Salary in satoshis?

[Bastketsrus]

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)

It’s a fun idea—seeing prices in sats and getting paid that way could make Bitcoin feel more real day-to-day. But yeah, with all the tax stuff and rules, especially in places like France, it’s easier said than done.

[Fivestar4everMVP]

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)

Some time ago, like some years ago actually, I made a thread on this board where I talked about this same thing, which is we having our salaries paid in Satoshies, including pension..

Any body who knows about bitcoin and has invested and benefited from it, and maybe still has investment in bitcoin even now would definitely love his or her salary to be paid in bitcoin if he or she is working in a company that pays salary bi-weekly or monthly, as for me, I wouldnt mind getting paid in Satoshi.

One thing companies interested in paying salaries in Satoshi must do is to ensure the ask their employees one after the other what means they would like their salaries paid, everyone should be paid based on their choice or choosen currency because I personal believe that bitcoin represent freedom, and as such, it should never be forced on anyone.

[SATWAT]

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)

For countries that legalize purchases using bitcoin, it may be difficult to pay employee salaries using bitcoin because it could be against labor regulations. I look at the country where I live and we are not allowed to use bitcoin as a transaction and of course receiving salaries via bitcoin is a difficulty that can lead to companies receiving sanctions.

To make this step is indeed complicated because most countries do not allow the use of bitcoin as a transaction even though we realize that being paid with bitcoin can be a good step. But talking about existing rules and regulations, this will be quite difficult to realize because support regarding regulations will be hampered.

Same situation is happening to me because now in our country they are working on legalizing bitcoin, but this is going to take time but still it's not possible to have salary in bitcoin because its more complicated thing.
I am happy I am having my salary on this forum in bitcoin because now I can save this for my long time strategy which is my dream to have good amount of bitcoin because for me its one of the best option as saving and also use even I am not able to use this in my country, but I am able to use this bitcoin for many things which are helping me.
Bitcoin is going to be had game changer in near future because as predictions are coming it's going to be had seven figures which could be huge motivation for peoples those were calling this as Ponzi or bubble.

[Agbe]

This your idea is a future one because for now even though Bitcoin and crypto as a whole is receiving alot of support from around the world receiving payment through crypto currency is one thing that will take time because I believe that that will have to pass through law before any firm and even government will pay salaries in Satoshi as you are proposing

[salad daging]

Same situation is happening to me because now in our country they are working on legalizing bitcoin, but this is going to take time but still it's not possible to have salary in bitcoin because its more complicated thing.

Maybe to legalize bitcoin as a commodity asset is still possible and maybe the government will try to do it, but for salaries it seems that this will be complicated, companies do not want to bear the risk because of clashes with inappropriate regulations.

I am happy I am having my salary on this forum in bitcoin because now I can save this for my long time strategy which is my dream to have good amount of bitcoin because for me its one of the best option as saving and also use even I am not able to use this in my country, but I am able to use this bitcoin for many things which are helping me.

Yes, this is an opportunity for us to receive a salary in the form of bitcoin on the forum, so we are free to do whatever we want, including cashing it out directly or making it a long-term investment by not selling it.
With bitcoin - I have many stories where bitcoin helps change their finances for the better or even more.

[X-ray]

It’s a fun idea—seeing prices in sats and getting paid that way could make Bitcoin feel more real day-to-day. But yeah, with all the tax stuff and rules, especially in places like France, it’s easier said than done.

Should be a good problem to solve for any startup that want to streamline the process of using crypto day by day, adoption is here, but infrastructure wise, we really need solution to streamline things.

Just imagine if we can receive salary in sats while there's service to take care of the tax and other things under the hood. Maybe some exchange can just implement this, even if the service is charged with fee I'm sure people gonna use it.

[JeffBrad12]

(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)

It's the main problem that prevents big company from giving option to pay in crypto, taxes are such a pain to deal with and big company with huge payroll and many employees aren't getting those additional complexity at expenses so they discard the proposal at first glance.
Salary in crypto or anything similar will be possible for a big company when there's legalization of bitcoin to the existing system such as recognizing it as a legal tender.
If such thing doesn't exist, just forget it. Even with current legalization of crypto that's taking rapid progress, so many company are still hesitant to adopt it, only very few innovative company willing to take the risk.

