Salary in satoshis?

[Reatim]

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

What do you think about it ?

i would love to see my salary if my salary was 1 bitcoin per month unfortunately it is not lol so when i convert the sats still it would amount the same to fiat and it would have the same effect

but it would be good to have sats or bitcoins equivalent to really strengthen the state of bitcoin as a currency and not just an investment asset

[MArsland]

50% is allocated for investment and 50% is used to meet basic needs. I think that is enough reason but in our country bitcoin is not a payment method, it is still an alternative investment asset so here 100% is only in the form of fiat salary. Luckily the signature campaign salary is in satoshi and that is considered enough for me, at least as long as it lasts then it can be an investment and the fiat salary is used to meet living needs.

[Lucius]

I think that few would decide to receive their salary 100% in BTC, because considering the volatility, it is very easy for that salary to lose 5% or more compared to fiat in just a few hours. However, for those who want to invest in BTC regularly, a smaller percentage might be acceptable - and it would be even better if that percentage was not fixed but could be changed by the employee on a monthly basis.

It's not a new idea, as far back as 2017 I read that some companies offered their employees part of their salary in BTC.

GMO Internet, a Japanese web hosting company, has just offered to pay a portion of their employees' salaries in bitcoin. The shift is entirely optional, and the company is offering a range of entry points into the initiative. Starting in February, some workers will have the option of receiving as little as 10,000 yen (around $88) or as much as 100,000 yen (around $890) of their salaries in bitcoin. The offer will eventually expand to all of the company's more than 4,000 employees.

[WatChe]

50% is allocated for investment and 50% is used to meet basic needs. I think that is enough reason but in our country bitcoin is not a payment method, it is still an alternative investment asset so here 100% is only in the form of fiat salary. Luckily the signature campaign salary is in satoshi and that is considered enough for me, at least as long as it lasts then it can be an investment and the fiat salary is used to meet living needs.

Those who have job can use monthly salary for daily living while they can accumulate Bitcoins from signature campaign here. It's a kind of DCA accumulation because you are paid weekly salary in satoshis and we are very much clear now that how beneficial it is to accumule Bitcoins in DCA manner. If we only have rely on job then we have to spare some money for investment purpose but being part of a signature campaign here  reduces that pressure from our job salary.

[xzone]

I don't think it's very viable right now. Think of it like this, yesterday you were making $11k and today you're making $10k. Would you want that? Bitcoin doesn't have a stable enough price yet.

Of course, the best investment for long term investment is to buy bitcoin, but it would not be very healthy to use bitcoin yet to pay for the expenses that we earn in our daily lives and that allow us to live our lives. we need time for this to happen

[suzanne5223]

Based on the operation model on this forum, which shows that almost 98% of the services operated on this forum are done through the use of Bitcoin and Satoshi, we already have things running on this forum based on Satoshi.

Therefore, I have nothing against the concept and for the creator of the opportunity cost extension to create it with the belief of using it to help the adoption of Bitcoin.
According to what I read through the link provided by the OP, the extension was said to help reduce unnecessary purchases by showing the opportunity cost of purchases, which is a good thing. However, it will be nice if more features are added to the extension services.

[bitzizzix]

I need a salary to meet all my needs and all my needs must use fiat because of the ban and also there are no shops or sellers who accept Bitcoin as a means of payment, although there are other ways such as online or individually it seems complicated especially for important needs such as groceries for cooking and other things that are often and commonly purchased, then I will agree to receive a salary in Bitcoin if Bitcoin is really legal and many shops or sellers accept Bitcoin as an alternative payment method. And even though I receive a salary in fiat I can buy Bitcoin from part of my salary which I think is the same because receiving a salary in Bitcoin we must use it to meet our needs by exchanging it into fiat, so it all depends.

[Cointxz]

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)

This is good if you don’t use your salary immediately because you have a flexibility to wait for a perfect price to convert it on fiat or if you can directly pay using Bitcoin.

Here in PH no store or services that accepts Bitcoin so I’m obligated to convert my Satoshi to fiat before I can use it for payment while there’s fee on conversion that result to less conversion if I decided to convert immediately.

[sheenshane]

50% is allocated for investment and 50% is used to meet basic needs. I think that is enough reason but in our country bitcoin is not a payment method, it is still an alternative investment asset so here 100% is only in the form of fiat salary. Luckily the signature campaign salary is in satoshi and that is considered enough for me, at least as long as it lasts then it can be an investment and the fiat salary is used to meet living needs.

Those who have job can use monthly salary for daily living while they can accumulate Bitcoins from signature campaign here. It's a kind of DCA accumulation because you are paid weekly salary in satoshis and we are very much clear now that how beneficial it is to accumule Bitcoins in DCA manner. If we only have rely on job then we have to spare some money for investment purpose but being part of a signature campaign here  reduces that pressure from our job salary.

Maybe there's no issue if, after you receive your salary from the signature campaign, you convert half of it into your weekly budget.  It's similar to the DCA method, where you keep half as your long-term investment while spending the other half on daily needs.

