Bitcoin and non-formal workers

[bosede1]

I doubt this stat for my Country though because at the long run it has no effect on Bitcoin.

[barabeku]

In my country trading and investing in crypto is legal so I know a lot of government workers who also have income from crypto. But if we are talking about blockchain developers, all of them work in private companies, as the government in my country don't consider crypto as a good economic tool for refinancing loans or means of payment.

[savetheFORUM]

I have been here and around people who support this growing industry such as traders, investors and bounty hunters and others. One fact about these people is that 90% (maybe more) of the people I know who support this industry are not formal workers who usually work as government employees, but they are non-formal workers working part time in some real businesses. There are only 2-3 out of 20 people (not the actual number) who are formal workers as government employees who are currently still trading crypto at my place to this day while the others are non-formal workers. What about those you know in your country, does this happen in your country and the people you know? I don't think there are any restriction governing formal workers involved in this industry as investors or traders.

Well, maybe that’s for your friends. There are many people who are civil servants are still buying and selling cryptocurrencies. There are no specific people that this bitcoin is meant for, it is meant for everyone.

Maybe you don’t have much friends who are civil workers? Because, it can be possible that most of the friends you have are not, and that’s why you’re thinking such. There isn’t really any way that you can prove that the number determines how it is in the cryptocurrency community, because there are so many people here who are involved in different areas of life.

[Falconer]

If you don't mind, I'd like to know how you came about such numbers/statistics that people who are not civil servants are more in the network than those who are.

I know that bitcoin is not only made for certain circle where the type of work is a barrier to owning or trading it. I only speak according to the circumstance around me where people I know both online and offline state that generally they are not civil servant. I also think that civil servant in my country have never been prohibited from owning bitcoin or trading them, it's just that the government enforce the same rule for the whole society regarding the prohibition of bitcoin which we cannot use as legal tender.

As far as I know my country doesn't prohibit civil servant from owning bitcoin or crypto, but the amount may be small based on people I know make me a little curious how this is happening in your country and the people you know. I can honestly say that some of the public servant I spoke to about bitcoin and crypto were not interested in knowing more about this digital asset. Few have thought about investing that might ask more, while others just say yes without wanting to know much.

[Sterbens]

If you don't mind, I'd like to know how you came about such numbers/statistics that people who are not civil servants are more in the network than those who are.

I know that bitcoin is not only made for certain circle where the type of work is a barrier to owning or trading it. I only speak according to the circumstance around me where people I know both online and offline state that generally they are not civil servant. I also think that civil servant in my country have never been prohibited from owning bitcoin or trading them, it's just that the government enforce the same rule for the whole society regarding the prohibition of bitcoin which we cannot use as legal tender.

As far as I know my country doesn't prohibit civil servant from owning bitcoin or crypto, but the amount may be small based on people I know make me a little curious how this is happening in your country and the people you know. I can honestly say that some of the public servant I spoke to about bitcoin and crypto were not interested in knowing more about this digital asset. Few have thought about investing that might ask more, while others just say yes without wanting to know much.

That means that the policy regarding cryptocurrencies still has leeway for anyone from formal circles even those associated with institutions to own Bitcoin in any amount. Is there a tax set for these civil servants? Could one of the public servants evade wealth tax into Bitcoin as a safe haven from investigating the assets they own?

[bekti3]

For now I am starting to have doubts about what is happening in my country because indeed some time ago there was something that did cause crypto to be one thing that was not allowed religiously (not legally) and indeed many people in my country consider that crypto is included in the one of the tools of gambling and terrorists (as the news often heard some time ago).
on the other hand for now, what I know most of them are indeed working as non-formal employees and only in ordinary social work but some of them are still in the milestones of government even funny there are some of my friends who do work in banks but do not trust the system they are working on at this time and choose crypto.
this is of course not how we work whether formal or not because in my personal opinion it doesn't really matter and crypto is a choice whether we want to be there or not.

[fiulpro]

What a person does in this private space is not something that the government should bother him about, there is some privacy in some places but at the same time there are countries who are actually very involved with their government workers since this defines their overall financial support and state in a way. There are mayor's urging to recieve their salaries in Bitcoins and at the same times there are presidents making statements *to not involve with cryptocurrencies like bitcoins*
Therefore I do think that this question is basically dependent on where you live. For me, my home country India, I did not personally find any government official engaging with Bitcoins since they were for a fact more dependent on the government and the government doesn't really like bitcoins much, people tend to focus on gold and more traditional investments as well in India.

