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Would you work for company whose retirement plan is cryptocurrency?
I have seen a few companies hiring people with Ethereum, and Bitcoin purchases in the employee's name as their advertised and sexy retirement plan. Strikes me as pure idiocy. What do you think?
- zarzavat 5y agoSure if it's paid into a wallet I control the keys to, and is paid in an equivalent amount to normal retirement plans. Otherwise no, I can buy my own cryptocurrency thank you.
- monopoledance 5y agoLol. Absolutely not.
- przeor 5y agoLol. Absolutely yes.
- ashwagary 5y agoWould you work for company whose retirement plan is in *bitcoin*? Yes.
- jcun4128 5y agoWonder if you have to do the Ask HN: format. Personally probably not unless I can cash it out right away/I have that choice. Also retirement is not something I really count on. My own plan is to make enough/invest it. That old FIRE idea. I have hopped around jobs wise I probably have random 401K's here and there with a few dollars in them.
- jstx1 5y agoHow is it paid out - in what account? what control do you have over the funds? Can you even hold crypto in most retirement accounts? (In the UK you can't, I don't know about the US) Because if it isn't an actual retirement account, you can just treat it as 0 money to retirement and some amount additional compensation.
- cableshaft 5y agoI probably wouldn't elect to have my retirement account be in crypto, but not because I think it's dumb to do it. My crypto portfolio has outperformed my 401k by more than 5x at this point. I just like to stay diversified and it's easy enough for me to put a portion of my own income into crypto, and dollar cost average so it's basically just a supplemental 401k without the government restrictions on how much I can put into it.
- bitxbitxbitcoin 5y agoYes. Was this prompted by Jupe’s job posting?
- bsenftner 5y agoyes