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leonair
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April 22, 2019, 02:11:36 PM |
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Time is everything my friend and almost all of us knew that already.
The living would eventually die no matter how they are trying to stop their death, time is one of the most important thing(yes 'time' is a thing because its exist) that you can't get back.
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TimeBits (OP)
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April 22, 2019, 02:27:20 PM |
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Time is everything my friend and almost all of us knew that already.
The living would eventually die no matter how they are trying to stop their death, time is one of the most important thing(yes 'time' is a thing because its exist) that you can't get back.
I am willing to die today for us, I am not trying to stop it, I embrace it and If I could put my brain on a computer chip to live forever I would decline, I want to see what is after this game. I`m saying time should be our "money" but it seems people only care about short term profit instead of long term prosperity for all. |
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lyks15
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April 22, 2019, 02:31:55 PM |
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Time,bitcoin,gold and fiat is a complete element for life success. I hope we can have all of that. We can have a lot of time to make things possible and lot of time to work hard to have savings and I hope bitcoin and gold even not too much as long as it serves as investment that can use in case of emergency. And last fiat money,don't be sarcastic all of us will need and wants fiat for daily use.
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TimeBits (OP)
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April 22, 2019, 08:09:04 PM
Last edit: April 22, 2019, 08:40:24 PM by TimeBits |
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Time,bitcoin,gold and fiat is a complete element for life success. I hope we can have all of that. We can have a lot of time to make things possible and lot of time to work hard to have savings and I hope bitcoin and gold even not too much as long as it serves as investment that can use in case of emergency. And last fiat money,don't be sarcastic all of us will need and wants fiat for daily use.
Not bitcoin nor gold nor fiat will feed you in a emergency, food water and shelter will, it is what really backs the current money system and what has real intrinsic value. Go ahead try and trade a farmer gold, bitcoin or fiat for his food when the power is out for over a week  |
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Yakamoto
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April 22, 2019, 10:30:32 PM |
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Time,bitcoin,gold and fiat is a complete element for life success. I hope we can have all of that. We can have a lot of time to make things possible and lot of time to work hard to have savings and I hope bitcoin and gold even not too much as long as it serves as investment that can use in case of emergency. And last fiat money,don't be sarcastic all of us will need and wants fiat for daily use.
Not bitcoin nor gold nor fiat will feed you in a emergency, food water and shelter will, it is what really backs the current money system and what has real intrinsic value. Go ahead try and trade a farmer gold, bitcoin or fiat for his food when the power is out for over a week That's assuming that there's an extreme case present which is completely out-of-the-ordinary for most people, aside from those living in disaster zones. You're not wrong that there are far better investments for an emergency, especially a more extreme emergency, but it's not something that most people would be considering on most days. At the end of the day it really is Time > Bitcoin (alt Gold, depending) > Fiat, but assets are realistically more valuable than anything but time. Everything else in that list can lose value and can't be used to produce future value. Most people with a lot of money don't keep it in fiat, or even things like gold. It's almost always in some asset which will continue to make them more money. |
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TimeBits (OP)
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April 22, 2019, 10:49:48 PM |
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That's assuming that there's an extreme case present which is completely out-of-the-ordinary for most people, aside from those living in disaster zones. You're not wrong that there are far better investments for an emergency, especially a more extreme emergency, but it's not something that most people would be considering on most days. At the end of the day it really is Time > Bitcoin (alt Gold, depending) > Fiat, but assets are realistically more valuable than anything but time. Everything else in that list can lose value and can't be used to produce future value. Most people with a lot of money don't keep it in fiat, or even things like gold. It's almost always in some asset which will continue to make them more money. Well why not prepare for those days with our taxes? created back ups for everyone? Like gold,bitcoin and fiat are pretty useless when it comes to a power outage or internet outage, Sure you can use gold to make stuff but you really would be more worried about food water and shelter. Bitcoin you could not really do anything with physically and fiat here in Canada is plastic so you could not even burn it for fire wood. So what is the difference if people adopt a time based currency, If I was the government I would provide watches that hold the network on them so even if the power goes out there is still a wifi network holding the system up, kind of like that red pill free internet thing (in case of a meteor, tsunami, poles changing, sun flare, nukes) something big. Could they not keep time tokens in exchange for assets that will make them more time(duration) in their time bank as well? if let`s say time does become money. |
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TimeBits (OP)
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April 22, 2019, 10:53:03 PM |
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If people were smart there would be farmbots all over and backup generators and bunkers/housing for everyone. At least give our species a chance.
