Hacker News new | ask | show | jobs
by dragonwriter 4823 days ago
> If on the other hand you just graduated undergrad and had a huge debt and your wage was actually set in bitcoins this would be great for you because the cost of paying off your dept would be from your bitcoin point of view spiraling to zero, as would the cost of everything else.

It would be good if your wage was fixed in bitcoins and your debt was set in dollars, but bad if the reverse was true.

I think, given a deflationary currency, it'll be a lot easier to find people willing to lend money with the loan obligation denominated in bitcoins than it is to find people willing to offer employment with a long-term salary base fixed in bitcoins.