Would you work for Bitcoins? (not bitpay etc)

[Zhan21]

I want to get through some bitcoins their work.

[NeuroticFish]

Bitcoin is a great payment instrument, especially if you work with companies from other countries.
I would definitely work for Bitcoin.


Just... let's face it... most of us will have to convert that earning into fiat to pay the loans, buy food and so on...

[opossum]

Has anyone approached oDesk, freelancer.com or any of the other similar websites about adding Bitcoin to their method of payment? Would be a great tool for all of these sites.

Have you ever read any of their ToS or Privacy Policies? Most of them keep a fractional reserve of your funds and collect interest on your funds from the bank, not to mention their tendency to scam. I myself have lost about 2,000$ to scamming by a company which I shall not name (starts with F), after someone has paid me for a job, clearly said that he was happy with it in the chats, then called up his credit card company and they reversed the payment which led said company to not only put my balance into a negative but actually take the money from other freelancers which I employed with said money. When I inquired about the info of said scammer they weren't willing to give that out.

In general I don't think that it would be beneficial to Bitcoin, we have plenty of scammers already, don't need new ones. (And F you, you scamming companies)

Well you would obviously need to trust any company like this that you are doing work for/through. I wouldn't think that any company like this would engage in fractional reserves as they are not a lending institution so there would be very little reason for them to not have all of the funds that would be owed to you upon completion of your work (the only exception to this would be if the free lance company were to trust the client enough to not make them pay upfront).

I don't think we would see a lot of scams from companies not paying for work provided as this is a very serious crime that is generally prosecuted by law enforcement, and it would be easy to prove if you were paid or not

17. Funds
You may have funds in your Account if you have prepaid for fees or charges or for services to be provided to you via the Website. If you are a Seller, you may have funds if you have successfully completed a Project, or sold an item, and funds have been released to you. There are also circumstances where funds will have been credited to your Account in relation to an affiliate program or a referral program.

Funds in your Account are held by us in our operating accounts held with reputable financial institutions. Funds in your Account are not held separately by us and may be commingled with our general operating funds and funds of other User's Accounts.

You are not entitled to any interest, or other earnings for funds that are in your Account.

We may receive interest on funds held by us in our operating accounts (which may include funds in your Account) from financial institutions with whom we hold our operating accounts. Any such interest earned belongs to us and we will not be liable to any User for any imputed interest on such funds.

If your Account has a negative amount of funds, we may:

set-off the negative amount of funds with funds that you subsequently receive into your Account;
if you have funds in multiple currencies in your Account and one of the currencies becomes negative for any reason, we may set-off the negative amount against funds you maintain in a different currency balance (at an exchange rate applied by us);
reverse payments you have made from your Account to other User Accounts on the Website;
deduct amounts you owe us from money you subsequently add or receive into your Account; or
immediately suspend or limit your Account until such time as your Account no longer has a negative amount.
In the event that we offset a negative amount of funds pursuant to this section, it may be bundled with another debit coming out of your Account.

We reserve the right to collect any funds owed to us by any other legal means.

You acknowledge and agree that:

we are not a bank or other licensed financial institution and do not provide banking services or any financial services to you;
the funds shown in your Account (which may include Milestone Payments and/or any prepayment of fees and charges which you owe to us) represents our unsecured obligations to you with respect to your rights to direct us to make payment in relation to the purchase and sale of Seller Services through the Website and provision of the Freelancer Services;
to the extent that we are required to release funds from your Account to you, you will become our unsecured creditor until such funds are paid to you;
we are not acting as a trustee or fiduciary with respect to such funds or payments;
the amount of funds showing in your Account is not insured and is not a guaranteed deposit;
funds may only loaded into your Account, or released from your Account, by us and you must only use the mechanisms available on the Website to pay for, or receive funds in respect of Seller Services;
we will hold funds in respect of the amount of your Account (including Milestone Payments) in an account held by us with a financial institution (or in any manner that we decide in our sole discretion from time to time) and such funds are not segregated into a separate account; and
we may commingle your funds with funds of other User's and our own funds and such commingled funds could be used to pay other Users or for our general corporate purposes or otherwise, however, we will remain obliged to release or refund funds at your direction in accordance with this User Agreement.

Sure sounds like they are holding your funds in a fractional reserve while collecting interest on your cash.

The company itself doesn't scam you directly in the sense that they refuse to let you withdraw etc. They scam you in a sense that they put you in a vulnerable position where you get your funds stolen and then refuse to give away the information of the scammer due to their privacy policy. If I have a business which allows some of my customers to steal freely from my other customers while I cover up for the scamming customers without making the risks clear then I am a scammer by definition:

Definition of SCAMMER. a dishonest person who uses clever means to cheat others out of something of value <Internet scammers who never seem to run out of swindles>

This is the very reason why I started the first honest freelancing website, it's the first honest financial website connected to the internet as far as I'm concerned.

