So it' snow been over 24 hours, and we still haven't seen the answer to two questions about this business-plan. But I guess we'll hear about "unwarranted hate on HN" or some such very soon.

> the point of my business idea above was to solve a pain point around paying a global work force considering the costs of global wire transfers

How much do you think it will cost to "systematically go country by country, learned the local HR laws, partner with the most trusted exchange, and then handle all accounting and taxes"?

> Having a crypto wallet is like having an offshore bank account

> It makes collecting taxes ... harder.

How does that mesh with "If some company systematically went country by country, learned the local HR laws, ... and then handled all accounting and taxes"?

Every human is motivated by the same human desires, from thousands of years ago to now. Race is meaningless, we are all human. So why are some countries decrepit basket cases while others are successful?

The answer is government, laws, and culture. The governments of Argentina (until things got so bad they elected a self-described anarcho capitalist libertarian!), Venezuela, Cuba, Lebanon, etc. have created terrible environments for their citizens. Crypto is allowing their citizens to break laws that are hurting them. I support the citizens fighting against their socialist and communist governments that are robbing them. That's the core function of empowering citizens with decentralized money.

None of this answers the questions about your business-idea.

These are two descriptions you started with: https://news.ycombinator.com/item?id=39371127 and https://news.ycombinator.com/item?id=39371520

It literally is this:

""" If some company systematically went country by country, learned the local HR laws, partnered with the most trusted exchange, and then handled all accounting and taxes, a truly global HR and payment system could be built to make onboarding and paying everyone 10x simpler.

the point of my business idea above was to solve a pain point around paying a global work force considering the costs of global wire transfers vs. instant USDC settlement. """

So. Given all this, here are the questions:

1. Given that wire transfers cost money, and you want to make them cheap/free and instant, how much do you think it will cost to "systematically go country by country, learned the local HR laws, partner with the most trusted exchange, and then handle all accounting and taxes"?

2. Given that, by your own words, crypto is like having money in offshore accounts making tax collection more difficult, how does this mesh with your proposal of having a company do accounting and collect taxes?

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Note: I'm not in the least surprised that you can't answer these questions even if the first one of these I asked very early in this discussion: https://news.ycombinator.com/item?id=39372364

That's the reason there's so much "unwarranted hate" on HN: because people are not stupid, and they don't fall for demagoguery and grand proclamations. 99.9999999999% of all crypto proposals fall down immediately under the lightest of scrutinies: they are inevitably self-contradictory, unworkable, costly, don't do the job advertised, better implemented other technologies, or any or even all of the above.

Sorry, I thought the answers to those questions were obvious.

The reason a business will exist and have value is because they did the work of figuring out how to pay workers in each country. My company does this now for Brazil, so it is possible to do legally.

The offshore bank account comment is to envision what it is similar to. For example it’s possible for an Argentinian to fly to the US and open a bank account in Miami, it’s just cumbersome to then get USD out of it and into Argentina. With a crypto wallet it’s similar to this but much more streamlined. The proposed business will figure out the intricacies of each country.