As for speed of payment, I have always found bank to bank transactions to be instant so that is a poor "benefit" although it may be relevant to some countries where banks are poorly integrated. Many people in the crypto space also use exchanges rather than personal wallets and this can actually be much safer for a general user than a standalone device vulnerable to hacking. Cryptocurrency has a place and certain advantages, but I definitely prefer my salary in a stable currency.

[AverageGlabella]

I would love to be paid in full Bitcoin I would take some out that I could use to buy things that I cannot in Bitcoin but I would probably keep over 80% of my wealth in Bitcoin if this was an option I had. I have a big portion of my wealth invested in Bitcoin anyway but I cannot afford or justify the fees that I would have to pay if I was regularly buying into Bitcoin that is why having it as a salary would be better because you avoid those fees.

[terrorJR]

better or not, of course it comes back to their respective choices because not everyone likes bitcoin it is everyone's subjective choice because of course there are still many people who still use fiat.
apart from that it is true that if the work is paid for in bitcoin then the demand will definitely increase rapidly and that's for sure.

[cotton ball]

if we receive our salary from the company, if I will definitely receive a salary in fiat currency, because if with fiat money our money remains on the market our salary, no more and no less, but if we accept it with bitcoin, of course we must be ready with a risk, if the price goes up we will get more profit, but if the price is down, of course we will lose some of the salary we receive, it all depends on each choice..

[haidil]

Maybe for some employees who know and love Bitcoin it will be very easy to accept it. Not for those who feel fiat is everything. so it's better to use two options to balance what an agreeable employee wants with what he or she wants to receive from his job.
We doesn't really mind that, because both are important to continue to hire employees without having control over their payments.

[imstillthebest]

A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever.

what if you work in a formal company? they already know your identity and you may need some verifcation before you got your salary and in a company there is a person in charge for paying the salary of the worker ( or middleman )

Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"?

if your a fan of bitcoin you will say that bitcoin is better payment for salary over fiat . our life now is starting to engage more in online and soon bitcoin will overcome fiat because bitcoin is the best payment method to use online .

[nurilham]

Maybe for some employees who know and love Bitcoin it will be very easy to accept it. Not for those who feel fiat is everything. so it's better to use two options

Yep. Even people who know Bitcoin probably don't want to be paid in Bitcoin as they know it is very volatile. If it is their primary job, I am sure they prefer to be paid in fiats. It will be easier to use fiats to buy all stuff (goods) and the value of fiats isn't volatile as Bitcoin. All the employees should think about this, and they are likely to choose fiats because of that consideration. We cannot force them to be paid in Bitcoin, especially in a country that Bitcoin cannot be used as a legal payment tool.

[Traderbtcc]

For those of me who already understand how Bitcoin works, really expect salary payments with Bitcoin. But the problem is that many people don't really understand Bitcoin, so they will complain after the salary is given in Bitcoin, soon the price will drop. Even though if they are patient the price of Bitcoin can go up again, it can even go much higher. So for now it really needs to be done a lot of education first before the company provides salaries with Bitcoin to its employees. Moreover, not all countries legalize Bitcoin as payment, so it is not effective at this time to get
salary payments in Bitcoin.

Getting paid is pretty awesome for bitcoiners and crypto enthusiasts, but for people who lack knowledge about how bitcoin works I think they will find it very inconvenient, since they are already used to getting paid in fiat which has a stable value unlike bitcoin that is volatile and the amount of their salary might reduce in short notice, I believe they only think of the disadvantage and forget the good part where you get paid and then the price of bitcoin pumps, but we can't really change that since most people are always negative minded.

[gabbie2010]

Maybe for some employees who know and love Bitcoin it will be very easy to accept it. Not for those who feel fiat is everything. so it's better to use two options

Yep. Even people who know Bitcoin probably don't want to be paid in Bitcoin as they know it is very volatile. If it is their primary job, I am sure they prefer to be paid in fiats. It will be easier to use fiats to buy all stuff (goods) and the value of fiats isn't volatile as Bitcoin. All the employees should think about this, and they are likely to choose fiats because of that consideration. We cannot force them to be paid in Bitcoin, especially in a country that Bitcoin cannot be used as a legal payment tool.

Alternatively or preferably such payment can be made via a stable coin such as USDT whose value is more stable which I believe is better than Fiat because of involvement of the bank and tax deductions, unfortunately majority of the employees who are cryptos oriented prefers Bitcoin payment whose value is very volatile and unstable, personally I will prefer a USDT or BUSD as salary payment a drop in the price of Bitcoin immediately after payment of salary is a drawback likewise an increase in price is an advantage thus a win-win situation but it still very risky especially in a bearish season where price dumped rapidly or massively with a short period of time.