[sana54210]

I know that bitcoin is not only made for certain circle where the type of work is a barrier to owning or trading it. I only speak according to the circumstance around me where people I know both online and offline state that generally they are not civil servant. I also think that civil servant in my country have never been prohibited from owning bitcoin or trading them, it's just that the government enforce the same rule for the whole society regarding the prohibition of bitcoin which we cannot use as legal tender.

As far as I know my country doesn't prohibit civil servant from owning bitcoin or crypto, but the amount may be small based on people I know make me a little curious how this is happening in your country and the people you know. I can honestly say that some of the public servant I spoke to about bitcoin and crypto were not interested in knowing more about this digital asset. Few have thought about investing that might ask more, while others just say yes without wanting to know much.

There is none in my nation, there is no law stating that civil servants in my nation can't own bitcoin, in fact there are even few government related branches (minor) that used their funds to buy bitcoin so that they could profit from it (usually pension funds). However that doesn't suddenly made everyone jump into bitcoin neither, that doesn't really change much. I would say that it is definitely something good but that doesn't mean that it is perfect, it is just "decent" way of approaching crypto by the government.

What you could however do is making a law stating that banks could act as crypto exchanges if they want to (and crypto wallets basically since exchanges hold crypto anyway) and then watch crypto grow to 100x size of right now. That stage of crypto in the future will be the greatest thing ever and I know that it will come, probably soon as well.

[usekevin]

In my country trading and investing in crypto is legal so I know a lot of government workers who also have income from crypto. But if we are talking about blockchain developers, all of them work in private companies, as the government in my country don't consider crypto as a good economic tool for refinancing loans or means of payment.

It's better to inverse in bitcoin for the short period to get good profit in January. Every year is time to add up your investment with some dollars. Keep do it, untill it reach of of 1 Bitcoin. Which is essential one for our life.With this your life will be settled in future. You can get profit at many times using this holding 1 bitcoin. Whenever you need of money

[Huppercase]

It's has now become a survival arena place for many in place since we have suffered many lacks of job opportunity, the government has pushed harder to eliminate cryptocurrency from the public but the youths don't have an alternative as there are no jobs, the number unemployment in the country is higher than the available jobs that's why everyone has embrace crypto as safe havn.
The last time I check, even the politicians are also having big investment in coins like bitcoin, ethereum, and bnb. Crypto is run literally by every housjere I think.

[karanggatak]

government worker will busy with their job, but im sure if people out there play this game.
im agree with your thought, most of us maybe just part timer, freelancer, or they work on company that dont have any relate with government.
my old school friend play bitcoin after they graduate, or in collage, and im join after knowing more. most of us know that this salary great than you work on company, but you must run on it. people have different survival ways, and this method is one of the other.

[Darker45]

It is interesting you arrived at this generalization. You made me think of my own crypto circle. And I guess I could also jump into the same generalization that considerably many, perhaps around 90% as well, of my crypto friends and acquaintances are also not formally employed. They're either self-employed, or into various businesses, or fully immersed in crypto activities.

I myself am not formally employed. My older brother who is deeply into crypto is also not formally employed. Our close friends who are also well-exposed to crypto are also not formally employed. I could even observe that those who are least exposed to crypto among my friends and acquaintances are those who are formally employed.

Now, I think it is about availability of time and commitment. I could say that when you decide to pursue crypto fully, you would be confronted with the choice whether to remain with your demanding full-time job or resign. That happened to me, my brother, and many of his and my friends. And we chose to resign, got into business where we have a great hold of our time, and went into crypto more or less fully.

Having a full-time job in my country is like a master that demands almost all your time, energy, attention, and so on. It is next to impossible to pursue something else religiously while having a full-time job.

[KennyR]

In my country trading and investing in crypto is legal so I know a lot of government workers who also have income from crypto. But if we are talking about blockchain developers, all of them work in private companies, as the government in my country don't consider crypto as a good economic tool for refinancing loans or means of payment.

Cryptocurrency related services being legal is really good, and I don't think government employees spend on cryptocurrency investment. As per prevailing scenario of my country, government employees were much into mutual funds, stocks and majority were into gold. Maybe now with the easier access more government employees might've got into cryptocurrency investment.

Right now blockchain developers around the globe is very limited. Even the private firms doesn't have adequate number of blockchain developers. For this reason private companies are conducting training sessions to educate employees for the need.