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Yakamoto
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April 22, 2019, 10:59:31 PM |
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That's assuming that there's an extreme case present which is completely out-of-the-ordinary for most people, aside from those living in disaster zones. You're not wrong that there are far better investments for an emergency, especially a more extreme emergency, but it's not something that most people would be considering on most days. At the end of the day it really is Time > Bitcoin (alt Gold, depending) > Fiat, but assets are realistically more valuable than anything but time. Everything else in that list can lose value and can't be used to produce future value. Most people with a lot of money don't keep it in fiat, or even things like gold. It's almost always in some asset which will continue to make them more money. Well why not prepare for those days with our taxes? created back ups for everyone? Like gold,bitcoin and fiat are pretty useless when it comes to a power outage or internet outage, Sure you can use gold to make stuff but you really would be more worried about food water and shelter. Bitcoin you could not really do anything with physically and fiat here in Canada is plastic so you could not even burn it for fire wood. So what is the difference if people adopt a time based currency, If I was the government I would provide watches that hold the network on them so even if the power goes out there is still a wifi network holding the system up, kind of like that red pill free internet thing (in case of a meteor, tsunami, poles changing, sun flare, nukes) something big. Could they not keep time tokens in exchange for assets that will make them more time as well, if let`s say time does become money? I'm not sure what you mean by "back ups". If you're talking about disaster relief, that's already paid for with taxes. If you're talking about some kind of technological backup, you'd need to convince the US government to pioneer the project and take almost all of the money out of the welfare expenditures they make and put it towards that kind of project, because it will never get funded outside of that scenario. As for the infrastructure required to maintain some kind of "time-based" currency, it's going to be no better than the current wifi network we have, essentially. That and fiat can already be considered a version of a time-based currency, which is constantly devalued as more people do jobs. Time-based currencies would have no benefits over what currently exists, and might as well just be called fiat currency with extra steps. That and whatever free-internet concept you're thinking of will probably be destroyed in any of the scenarios you mentioned. The best thing that could be done would be hardening the equipment and waiting for the disaster to blow over. Which would probably mean that trade is starting again, and fiat/gold will likely slowly become accepted (the latter if society was completely thrashed, like a pole change or nuclear war). If people were smart there would be farmbots all over and backup generators and bunkers/housing for everyone. At least give our species a chance.
Don't worry, those already exist, just not for you. |
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TimeBits (OP)
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April 22, 2019, 11:01:47 PM
Last edit: April 22, 2019, 11:14:14 PM by TimeBits |
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The tax fees on the network would fund them for free. Also the benefits is everyone has a job from voting if they want 7.7 billion jobs created, everyone has universal basic income, the governments are funded for free, instead of one person being the bank everyone is, there is not a limited supply to destroy us in the future either. It is actually fiat with less extra steps because you don`t need to convert the time or duration into something else you just keep it as is. "Don't worry, those already exist, just not for you." Well I am not to worried I kind of want to see what is next although I will enjoy my time here while it last https://www.youtube.com/watch?v=d-diB65scQU @55 second in, But I am sure most people are if they have kids and that would probably worry them seeing how it is not for them. |
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Yakamoto
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April 22, 2019, 11:14:18 PM |
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The tax fees on the network would fund them for free. Also the benefits is everyone has a job from voting if they want, everyone has universal basic income, the governments are funded for free, instead of one person being the bank everyone is, there is not a limited supply to destroy us in the future either. "Don't worry, those already exist, just not for you." Well I am not to worried I kind of want to see what is next although I will enjoy my time here while it last https://www.youtube.com/watch?v=d-diB65scQU @55 second in, But I am sure most people are if they have kids and that would probably worry them seeing how it is not for "them". You're implying that so much more is possible than what is actually feasible. Not only do you have to pay for everything that we currently have, you now have to harden a network of delicate technology against issues which have rarely occurred over the course of recorded human history. Scarcity is one of the cornerstones of economics, and it will stay like that as long as people have finite lives. The taxes on such a network would have to be exorbitant to fund such a society, and at that point it certainly wouldn't be "free". It's like Canadian "free" healthcare or European "free" education. It's not free, you pay for it with ridiculous taxes. Or someone else pays for it, but someone is always paying out more than they get back from it. At least the European taxation kind of makes sense. Everything else is just leaching money from you, and almost all taxes are a burden on the taxpayer. |
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TimeBits (OP)
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April 22, 2019, 11:22:09 PM |
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The tax fees on the network would fund them for free. Also the benefits is everyone has a job from voting if they want, everyone has universal basic income, the governments are funded for free, instead of one person being the bank everyone is, there is not a limited supply to destroy us in the future either. "Don't worry, those already exist, just not for you." Well I am not to worried I kind of want to see what is next although I will enjoy my time here while it last https://www.youtube.com/watch?v=d-diB65scQU @55 second in, But I am sure most people are if they have kids and that would probably worry them seeing how it is not for "them". You're implying that so much more is possible than what is actually feasible. Not only do you have to pay for everything that we currently have, you now have to harden a network of delicate technology against issues which have rarely occurred over the course of recorded human history. Scarcity is one of the cornerstones of economics, and it will stay like that as long as people have finite lives. The taxes on such a network would have to be exorbitant to fund such a society, and at that point it certainly wouldn't be "free". It's like Canadian "free" healthcare or European "free" education. It's not free, you pay for it with ridiculous taxes. Or someone else pays for it, but someone is always paying out more than they get back from it. At least the European taxation kind of makes sense. Everything else is just leaching money from you, and almost all taxes are a burden on the taxpayer. It is definitely feasible, not with the current system where politicians and bankers line there pockets with everyone else's time. Yes how are we going to pay back the national debts You could mine all the gold in the ocean and galaxy and we would not have enough to pay it back, instead with this system there is national world wide global gains. The way this currency is distributed. Yes there would be a scarcity for luxury items which people would trade their earned time/duration with (from working) or given time with (for voting or being on the network). People can still enterprise, there is still going to be people even if they are provided food, water and shelter who want the new game or want the new car or phone etc. Want to ride in Elons Rocket to the mars? that will be 5000 hours. Want to buy my peaches from my farm? That will be 10 minutes a peach please. Satoshi, you can have them for free and anyone else in the work force. |
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TimeBits (OP)
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April 22, 2019, 11:45:51 PM |
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trickle up economics is a lot safer than trickle down, It is like a game of Jenga we are playing it always ends the same, we keep taking from the bottom and putting it at the top, when the bottom falls out the top will feel it the most, or like a slinky. https://www.youtube.com/watch?v=vdXTlFVz3w4 |
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TimeBits (OP)
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April 23, 2019, 04:08:06 AM |
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TimeBits (OP)
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April 23, 2019, 03:02:56 PM |
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joshy23
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April 23, 2019, 03:18:34 PM |
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Time is the most important element of them all because without time nothing can be done
Gold is the most stable element of the four because for more than our ancestors gold is with us already
Fiat is the most needed among them because this can bring life to the fullest
Bitcoin will be the future,upon those mentioned this currency will stay for us forever lol 😂
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TimeBits (OP)
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April 23, 2019, 06:03:10 PM
Last edit: April 23, 2019, 06:15:23 PM by TimeBits |
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Time is the most important element of them all because without time nothing can be done
Gold is the most stable element of the four because for more than our ancestors gold is with us already
Fiat is the most needed among them because this can bring life to the fullest
Bitcoin will be the future,upon those mentioned this currency will stay for us forever lol 😂
Time tokens could be fiat, just the difference is everyone makes not, not a select few. The Current Fiat has actually made me hate my life and not able to live it to the fullest, because instead of doing the things I want to do I am running on a hamster wheel doing a 9-5. |
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