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calamari4065 | 2 years ago
Your original claim was that auditing of bank accounts would solve the problem. Since you've admitted that we already have auditing mechanisms in place, what does cryptocurrency add?
Maybe take a second to consider why the problem exists, what the current mitigations are, and why those mitigations don't work. Then reflect on what your solution does differently than everything else we've tried over the last hundred or so years.
> Neither is eating but better technology has certainly reduced famine.
Agriculture is a technology. Growing food at industrial scales is a technological problem. Without cheap synthesis of fertilizer, absolutely no amount of manpower, social movements, or laws can produce food at these scales. It is purely a technological issue. Distributing that food to the world is a social problem that technology has not solved in the last century.
> If on a forum self labeled as "Hacker News" you don't understand that you can use technology to assist with solving problems I haven't much hope for you.
People usually resort to condescension when they know they don't have an intelligent argument to make but still want to feel superior. How's that going for you?
lesuorac|2 years ago
By changing the amount of effort required to enforce it. How long would it take to poll every worker how many hours they worked, their wage, and how much they were paid (a day per site?) ? How long would it take a computer program to monitor the outflow of a wallet (milliseconds?) ?
Laws not being enforced comes down to mostly two reasons. Will and Practicality. Surely not everybody in the city is corrupt and wants the laborers to be underpaid. So if you make it more practical for them to figure out who is underpaying then they can enforce it better.
> Your original claim was that auditing of bank accounts would solve the problem. Since you've admitted that we already have auditing mechanisms in place, what does cryptocurrency add?
That was not my initial claim; that was calamari4065 (you) and I disagreed with them that auditing the bank account worked.
Specifically a public ledger (bitcoin) means anybody can audit and for whatever reason. The IRS cares if you paid your taxes to the government not if you paid your employees legally.
> Agriculture is a technology. Growing food at industrial scales is a technological problem.
I can play this game too. Bitcoin is a technology. Paying people at industrial scales is a technological problem.
> How's that going for you?
Better than expected. I thought surely a pro-bitcoin comment would get a negative 10.
calamari4065|2 years ago
Faster discovery doesn't change the resolution. Random citizens cannot do anything even if they could see it. An employee can already post publicly, shout to the rooftops. Plenty do.
Technology can't fix this problem because it is fundamentally not technological in nature. We do not lack the technology to process payments at scale. We've been operating a global economy for a few years now. That is indeed a technological problem, but not the one we're talking about.
Wage theft is fundamentally a breach of contract. Your employer has entered a contract wherein they are legally required to pay you some explicit amount within some explicit timeframe. The problem is not that the transaction can't be processed or audited. The problem is that a person chose to never initiate the transaction, or they paid less than they agreed on. This is a legal problem which requires legal action to correct.
No matter how the evidence is collected, you still have to go through the legal process. The resolution is still retroactive and the employee is made whole for all missing wages present and past. You still have to pull bank records and have an auditor look at them. It really does not matter in the slightest if it takes milliseconds or days to pull the records. The legal process takes weeks or months and the employee is made whole for the same amount either way.
I'm not saying you're wrong because I don't like cryptocurrency, I'm saying you're wrong because you're proposing a technological solution to a problem that fundamentally cannot be fixed with technology. Your solution simply does not address the problem at hand.
The only actually relevant point you've made so far is that a public ledger would make audits easier. And sure, why not. Totally valid point. Also totally irrelevant. The outcome is precisely the same no matter what. The employee gets the same settlement either way. The legal process is still the same. The incentives for governments to investigate are still the same. The social and political issues driving lack of enforcement still exist. A public ledger just doesn't change any of that.
Cryptocurrency might solve some problems, I don't really know or care. But it definitely won't solve this problem. No technology will.