Post
Topic
Board Bitcoin Discussion
Re: Costa Rica, Workers to Paid in cryptocurrency!
by
Vineeta2oct
on 27/07/2018, 13:55:16 UTC
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/

In this article we can read that a new breakthrough in bitcoin economy is realized. We are always talking in this forum of the possibility of workers being paid in bitcoin or in any form of cryptocurrency. Finally the government of Costa Rica is now on the move of making that dream a reality by legalizing cryptocurrency as part of the salary of the workers.

The real question is, if this trend will become successful in long term or will not last long?

How will Govt tax them. Lets say that they are paid in Bitcoins every month, what is price of Bitcoin declined near the time when they have to pay taxes?

Giving salaries in crypto makes matters more complex and doesn't achieve anything. Considering volatility of this market, workers may incur losses due to it and  then they'll stop accepting crypto as their salaries. Instead of giving salaries in crypto, people should be educated about crypto industry and technology.

So, I think this trend won't last long because Bitcoin can't replace fiat as long as whales are there, and hence, high volatility is there.