[lenovop-70]

I prefer to be paid with bitcoin, its fast and borderless, as remote workers, i really need blockchain to get paid, i cant imagine if i were paid by fiat, how long is it to get to my account and converting to my local currency, its will taking so many times.
So, bitcoin still the best for me, and it will be my trusted personal banking to save my money.

[Xinarae*]

In fact bitcoin has not yet become legal tender in many places so although bitcoin is a lucrative currency if you pay with bitcoin many employees will not be able to use it properly that's why most companies pay at fiat currency is ubiquitous, and everyone can easily use cash to buy goods. It will take a long time for big companies to pay with bitcoin there are exchanges that support the input and output of fiat money so called fiat exchanges and exchanges that exclusively support the input and output of cryptocurrencies.

[iTradeChips]

Employees, if you are going to ask them, they don't want to be treated like robots. They want to be treated fairly and for them, at least as far as I am concerned, they do not want to be paid in a currency that is volatile and might crash at any minute. It's like hyperinflation in steroids if you are going to ask me. I would still rather be paid in fiat currency since it is at least still stable an still be able to deliver a much fairer advantage compared to bitcoin.

[Leviathan.007]

Both can do the job. The whole point is none of them and replaces the other one, fiat and bitcoin are both payment methods and both are useful in the right place. Getting paid in bitcoin can get interesting for the people who care about investing and they can get profit out of it and surely they will stay away from the inflection rate like some companies they paid their employers in bitcoin and after the price rise to 62K level, the employers got amazing profits. But, on the other hand, fiat can be much smoother to cash out and more suitable for people who are not looking for investment but want to cash out their money faster.

[Meysa_richa]

Actually I prefer if I work and get paid with Bitcoin, with a note that the amount of Bitcoin paid remains unchanged.  Because the price of Bitcoin fluctuates, it will hurt us if we are paid with BTC and at that time the price of Bitcoin is falling. 
And it seems that FIAT will be the best choice to pay for our work, and we ourselves will buy Bitcoin after receiving payment from our work.

[glendall]

if there is a company that pays bitcoin, lucky to be its employees, where if you use the current value of the bitcoin price all of its employees will definitely prosper, but in fact many companies refuse to pay using bitcoin

[bittraffic]

Employees, if you are going to ask them, they don't want to be treated like robots. They want to be treated fairly and for them, at least as far as I am concerned, they do not want to be paid in a currency that is volatile and might crash at any minute. It's like hyperinflation in steroids if you are going to ask me. I would still rather be paid in fiat currency since it is at least still stable an still be able to deliver a much fairer advantage compared to bitcoin.

Fiat is certainly more needed in everyday life, crypto is like a roller coaster, funny thing if we work a month ago paid $2000 with crypto then tomorrow the price drops 90% so that makes our money only enough for a day.

$2000 could also double when the price goes up. That's advantageous.
When they say to make money out of money I guess us being an employee doesn't just have to remain employee, you have to evolve in the future and become skillful. If you prefer to get paid by crypto at least you will learn how to make the crypto you receive to be a fiat after all it's the most accepted in every store you can transact with. Turning it to fiat is just the start to become a trader.

[mrongoz22]

I think for now fiat currency is still very dominant in any field, whatever we want to buy, it is definitely fiat currency which is always the main choice, because there are still many countries that do not want to accept purchases in bitcoin, and are not ready to be paid with bitcoins,

[ReiMomo]

Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments.

Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks.

I would prefer Bitcoin payment. Will convert 50% or what so ever required for basic monthly commitments into fiats and keep the remaining BTC in wallet. This would help me use my salary for my basic needs and save the rest for future profit when Bitcoin reaches its height. This can be even done with fiats but being here using bitcoin and fiats, i would best prefer bitcoin as payment. 

[terrorJR]

if i were the leader i would not pay employees with bitcoin but enough with fiat, because i would feel a loss if the bitcoin price reached 60k$ hehehe
but actually payments in bitcoin can be made at any company by looking at how much salary the previous employees received and replaced with bitcoin with a value equivalent to their fiat, and I personally if I may choose I prefer to be paid fiat only

if we look from a leader's point of view, I think everyone will do the same thing because basically btc is volatile and if all employees are paid in btc then it will be difficult to determine how much the employee's salary is if it is in fiat because it must be from every month definitely not going to be the same and there is a difference in the amount of salary because we know the prices here are always changing and if that happens it will be very difficult to make a report because basically the average company still uses fiat