Post
Topic
Board Economics
Re: Is Accepting Crypto Salaries Worth It?
by
legendbtc
on 17/06/2024, 08:09:01 UTC
Cryptocurrency is an innovation, so if someone is willing to pay a salary or receive a salary with crypto, then that person has fully supported the adoption of this innovation. I was once an employee and to be honest, if I were still an employee, I would be willing to receive a salary in crypto currency, but I prefer bitcoin because the price of bitcoin fluctuates so the profits received can be greater than just receiving stable coins.
What if costs are high, will your company still transfer it? I don't think the company will transfer it, of course it will wait really cheap to transfer your crypto assets. Are you really patient in this matter? How can you make a profit, will you save for a certain period of time, don't you think about your daily needs that require money? I think you are quite ridiculous in this case

The mistake people make is to only look at the upside of bitcoin and ignore its volatility in the short and medium term. What happens to us if we get paid in bitcoin when it's worth $72k, but then we drive home and the bitcoin price suddenly drops to $66k? If it was a long-term investment it wouldn't be a big deal but I don't think any of us would feel comfortable with the value of our salary dropping so suddenly. Using bitcoin to pay salaries is still not really suitable when the volatility of bitcoin is so large, it is not beneficial for us because we use our salary for daily needs. 

Why keep things the same? I mean we still get our salaries in fiat and we can buy bitcoin whenever we want. Everything is fine when our salaries are paid in fiat currency, why try to change it in an unstable direction?