2014-06-02 Blockchain.info CEO: We Pay Employees in Bitcoin. And Someday You Mi

[Swordsoffreedom]

Making up for the secondary source and adding this one

http://www.entrepreneur.com/article/234463

Nicolas Cary is convinced Bitcoin is as monumental a game changer as the Internet itself.

He believes in it so much that he’s perfectly fine with getting paid 100 percent in the world’s first digital cash by his employer, Blockchain.info, the popular Bitcoin wallet and block explorer he leads as CEO (and chief bacon officer).

Actually, everyone at the York, England-based startup gets paid in Bitcoin only. The company doesn’t even have a single traditional bank account.

Continued in Article

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[Ron~Popeil]

Making up for the secondary source and adding this one

http://www.entrepreneur.com/article/234463

Nicolas Cary is convinced Bitcoin is as monumental a game changer as the Internet itself.

He believes in it so much that he’s perfectly fine with getting paid 100 percent in the world’s first digital cash by his employer, Blockchain.info, the popular Bitcoin wallet and block explorer he leads as CEO (and chief bacon officer).

Actually, everyone at the York, England-based startup gets paid in Bitcoin only. The company doesn’t even have a single traditional bank account.

Continued in Article

That is awesome. I would love to get paid in bit coin. If coin base were ever to roll out direct deposit I would send mine there.

[bryant.coleman]

Blockchain.info is still having less than 100 employees. But it would be really great, if some of those bigger companies pay their employees through Bitcoins. What we need is a start. Adoption will catch on later.

[steelboy]

Jimbob's, a sandwich shop in Oxford pays a percentage of it's staffs wages in bitcoin.

[okthen]

Being actually paid in btc might take a while to become mainstream.
More than buying/selling products anyway.
Companies would be afraid of tax control and being deemed illegal.

[Ron~Popeil]

Being actually paid in btc might take a while to become mainstream.
More than buying/selling products anyway.
Companies would be afraid of tax control and being deemed illegal.

Contract positions would be easier to get for sure. No need to deal with social security and taxes. Just issue a 1099 each year.