Quote from: nighteyes on September 23, 2011, 02:05:21 AM

Quote from: Nagle on September 19, 2011, 09:42:40 PM

Quote from: heruspex on September 19, 2011, 07:25:21 PM

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.

He's not a government tool, he's right. It's been illegal for decades. Payment for labor in anything except money is illegal.

If explicitly stated in the contract of employment (not likely unless you are very high-up), payment *may* be given out as stock options, futures or shares, like in the case of Steve Jobs (whose 'salary' was only one dollar a year, but earned about 10-20m annually through stocks)

Payment in gold, silver, bitcoins, McDonalds vouchers or anything else is illegal.