Post
Topic
Board Bitcoin Discussion
Re: Started getting paid 100% in Bitcoin starting with my last paycheck
by
Elwar
on 09/02/2015, 09:32:15 UTC
I work for General Dynamics, a company that is suckling on the US government's teet. They would never risk their sweet military industrial complex relationship with the government by accepting bitcoins.

I use bitwage.co (I do not work for them, just happy that I can get paid in Bitcoin).

I set up my direct deposit to the account number they provided me and my last paycheck it was all converted to bitcoins automatically. My bank never saw a penny of my paycheck.

That is the first step in dumping my bank forever.

For spending money I usually sell on localbitcoins for a profit anyway so I always have some cash on hand. And pretty much anything I want online can be paid in Bitcoin.

where do you live in the world?

curious how easy it is for you to sell for fiat on local bitcoins.

I live in Germany, where localbitcoins is banned. Before it was banned I was getting almost too many people wanting to buy bitcoins because it's so hard to get them here. I charged 10% and that was undercutting other sellers so much that people were driving hours to buy from me.

Now that they shut down access in Germany I have 3 or 4 people that I traded with before that contact me, usually just a bitcoin each time they get paid which is enough for me to pay my rent and some spending money. I actually prefer this because I did not want to start turning people down for trades and risk my localbitcoins reputation but I was getting too cash heavy and am not comfortable dropping more than 10k euros in my bank account. I meant to use it as a way to get cash for bitcoins, not turn it into a business.