Post
Topic
Board Economics
Re: Paying my staff in BTC -- effects?
by
nighteyes
on 23/09/2011, 02:05:21 UTC
So i have a few staff members across the country that we are considering using BTC as currency.

1. Bitcoin is far too volatile for that.

2. It's illegal in the US, under the Fair Labor Standards Act. This requires payment in "cash", because of a historical scam - payment in scrip only useful at the "company store". So you can't pay your employees in frequent flyer miles, Facebook points, or Bitcoins.

Yes sir, Mr. government tool. Heil Obama and all the rest of the uber upstanding politicians.
However, not to be picky, but didnt you say bitcoin was over? Just so we can get the jibber jabber straight.