Gold Pressed Latinum Free Acquisition Offer at SciFiCoinTalk!
http://scificointalk.com/index.php/topic,50

Gold Pressed Latinum! Everybody wants it, Not everyone can have it! But now You CAN!
Announcing a GPL Crypto Currency Give away at SciFiCoinTalk.com
One (1) Gold Pressed Latinum will be rewarded per each unique request. Pool of Latinum limited, get them while they are flowing FREE!*

Take part in an ever expanding economy with a crypto currency created for lovers of the genre. While at the forum explore the United Federation of Planets Credit System (ufc).

Remember Rule of Acquisition #89. Ask not what your profits can do for you, but what you can do for your profits.

*Offer good while supplies last, no purchase necessary, forum signup is needed to post address and join the fun. Please play responsibly. Void where prohibited.

Gold Pressed Latinum Free Acquisition Offer at SciFiCoinTalk!
http://scificointalk.com/index.php/topic,50

Gold Pressed Latinum! Everybody wants it, Not everyone can have it! But now You CAN!
Announcing a GPL Crypto Currency Give away at SciFiCoinTalk.com
One (1) Gold Pressed Latinum will be rewarded per each unique request. Pool of Latinum limited, get them while they are flowing FREE!*

Take part in an ever expanding economy with a crypto currency created for lovers of the genre. While at the forum explore the United Federation of Planets Credit System (ufc).

Remember Rule of Acquisition #89. Ask not what your profits can do for you, but what you can do for your profits.

*Offer good while supplies last, no purchase necessary, forum signup is needed to post address and join the fun. Please play responsibly. Void where prohibited.

I read a comment that stated how running an independent community BitCoin currency fork would probably not be able to work. Most likely due to the inherent need to attach it to current world bank currencies such as the all mighty Dolla$.
I, too, hope that the BitCoin or one of its fork projects can split away from the world banking system in the near future and was pondering deeply the subject when I remembered hearing how some communities use Time Dollars. A time dollar represents an hour of someone's time. Example: If I were to build a webpage for someone using the time dollar system, I would get a credit for each hour worked on the project. For which I could then trade for an hour of someone else's services. Of course one issue with this system is the need for a central record keeping service.
Enter the ฿TC. I present that a community could certainly agree their Bit-currency to be equal to a time dollar. Initially, the project manager would need to have hashed some TBC (Time BitCoins) in order to distribute to the first contributors and, just like physical bills, they would need to be assigned to the community, possibly by receiving X amount after signing up. Soon after, the community will be the majority of the holders and hashers.
Of course, to use time dollars, one needs to have skills that can be utilized-- be it from baking to baby sitting, or construction and other technological services. It isn't too hard to figure the time worth of individual items.

A major benefit to using a system such as BitCoin digital currency is the record keeping. With a single operator system, the books can be altered and obfuscated, but with crypto-currency, the transaction records are kept on each users computer to verify all user activity.
There have been reports of particularly shady BitCoin users who had found a way to falsely flood the market with fake ฿TC bringing the current market down to its current levels of $6 -$9 from the previous $20 and up. By using time dollars opposed to other fiat currency, a ฿TC always equals One Hour of work.
Naturally, the BitCoin is divisible by thousands so, even if something takes but a few minuets, it is easy enough to only send what was earned. As in all industries, tips and donations are always welcome.

Just as current BitCoin users can mine currency using computers so will the supporters of the Time Dollar Fork. Alterations would need to be made so the mining software rewards a proportionate amount of TBC. The current BitCoin structure awards 50 ฿TC to the block finders which of course is fair if it takes 50 hours to do so or perhaps even less then a TBC per hour spent hashing since it is the computer doing the work.
However, If the need ever did arise to convert these community TBC into domestic currencies, it seems more logical to assign the conversion rate against the current average cost of the energy used to create the coin opposed to just what people are offering to pay at the moment.

I look forward to educated observations and Genuine questions.

