--- title: "Meaning & Key Takeaway of: Until part of your paycheck is regularly…" description: "\"Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in the world where there..." image: "https://sms4smile.com/quotes/i/dbd/gavin-andresen-38454_banking-system_until-part-of-your-paycheck-is-regularly_69554.jpg" --- # Until part of your paycheck is regularly paid in Bitcoin… ![“Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in the world where there are not functioning banking systems or payroll systems, where it could go mainstream first because you're not trying to replace the way people are…” quote by Gavin Andresen](https://sms4smile.com/quotes/i/dbd/gavin-andresen-38454_banking-system_until-part-of-your-paycheck-is-regularly_69554.jpg) [Download](https://sms4smile.com/quotes/i/dbd/gavin-andresen-38454_banking-system_until-part-of-your-paycheck-is-regularly_69554.jpg) [Open image](https://sms4smile.com/quotes/i/dbd/gavin-andresen-38454_banking-system_until-part-of-your-paycheck-is-regularly_69554.jpg) > “Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in the world where there are not functioning banking systems or payroll systems, where it could go mainstream first because you're not trying to replace the way people are already doing something.” [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Adoption of Bitcoin as a payroll option may first occur in regions lacking reliable banking infrastructure, where it serves as a practical alternative rather than a replacement of existing systems. **In simple terms:** Bitcoin payroll could thrive where banks are absent. Key Takeaway Adoption hinges on existing financial gaps. Themes financial inclusion technology adoption cryptocurrency payroll systems infrastructure gaps Mood optimistic pragmatic Type observation prediction When to use this quote - rural economies - unbanked populations - startups with crypto payroll - NGOs operating in cash‑poor regions Key Concepts decentralized currency remittance digital payments Practical Applications - pilot payroll programs - cross‑border salary payments Questions to Reflect On - What barriers exist for mainstream crypto payroll? - How might traditional banks respond? ★ ★ ★ ★ ★ No ratings yet [Banking system](https://sms4smile.com/quotes/about/banking-system/) [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Mainstream](https://sms4smile.com/quotes/about/mainstream/) [People](https://sms4smile.com/quotes/about/people/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin.](https://sms4smile.com/quotes/max-keiser/i-think-anybody-who-is-interested-in-keeping-their-money-safe-from/) [Max Keiser](https://sms4smile.com/quotes/author/max-keiser/) > [My salary is converted to bitcoin, and taxes are taken out. You have to do all the tax computations in dollars because the IRS…](https://sms4smile.com/quotes/gavin-andresen/my-salary-is-converted-to-bitcoin-and-taxes-are-taken-out-you-have-to/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Bitcoin as a globally distributed public ledger - that's the thing I'm most excited about going forward. Thinking about how to use Bitcoin in…](https://sms4smile.com/quotes/gavin-andresen/bitcoin-as-a-globally-distributed-public-ledger-that-s-the-thing-i-m/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [There's a lot of thought that bitcoin will be a huge threat to existing tax systems or existing ways governments have of controlling currency…](https://sms4smile.com/quotes/gavin-andresen/there-s-a-lot-of-thought-that-bitcoin-will-be-a-huge-threat-to/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar…](https://sms4smile.com/quotes/gavin-andresen/just-as-it-got-easier-to-use-email-it-will-be-easier-to-use-bitcoin/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [I don't see myself as the king of Bitcoin. I don't want to be the king of Bitcoin.](https://sms4smile.com/quotes/gavin-andresen/i-don-t-see-myself-as-the-king-of-bitcoin-i-don-t-want-to-be-the-king/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [ Is this complicated, risky \[banking\] system the best we can have? ](https://sms4smile.com/quotes/anat-r-admati/is-this-complicated-risky-banking-system-the-best-we-can-have/) [Anat R. Admati](https://sms4smile.com/quotes/author/anat-r-admati/) > [In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are…](https://sms4smile.com/quotes/maurice-levy/in-africa-it-s-difficult-to-carry-the-money-it-s-difficult-to-have-a/) [Maurice Levy](https://sms4smile.com/quotes/author/maurice-levy/) > [Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with…](https://sms4smile.com/quotes/george-friedman/italy-spills-over-to-everything-italy-is-a-huge-banking-system-it-has/) [George Friedman](https://sms4smile.com/quotes/author/george-friedman/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) ## More by Gavin Andresen > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [I think the best projects understand that they don't need to invent a new currency. They don't need to use the block chain as…](https://sms4smile.com/quotes/gavin-andresen/i-think-the-best-projects-understand-that-they-don-t-need-to-invent-a/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [I'm