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212 sats \ 7 replies \ @k00b 23h \ on: Is it too early to get paid in Bitcoin? bitcoin
afaik there aren't many. i'd love to do it, but i haven't found a single service that makes it easy for me to deal with all the legal bullshit and pay out bitcoin to employees as a us based employer. in contrast, there are tons of fiat platforms to do it.
bitwage claimed to do what we needed, then when I went through tons of pain setting up an account they ghosted us and said they decided to not do what we needed.
so we're not even at the stage of 'does an employer want to do this'. we are still at the stage of 'does my employer want a part time job figuring out how to pay me in bitcoin' and the answer 99% of the time is no.
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0 sats \ 6 replies \ @klk OP 23h
I wonder why did you go the “legal” way to begin with. Wouldn't it be a lot cooler if you didn't? And you wouldn't have a lot of headaches, at least the bureaucracy related ones.
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0 sats \ 5 replies \ @k00b 23h
you have to pick your battles. it's not like i'm running a landscaping company.
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0 sats \ 1 reply \ @supratic 22h
especially with investors... do they require dividends in fiat or sats?
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0 sats \ 0 replies \ @k00b 22h
startup investors receive equity without the expectation of dividends
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0 sats \ 2 replies \ @klk OP 22h
IDK looks just easier to not register as a company. I can't even imagine how a tax inspection looks like for such a complex platform (LN routing fees, rewards pool, zaps, territories, ...). So I'm probably missing something. Is it just to have a way to justify your personal income to the IRS?
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0 sats \ 1 reply \ @k00b 22h
how do you sell equity to investors without a legal entity? how do you shelter your personal assets from frivolous lawsuits? those are the two primary reasons why people form companies.
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0 sats \ 0 replies \ @klk OP 22h
I see... Maybe this is an important line of work for hyperbitcoinization. There should be a better way to have shared ownership over a company. And your personal assets should be out of the map to begin with, probably even your real name to protect them.
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