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Don't you agree it is easier to set up a business through blockchain, and get paid for running some service? I am building a side-project that runs on Google C

Don't you agree it is easier to set up a business through blockchain, and get paid for running some service? I am building a side-project that runs on Google Cloud. I think most tricky part for me, will be setting up the payment system without breaking any tax laws...Should I just put a Paypal pay button? I could easily get paid through a smart-contract, verify transaction and run the given CloudRun job all without any 3rd-party involvement, or any worries about tax/business account setup.

dwgebler 4y ago
Should I just put a Paypal pay button? Probably, yes. A lot of businesses big and small do this, and they're not in violation of any tax or other laws. Plus you get paid in actual money.
braingenious 4y ago
>Don't you agree it is easier to set up a business through blockchain, and get paid for running some service? No. > I am building a side-project that runs on Google Cloud. I think most tricky part for me, will be setting up the payment system without breaking any tax laws...Should I just put a Paypal pay button? It’s a pretty easy option, yes (hence your phrasing of “just put a button”) There’s also Stripe or Square etc which are similarly simple. > I could easily get paid through a smart-contract, verify transaction and run the given CloudRun job all without any 3rd-party involvement, or any worries about tax/business account setup How do you handle taxes when cashing out or using crypto to buy things? Can you pay for food/rent/insurance with crypto?
- dmantis 4y ago
  > There’s also Stripe or Square No, there aren't. That's not available for Chinese, Russians, Iranians, Argentinians, Nigerians, Thai, South Africans, which is more than 1/3 of the world population and you can't just forget about our existence, you know. Don't say that if you can handle some stuff in your particular country, that makes the whole technology useless worldwide speaking. We are human beings and deserve to sell our stuff in the internet as much as you do.
  - braingenious 4y ago
    https://www.paypal.com/us/webapps/mpp/country-worldwide https://www.paypal.com/us/webapps/mpp/country-worldwide Most of the countries you’ve listed have Paypal, so in that case I would suggest that since obviously Stripe and Square aren’t available. Edit: The only countries you’ve listed that don’t have Paypal are currently under sanctions from the US that can make doing business legally tricky for me. If your sole use case is avoiding sanctions, then yes obviously crypto is useful. That is not an obvious scenario when asked “Isn’t the blockchain easier than (traditional payment platforms)?”

dwgebler 4y ago

Should I just put a Paypal pay button? Probably, yes. A lot of businesses big and small do this, and they're not in violation of any tax or other laws. Plus you get paid in actual money.

braingenious 4y ago

>Don't you agree it is easier to set up a business through blockchain, and get paid for running some service? No. > I am building a side-project that runs on Google Cloud. I think most tricky part for me, will be setting up the payment system without breaking any tax laws...Should I just put a Paypal pay button? It’s a pretty easy option, yes (hence your phrasing of “just put a button”) There’s also Stripe or Square etc which are similarly simple. > I could easily get paid through a smart-contract, verify transaction and run the given CloudRun job all without any 3rd-party involvement, or any worries about tax/business account setup How do you handle taxes when cashing out or using crypto to buy things? Can you pay for food/rent/insurance with crypto?

dmantis 4y ago
> There’s also Stripe or Square No, there aren't. That's not available for Chinese, Russians, Iranians, Argentinians, Nigerians, Thai, South Africans, which is more than 1/3 of the world population and you can't just forget about our existence, you know. Don't say that if you can handle some stuff in your particular country, that makes the whole technology useless worldwide speaking. We are human beings and deserve to sell our stuff in the internet as much as you do.
- braingenious 4y ago
  https://www.paypal.com/us/webapps/mpp/country-worldwide https://www.paypal.com/us/webapps/mpp/country-worldwide Most of the countries you’ve listed have Paypal, so in that case I would suggest that since obviously Stripe and Square aren’t available. Edit: The only countries you’ve listed that don’t have Paypal are currently under sanctions from the US that can make doing business legally tricky for me. If your sole use case is avoiding sanctions, then yes obviously crypto is useful. That is not an obvious scenario when asked “Isn’t the blockchain easier than (traditional payment platforms)?”