most excited about all of the non-currency uses of the block chain's ledger-ordering ability. I have no idea which ones will turn out…](https://sms4smile.com/quotes/gavin-andresen/i-m-most-excited-about-all-of-the-non-currency-uses-of-the-block/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [I don't see myself as the king of Bitcoin. I don't want to be the king of Bitcoin.](https://sms4smile.com/quotes/gavin-andresen/i-don-t-see-myself-as-the-king-of-bitcoin-i-don-t-want-to-be-the-king/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar…](https://sms4smile.com/quotes/gavin-andresen/just-as-it-got-easier-to-use-email-it-will-be-easier-to-use-bitcoin/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [The regulation picture has gotten a lot clearer in the U.S. and most of Europe. And that's fantastic. I think that's why you're seeing…](https://sms4smile.com/quotes/gavin-andresen/the-regulation-picture-has-gotten-a-lot-clearer-in-the-u-s-and-most/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [There's a lot of thought that bitcoin will be a huge threat to existing tax systems or existing ways governments have of controlling currency…](https://sms4smile.com/quotes/gavin-andresen/there-s-a-lot-of-thought-that-bitcoin-will-be-a-huge-threat-to/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Bitcoin as a globally distributed public ledger - that's the thing I'm most excited about going forward. Thinking about how to use Bitcoin in…](https://sms4smile.com/quotes/gavin-andresen/bitcoin-as-a-globally-distributed-public-ledger-that-s-the-thing-i-m/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the…](https://sms4smile.com/quotes/gavin-andresen/in-the-future-i-expect-to-see-bitcoin-mining-in-places-where/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [My salary is converted to bitcoin, and taxes are taken out. You have to do all the tax computations in dollars because the IRS…](https://sms4smile.com/quotes/gavin-andresen/my-salary-is-converted-to-bitcoin-and-taxes-are-taken-out-you-have-to/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Explore all 11 Gavin Andresen quotes ](https://sms4smile.com/quotes/author/gavin-andresen/) ## More Banking system quotes > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with…](https://sms4smile.com/quotes/george-friedman/italy-spills-over-to-everything-italy-is-a-huge-banking-system-it-has/) [George Friedman](https://sms4smile.com/quotes/author/george-friedman/) > [In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are…](https://sms4smile.com/quotes/maurice-levy/in-africa-it-s-difficult-to-carry-the-money-it-s-difficult-to-have-a/) [Maurice Levy](https://sms4smile.com/quotes/author/maurice-levy/) > [ Is this complicated, risky \[banking\] system the best we can have? ](https://sms4smile.com/quotes/anat-r-admati/is-this-complicated-risky-banking-system-the-best-we-can-have/) [Anat R. Admati](https://sms4smile.com/quotes/author/anat-r-admati/) > [The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities,…](https://sms4smile.com/quotes/hilaire-belloc/the-smaller-man-approaching-our-modern-banking-system-which-controls/) [Hilaire Belloc](https://sms4smile.com/quotes/author/hilaire-belloc/) > [I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money,…](https://sms4smile.com/quotes/margaret-drabble/i-confidently-predict-the-collapse-of-capitalism-and-the-beginning-of/) [Margaret Drabble](https://sms4smile.com/quotes/author/margaret-drabble/) > [“Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows…](https://sms4smile.com/quotes/suzy-kassem/pick-a-leader-who-will-keep-jobs-in-your-country-by-offering/) [Suzy Kassem](https://sms4smile.com/quotes/author/suzy-kassem/) > [ This crisis started probably due to the freedom they gave to the banks. First President \[Ronald\] Reagan and then President \[Bill\] Clinton. So, for… ](https://sms4smile.com/quotes/costa-gavras/this-crisis-started-probably-due-to-the-freedom-they-gave-to-the/) [Costa-Gavras](https://sms4smile.com/quotes/author/costa-gavras/) > [I lost my club through a series of circumstances and bad luck. The whole banking system collapsing and my foolish bravery didn't help.](https://sms4smile.com/quotes/simon-jordan/i-lost-my-club-through-a-series-of-circumstances-and-bad-luck-the/) [Simon Jordan](https://sms4smile.com/quotes/author/simon-jordan/) > [The peculiar essence of our banking system is an unprecedented trust between man and man. And when that trust is much weakened by hidden…](https://sms4smile.com/quotes/walter-bagehot/the-peculiar-essence-of-our-banking-system-is-an-unprecedented-trust/) [Walter Bagehot](https://sms4smile.com/quotes/author/walter-bagehot/) > [The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.](https://sms4smile.com/quotes/josiah-stamp/the-modern-banking-system-manufactures-money-out-of-nothing-the/) [Josiah Stamp](https://sms4smile.com/quotes/author/josiah-stamp/) [Browse all 115 Banking system quotes ](https://sms4smile.com/quotes/about/banking-system/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. 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