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Was the amount you were to be paid specified in bitcoins or in some other currency at the conversion rate on the day you were paid?
by mcherm 15y ago
Was the amount you were to be paid specified in bitcoins or in some other currency at the conversion rate on the day you were paid?
- rockyleal 15y agoThe honorary was agreed in Euros before starting my employment. When I was asked for the first invoice I included my Btc address, and wrote an email requesting to be paid in Bitcoin. The reception to the idea was so enthusiastic, including ending up writing a blog post about it (which I co-wrote). An account was created in one of the exchanges and the Btc were bought at market price, after which they were transferred to my Btc address.
- mcherm 15y agoThanks. So from the sound of this, rather than being paid with a fixed amount of bitcoins (treating it as a currency), you were paid with a fixed amount of Euros (treating it as a currency) and it was transferred using bitcoins (treating it as a financial instrument). This satisfies my curiosity: I have seen uses of bitcoins as a financial instrument (although this is the first time I've heard of it being used for salary payments), but I have yet to see it used as a currency (except for speculators).