Post
Topic
Board Bitcoin Discussion
Re: What if salaries were paid in BTC
by
Queentoshi
on 02/08/2023, 10:40:38 UTC
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
Salaries should not be paid in bitcoins because the bitcoins will be quickly converted to cash for use by the workers almost immediately after they receive it. This is because bitcoin is not yet generally accepted and there are not so many shop owners and businesspeople that will accept bitcoins for payment. If there had been, then the bitcoins received in form of salary can easily be used directly for transactions without need for change, and it will not create any issue.