Jack Mallers, Ghazi, Money Man, Sean Culkin and Russell Okung discuss the payment of wages in Bitcoin and more at Bitcoin 2021.
This conference session took place on the second day of the Bitcoin 2021 conference in Miami on June 4th and 5th. Experience the # Bitcoin2021 party from anywhere in the world by joining our conversation on Telegram and subscribing to our newsletter to stay up to date on the latest Bitcoin news and all happening at Bitcoin 2021.
Check out this conference session on YouTube.
In this conference session, Jack Mallers, Ghazi, Money Man, Sean Culkin, and Russell Okung sat down to discuss something that Mallers pioneered; Paying people with bitcoin.
The innovation surrounding this sector of the bitcoin industry has been fast paced and will be the source of great changes in the future global economy.
“I think this is going to be a revolution,” Mallers said of the impact of Bitcoin-denominated paychecks.
Ghazi agreed, saying, “Ultimately, I think the most important thing was the peer-to-peer nature and how quickly you can get money from someone and that’s why I put a lot of time and energy into it.” As the advancements in lightning technology enabled instant value transfer, the value of such technology quickly became apparent, the panel found.
Culkin also agreed, saying, “Everything turned around for me when I started to see myself as a company. In this economic environment, I have to do what every other company does, and that is to stop seeing cash as an asset, but as a liability. ”
Okung went on to describe the strategy behind it: “So I literally took dollars and made them the best asset in history. And when it shot up, people were insanely excited, but that was the most important thing for me: my wealth changed. And I didn’t shoot again in the head for that to happen. That’s damn bitcoin, isn’t it? ”
The benefits of this weren’t limited to athletes; “As an artist, it’s definitely attractive because you can get paid in real time. It has the technology to pay you in real time. When you stream recordings you can get paid instantly instead of waiting a month, two months to three months or six months, “said Money Man of the ability for artists to get paid in Bitcoin.
The panel made it clear that the users of this technology were very impressed by the benefits they are reaping.
Join the # Bitcoin2021 party from anywhere in the world by joining our conversation on Telegram. Also, subscribe to our newsletter to stay up to date with the latest Bitcoin news and all happenings at Bitcoin 2021.