The story was shared in a letter to Moneyist editor Quentin Fottrell on Marketwatch on May 3, from someone who wanted to ask for advice about cryptocurrency payments he received.
The writer of the letter, signed under the pseudonym `Confused Crypto`, explained that he had done some business development work for a tech startup `on a contract basis`.
The CEO stated that this employee will be paid in cryptocurrency from the start of the job in spring 2020. However, the CEO added a clause to the contract that: `The company may choose to
Previously in August 2020, he received payment for his work contract in cryptocurrency.
However, recently, he received an email from the other CEO.
According to the letter writer, this is a startup company and until now, they are still trying to generate their first revenue.
`I’m not really sure what to do. I’ve been working with this person for many years, and he has a tendency to try to change payment terms after agreeing on a certain method of operation
Responding to the letter, Fottrell asserted that he should not return any of the cryptocurrency.
`No. Alas, no. No thank you. Absolutely not. Ask me again in 2121,` Fottrell wrote, emphatically.
According to Fottrell, if the value of the cryptocurrency has decreased 100% to zero since August 2020, will the CEO still want to give him the opportunity to pay in USD?
`Your employer should comply with the terms of its contract…even if the contract says you can be paid in USD or cryptocurrency. Asking for back wages is a
He also advised the letter writer to respond sharply and stated that he could sue his former boss if necessary.