Quote from: Boov on Today at 12:35:21 PM

Quote from: Abiky on July 30, 2021, 03:35:08 PM

Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments.

Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks.

Bitcoin was too expensive to be used as payment for employees despite of its volatile character, and if it will be pushed to divert on this idea everybody should have crypto litteracy. With respect to job industry, fiat has already been dominating for several years but on this matter I guess there's no circumstances arising. Let's just remain this way for the main time, maybe in perfect time job industry will soon adopt this kind of salary payment using digital currency.

Fiat doesn't just become dominant for a few years, it's a few decades and what makes it possible to maintain and store all the capabilities and charms for the user is security and stability, almost all employees from the moment they receive their salary in fiat can use it immediately while bitcoin always needs confirmation and then still a confirmation, sometimes the bad network also affects the transaction. As an employee, I don't need to understand bitcoin or its creation, I just know my salary is needed every month so I can use it freely, reduce the pressure of life and relax.