Written in response to these posts:
https://bitcointalk.org/index.php?topic=2322.0;all
https://bitcointalk.org/index.php?topic=9011.0

Sorry, cross Threaded, Please make any responses in its proper place till this one gets removed.
https://bitcointalk.org/index.php?topic=41513.0


 I read a comment that stated how running an independent community BitCoin currency fork would probably not be able to work. Most likely due to the inherent need to attach it to current world bank currencies such as the all mighty Dolla$.
I, too, hope that the BitCoin or one of its fork projects can split away from the world banking system in the near future and was pondering deeply the subject when I remembered hearing how some communities use Time Dollars. A time dollar represents an hour of someone's time. Example: If I were to build a webpage for someone using the time dollar system, I would get a credit for each hour worked on the project. For which I could then trade for an hour of someone else's services. Of course one issue with this system is the need for a central record keeping service.
Enter the ฿TC. I present that a community could certainly agree their Bit-currency to be equal to a time dollar. Initially, the project manager would need to have hashed some TBC (Time BitCoins) in order to distribute to the first contributors and, just like physical bills, they would need to be assigned to the community, possibly by receiving X amount after signing up. Soon after, the community will be the majority of the holders and hashers.
Of course, to use time dollars, one needs to have skills that can be utilized-- be it from baking to baby sitting, or construction and other technological services. It isn't too hard to figure the time worth of individual items.

A major benefit to using a system such as BitCoin digital currency is the record keeping. With a single operator system, the books can be altered and obfuscated, but with crypto-currency, the transaction records are kept on each users computer to verify all user activity.
There have been reports of particularly shady BitCoin users who had found a way to falsely flood the market with fake ฿TC bringing the current market down to its current levels of $6 -$9 from the previous $20 and up. By using time dollars opposed to other fiat currency, a ฿TC always equals One Hour of work.
Naturally, the BitCoin is divisible by thousands so, even if something takes but a few minuets, it is easy enough to only send what was earned. As in all industries, tips and donations are always welcome.

Just as current BitCoin users can mine currency using computers so will the supporters of the Time Dollar Fork. Alterations would need to be made so the mining software rewards a proportionate amount of TBC. The current BitCoin structure awards 50 ฿TC to the block finders which of course is fair if it takes 50 hours to do so or perhaps even less then a TBC per hour spent hashing since it is the computer doing the work.
However, If the need ever did arise to convert these community TBC into domestic currencies, it seems more logical to assign the conversion rate against the current average cost of the energy used to create the coin opposed to just what people are offering to pay at the moment.

I look forward to educated observations and Genuine questions.

Written in response to these posts:
https://bitcointalk.org/index.php?topic=2322.0;all
https://bitcointalk.org/index.php?topic=9011.0

I read a comment that stated how running an independent community BitCoin currency fork would probably not be able to work. Most likely due to the inherent need to attach it to current world bank currencies such as the all mighty Dolla$.

I too hope that the BitCoin or one of its fork projects can split away from the world banking system in the near future and was pondering deeply the subject when I remembered hearing how some communities use Time Dollars. A time dollar represents an hour of someone's time. Example If I were to build a webpage for someone using the time dollar system I would get a credit for each hour worked on the project. For which I could then trade for an hour of someone else's services. Of course one issue with this system is the need for a central record keeping service.

Enter the ฿TC. I present that a community could certainly agree their Bit-currency to be equal to a time dollar. Initially the project manager would need to have hashed some TBC (Time BitCoins) in order to distribute to the first contributors and just like physical bills they would need to be assigned to the community possibly by receiving X amount after signing up. Soon after the community will be the majority of the holders and hashers.

Of course to use time dollars one needs to have skills that can be utilized be it from baking to baby sitting, or construction and other technological services. It isn't too hard to figure the time worth of individual items.

recordkeepingA major benefit to using a system such as BitCoin digital currency is the record keeping. With a single operator system the books can be altered and obfuscated but with crypto-currency the transaction records are kept on each users computer to verify all user activity.

There have been reports of particularly shady BitCoin users who had found a way to falsely flood the market with fake ฿TC bringing the current market down to its current levels of $6 -$9 from the previous $20 and up. By using time dollars opposed to other fiat currency a ฿TC always equals One Hour of work.

Naturally the BitCoin is divisible by thousands so even if something takes but a few minuets it is easy enough to only send what was earned. As in all industries tips and donations are always welcome.

timelegermoneyJust as current BitCoin users can mine currency using computers so will the supporters of the Time Dollar Fork. Alterations would need to be made so the mining software rewards a proportionate amount of TBC. The current BitCoin structure awards 50 ฿TC to the block finders which of course is fair if it takes 50 hours to do so or perhaps even less then a TBC per hour spent hashing since it is the computer doing the work.

However If the need ever did arise to convert these community TBC into domestic currencies it seems more logical to assign the conversion rate against the current average cost of the energy used to create the coin opposed to just what people are offering to pay at the moment.
 

Written in response to these posts:
https://bitcointalk.org/index.php?topic=2322.0;all
https://bitcointalk.org/index.php?topic=9011.0

I look forward to educated observations.