Fortunately, it would be advantageous to have another source of income, aside from accepting Satoshi.
This way, if you have a job that pays in Bitcoin, it will remain untouched in your wallet for accumulation purposes since you have cash to spend.

I believe there's nothing wrong with accepting Bitcoin as payment, whether for a large transaction or a small one.

[Mpamaegbu]

~

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.

It's like you're up for salaries to be sent in satoshi, perhaps because of the extra charges when done in euro, right? Have you factored in what happens if salaries are also paid in satoshi during a bear season where payment drops and keeps dropping once it's paid? Even if you set a timer and are lucky to grab it immediately it's sent, you may still lose during conversion for sale.

[uneng]

For me it would be great to be paid in Bitcoin. I don't have any problems with that, and I even think it's good, because I tend to save most money as possible from the total income I make, so by receiving it in satoshis, automatically I would be already investing my money without the need of exchanging it and paying taxes along the process. For many years that is what I've done thanks to the weekly payments from signature campaign.

Anyway, I don't think we are going to see it happening in large scale and involving main sectors of our economy, because in order to do so, they would have to give up on fiat currencies, which are essential for the economical organization of our local societies. Implementing Bitcoin in large scale for payments would inevitably cause drastic changes, economical uncertainity and potential riots, at least on short run.

[retreat]

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

Man, this is so true lol.


But if I had a real life job where the company paid me in Bitcoin, that would be a great option for me. Since I'm already used to receiving Bitcoin payments, it wouldn't be a new thing, and I'd actually be grateful to the company because at least they're directly empowering Bitcoin through their payroll system. But this is just wishful thinking, because we know that companies won't/can't use Bitcoin for payroll in their companies, whether because of regulations, fees, etc.

[Marykeller]

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.

Nothing sweet as working for anybody. You do the things you want at your own time, and the side hustle you have, you are being paid with your country fiat and Bitcoin. You will spend on fiat gotten from your clothing business for daily needs, while the Bitcoin you receive from signature campaign you will hodl for long.

Imagine what they future will look like, if you ride on with this way of spending on fiat for daily needs and wants, while save up Bitcoin for long term. You will be counting yourself as one of the millionaires you have in your city that Bitcoin has made rich for life.

[BtcAnalyst1]

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.

I think that it may be very rear in the future to get paid in Satoshi because the whole business activities hovering on bitcoin seem to be focused as an assets with a store of value than a medium of payments. I just hope that in near future Satoshi will be use for payment to further increase awareness and adoptions, but many investors considered holding bitcoin than using for payments in my opinion.

[famososMuertos]

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)

There are several regions where; for example, payment is gold, or precious stones like emeralds in Colombia, in other countries they even buy rice with gold nuggets, without speaking of countries where inflation with the local currency is "break" by inflation, so they have currency exchange to currencies like the Euro, the dollar, etc. Then, it's like adding Bitcoin to the equation, that's all.

[Mrbluntzy]

In my country salaries are not paid via pay check (though it's there but mostly available to politically exposed personnel), employees in different companies and sectors mostly receive their salaries via wire transfer. Even in the next decade, I don't see a 10% chance of salaries being paid in Satoshi, because companies are not yet willing to adopt such payment method, except for new tech companies that would newly start their business. If am being paid in Satoshi in the real world not just on this forum, it will be good.

[serjent05]

If all items are priced in satoshis, then it would be convenient for Bitcoin holders to spend their Bitcoin, since they do not need to convert it to fiat.  This will also encourage people to use the currency and those who have not tried it yet to try it.

We might possibly see a massive migration from fiat payment to satoshi payment and obviously once people are buying satoshi to use as a payment method, the demand for Bitcoin will greatly increase thus a price increase is inevitable.

[Orpichukwu]

This will be an excellent idea – that is, if the salary is fixed based on fiat value, which will then be converted to satoshi worth in terms of payment. That way, I know that I'm being paid a certain amount rated in foreign currency or my local currency, but if my salary is to be calculated and fixed based on satoshi, it will have both advantages and disadvantages, especially when I depend on that salary to pay my bills.

If the price of Bitcoin is low, which means my overall earnings will be reduced compared to what I usually receive, my income value will be determined by the current Bitcoin price.

[BABY SHOES]

It depends on the individual whether they want to be paid in satoshi? Usually most people today choose fiat because it is easy to spend... although satoshi can also be sold when you receive it, for me personally I only want to receive satoshi and it only feels like payment in the campaign. Lol

Not only in France... you know in Indonesia the same salary is mandatory IDR as currency, there is tax income, there is a pay slip but this doesn't seem too complicated.

[Ryu_Ar1]

I even feel that now even though this is like my side job on the forum but I feel the salary using it so I'm not too curious anymore because every week I get a part of the work I do in the form of satoshi.

Although for some people it may not be too appropriate to say as a salary but when we do something and get paid then it's the same as a job for me so I get the right to the obligations that I have fulfilled so it's right to be called a salary

But for permanent jobs especially in the real world it seems that this is still a bit complicated to feel that because in the end we still can't let go of fiat at any time and the country or government and related people in a country where we live will still run according to the system where we work then the salary will remain with fiat.