Quote from: kotajikikox on August 02, 2023, 11:54:11 AM

Quote from: Queentoshi on August 02, 2023, 10:40:38 AM

Quote from: Edcrypto91 on July 25, 2023, 07:22:48 PM

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.

wrong , it is their choices if they wanted to convert in fiat/cash or not m there are employees that also have other source of income in which they need not to take their bitcoin from salary to use instead they will only keep it in holding.

and also there are some employer that can ask their employee if they wanted to be in bitcoin or cash , still their choice .

How would it be when your salary was paid yesterday and today, you noticed that the worth had reduced by 15%. This can be shocking and that is what many people does not understand about Bitcoin. The market is very risky and for your to hold Bitcoin, you must be ready to accept any outcome you see as a result of being a Bitcoin investor.
Bitcoin is not a stable currency and holding it or being paid in Bitcoin can be profitable or unprofitable at any instance. It is important that we know the risk that we are taking before we decide to enter the market because ignorant will not bring back the lost fund.