this is an entertaining anecdote, thank you for sharing.
wonder if there's a bit of a "there's a gold rush going on, so sell picks and shovels" mindset -- i.e. you don't necessarily have to believe that investing in bitcoin is a good idea to make a profitable living selling bitcoin-related financial services.
there's a pretty big difference in asking for an annual salary of e.g. $100k usd, to be paid in btc at the current exchange rate, versus asking for an annual salary of 2.17 btc (apparently 2.17 btc = $100k usd at time of writing). which one did you ask for?
i personally wouldn't be comfortable signing a 12 month lease where i agree to pay the landlord a fixed amount of btc. i prefer my long-term liabilities to be predictable and boring, not amplified by volatility from speculative asset classes. might be the same for how the company thinks about its labor expenses.
...would you be more comfortable with that arrangement if your salary was in in fixed btc?
They obviously know something that you don't --- like the fact that you can't pay rent or buy food with BTC --- because (wait for it) --- it's not a real, practical functioning currency.
I buy whatever I want from my crypto income stream. Feels a lot like real money to me lol, I've not worked for fiat in years. You'd think I would have run out of food by now?
I'm not sure what you're exactly getting at with the ad hominem, but are you doubting who I say I am?
If the former, why not just buy at each paycheck as zepto stated below?
After you open an account they will provide you with bank accounts (ACH and/or Wire with your name) that you can send to your employer, after your employer deposits the money Bitwage will send you the equivalent amount in BTC to your address.
The payment window is usually same to next business day, they also charge a 1% fee for this service, but it's worth it in my opinion, because if you are willing to hold the BTC, the fiat value will keep increasing as BTC continues to rise.
If you need to sell because you need fiat, I recommend using Bisq (https://bisq.network/) and sell small amounts, then replace the BTC amount you previously spent.
Good luck and enjoy freedom/peace of mind.
If you believe that at the moment of being paid (in Bitcoin) there’s no arbitrage to be had, then you might as well just take your paycheck and immediately buy Bitcoin.
If you expect them to pay you a fixed salary in Bitcoin given its volatility that’s pretty ridiculous an ask - I’d laugh too.
I recommend going for employers who got involved in a bit of mining or otc /retail trading, you can even get 100% crypto salary there.
because it makes no sense, sending money with BTC is like sending cash attached to a carrier pigeon.
The value is not very stable, good luck with the taxes system of your country, or for example to get a loan from a bank to buy a home. You will most likely exchange a lot between bitcoin and your local currency anyway, so why not getting paid in your local currency to simplify everything?
And did you consider the environmental impact of bitcoin ?
https://www.coindesk.com/square-to-support-greener-bitcoin-m...
Besides that one, I have only seen companies willing to pay in other coins, most commonly ETH.
Ideally you can use Blockfi.com and take out a loan using your BTC as collateral if you need fiat.
This is also true for crypto currency wages.
NB: This is in the US, but there will be comparable rules in nearly every country.