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That is certainly an interesting datapoint, though paying your employees in bitcoin... I'm not sure how I feel about that in ethical terms. What would you as an
by minimax 13y ago
That is certainly an interesting datapoint, though paying your employees in bitcoin... I'm not sure how I feel about that in ethical terms. What would you as an employer do if you paid someone on Friday and on Monday that paycheck only bought half as much bread as it did on Friday? Also doesn't it make income/FICA tax kind of a pain?
- nazgulnarsil 13y agoThe employer as paternal unit paradigm needs to die. If the employee wants to take a risk they are an adult and should judge the merits of the scheme for themselves.
- johmas 13y agoThat's a good question. We don't exactly view it as an ethical issue. Anyone on the team can opt-in to whatever percentage of their compensation they'd like to be paid in bitcoin. Currently no one is taking 100%. We do educate how the currency functions and the risks there may be.
- saalweachter 13y agoDo you let them specify any of their contracts in Bitcoin? Eg, a salary of $X + Y Bitcoins?
- meowface 13y agoThere are definitely a lot of risks involved in accepting Bitcoins as a salary. Anyone doing it should fully research the currency and be aware of the risks before ever accepting such an option.