Hacker Newsnew | past | comments | ask | show | jobs | submitlogin
Would you work for company whose retirement plan is cryptocurrency?
7 points by bsenftner on Dec 21, 2021 | hide | past | favorite | 9 comments
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?


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.


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.


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.


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.


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

Yes.


Lol. Absolutely not.


Lol. Absolutely yes.


Yes.

Was this prompted by Jupe’s job posting?


yes




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: