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Author Topic: The movie "In Tme" is a visual metaphor for a bitcoin future  (Read 1245 times)
solex
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January 20, 2013, 11:04:17 AM
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If anyone wants to get an idea of the future where fiat currency is dead and buried, and bitcoin rules, then it is worth seeing the movie "In Time". It is very watchable and Timberlake's acting is pretty decent. However, for bitcoin fans, there is a visual metaphor showing a universal peer-to-peer currency system in action.

These substitutions can be considered:

a) The units of time which can be exchanged, lengthening lives, could be instead be bitcoin. 1 second = 3 satoshis. 1 year = 1 bitcoin.  
(The vault at the end is Mt.Gox :-)

b) Implanted graphene sheets in each person's forearm are a digital wallet enabling proximity transfers (say by RFID bluetooth)

c) Discount the dysfunctional future society. It is worth being an optimist about the future - especially one which is founded on a robust monetary system instead of the fiat madhouse we have today.

http://www.imdb.com/title/tt1637688/

Enjoy.

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January 20, 2013, 11:13:44 AM
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If anyone wants to get an idea of the future where fiat currency is dead and buried, and bitcoin rules, then it is worth seeing the movie "In Time". It is very watchable and Timberlake's acting is pretty decent. However, for bitcoin fans, there is a visual metaphor showing a universal peer-to-peer currency system in action.

These substitutions can be considered:

a) The units of time which can be exchanged, lengthening lives, could be instead be bitcoin. 1 second = 3 satoshis. 1 year = 1 bitcoin.  
(The vault at the end is Mt.Gox :-)

b) Implanted graphene sheets in each person's forearm are a digital wallet enabling proximity transfers (say by RFID bluetooth)

c) Discount the dysfunctional future society. It is worth being an optimist about the future - especially one which is founded on a robust monetary system instead of the fiat madhouse we have today.

http://www.imdb.com/title/tt1637688/

Enjoy.

The clocks are biologically engineered into everyone; I don't think they're implanted sheets.

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January 20, 2013, 11:14:21 AM
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Didn't like the movie.
Also, if you compare system with bitcoin, in the movie every infant is given one year of life, to spend after he/she turns.. umm 18 was it? or 21?

In bitcoin system nobody, noone, nothing gives infants 1btc for free. Some people might get 0.1/0.01btc for joining from other people. But still not everyone does.

Edit: Actually, in the movie system encourage.. no, wrong word, forces people to spend their "money". While bitcoin is safe to both store and spend.
(In the movie every few weeks things get increased in price, overall time - dramatically increased in price.)

19e3fcoLTu8YVFAU1NywJ88YnHH5kF8ScP - donations are welcome.
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January 20, 2013, 11:21:35 AM
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Didn't like the movie.
Also, if you compare system with bitcoin, in the movie every infant is given one year of life, to spend after he/she turns.. umm 18 was it? or 21?

In bitcoin system nobody, noone, nothing gives infants 1btc for free. Some people might get 0.1/0.01btc for joining from other people. But still not everyone does.

Edit: Actually, in the movie system encourage.. no, wrong word, forces people to spend their "money". While bitcoin is safe to both store and spend.
(In the movie every few weeks things get increased in price, overall time - dramatically increased in price.)

25, not 21

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January 20, 2013, 06:20:23 PM
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Didn't like the movie.
Also, if you compare system with bitcoin, in the movie every infant is given one year of life, to spend after he/she turns.. umm 18 was it? or 21?

In bitcoin system nobody, noone, nothing gives infants 1btc for free. Some people might get 0.1/0.01btc for joining from other people. But still not everyone does.

Edit: Actually, in the movie system encourage.. no, wrong word, forces people to spend their "money". While bitcoin is safe to both store and spend.
(In the movie every few weeks things get increased in price, overall time - dramatically increased in price.)

Infants getting one year at 25 is a controlled release of new coins - like mining is.

True. The deliberate inflation of prices is of course nonsensical, and doesn't represent a real market with prices set by supply/demand. It is not a perfect story by any means!

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January 20, 2013, 06:28:18 PM
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When this movie came out, I went to see it with my girlfriend (No greyhawk, not Yoon). I liked it a lot and it really felt like a beautiful metaphor for money and the way the world works. I can't deny I thought of bitcoin while watching the movie, but the similarities stop at digital money in itself.

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January 20, 2013, 08:29:06 PM
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the dystopian aspect of the movie shows that decentralized currency is not enough. "Economic zones" with top-down price control are possible with Bitcoin too. We also need decentralized economies.

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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January 20, 2013, 08:36:16 PM
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If enough bitcoin made you practically immortal people would kill for it. (oh the irony)

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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