Employees of the Internet Archive will receive a salary in bitcoins

Yesterday, Internet Archive executives published a curious press release . “As Bitcoins become the“ local currency ”of the Internet, the Internet Archive would like to use it. Over the past two years, more than 300 people have kindly donated the bitcoins to our organization. Some employees of the Internet Archive have expressed a desire to receive part of their salary for February in bitcoins. If everything is normal, it can become a permanent practice, ”the press release says.

Thus, the Internet Archive becomes the first serious organization, which is partially transferred to the payment of salaries in Bitcoins.

Since 1996, the Internet Archive has been making “casts” of the Internet and supports the work of the largest web page archive on the Internet. The base has already grown to 267 billion URLs and exceeded 5 petabytes. The service lives solely through donations.
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It should be noted that now bitcoins are rising sharply again in price. The cost of 1 BTC just passed for $ 30 . On the one hand, thanks to the growth rate, it becomes possible to use smaller units in the calculations, and the BTC money supply starts to be enough for salaries and turnover of an increasing number of companies. On the other hand, an increase from $ 15 to $ 30 in one month is more like a bubble blowing than a steady increase in the money supply, and such bubbles are not at all useful for the payment system.



Surely, the payment of salaries in bitcoins will become a normal practice in the future. Recently, one of the exchangers Bitcoin-Central.net agreed with the organization having a banking license , which makes it possible to issue payment cards with maintaining a balance in Bitcoins and automatic conversion to other currencies. That is, people can get Bitcoin wages - and quietly pay with a card in a store that accepts euros. Conversion will automatically occur at the current BTC rate.

Donations to the Internet Archive are accepted on the 17gN64BPHtxi4mEM3qWrxdwhieUvRq8R2r wallet.