Comment by troupo
1 year ago
So, you want a centralised trusted (trusted by whom?) entity to go in, do all that stuff and handle it in a centralised fashion, and work with centralised trusted (by whom?) entities to provide payment to people around the world.
Definitely needs crypto. What a novel idea.
Your general attitude is exactly the know-nothing, anti-crypto sentiment I was advocating against. I really don’t want to get into a debate, 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.
Your response is exactly the trouble with all the crypto-proponents.
As soon as their next idea is described in proper terms, they immediately devolve into insults, "you know nothing" and other "oh you're just a blind hater".
> 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"?
Even more to the point: what does crypto add in this scenario? Would the company be just as effective doing all that regulatory work, then handling settlement in local currency? (Or just using USD as the “stablecoin”?)
The best business ideas I’ve heard for crypto inevitably don’t need crypto.
9 replies →