I'm thinking of accepting Bitcoin or Ethereum for my motion design services. I really believe in the future of cryptocurrencies; it puts such a different perspective on how we value things in general.
Has anyone have any experience with this? How would you value your work against a cryptocurrency? For example, would you take Bitcoin's current value against the dollar and translate that to an 'hourly Bitcoin rate'? Just really curious if someone has been doing this already.
With cryptocurrencies and the potential technologies (especially with Ethereum) I can imagine so many new ways to get paid.
Think of a program detecting how much time you spent inside After Effects and Illustrator, and attaching different rates per minute to that.
So let's say one minute inside After Effects equals 1 ETH(Ethereum Coin) and one minute inside Illustrator equals 2 ETH and so on. The program is smart enough to tell the difference whether you are actually working or that you just have the software window open and are not actually working. The client would be able to see how much a project would cost on the fly. Kind of like a meter on a taxi. You could make an estimation of the cost of a project beforehand and as soon as the program detects you are nearing the budget, the client will get a message. It would mean an entirely different way of working. I realise now that I am writing this that this a very bad example since you'll run in all kinds of problems. But imagine the endless possibilities with this new technology. Cryptocurrencies are going to allow us to develop new ways to value our work and new ways to get paid. I really think there's something here yet to be discovered, which could be of great value to our industry.
Any people thinking about this?
For more in depth information about the potential of cryptocurrencies I highly recommend this podcast episode: https://www.kevinrose.com/single-post/andreas-antonopolous