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Would you accept wages in BTC?

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by COINS NEWS 109 Views

Your wages from your job would no longer be in USD but BTC. So if you were to make $100k/yr now — instead you get paid say 5 BTC/yr.

This is fixed though, similarly to how it was in USD. So if the price of BTC dropped down to $10k, essentially you will now only be making $50k/yr and taking a huge pay cut. You don’t get paid the equivalent converted to USD.

On the flip side if BTC rose to just $50k you now are making $250k/yr.

So if we run with 5 BTC annually and you are paid bi-weekly (twice a month) you would be getting 0.1923 btc per pay period.

This is not taking taxes into account as that would still need to be withheld.

Would ya?

submitted by /u/z0uNdz
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