I wouldn't say that these sites are scamming just because they are earning interest from your funds prior to your funds being available for your withdrawal. Users are made aware of this fact and agree to this prior to doing work for/through the site, and should rationally consider this a cost of doing business.

I would also say that just because funds are co-mingled with the company's own funds, it would not mean that they are working on a fractional reserve system, all it means they are co-mingling funds (which is a general bad practice)

[ytr8]

can't imagine that one day we all  work at home and been paid with Bitcoin.It is too stimulating,what a wonderfull Life!

[Ionchamp]

Of course. Ow wait, are you saying that i'll give my service and then I will be paid thru BTC? Then my answer is no. From where I am now, btc is useless.

[okae]

Ofc i will work for BTC, this is on what we beleive yes? so why not to work for it?.

Now there is lot of ppl doing it, maybe is not his #1 job and is only a spare job, but beleive me, there is lot of ppl who wants to work for BTC.
Even if this is 50%/50% btc/fiat this will be a great news, because this will mean that lot of ppl are accepting FINALLY the BTC in his lives and dont forget that this is exactly what all of us want ¿yes?

Hell, just check the https://bitcointalk.org/index.php?board=52.0 section there is lot of ppl who offer his time for BTC and grow up everyday.

can't imagine that one day we all  work at home and been paid with Bitcoin.It is too stimulating,what a wonderfull Life!

jajaja +1 to that!!

[Mr Tea]

Cash is king.

Yes, until it loses value at 1%+ per year and collapses.
#openyourmind

As much as I love bitcoin it can lose that value in a matter of moments so it's hardly a solid currency at the moment. I'm not sure I'd like to be  paid my wage in it as I like to be able to buy the amount I want at the time.

[AlexSm]

I wouldn't say that these sites are scamming just because they are earning interest from your funds prior to your funds being available for your withdrawal. Users are made aware of this fact and agree to this prior to doing work for/through the site, and should rationally consider this a cost of doing business.

I would also say that just because funds are co-mingled with the company's own funds, it would not mean that they are working on a fractional reserve system, all it means they are co-mingling funds (which is a general bad practice)

Some food for thought: If the financial institution isn't holding the funds at a fractional reserve how are they able to offer interest?

Also this is beyond the point, if I create an artificial enviroment where scammers prosper then I am no better.

[ihash-mining]

Personally I get paid in bitcoins, so as all my team members at iHash Cloud Mining. I usually keep 60% of my salary in bitcoins and I convert the rest to USD. Unfortunately, I can't live off of bitcoins only. But I know that the time will come...

[Elwar]

Everyone could choose the amount they are paid in bitcoins via direct deposit if we had a Bitcoin Credit Union.

[AlexSm]

Everyone could choose the amount they are paid in bitcoins via direct deposit if we had a Bitcoin Credit Union.

I am not sure I follow

[2dogs]

Sorry to hear about being scammed, AlexSm.
Respect to you for trying to make the "work for Bitcoins" arena more credible with your new project.
Good Luck to you!

[pitham1]

Getting paid in Bitcoins for work is a good option, especially if you want people across the world to work on your project.
Sitting in the UK, you can hire somebody in a developing country to do your work and then pay him in bitcoins.

[AlexSm]

Sorry to hear about being scammed, AlexSm.
Respect to you for trying to make the "work for Bitcoins" arena more credible with your new project.
Good Luck to you!

Thanks! 

[lambdaE]

Yes, but only after local stores start accepting Bitcoin. Seems long way before this happens, because without a lot of people having Bitcoins, there is not much incentive for local stores to care

[Ron~Popeil]

I would do it in a heartbeat. Conversion is pretty easy when necessary and more and more options are available for spending BTC directly.

[robbyd86]

I work for btc/altcoin on the side.... but I get paid in USD still at my day job.  I wouldn't mind it being 100% btc

[axel2078]

For my primary job, no, I'll stick to USD. Until I can pay my bills and buy groceries with bitcoin, it will stay that way for me.  However, if I was doing freelancing or side jobs, then sure....I would gladly get paid in BTC for that.

[funtotry]

Everyone could choose the amount they are paid in bitcoins via direct deposit if we had a Bitcoin Credit Union.

They would not need a bitcoin credit union to do this. Someone could easily just setup an automatic purchase with coinbase when coinbase would debit the bank account that you receive a direct deposit to.

Both a bitcoin CU and using coinbase in this regard would be less cost efficient then getting paid directly in bitcoin (from someone that already has bitcoin from other business transactions) as exchange fees would be taken out of the equation   

[AlexSm]

Yes, but only after local stores start accepting Bitcoin. Seems long way before this happens, because without a lot of people having Bitcoins, there is not much incentive for local stores to care

Ultimately you'd have to sell the BTC, what I really meant is would you ACCEPT them and not use bitpay etc where they are instantly sold and you "accept" fiat.