Getting Paid in Crpyto? – Nick Makhonuk

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Some people might ask the Question.

Why would I want to be paid in crypto?”

If people really believe in BTC/ Crypto and want to immediately increase adoption, they’ll request being paid in Crypto/BTC.

So far what I have seen is that the volatility makes crypto an ‘investment’ opportunity and I won’t argue that it hasn’t been great to people,; if I am trading future labor for future currency, why would I enter into that contract with crypto?

If I negotiate to be paid 2 bitcoin a month, that’s great right? But some months that buys me a high end car and some months that buys me a pizza (exaggeration). So how do we rationalize the fact that stability makes a currency and volatility makes an investment? Where does crypto fit?

If the Block-chain and Cryptocurrency community wants to be taken seriously more people need to be paid in Crpyto.

As of Writing Getting Paid in one Bitcoin a Month currently would be roughly 8,500–9,500 USD A month.

Dont agree to a certain #of coins. Agree to a Salary then pay the salary in crypto

Doesn’t this defeat the purpose of crypto? You are actually agreeing to a salary of USD (or whatever) but taking payment in crypto.

How getting Paid in Bitcoin/ Altcoins Works.

1. You agree to the salary. They pay u in crypto. If you believe in the project you keep it as an investment. If not u cash it out. Personally I’d agree to it then look at my financial status and either cash out for fiat or keep it invested for more gains.

Or you can keep a portion in crypto, cash out what you need. You have now gotten your pay and invested in your holdings. If you get paid 50k a year and hold 25k in crypto, then it goes up to original 50k, your job just paid u 75k for the salary

As long as you look at crypto in USD value you will feel this way. As long as you need the USD value of your crypto you will look at the USD value of crypto.

The goal is to get to a point where you no longer care how much USD your crypto is worth. Everyone who makes posts like this and worries about the “volatility” of crypto is missing this key point.

1 BTC is worth 1 BTC.

How the Ideal situation works. You trade/ exchange for Fiat when you need to buy Groceries and pay for bills and you keep the rest in Crypto.

Many People would love to be paid in crypto. I don’t understand why this is even a concern? Yes it is volatile but it’s long term trend is up. If you believe it will lose value quickly than just exchange it for fiat?

BUT ITS NOT REAL MONEY…….

Well first off its REAL money, its just a different currency so to speak.. You could ask to be paid in Yen, Pesos, Crypto is no different.

To spend Yen, Pounds or Crypto you would have to exchange them for USD.

Another way to look at it is this. People get paid in stock. Just as a thought exercise think of it like that. The value of the stock is in flux and you can sell the stock for its value in USD. In many ways its not an apt comparison because crypto are NOT stocks, but for the purposes of explaining why one might desire to get paid in crypto its useful.

If you told your boss that you would take a 10%-20% pay cut if you were paid in crypto, they would listen. It would incentivize them to accept bitcoin, and to hold it to pay out.

But most people won’t make that sacrifice even if they truly believe that crypto will moon.

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level 2
Biggie39
28748 karma | New to crypto
1 point
·
1 year ago
If I told my boss I would take a 10–20% pay decrease to accept crypto, they wouldn’t have anyway of understanding that.

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level 3
Toyake
2 points
·
1 year ago
Teach them.

Lead them to resources so they can learn.

10–20% reduction in labor costs is major for most companies.

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level 2
grishmoney929
Bronze | QC: MiningSubs 3
0 points
·
1 year ago
Why would you take a pay cut to get paid in crypto when you could just take the dollars and buy crypto. Kudos on the dumbest post though.

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level 3
Toyake
0 points
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1 year ago

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