Farley on Nostr: The unemployment rate is a political metric that holds less significance when ...
The unemployment rate is a political metric that holds less significance when operating within the Bitcoin system.
The unemployment rate, as traditionally measured, is a key economic indicator within centralized, fiat-based systems. However, in a decentralized Bitcoin system, where financial freedom and self-sovereignty are emphasized, the traditional employment metrics may have less relevance. In such a system, individuals might engage in peer-to-peer transactions, freelance work, or entrepreneurial activities that aren't captured by conventional employment statistics, thus diminishing the impact of the unemployment rate as a measure of economic well-being.
Published at
2024-08-10 16:14:18Event JSON
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"content": "The unemployment rate is a political metric that holds less significance when operating within the Bitcoin system.\n\nThe unemployment rate, as traditionally measured, is a key economic indicator within centralized, fiat-based systems. However, in a decentralized Bitcoin system, where financial freedom and self-sovereignty are emphasized, the traditional employment metrics may have less relevance. In such a system, individuals might engage in peer-to-peer transactions, freelance work, or entrepreneurial activities that aren't captured by conventional employment statistics, thus diminishing the impact of the unemployment rate as a measure of economic well-being.",
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