Would you work for company whose retirement plan is cryptocurrency?

https://news.ycombinator.com/item?id=29636863

by bsenftner • 5 years ago

7 9 5 years ago

news.ycombinator.com

I have seen a few companies hiring people with Ethereum, and Bitcoin purchases in the employee's name as their advertised and sexy retirement plan. Strikes me as pure idiocy. What do you think?

jcun4128• 5 years ago

Wonder if you have to do the Ask HN: format.

Personally probably not unless I can cash it out right away/I have that choice.

Also retirement is not something I really count on. My own plan is to make enough/invest it. That old FIRE idea. I have hopped around jobs wise I probably have random 401K's here and there with a few dollars in them.

jstx1• 5 years ago

How is it paid out - in what account? what control do you have over the funds?

Can you even hold crypto in most retirement accounts? (In the UK you can't, I don't know about the US)

Because if it isn't an actual retirement account, you can just treat it as 0 money to retirement and some amount additional compensation.

cableshaft• 5 years ago

I probably wouldn't elect to have my retirement account be in crypto, but not because I think it's dumb to do it.

My crypto portfolio has outperformed my 401k by more than 5x at this point. I just like to stay diversified and it's easy enough for me to put a portion of my own income into crypto, and dollar cost average so it's basically just a supplemental 401k without the government restrictions on how much I can put into it.

bitxbitxbitcoin• 5 years ago

Yes.

Was this prompted by Jupe’s job posting?

bsenftner• 5 years ago

yes

zarzavat• 5 years ago

Sure if it's paid into a wallet I control the keys to, and is paid in an equivalent amount to normal retirement plans. Otherwise no, I can buy my own cryptocurrency thank you.

monopoledance• 5 years ago

Lol. Absolutely not.

przeor• 5 years ago

Lol. Absolutely yes.

ashwagary• 5 years ago

Would you work for company whose retirement plan is in *bitcoin*?

Yes.

Would you work for company whose retirement plan is cryptocurrency?

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