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Ask HN: Would you guys work for Bitcoin?

5 pointsby grover_hartmannover 9 years ago
As in receive your salary in BTC.

8 comments

MarkColeover 9 years ago
I would definitely not. For many reasons, but the volatility alone is enough to put me off of it. Losing a months income to a flash crash?<p>Not only that, but I&#x27;d have to convert it to fiat anyway to pay for 99% of the things I spend my salary on. With the fees involved in the exchange and fluctuations, I&#x27;d end up with less money in the end most likely.<p>Bitcoin is a fun toy, and spending some of my disposable income on it sounds ok. But my whole salary? not on my life. I sincerely hope there is no one around that is so blindly invested in the idea of Bitcoin they are converting their whole salary to Bitcoin.
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MalcolmDiggsover 9 years ago
I&#x27;ve heard of some FinTech startups that are offering forward-contracts (think futures, or put-options) on Bitcoin. If I can get my hands on those kind of contracts, I&#x27;d totally accept my salary in bitcoin. It seems like that would eliminate any potential downside, as long as those contracts are relatively cheap to buy.
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jordsmiover 9 years ago
Sure, but I would transfer most of it out to USD.<p>I enjoy BTC for sending&#x2F;receiving payments as it is very easy, but I don&#x27;t see it as a safe &#x27;investment&#x27;.
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Avalaxyover 9 years ago
I love Bitcoin, but why would I work for Bitcoin? It provides no single benefit. In fact, it only provides risks and more hassle (have to convert it to EUR to be able to use it).<p>Burned my fingers on freelancing for Bitcoin a couple of times already.
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ramonover 9 years ago
I would. Just need to re-quote every 3-6 months due to floating quotation, but ok.
J_Darnleyover 9 years ago
Yes. It would at least be something I can trade for a pittance of real money. That being said I would also work for food and housing.
patmccover 9 years ago
Sure - if I can specify the exchange rate.
GFK_of_xmaspastover 9 years ago
Absolutely not. Real money for real work.
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