I think Rotalihinna makes a good point exchange rate would be adjusted at the time of the payout. The main point is getting paid through a wire transfer or paypal. There are fees associated with it. If your getting paid weekly over the year those fees add up. Why should the banks or paypal be taking a cut?. However with Bitcoin I think those fees would be dramatically reduce or if not be zero. Since overstock,dish tv and a few others are now taking bitcoin, didn't really think it's still in the "deep webs" or fraud publisher way to get paid. And I will pass on the 10% cut thanks for asking.
This is fascinating, coming from you Steve...If there is enough demand, networks will implement payments via Bitcoin. It's how networks wound up implementing payments via PayPal, ACH, wires and pre-paid credit cards.
As it is, there is almost zero demand for this payment method. That has to change before any networks will even begin thinking of implementation.
I spend a lot of time talking with people in the bitcoin world who would race to suck you off
I think the volatility issues would be fine if the payout was based on the dollar, but converted into BTC right at the time of payout etc. But then you could just get your money and buy BTC with it so I don't see how that'd be useful.
Fascinating maybe, but not that surprising. A network is in the business of providing good customer service, and if the customers demand Bitcoin payments, we'd be fools to ignore that.This is fascinating, coming from you Steve...
I spend a lot of time talking with people in the bitcoin world who would race to suck you off if only you tell them where jobs that paid bitcoin are hiding.
I'm not talking about 10 people here... Thousands, at least. Maybe ten to 20 thousand people already, all wishing they could earn coin more steadily... An no, not all Indians... India doesn't "get" bitcoin yet; these are all Mericans, Canucks, and Yuropeens. (Chinese too, but I don't speak their language so I can't tell how many there are.)
Jobs sites like Coinality and scattered groups like this facebook page help them find coding gigs and of course 9to5 J-O-Bs, but what they really want is to work from home for some steady bitcoin.
All they need is training on the biz, and a guy like you to offer them their coins. Hmm....
If there is enough demand, networks will implement payments via Bitcoin. It's how networks wound up implementing payments via PayPal, ACH, wires and pre-paid credit cards.
As it is, there is almost zero demand for this payment method. That has to change before any networks will even begin thinking of implementation.