[traderethereum]

No, I don't like to receive my salary in satoshis and still prefer to receive fiat. Fiat is still use in my country and Bitcoin is just for commodity or investment. I don't know if that already implement in other countries but I guess that will depend on the allowing from the government.

That may happen in the future if more government make Bitcoin as a legal so those companies can use Bitcoin as employee's salary. Until that time, it is better to use fiat as a salary especially if fiat still be used in our country.

[henry_of_skalitz]

No, I don't like to receive my salary in satoshis and still prefer to receive fiat. Fiat is still use in my country and Bitcoin is just for commodity or investment. I don't know if that already implement in other countries but I guess that will depend on the allowing from the government.

That may happen in the future if more government make Bitcoin as a legal so those companies can use Bitcoin as employee's salary. Until that time, it is better to use fiat as a salary especially if fiat still be used in our country.

It would be better for the current times, I agree - we will have much more opportunities to use said fiat and to buy more BTC with it too..

[o48o]

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.

So are you saying that you are currently putting 50% of your salary to bitcoin? You must either have a cheap rent and expenses or high enough salary.

Even putting 10% into bitcoin is insanely high for anyone who not even interested in bitcoin. I would say that if you have low income, then investing 10% from that is good, but average joe prioritizes other investment forms before putting all of it to bitcoin. Assuming that they have budgeted everything else in order before that.

For me it's easier to get paid in fiat money, so i can pay taxes from it and buy bitcoin. Rather then having my salary in BTC, keep in mind how much that was valued in fiat money, and convert some of it to fiat money to pay taxes, hoping that it hasn't dropped too much in value when i convert.

[john_egbert]

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.

So are you saying that you are currently putting 50% of your salary to bitcoin? You must either have a cheap rent and expenses or high enough salary.

Even putting 10% into bitcoin is insanely high for anyone who not even interested in bitcoin. I would say that if you have low income, then investing 10% from that is good, but average joe prioritizes other investment forms before putting all of it to bitcoin. Assuming that they have budgeted everything else in order before that.

For me it's easier to get paid in fiat money, so i can pay taxes from it and buy bitcoin. Rather then having my salary in BTC, keep in mind how much that was valued in fiat money, and convert some of it to fiat money to pay taxes, hoping that it hasn't dropped too much in value when i convert.

The risks are bigger than the pros, in my opinion.

At least that's the case currently - we can steadily accumulate while having fiat salary, which is used much more for everything rather than BTC, which would be needed to be turned to fiat to pay up for said taxes / other expenses, where BTC can't help..

[lizarder]

Same situation is happening to me because now in our country they are working on legalizing bitcoin, but this is going to take time but still it's not possible to have salary in bitcoin because its more complicated thing.
I am happy I am having my salary on this forum in bitcoin because now I can save this for my long time strategy which is my dream to have good amount of bitcoin because for me its one of the best option as saving and also use even I am not able to use this in my country, but I am able to use this bitcoin for many things which are helping me.
Bitcoin is going to be had game changer in near future because as predictions are coming it's going to be had seven figures which could be huge motivation for peoples those were calling this as Ponzi or bubble.

Everything is possible but it takes time to realize and I believe it will not be so important because what is needed is how we can continue to make plans in the investment targets that are being carried out. The issue of paying salaries to workers is still too complicated because it will indeed be hampered by regulations so that companies prefer a safe path in order to maintain the existence of the company to grow further. Anyone who says bitcoin is a Ponzi scheme is probably a bitcoin hater because we realize that only haters will continue to spread fake news.

Now we need to think about how to put a better focus on investment and even though individually our finances are not so stable, there are times when it is necessary to make a big plan for implementing a strategy to achieve investment. Bitcoin will continue to grow in the future and it is very unfortunate when someone does not take advantage of the existing conditions and instead regarding salary payments or legal transactions, let the government think about it.

[BenCodie]

While not common yet, it is possible to be paid partly or completely in Bitcoin from employers. All it takes is asking, and if that doesn't work, there are some services that can take the salary so that it can be instantly converted to Bitcoin upon payment.

