Okay, this is a more obscure one:
I have a stopwatch. But it doesn't say 00:00:00.00. Instead, it says 0.00000000, like a Bitcoin balance. When I start it, it will say 0.00000001, then 0.00000002, that type of thing every second it's turned on. Then once you have 0.00003600 of these "seconds" saved up, you send them (from the stopwatch "wallet") to another person or company for an exchanged good.
I call this coin TimeCoin. There is supposed to be a 27,000,000.00000000 coin limit (like Bitcoin), and every 0.0001 TimeCoin generated by people in the network, a block is confirmed. UPDATE: The block reward would divide by 10 every 200,000 blocks, so the final digit would be followed by another digit, making it 0.000000001 per second instead of 0.00000001.
UPDATE #2: It's either that or just turn the ordinary stopwatch into a wallet, and actual seconds, minutes and hours can be transferrable to other wallets. For example, you can buy a pizza for 0:31:59 and the new Metallica album for 2:59:59.
What does everyone think of this idea?
Topic: Could time make good currency? (Read 266 times)
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