https://en.wikipedia.org/wiki/Truck_wages
I'm assuming you're getting cash compensation too, but consider carefully the comparison.
Ask HN: Any success stories with token-based employee incentives?
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Re: Ask HN: Any success stories with token-based employee incentives?
#12Something to consider is that most VC’s that are investing in this space are now doing so for equity. The risk of tokens being unregistered securities is very high.
Most investors today see tokens as a bonus, but invest in equity.
Re: Ask HN: Any success stories with token-based employee incentives?
#13As noted, the best case scenario is that they may, eventually, be worth something. More likely, they'll not be.
View it as a perk, like receiving a free lottery ticket, but don't allow that to factor into your "real" compensation.
Re: Ask HN: Any success stories with token-based employee incentives?
#14Only accept this if your landlord lets you use the coins to pay rent.
Re: Ask HN: Any success stories with token-based employee incentives?
#15Cash is king. Anything else you should consider a heavily discounted lottery ticket.
Not really. Some loyalty programs could give you tax free value e.g. booking a hotel with points. A company can negotiate a better price for a given service, since it will be bought in bulk.
Re: Ask HN: Any success stories with token-based employee incentives?
#16Are they giving tokens _instead_ of equity? Insist in getting equity, that's a third of the point of joining a startup. Sure, add crypto-tokens to the mix. But tokens instead of equity… pardon?
What use is equity if the company never goes public or never gets acquired?
Tokens can on the other hand have value even if none the above happens, and you get a liquid market much earlier. If the monetary policy of the token is reasonable, and the market cap shoots up for one reason or another in the future, you'd make a big buck.
But would you make any money on your equity of the market cap of the token would go up? Not necessarily.
Re: Ask HN: Any success stories with token-based employee incentives?
#17The main value of token compensation is liquidity. People frequently underestimate how long it will take until exit and their equity becoming cash.
Tokens for a good project are liquid immediately on numerous exchanges, and likely will be worth at least something. Don't neglect the time value of money.
Re: Ask HN: Any success stories with token-based employee incentives?
#18If you're asking here, you probably don't have enough knowledge to understand if their token has a chance of returning a profit.
As other commenters say, most ICO nowadays are scams and risky business as well when it comes to regulations.
I would be very very very careful here.
But then, the chances that they get some value VS the chances that some other startup's equity gets some value might be higher.
Re: Ask HN: Any success stories with token-based employee incentives?
#19Cash is king. Anything else you should consider a heavily discounted lottery ticket.
Not really. Some loyalty programs could give you tax free value e.g. booking a hotel with points. A company can negotiate a better price for a given service, since it will be bought in bulk.
As with tokens, loyalty programs have a long history of devaluing points without warning.
Re: Ask HN: Any success stories with token-based employee incentives?
#20Cash is king. Anything else you should consider a heavily discounted lottery ticket.
Not really. Some loyalty programs could give you tax free value e.g. booking a hotel with points. A company can negotiate a better price for a given service, since it will be bought in bulk.
Points like that are frequently devalued thru worse conversion rates or increased barriers to using the points.