If you earn in bitcoin, you will prefer to spend in bitcoin (versus going through the friction of “cashing out” into fiat). This occurring will “close the loop”, lessening significantly the conversions to and from fiat.
What would change that you would be earning inn bitcoin in the future? Well, … you might:
- freelance where the gig pays using bitcoin
- freelance on a traditional freelancing site (e.g., Upwork) but get paid in bitcoin thanks to BitWage
- sell goods and services and get paid using a bitcoin merchant processor
- work for a bitcoin company that pays in bitcoin
- work for a company that earns some of their revenue in bitcoin, that then prefers to pay vendors and employees using those bitcoin proceeds
- be employed by a decentralized autonomous organization (DAO), which can only pay out in crypto, as it doesn’t touch fiat and has no bank accounts
- do microtasks for bitcoin
- be a content creator who earns bitcoin using a bitcoin-based Patreon-like service or earns bitcoin with each view on their youtube channel, or web site
- fix software and earn a bounty
- get bitcoin back for online purchases paid for using a credit or debit card
- operate a mining operation, tiny or large
- sell online or locally to earn bitcoin
- earn gains or dividends from stocks or ETFs bought on an American stock exchange through Abra
- earn interest from decentralized lending
- buy and sell bitcoin on a P2P Trading exchange
- collect rent from tenants who pay in bitcoin
- earn profit from operating bitcoin ATMs
- earn from operating a bitcoin over-the-counter OTC Trading desk
- provide legal services such as arbitration or escrow
- withdraw after gambling on online poker, sporting events (e.g., on nitrogensports.eu), games of chance, etc.
- earn from a “cam site”
- sell that prepaid gift card you don’t plan to use, in exchange for bitcoin e.g., on Paxful.com
- withdraw from your auto-investing / spare change app
- raise money through crowdfunding
- etc.
Things are just getting started …., just wait until gig marketplaces like Uber, DoorDash, and AirBNB offer to pay in bitcoin to attract more service providers, and when payment in bitcoin is an option for those who make bulk payments — such as when Udemy pays instructors their commissions or when TryMYUI pays their testers.
submitted by /u/cointastical
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