Quote from: coolcoinz on June 14, 2024, 07:14:08 PM

Quote from: shanhaigamefi on June 14, 2024, 09:07:09 AM

The main culprit? Crypto’s notorious volatility. Unlike a steady paycheck, Bitcoin and similar currencies can swing wildly in value. This means freelancers could see their hard-earned income shrink before they convert it to usable cash.

You can use a payment processor, send coins directly to an exchange, or get in touch with a physical exchange. I know a guy who works at such exchange and they generate addresses for clients that an exchange bot empties the moment they receive a deposit.

I can give you an example of how this would work. Your employer is supposed to pay you on the first of every month and the agreed amount is $1k. You give him the address from a payment processor or your local physical exchange and he sends you $1k in BTC at 8 and that transaction has 1 confirmation at 8:10 and at 8:12 it's already automatically converted to your local currency. There's no volatility and chances that bitcoin will dump more than 1% in 10 minutes aren't very high.

Quote

And even though Bitcoin’s price has been on a tear, skeptics warn its future remains a gamble.

Skeptics don't want to be paid in bitcoin, bitcoin enthusiasts do.

In my opinion, the notorious volatility of cryptocurrencies, especially Bitcoin, is a major problem for freelancers. This volatility means the value of crypto can change drastically in a short period of time. As a result, freelancers paid in crypto may run the risk of losing the value of their earnings before they have a chance to convert them into usable cash. This can be a serious challenge as their income is unstable and can take a toll on their personal finances. Therefore, although crypto offers some advantages, its volatility makes it less than ideal as a means of paying stable income.