I see a total lack of understanding of currencies in most of BTC-related startups.
For example a bitcoin based payroll is like giving away shares (less volatility of course, but you get the point). If someone would work for shares, he probably will (think about) accepting bitcoin as payment.
In Silicon Valley people takes risks easily, but in Europe I think no one in their right minds will wanna do this.
Payrol automation on the other hand, especially for software companies makes a lot of sense.
I don't know quite what you are referring to. Giving away shares of stock in any public company could possibly be compared to it because they're liquid like BTC is. BUT I don't see it as being similar to giving away shares of a private company which are not very liquid.
The risk of getting paid in BTC does exist as far as price volatility, but it's not a far cry away from being paid in cash being as it's liquid and many merchants accept it as payment.
Nope, but while a currency is designed to devalue BTC if doesn't crash IMHO is highly unlikely to devalue since it's a finite non-controlled currency.
USD on the other hand devalues over time by design. So these two currencies are designed in totally different style and both wouldn't exist if they hadn't been designed that way (USD to devalue over time and BTC to increase value over time).
Right. But with our system, the employee's wage/salary is entered as USD. We purchase BTC at the time that payroll is ran at the current price.
So assuming that the employee isn't going to spend it and that BTC is forever increasing in value over time - the employer isn't giving away a valuing asset because they purchased it and gave it away within a few moments while the employee gets the benefit of a valuing asset. I don't think anyone would complain about that.
For example a bitcoin based payroll is like giving away shares (less volatility of course, but you get the point). If someone would work for shares, he probably will (think about) accepting bitcoin as payment.
In Silicon Valley people takes risks easily, but in Europe I think no one in their right minds will wanna do this.
Payrol automation on the other hand, especially for software companies makes a lot of sense.