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I've never once purchased a Bitcoin and it will probably be quite a while before I consider ever purchasing Bitcoins, but it seems to me the Bitcoin craze has s

I've never once purchased a Bitcoin and it will probably be quite a while before I consider ever purchasing Bitcoins, but it seems to me the Bitcoin craze has settled down and it's value has somewhat stabilized (for now) making this sort of thing "possible", though I'm still surprised it's even happening. This I believe will be a fad that will be phased out once people start requesting their wages paid in euros, pounds, or other forms of legitimate worldwide currency, using this as precedent. I don't particularly agree with the offering, but it's neat to read about at least.

imaginenore 12y ago
You don't get it. People do want to get paid in Bitcoin, because it's easy to deal with it. It's easy to send and receive payments, they can't be frozen, you don't need to call your bank to authorize a large payment, etc. Euros, pounds, etc don't solve the problems that attract Bitcoin users. Not to mention nobody accepts euros and pounds in the US, so there's no real point in getting paid in them, but Bitcoins get more and more widespread every day. Also I don't care if Bitcoin price is going down at the moment, I still want to get paid in Bitcoin. Unfortunately the people I bill don't have that option.
- MichaelGG 12y ago
  >you don't need to call your bank to authorize a large payment Also known as fraud prevention.
  - imaginenore 12y ago
    Bitcoin has security controls, it's not magically exclusive to the banks. Multisig, paper wallets, multiple wallets, insured storage, etc.
- jacquesm 12y ago
  > Unfortunately the people I bill don't have that option. Well, that's ok, you get paid in your local currency and then you go buy more bitcoins! As for paying with euros and pounds in the US, that mostly applies to cash transactions. I'm having about a 100% success rate paying in Euros when I buy stuff from/in the US and Canada using credit cards tied to European bank accounts. All the exchanges happen fully automatic at some (relatively transparent) percentage, not unlike the fee a bitcoin exchange takes (assuming you get your money back at all...).
- deleted 12y ago
  [deleted]

imaginenore 12y ago

You don't get it. People do want to get paid in Bitcoin, because it's easy to deal with it. It's easy to send and receive payments, they can't be frozen, you don't need to call your bank to authorize a large payment, etc. Euros, pounds, etc don't solve the problems that attract Bitcoin users. Not to mention nobody accepts euros and pounds in the US, so there's no real point in getting paid in them, but Bitcoins get more and more widespread every day. Also I don't care if Bitcoin price is going down at the moment, I still want to get paid in Bitcoin. Unfortunately the people I bill don't have that option.

MichaelGG 12y ago
>you don't need to call your bank to authorize a large payment Also known as fraud prevention.
- imaginenore 12y ago
  Bitcoin has security controls, it's not magically exclusive to the banks. Multisig, paper wallets, multiple wallets, insured storage, etc.
jacquesm 12y ago
> Unfortunately the people I bill don't have that option. Well, that's ok, you get paid in your local currency and then you go buy more bitcoins! As for paying with euros and pounds in the US, that mostly applies to cash transactions. I'm having about a 100% success rate paying in Euros when I buy stuff from/in the US and Canada using credit cards tied to European bank accounts. All the exchanges happen fully automatic at some (relatively transparent) percentage, not unlike the fee a bitcoin exchange takes (assuming you get your money back at all...).
deleted 12y ago
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