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by coinbase-craig
4575 days ago
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But dollars are not being delivered to me, that's the point. Bitcoin isn't acting as a middleman here-it's the end. If I were your employer and decided to price your bi-weekly paycheck in terms of segways (each paycheck would be the dollar equivalent of one segway), does that mean you'd be "paid in segways"? No, you're paid in dollars. You can't really claim someone is paid in dollars unless (1) they receive actual dollars, or (2) the thing they receive instead is guaranteed to be exchangeable for that dollar amount at any point into the future. Neither of these is true of a salary that is delivered in bitcoin, regardless of how it's priced. |
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No, Employer > USD > Bitcoin > You. If you're using dollar equivalent for any reason whatsoever, then that's what you're really being paid in. Your salary is being priced in dollars, not Bitcoin.
> You can't really claim someone is paid in dollars unless (1) they receive actual dollars, or (2) the thing they receive instead is guaranteed to be exchangeable for that dollar amount at any point into the future.
Yes I can. Your employer is paying out dollars, that it's converted to something along the way is not relevant, they're paying you in dollars; you just receive something else through a middleman, in this case the Bitcoin network.