Comment by divan | Hacker News Reader

Comment by divan | Hacker News Reader

I receive a salary in cryptocurrency for quite a long time, and I always try to be as objective and unbiased about articles on the future of blockchain and cryptocurrencies as much as I can. But articles like this truly disappoint me because there is no actual reasoning for such a strong and confident statement in the title.

The whole article just says that a single encounter with a not-the-cool-tech-guy confirmed author's suspicions that there is no underground value in blockchain technology. Which is strange to hear from a professor in ML – the last person you would suspect to make such a generalization from the single data point.

And that's not to mention that observable "blockchain boom" is, in fact, just trading on the crypto-exchanges boom, which has nothing to do with actual potential and benefits of blockchain and cryptoeconomy, which is itself a field of research even more complicated than ML world.

Is your salary in cryptocurrency, or is it really in USD/Euros/whatever, converted to cryptocurrency at the current exchange rate on payday?

For now it's tied to EUR amount and converted on the average exchange rate for the last 5 days before payday.

For now? Do you expect that to change?

getting your salary paid in crypto currency is nuts. But fair play to you.

How do you pay bills? What cryptocurrency do you get? How do you / your employer handle currency fluctuations?

I got my full salary payed in Bitcoin for almost a year when it was worth less than 1000 USD per coin. Only cashed what I needed. I'm very happy now.

Maybe he's getting paid in DAI[0], a decentralized stablecoin?

0: https://makerdao.com/

To be more precise I have a choice of being paid fiat/crypto (it's ETH) in any ratio I choose. So it can be 100%/0%, 50%/50% or 0%/100%. For now I'm using 50%/50%, so I'm not completely out of the "classic" financial system :) But I know people who are.

IMHO it does not make much sense receiving a salary in an asset such as a crypto "currency". At least for the vast majority.

It sounds senseless that purchasing power of someone that is averse to risk (which I would say is almost everyone in western countries) is that volatile.

With this I'm not saying thay I'm pro fiduciary money or central banks controlled by established institutuions but this is the way it works.

Again I'm not saying this is your case.

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