UK Employee Explains Why He Chose a 100% Bitcoin Salary
Marie Huillet's original article for cointelegraph.com reduced by 50%
"People always ask how I am coping with living on Bitcoin," a British software developer told The Mirror in an interview this week, "But the truth is that my lifestyle hasn't really changed." An employee at crypto exchange Coin Center, Lakin was given the option to receive part - or all - of his salary paid in cryptocurrency, and he went the full monty. "I convert all of my permanent outgoings to British pounds on payday to avoid any issues around the Bitcoin price movements and then the rest is left for disposable income/savings." Aside from running his own Bitcoin node, Lakin said his choice to be paid in Bitcoin was shaped by a sense of the importance of using the cryptocurrency as it was originally intended - as electronic cash. "On top of it all, the conversations it creates are always worth it for spreading awareness and educating others about Bitcoin and cryptocurrency." As reported, the governor of the Bank of England, Mark Carney, memorably claimed in 2018 that Bitcoin had failed as a currency by traditional measures.
"If you had taken out a £1,000 student loan in Bitcoin in last December to pay your sterling living costs for next year, you'd be short about £500 right now. If you'd done the same last September, you'd be ahead by £2,000. That's quite a lottery..
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