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Being paid in fiat means my default income stream is a depreciating one. I'd prefer to be paid in an evolving currency, one emerging out of maximal open-compet
by elevenoh 5y ago
Being paid in fiat means my default income stream is a depreciating one.
I'd prefer to be paid in an evolving currency, one emerging out of maximal open-competition. Why? Nothing breeds a better result.
- quickthrower2 5y agoHow you get paid doesn’t matter. Convert it all to crypto if you want on payday.
- radiator 5y agoBut that would be only half the solution. If the value of fiat decreases daily, then you should also negotiate a salary raise every month? Most people do not get raises more than once per year.
- quickthrower2 5y agoCryptoo is too volatile vs. goods and services. If you negotiate a 2 BTC/y salary for example you could be rich or flat broke next year depending on factors such as if Elon Musk is pro-dog-based-coin or pro-original-coin You’d quit if the monthly 1/6 BTC salt was worthless so the job is effectively a call option on BTC
- _dain_ 5y agoAnd how is your employer going to pay you in the same amount of crypto each month, if that crypto is mooning? The company's revenue stream is still in fiat, which they must use to buy that crypto to give to you, so eventually you will become too expensive to employ.