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> many of us actually regularly use Bitcoin for things like payroll Please define "many" when it comes to settling payroll to employees.
by listenallyall 4y ago
> many of us actually regularly use Bitcoin for things like payroll
Please define "many" when it comes to settling payroll to employees.
- lrvick 4y agoI run a high-risk security and applied cryptography consulting firm so naturally most of my clients are in the crypto-asset industry. Multiple offer payroll in crypto-assets to all staff, and one pays all employees in it exclusively to avoid hires that do not have an interest in the space. I pay most subcontractors in Bitcoin too. Unlike paying in company stock you do not deal with nonsense like AMT or blackout periods. I for one am thankful for the regular clients that pay me in crypto-assets, and wish all would. It saves me having to buy from exchanges. Makes for an easy dollar-cost-averaging strategy too.
- somewhereoutth 4y agoSo the advantage of using crypto is that it is good for those that use crypto? Your argument is circular. > avoid hires that do not have an interest in the space > saves me having to buy from exchanges
- dubswithus 4y agoYou omitted one of their arguments: > Unlike paying in company stock you do not deal with nonsense like AMT or blackout periods.
- somewhereoutth 4y agoso pay in cash, not funny stock.
- dubswithus 4y agoI guess GP likes it? I think plenty of hobbies, sports, and events are stupid. But there are whole industries built around them.
- gizmo385 4y agoWhile that’s true, people don’t often get their paycheck in Funko Pops or LEGO.
- DickingAround 4y agoMoney is kind of like that; it's a delusion. The problem is something is always breaking that delusion by printing more of it. But not everything can be printed. If you can't print, the delusion can be pretty hard to break. If the delusion is never broken, it's actually a good thing to use as money.