Why not get paid in Bitcoin if the option is there? In the future it might be sad to get a paycheck and seeing it only worth some satoshis, especially if you didn't accumulate sooner (stack while there's still time!)

[Zlantann]

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.

50% will also be good if it is my permanent job since it is my main source of revenue. The other half will cover my basic needs for the month. But I would prefer 100% if it is a side hustle since I can use it for hodling Bitcoin.

I think It’s a interesting idea and it could help more people comprehend Bitcoin on a smaller scale. Seeing costs in satoshis might make it feel more usable and less daunting but definitely in areas like France with strong rules and complex tax systems it would be hard to entirely switch. Maybe as an alternative or bonus it could work but not as the main way to get paid at least not now

Paying salaries in Bitcoin will increase awareness and adoption. Many people in my country are not aware that Bitcoin is a currency. I think most non-crypto organisations would find it difficult to adopt this policy. But it could be very easy to implement for crypto-based firms like crypto exchanges and casinos.

[OgNasty]

Salary in satoshis has a nice sounding ring to it and it's a good idea, but unfortunately I'm not sure how good it is in practice for most people.  I think saving in satoshis is probably a better saying, as that is something that everyone could do.  If you took 50% of your income in satoshis you would probably have great difficulty feeding yourself or paying your bills.  No need to go full overboard.  Just save in Bitcoin and over time you'll end up ahead of the pack.  Don't sacrifice your convenience for it though.

[Smartvirus]

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

True and true.
For the most people that have been opportune to work in a signature campaign and have had to be curious on this likely possibility of a distant future: signature campaigns remains your first hand case study. Take it for the Beta phase of what is to be expected and frankly, it wouldn’t make a lot of difference in the end as, most individuals would end up exchanging them for fiat or spending it directly. Same way you use your salaries today just that, spending would come with some level of reluctance.

[summonerrk]

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)

Due to the constantly changing price of Bitcoin, such a salary system needs to be tied to the exchange rate, for example, of the dollar. And the salary was valued strictly in dollars, after which the exchange rate was converted into satoshi. Because if the salary is exclusively in satoshi, then due to the change in the Bitcoin rate, people will panic. For example, some time ago, Bitcoin cost 55 thousand dollars, and if someone got a job at a rate of 108 thousand for Bitcoin, he would panic because his salary fell by half. Personally, I imagine all this only like this.

[criptoevangelista]

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)

At this very moment, I wouldn’t accept it, even though I firmly believe in Bitcoin and its future. We’re in a bull market right now, where the likelihood of a price drop increases with each passing day... but when the market shifts to a bearish trend and drops enough, it wouldn’t be a bad idea at all to receive everything in satoshis, it would save me the huge hassle of having to sell fiat to buy Bitcoin.

[henry_of_skalitz]

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

True and true.
For the most people that have been opportune to work in a signature campaign and have had to be curious on this likely possibility of a distant future: signature campaigns remains your first hand case study. Take it for the Beta phase of what is to be expected and frankly, it wouldn’t make a lot of difference in the end as, most individuals would end up exchanging them for fiat or spending it directly. Same way you use your salaries today just that, spending would come with some level of reluctance.

Yeah, before BTC would be accepted just the same as fiat is - that would be the case, and it won't change much..

[hd49728]

Salary in satoshis has a nice sounding ring to it and it's a good idea, but unfortunately I'm not sure how good it is in practice for most people.  I think saving in satoshis is probably a better saying, as that is something that everyone could do.  If you took 50% of your income in satoshis you would probably have great difficulty feeding yourself or paying your bills.  No need to go full overboard.  Just save in Bitcoin and over time you'll end up ahead of the pack.  Don't sacrifice your convenience for it though.

Bitcoin users are all Satoshi Nakamoto and they don't actually need to receive satoshi from their salary to become Satoshi Nakamoto in community and inherit vision of the Bitcoin founder.

Salary is only one of Bitcoin use cases and Bitcoin does not need all people on Earth receiving bitcoin/ satoshis in salary to be accepted globally. It's not too right and does not match with Satoshi Nakamoto's visio- for as maximal freedom as possible for everyone and Bitcoin users - if there are mandatory policies to force all companies pay their workers and staffs in bitcoin.