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Don't forget working for it by doing stuff and receiving payment in them. That's my personal philosophical favorite.

by noman-land 6y ago

littlestymaar 6y ago
True, though in practice “stuff” means “drug dealing”. \s
- samatman 6y ago
  It's fairly normal to receive payment in cybercoins if you're working for a company in the space. At least it was in the ICO era.
  - tyre 6y ago
    Yep. And then you can go spend them on
    - cachvico 6y ago
      USD
    - vmception 6y ago
      Farmville Iykyk
- vmception 6y ago
  yes, if you don’t have marketable skills there are artificially crippled growth industries involving drugs or your body that isn’t new with crypto
  - deleted 6y ago
    [deleted]
- de6u99er 6y ago
  Coffeeshops here in NL only accept either cash or plastic.
  - smeej 6y ago
    There's already an entire industry growing up around enabling cryptocurrencies to be spent using traditional payment rails too, though, for those who don't want to see their governments print away the value of their money. Coinbase itself has a debit card that deducts directly from your crypto balance and allows you to swipe the card anywhere that normally takes Visa. They're even a card issuer for Visa in their own right, so they don't have to do it through partner banks.[0] Spending crypto is easy, whether the vendor opts into using it or not, so if you do get paid in it, it's easy to use. [0] https://cointelegraph.com/news/coinbase-becomes-direct-visa-card-issuer-with-principal-membership https://cointelegraph.com/news/coinbase-becomes-direct-visa-...
    - imtringued 6y ago
      >for those who don't want to see their governments print away the value of their money. The sad reality is that governments fail to do so. The irony behind your comment is that if they could, they would have stopped a long time ago.
      - smeej 6y ago
        I think we must be talking past each other or something. The purchasing power of every single fiat currency has trended down since the elimination of hard money standards, so as far as I can tell, every single government is printing away the value of its money. I don't see how that's "failing to do so" if "so" refers to "printing away the value of their money"?
chii 6y ago
and yet, almost nobody does this. Because it's impractical so far. I would look forward to the day when it does become practical, but i cannot see when that may be.
- jchw 6y ago
  It’s not that unfathomable, it’s just not something you’re about to get in place of a direct deposit any time soon. I’ve seen internet artists and musicians offer to take commission payment in crypto before. Assuming the ecological issues of cryptocurrencies are possible to sort out, this kind of peer-to-peer usage feels nearly ideal, especially when many smaller businesses have trust issues with internet peer to peer payment providers such as PayPal.
mdoms 6y ago
No one wants to pay you for legal above-board work in bitcoin[0] because bitcoin is not a useful currency (for reasons that have been rehashed plenty of times in HN comments. [0] within margin of error
- ca98am79 6y ago
  I don’t understand why people think this is true. I use it often with my business and it works great.
  - faeyanpiraat 6y ago
    What is the benefit for you or your customers? My assumptions: You may save a miniscule amount on transaction fees. For your customers It’s just a new hoop they have to jump. Does it worth it?
    - nlitened 6y ago
      If your customer is willing to spend BTC they own for your services, and you’re willing to exchange your services for some amount of BTC — then it’s very straightforward, zero extra hoops to jump. Imagine now your customer is in a non-US country, and you are in another non-US country with another currency. Using USD wire transfer is jumping through hoops in this context, and might not always be fast, cheap, or possible at all with some pairs of countries.
      - logifail 6y ago
        > If your customer is willing to spend BTC they own for your services[..] In this scenario, would one's rate be set in BTC, or fiat? I'm struggling to understand how a (non-crypto) business could want to hire a contractor at - let's say - 0.016 BTC/day, then watch the real (fiat) cost of that rate change value as the crypto markets move. "We hired a contractor at what was $100/day but right now it's costing us $1000/day because we agreed to fix her rate in BTC" ? Isn't this essentially like agreeing to pay someone in gold, or any other random commodity?

Don't forget working for it by doing stuff and receiving payment in them. That's my personal philosophical favorite.

littlestymaar 6y ago

True, though in practice “stuff” means “drug dealing”. \s

samatman 6y ago
It's fairly normal to receive payment in cybercoins if you're working for a company in the space. At least it was in the ICO era.
- tyre 6y ago
  Yep. And then you can go spend them on
  - cachvico 6y ago
    USD
  - vmception 6y ago
    Farmville Iykyk
vmception 6y ago
yes, if you don’t have marketable skills there are artificially crippled growth industries involving drugs or your body that isn’t new with crypto
- deleted 6y ago
  [deleted]
de6u99er 6y ago
Coffeeshops here in NL only accept either cash or plastic.
- smeej 6y ago
  There's already an entire industry growing up around enabling cryptocurrencies to be spent using traditional payment rails too, though, for those who don't want to see their governments print away the value of their money. Coinbase itself has a debit card that deducts directly from your crypto balance and allows you to swipe the card anywhere that normally takes Visa. They're even a card issuer for Visa in their own right, so they don't have to do it through partner banks.[0] Spending crypto is easy, whether the vendor opts into using it or not, so if you do get paid in it, it's easy to use. [0] https://cointelegraph.com/news/coinbase-becomes-direct-visa-card-issuer-with-principal-membership https://cointelegraph.com/news/coinbase-becomes-direct-visa-...
  - imtringued 6y ago
    >for those who don't want to see their governments print away the value of their money. The sad reality is that governments fail to do so. The irony behind your comment is that if they could, they would have stopped a long time ago.
    - smeej 6y ago
      I think we must be talking past each other or something. The purchasing power of every single fiat currency has trended down since the elimination of hard money standards, so as far as I can tell, every single government is printing away the value of its money. I don't see how that's "failing to do so" if "so" refers to "printing away the value of their money"?

chii 6y ago

and yet, almost nobody does this. Because it's impractical so far. I would look forward to the day when it does become practical, but i cannot see when that may be.

jchw 6y ago
It’s not that unfathomable, it’s just not something you’re about to get in place of a direct deposit any time soon. I’ve seen internet artists and musicians offer to take commission payment in crypto before. Assuming the ecological issues of cryptocurrencies are possible to sort out, this kind of peer-to-peer usage feels nearly ideal, especially when many smaller businesses have trust issues with internet peer to peer payment providers such as PayPal.

mdoms 6y ago

No one wants to pay you for legal above-board work in bitcoin[0] because bitcoin is not a useful currency (for reasons that have been rehashed plenty of times in HN comments. [0] within margin of error

ca98am79 6y ago
I don’t understand why people think this is true. I use it often with my business and it works great.
- faeyanpiraat 6y ago
  What is the benefit for you or your customers? My assumptions: You may save a miniscule amount on transaction fees. For your customers It’s just a new hoop they have to jump. Does it worth it?
  - nlitened 6y ago
    If your customer is willing to spend BTC they own for your services, and you’re willing to exchange your services for some amount of BTC — then it’s very straightforward, zero extra hoops to jump. Imagine now your customer is in a non-US country, and you are in another non-US country with another currency. Using USD wire transfer is jumping through hoops in this context, and might not always be fast, cheap, or possible at all with some pairs of countries.
    - logifail 6y ago
      > If your customer is willing to spend BTC they own for your services[..] In this scenario, would one's rate be set in BTC, or fiat? I'm struggling to understand how a (non-crypto) business could want to hire a contractor at - let's say - 0.016 BTC/day, then watch the real (fiat) cost of that rate change value as the crypto markets move. "We hired a contractor at what was $100/day but right now it's costing us $1000/day because we agreed to fix her rate in BTC" ? Isn't this essentially like agreeing to pay someone in gold, or any other random commodity?