Salary in satoshis?

[Becassine]

Imagine if all prices were displayed in satoshis like Marty Bent imagined with his extension Opportunity cost .

In that case it maybe nice to receive your salary in satoshis, or not.

What do you think about it ?

(In France, salaries are mandatory in euros, and pay slips are very complex. Tax and administrative rules are complicated, and few companies pay bonuses in satoshis, probably due to this complexity)

[bitmover]

We all have our salaries of signature campaigns in satoshis already 

In the long run, this has been an efficient and profitable payment method. Nothing to complain about it

[$crypto$]

Some countries seem to still not be able to pay salaries in satoshi, fiat is more widely used and I think it's because of government regulations where most are not allowed to pay salaries in satoshi.

We all have our salaries of signature campaigns in satoshis already 

That's right, just in the signature campaign we are paid in satoshi.

[sunsilk]

It's only a matter of time until many companies will start paying their employees with satoshis. I think that there are companies like the exchanges that will either allow the employee to choose the payment method, whether it's with satoshis or with fiat.

fiat is more widely used and I think it's because of government regulations where most are not allowed to pay salaries in satoshi.

It is convertible to fiat and so those that have no problems receiving it will simply choose to get paid in satoshis.

One of the pros on this is we get an instant BTC holding and investment if we don't spend it.  

[Becassine]

We all have our salaries of signature campaigns in satoshis already 

In the long run, this has been an efficient and profitable payment method. Nothing to complain about it

This salary would only be enough if I didn't have children and lived in a remote country, without eating too much, without leisure, and without being sick. In a monastery, possibly. That said, I'm still very happy with this salary, but it's by no means enough to live in a country plagued by inflation.

[LogitechMouse]

We all have our salaries of signature campaigns in satoshis already 

In the long run, this has been an efficient and profitable payment method. Nothing to complain about it

This salary would only be enough if I didn't have children and lived in a remote country, without eating too much, without leisure, and without being sick. In a monastery, possibly. That said, I'm still very happy with this salary, but it's by no means enough to live in a country plagued by inflation.

Maybe take the country where you're living as a factor as well.

I'm living on a developing country (PH), and the satoshis that I'm getting in signature campaign on a monthly basis is way higher than those who are earning on a minimum wage here. On what you said though, I don't have a child still, and also living in a remote are (which is good because we can just still plant vegetables to lessen the expenses). We're eating 3x a day as well though with some snacks in between. As for leisure, we can travel at least once a month, and a huge thanks for the satoshis that I'm getting on signature campaign. Not being sick is given and health is wealth at the end of the day.

As for the salary being in Satoshis, I wonder if how complex it will be in the future, and if the companies are willing to do it despite how complex your pay slip can be. I guess that would be less complicated if it's in stable coins, eh?

[Despairo]

Personally I would like to receive salary in satoshis only 50% because if I receive in 100%, I have to sell some portion to fiat in order pay foods, rent, utilities etc.

If I receive 50% in fiat and 50% in Bitcoin, I won't need to touch my 50% in Bitcoin because it's kind of DCA-ing Bitcoin monthly and I use the another 50% for my daily needs. That's me.

But not all people are interested to invest in Bitcoin, 10% might work for Average Joe.

[Dunamisx]

Let me go by 50% for now, since not every business and institutions are paying salaries already in Satoshi, so both could exist between fiat and Satoshi for payment before everything turned to be on one side, but before then, we still have a long way to go, as we are getting more closer to that time with the widespread of bitcoin as payment medium globally.

[Outhue]

Inflation won't let many to enjoy their salaries but I am thankful that inflation isn't that bad in my country like it is in other, the Satoshi I earn is more than the minimum salary of a government worker here, atleast I am able to increase my long term BTC bag this way.

As a fashionist that I am with kid and spouse my business is still doing fine, better than average so yes it's a good feeling, nothing beats extra income in today's hard world, having more than one source of income will make things easier for you financially.

I don't work for anyone, I have my own clothing business and I get paid in Fiat, I tried applying BTC payment and that doesn't help as expected, at first I was getiing paid by few friends whom have sew many clothes and dresses for but after Bitcoin made a new all time high it just stopped.

[Iranus]

It's only a matter of time until many companies will start paying their employees with satoshis. I think that there are companies like the exchanges that will either allow the employee to choose the payment method, whether it's with satoshis or with fiat.