[molsewid]

government worker will busy with their job, but im sure if people out there play this game.
im agree with your thought, most of us maybe just part timer, freelancer, or they work on company that dont have any relate with government.
my old school friend play bitcoin after they graduate, or in collage, and im join after knowing more. most of us know that this salary great than you work on company, but you must run on it. people have different survival ways, and this method is one of the other.

Having a full time job and a side hustle at the same time in this time of pandemic is very much needed because of the crisis but it is not already a surprise for me that I have known many of my colleagues and friends associated with bitcoin or cryptocurrency are part time freelancer and some are full time like me. In my case, I am a full time crypto trader and investor and a student at the same time. During pandemic, the surge for the people finding job in internet gets high and what's good about it is the compensation also competitive provided you have a skill that you can offer, also the surge of people aiming to get profited in crypto gets high that's why I feel glad that during this pandemic people have found crypto's value and worth.

[xSkylarx]

government worker will busy with their job, but im sure if people out there play this game.
im agree with your thought, most of us maybe just part timer, freelancer, or they work on company that dont have any relate with government.
my old school friend play bitcoin after they graduate, or in collage, and im join after knowing more. most of us know that this salary great than you work on company, but you must run on it. people have different survival ways, and this method is one of the other.

Having a full time job and a side hustle at the same time in this time of pandemic is very much needed because of the crisis but it is not already a surprise for me that I have known many of my colleagues and friends associated with bitcoin or cryptocurrency are part time freelancer and some are full time like me. In my case, I am a full time crypto trader and investor and a student at the same time. During pandemic, the surge for the people finding job in internet gets high and what's good about it is the compensation also competitive provided you have a skill that you can offer, also the surge of people aiming to get profited in crypto gets high that's why I feel glad that during this pandemic people have found crypto's value and worth.

Many of my online friends are making more money than I am, even though they're still in school, and they're also getting a diploma that will help them in the future. Since I have a daughter, I need money, and I have a full-time job online, but I also have a side hustle in crypto, which has been a huge help to me and my family. We all know that a lot of people are in dire need of a job right now, and we should be grateful for our side hustles and our current situation.

[TheUltraElite]

What about those you know in your country, does this happen in your country and the people you know? I don't think there are any restriction governing formal workers involved in this industry as investors or traders.

Majority of the users in my country come from freelancing and take bitcoin as a source of income for part time earning and then sell it on exchanges to get fiat since they dont have any avenue of spending bitcoin directly to a merchant.

Jobs that pay directly in bitcoin are still a dream for the average bitcoin user outside countries like US. For the lower economic countries it will always remain a dream unless there are changes from the side of the government to regulate and become lenient about crypto transactions.

I am hopeful that it will be better in future for those who are willing to get paid in crypto. Since it is deflationary, we might see fiat based salaries to be bigger in amounts and rewards than bitcoin based salaries.

[YOSHIE]

Bitcoin manang is not included in the formal variety, but although the nonformal work done by Bitcoin users has a structured, terms and results that are highly valued by many people in this world and have a tiered value after carrying out the assessment process to the international level.

Although Bitcoin work is included in the nonformal category, Bitcoin is very functional in potential investment values, trading, mining in development, knowledge, in the crypto world as it is today professionally.

Although Bitcoin is an nonformal venture, Bitcoin can serve as an alternative, addition or complement to human beings in supporting people invest all the time, in lieu of formal work.

[davis196]

I don't have any info about the amount of public service emplyees interested in crypto in my country.
Actually,I do believe that almost no public service worker is going to reveal that he is investing in cryptocurrencies.Perhaps most of them still think that this is something illegal or shady.
Most of the crypto investors are freelancers,digital nomads and business owners.They are much more tech savvy and more open towards innovation and new technologies.The government clerks and public service employees are usually more conservative and traditionalist(there's nothing wrong with that).

[globalpain]

government worker will busy with their job, but im sure if people out there play this game.
im agree with your thought, most of us maybe just part timer, freelancer, or they work on company that dont have any relate with government.
my old school friend play bitcoin after they graduate, or in collage, and im join after knowing more. most of us know that this salary great than you work on company, but you must run on it. people have different survival ways, and this method is one of the other.

It's also true that people who are involved in cryptocurrency are mostly people who work part time,
Of course it's not without reason because if someone who already has a permanent job either in government or in a company it seems they don't have time for part time in crypto and are really busy

[Obito]

For me, it's alright for this government employees to do trading or other crypto related trading as long as it doesn't conflict with their working hours and they don't do it during their work then it's not really not that bad. My standard if it's acceptable is if it doesn't hinder your work and you don't hinder others then you're good to go.