Post
Topic
Board Economics
Topic OP
Paying my staff in BTC -- effects?
by
heruspex
on 19/09/2011, 19:25:21 UTC
So i have a few staff members across the country that we are considering using BTC as currency.
  
If i were to send 1600USD per week in BTC (currently ~290 btc); and then they were to immediately turn around and sell all or part of them for their currency (either GBP, EUR, etc);

What effect would this have on the market if the buys and sells were almost back to back? looking at the trade history -- just curious if 1600 back and forth is enough to cause problems for either party using BTC



RW

Edit:  I think that their arent enough buy/ Sell orders for the conversion to be comparible. I think that the buyer would end up paying way more than what the seller would be able to flip them for.


RW