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Out of curiosity, what do your BTC-paid employees do with the BTC? Are there enough BTC-accepting merchants where you are that doing a significant portion of y
by Mister_Snuggles 12y ago
Out of curiosity, what do your BTC-paid employees do with the BTC? Are there enough BTC-accepting merchants where you are that doing a significant portion of your spending in BTC is reasonable? Are they able to buy groceries, pay rent, etc in BTC? Or do they just hope that BTC will go up and they'll make money on the exchange?
This may come off as critical, but it's not intended that way. I'm genuinely curious as to how far BTC has come as a 'real currency'.
- codelitt 12y agoNo don't worry. It doesn't come off as critical at all. I would say its about split. Several of them buy a lot online which helps. They use it in real life occasionally, but often just change it into dollars when they need cash/local currency in their account. Some of them hold a bit of it. A few real world examples: Employee 1 takes a 50/50. He payed for his holiday with it because his travel agent accepts it. He splits about half of his paycheck and uses the BTC whenever possible. Employee 2 takes 100% BTC, keeps everything in BTC and exchanges when he needs local currency, but manages to do almost everything in BTC. Employee 3 takes a tiny percentage in BTC and just holds it as an investment.