I doubt it because bitcoin is not a legal currency and not everyone knows about it. Using Bitcoin to pay salaries would be more feasible for cryptocurrency companies than for traditional companies.

fiat is more widely used and I think it's because of government regulations where most are not allowed to pay salaries in satoshi.

It is convertible to fiat and so those that have no problems receiving it will simply choose to get paid in satoshis.

One of the pros on this is we get an instant BTC holding and investment if we don't spend it.  

But it would be disadvantageous if that money were used for daily living expenses. The worst thing would happen if you just got paid in bitcoin and the price suddenly drops 10% or 30%.

Meanwhile, receiving payments in fiat is more proactive and less stressful as there is no need to worry about the price of bitcoin. We can easily plan our spending and buy bitcoins at a better price if we know how to analyze the market.

[SilverCryptoBullet]

Imagine if all prices were displayed in satoshis like Marty Bent imagined with his extension Opportunity cost .

In that case it maybe nice to receive your salary in satoshis, or not.

What do you think about it ?

It is only visual display if you don't receive your salary directly in bitcoin/ satoshi. It is better if you receive salary payment directly in bitcoin / satoshi and your suggestion is good, in my opinion, but it does not show Bitcoin adoption that must come from actual use of bitcoin rather than visual display or equivalent conversion from fiat currency value to satoshi.

There are many converters for this task and if you want to attach it somewhere, build up a script for its visual display.
https://coinmarketcap.com/converter/

[joniboini]

I remember being paid in a flat BTC/week for a sig campaign. Right now, most campaigns seem to quote the fiat value each week, probably because they have to buy the sats to pay the members. I guess it's fine for me, although I doubt my country will allow something like that to happen locally. We're far away from using Bitcoin as a legal means of payment, so receiving a salary in Bitcoin or crypto is a pipe dream.

Having more options is better. I think people have discussed many times about the salary being split between crypto/fiat in the past. I don't think my opinion have changed since then.

[Butterfan]

Actually it would surely change the way people think about money. Seeing prices in satoshis might help more people comprehend Bitcoin better, especially how divisible it is. But at the same time, it could mislead individuals who aren’t familiar with crypto. Getting paid in satoshis sounds wonderful in principle, especially for Bitcoin aficionados, however as you noted in France and many other countries, the legal and tax system makes it practically impossible for now. Until the rules evolve and more companies are amenable to it, I think it’ll stay more of a niche idea than anything practical for everyday life.

[pawanjain]

Definitely yes, even if all stores didn't accept payment in bitcoin I would still prefer to get my salary in bitcoin.
We will always have the option to exchange bitcoin for fiat and so we can do that whenever needed.
Holding rest of bitcoins will eventually increase our net profit over time. We will also get a better average price since the salary credited would be regular.

[OcTradism]

Definitely yes, even if all stores didn't accept payment in bitcoin I would still prefer to get my salary in bitcoin.
We will always have the option to exchange bitcoin for fiat and so we can do that whenever needed.
Holding rest of bitcoins will eventually increase our net profit over time. We will also get a better average price since the salary credited would be regular.

Bitcoin does not need to be legal tender globally in all nations and we will surely never reach to such future. Basically in life, there is nothing perfectly as we want to have and it's true for Bitcoin adoption too. There are people who like Bitcoin while there are the others who dislike Bitcoin. Hence, expanding it to national scale, we will have countries that make Bitcoin legal tender, legal, alegal or illegal.

https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality

[Ruttoshi]

We all have our salaries of signature campaigns in satoshis already 

In the long run, this has been an efficient and profitable payment method. Nothing to complain about it

This salary would only be enough if I didn't have children and lived in a remote country, without eating too much, without leisure, and without being sick. In a monastery, possibly. That said, I'm still very happy with this salary, but it's by no means enough to live in a country plagued by inflation.

You need to look for a second means of income that will pay you in fiat in order for you to be able to meet up to your needs and maybe, hodli your signature sats. Based on what you wrote in the OP, a lot of us here in this forum participating in signature campaign is already receiving salary in Satoshi, and it doesn't matter if it's little or not because we are lucky.

It's rare for anyone to pay salaries in Satoshi if they are not accepting bitcoin as a payment method. My signature weekly payment is enough to take care of my basic needs and weekly expenses and I am happy for that. Though, I have a second means of income in fiat.

