Comment by troupo

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

These are two descriptions you started with: 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.