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1319 sats \ 6 replies \ @DarthCoin 26 Feb \ on: If you could ask Michael Saylor one question, what would it be? bitcoin
When he will start paying Microstrategy employees in bitcoin?
I wish they would. It would make it a lot easier for other companies to do so.
He's been asked this. I believe his answer was something along the lines of, if they want to be paid in bitcoin they can be (most of us know several ways of doing this). The reason they don't has to do with accounting and tax complexities. Not saying I agree with him. I'm not a CPA, tax expert, and have never run a publicly traded company. He's probably right that is simpler to use fiat and let the employees deal with it. I suspect if the tax code and accounting rules changed they would offer it. I do recall that general accounting rules changed recently and that will greatly help MSTR when reporting on their company balance sheets. I suspect the same would be true on this if the "rules" change.
When you play in the fiat world, run a public company or even a private company you have to abide by the rules of the state or they come after you. Its like Jesus said. Render unto Caesar what is Caesar's. If you play in the fiat world you live by their rules. Bitcoin will win because it is a new alternative system that can grow and overtake the old system.
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For those that don't know. Pretty much anyone (employees) with a direct deposit can get paid in bitcoin now using services like Bitwage, Strike, and CashApp to name a few.
@DarthCoin has a guide for setting up Bitwage.
I would ask Saylor, what needs to change for Microstrategy to start paying employees in bitcoin?
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what needs to change for Microstrategy to start paying employees in bitcoin?
Damn right question!
Once people start being paid in Bitcoin, all their life is changed.
I was bEing paid in bitcoin from 2016 and in 2018 when I said goodbye to all bank accounts, my life changed TOTALLY.
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good one!
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👀
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This is a very stupid question, incredibly stupid and bearish for human civilization because of its stupidity.
I tire of explaining things to foolish LARPers, so the rest of this comment is left as an exercise for the reader.
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