A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not
I don't think that it's really a good thing to pay salaries in Bitcoin in its current state because we all know that how volatile Bitcoin is and if someone salary is paid using Bitcoin and suddenly within few hours the market faces a crash then the value of the salaries will be greatly reduced and that's not a good thing at all. I know that inverse of that can also happen, but still there are some chances that market may face a little downward moment every once in a while.
Although, I'm not against such proposal because it would greatly increase the adoption of Bitcoin, but still we will have to wait for the day when the volatility of Bitcoin will be controlled and things will work in our favor. In current state, Bitcoin can be used as a complementary currency for the exchange of goods, but it can be used as a main asset for investments.