Hacker News new | ask | show | jobs
by imsd 1715 days ago
I'm not sure I understand. You could denominate ETH in dollars, yen, euros, gold, or any other form of money/currency.

Although USD might be your preferred, many would happily sell a vehicle for compensation in BTC, ETH, silver, gold, euros, etc.

2 comments

Well... I wouldn't, nor would 95% of the US. I want to be paid in stable currency backed by the full faith and force of the US Government.

"Oh shit, the internet went out. Hope the value of my ETH doesn't crash through the floor while the internet is down...."

Yeah I can't keep track about the weekly times the whole internet went down. Probably a couple of times a week
It's not the whole internet, just you or the company that holds your BTC wallet. Just the other day Facebook was down for hours. Imagine had that been Coinbase.
You can denominate ETH in whatever you want, but come April 15th you’d better exchange enough for dollars to meet your dollar denominated tax obligation.