[aoluain]

It's only a matter of time until many companies will start paying their employees with satoshis. I think that there are companies like the exchanges that will either allow the employee to choose the payment method, whether it's with satoshis or with fiat.

fiat is more widely used and I think it's because of government regulations where most are not allowed to pay salaries in satoshi.

It is convertible to fiat and so those that have no problems receiving it will simply choose to get paid in satoshis.

One of the pros on this is we get an instant BTC holding and investment if we don't spend it.  

Yes possibly there are companies who could and will offer salaries in Bitcoin
I would imagine these companies would have a Bit oin flow as in receiving
payments in Bitcoin. For most companies it isnt the case so they would have
to convert FIAT to Bitcoin themselves in order to pay Bitcoin salaries.

Personally I would like my weekly wages paid in Bitcoin because I currently am
able to spend less save more so it would cut out the task of using exchanges.

Even if shops didnt show pricing in BTC or even accept BTC I still would like
a Bitcoin salary

[Cryptmuster]

Imagine if all prices were displayed in satoshis like Marty Bent imagined with his extension Opportunity cost .

In that case it maybe nice to receive your salary in satoshis, or not.

What do you think about it ?

(In France, salaries are mandatory in euros, and pay slips are very complex. Tax and administrative rules are complicated, and few companies pay bonuses in satoshis, probably due to this complexity)

Sometimes I see news that some companies that are loyal to bitcoin offer their workers to receive salaries in bitcoin, but we have no statistics on how popular this is among workers. Salary is almost always money that people will spend, and they are only willing to save a small part of it, so they will have to spend most of this salary, and since they are unlikely to be able to spend their satoshi, they will have to exchange bitcoin for their currency so that they can spend it. Maybe once or twice it will be fun for them to receive a salary in bitcoin, but if they only save part of this salary as savings, then it will probably be easier for them to buy bitcoin when with their savings.

[cryptomaniac_xxx]

We have seen sports athletes as wanting to have their salaries in crypto or in Bitcoin.

And if I'm not mistaken, there have been topics about some of us getting their salary in Bitcoin. The only drawback is that the volatility that's why the best suggestion is that why take 50% of your salary in fiat, and then the other half in Bitcoin?

But so far we haven't heard any companies that is willing to do this. It might be complicated for them to have this kind of setup. However, if given the chance? Yeah, why not get it in Satoshi and then work you way on how you gonna spend/invest it?

[sunsilk]

It's only a matter of time until many companies will start paying their employees with satoshis. I think that there are companies like the exchanges that will either allow the employee to choose the payment method, whether it's with satoshis or with fiat.

I doubt it because bitcoin is not a legal currency and not everyone knows about it. Using Bitcoin to pay salaries would be more feasible for cryptocurrency companies than for traditional companies.

I think that I've seen one video before, maybe somewhere in Switzerland or near that region, and that there's a company that offers Bitcoin payments or any other preferred cryptocurrencies to their new employees, other than fiat.

But that's true, the exchanges or crypto projects that have built a team and company are likely to do this preference.

It is convertible to fiat and so those that have no problems receiving it will simply choose to get paid in satoshis.

One of the pros on this is we get an instant BTC holding and investment if we don't spend it.  

But it would be disadvantageous if that money were used for daily living expenses. The worst thing would happen if you just got paid in bitcoin and the price suddenly drops 10% or 30%.

Meanwhile, receiving payments in fiat is more proactive and less stressful as there is no need to worry about the price of bitcoin. We can easily plan our spending and buy bitcoins at a better price if we know how to analyze the market.

That is one of the cons of receiving payments in Bitcoin. The volatility really hits a lot but if you've been used to it just like being part of a campaign, it won't hurt you that much.

But for the new ones, this is something to be considered of.

Yes possibly there are companies who could and will offer salaries in Bitcoin
I would imagine these companies would have a Bit oin flow as in receiving
payments in Bitcoin. For most companies it isnt the case so they would have
to convert FIAT to Bitcoin themselves in order to pay Bitcoin salaries.

Personally I would like my weekly wages paid in Bitcoin because I currently am
able to spend less save more so it would cut out the task of using exchanges.

Even if shops didnt show pricing in BTC or even accept BTC I still would like
a Bitcoin salary

That's one of the pros and I agree with you, just as me. I'm able to spend less if I receive payments in Bitcoin and my mind is set for wanting to have more of it than spending it.