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Yup.
There's a difference between doing a few DoorDash deliveries on the weekend to get some extra spending money, versus doing two weekend shifts at the dollar store to help pay the rent.
I suspect BLS treats them identically.
Most recently, fees -- on any buy under $200, let's say.
$0.99 minimum per buy. Another percent or two lost from the cut they take from the exchange rate.
Been quite a while since I've said this ... but
F Jack!
Will never happen.
Credit card charges can be reversed any time until something like six months has passed. So you are asking some merchant payments company to take on the chargeback risk after paying you. And if that is KYC-Free for the merchant, why wouldn't that attract scammers emerge to take advantage of that.
Google "Reverse Bitpay" for more detailed responses as to why this won't happen.
If your customers want your product, then they buy bitcoin (e.g., in the U.S., Cash App), and pay (LN invoice). Or you find an intermediary method (customer pays with Amazon gift card code, and you resell. Or you sell through a platform that has payment processing -- but I doubt those are KYC-free.
When (not if) AI eliminates so many jobs ... unemployment will rise and those RIFd (reduction in force) will find themselves changing careers. Just like those switchboard operators, travel agents, elevator operators, etc. -- all whose jobs were eliminated in the past.
On the flipside, AI makes it easier as a solo founder (or small team) to launch and do business. AI makes us more productive. We may find that job losses from AI were well more than offset by employment opportunities that it enables.
Now during the transition, it may be both wise and humane to offer needs-based support for those making that transition. But that income is not universal nor without strings attached. Support available may have requirements, such as participating in training, and limits on how long that support lasts.
Firstly, that's job postings -- not true employment numbers. The trend direction is probably aligned, but the degree of change might not line up as closely.
Secondly, is the new marketing person at my employer really a marketing person? He uses many of the same tools as do I (a software dev). Sure, what he produces is different from what I produce, but we both are able to manipulate data to make it do what we need it to do.
A job posting for his role very well might not be interpreted as anything even remotely being software development-related.
Just like with P2P trading. You as employer should be very clear and precise about what is expected. The risk is minimal as the funds are released only when you as employer release them (or a dispute is decided in the worker's favor, ... which likely wouldn't happen if they were trying to cheat, and you had the receipts).
The bitcon-based platform that will most likely result in an offer to hire (for a project) getting qualified candidates for the project within a reasonably short amount of time (e.g., 24 hours) is Microlancer.io's Task Marketplace.
Or perusing their Microlancer Services may yield a suitable candidate as well.
this imply it would be trivial for a Bitcoin based gig site to get disintermediated as well? How does the Bitcoin based gig survive under such circumstances?
My guess is that they don't, at least not in current form.
If I had to take a stab at a prediction, I'ld say that at some point there will be success in bitcoin-based taskwork / gigwork. If it does occur, it will probably come in the form of tasks identified by AI that need to be performed by a human, and some high volume of taskwork / gigwork hiring then is performed where payment is in bitcoin.
Freelancer acquired Rentacoder (vWorker) and a number of other companies but it was o-Desk and e-lance that merged, and eventually rebranded as Upwork.
As far as Bitcoin-only (or even bitcoin-accepting) competitors, Upwork and such are unlikely to accept bitcoin from employers, and unlikely to pay workers in bitcoin. The reason is they do not want disintermediation. If all Upwork does is match make employer to worker, then that's a single transaction, afterward the employer can just pay the gig worker directly for subsequent work. If the employer is already paying Upwork in bitcoin, it's a trivial step for the employer simply to pay the worker directly.
Just noticed a typo there ...
worth of the s(not significant) investment of your time
Should have been
worth of the (not insignificant) investment of your time
Typing with an on-screen keyboard really takes patience.
So there is the opportunity to exploit this.
I can put a bounty on something here on SN with 50,000 sats as the bounty, and you Kool aid drinkers will (collectively) spend hours and hours trying to earn those sats because you believe this 50k says to be a handsome prize, worthy of the s(not significant) investment of your time.
And I didn't even spend $15 for those sats.
And this phenomena is not just here on SN. Look at on microlancer.io as another exhibit of this. Clients are hiring workers and paying literally pennies (worth of Bitcoin, at today's exchange rate), yet getting dollars (of value) in exchange.
I (mostly) earn in fiat, therefore I mostly spend in fiat.
It makes little sense to buy bitcoin, to only then turn around and spend that bitcoin -- at least, when I could have paid in fiat instead and wouldn't have needed to buy bitcoin.
Now if I were earning more in bitcoin, then the same concept applies. Why would I convert my BTC to fiat and spend in fiat, if I could just pay in bitcoin?
So, ... that's the chicken and egg issue. I won't spend in bitcoin until I earn in bitcoin. I likely won't be earning in bitcoin until my employer is receiving bitcoin revenue (with which to pay vendors and employees). And my employer won't be receiving bitcoin revenues until others then pay in bitcoin.
Someone needs to go first (by paying in bitcoin -- at least to those merchants who promise to keep those bitcoin circulating, in a bitcoin economy).
By paying someone who will accept payment to do even a menial task, you are permitting them a dignified way to get by to the next day (when, they have another chance at improving their life situation).
What don't you like about that?