Duration will replace btc/gold and scummy fiat

deisik

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Quote from: cizatext on March 29, 2019, 04:33:02 AM

Quote from: palle11 on March 26, 2019, 10:54:16 AM

I would just say that impossibility can not be made possible. The scene you are trying to come up with is like back in the era of trade by barter. That time is gone, gone for good and will never come back.

There will always be a means of exchange that is generally accepted by the people because of the complexity of want and desire. Duration will face the challenges faced by trade by barter. Which is basically, want and desire.

That is very correct the time the poster is trying to put up is an old era method were time is judge as an equal commodity to all, but the real calculator and determinant of time is it value. It true that we all have 24 hours a day but the value of each person time differs and so is the result of each person time

Unlike movies, you can't give somebody your time

Well, in fact you can (like in conversations or whatever), but there's no guarantee that anyone will be interested in your precious time at all (and it is more like spending time, not earning it). In this manner, there cannot be what we could loosely call a universal time or duration exchange. In other words, duration is not fungible, i.e. any unit or part of duration is different from another unit, and therefore it cannot be used as money

See, one bitcoin is still the same bitcoin no matter what wallet it came from. Technically, it is not quite so due to tainted coins (wallets) but it is still a safe assumption overall (and you can always use mixers if something). To sum it up, the whole idea seems to be stillborn as it has severe issues with fungibility, which makes duration not suitable to be used as money, end of story

cizatext

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Quote from: palle11 on March 26, 2019, 10:54:16 AM

I would just say that impossibility can not be made possible. The scene you are trying to come up with is like back in the era of trade by barter. That time is gone, gone for good and will never come back.

There will always be a means of exchange that is generally accepted by the people because of the complexity of want and desire. Duration will face the challenges faced by trade by barter. Which is basically, want and desire.

That is very correct the time the poster is trying to put up is an old era method were time is judge as an equal commodity to all, but the real calculator and determinant of time is it value. It true that we all have 24 hours a day but the value of each person time differs and so is the result of each person time.

CoinCrops

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Hey OP this is very interesting idea Shocked

Timed mining is the answer or equal hashing power to a coin with no limit will solve poverty in the near future.

I for one can actually see how this could work and why it really is the only option in the future that I have been presented with that may work. I see what you mean by in the game how a limited supply only leads to death for all in the end. I played hunter-coin as well and in the start I was collecting coins by mining from the middle and bringing them back to base but it became to hard because someone coded a bunch of AI to instant kill you or other players when you tried to collect the resource, just like how machines and cooperation's are taking all the jobs today yes it is a dark future. I hope there is more minds like you in the world or we are doomed as a species. It is sad most only care about blockchain and bitcoin to turn it into more fiat I never made a account here because all of the post I see is some guy asking when the next pump is or speculating on price but you have inspired me.

TimeBits

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Quote from: Crypdon on March 27, 2019, 01:59:10 PM

The OP watches too many hollywood sci fi movies. We can't get paid in time because it cannot be given by anyone. You can get time in a mining machine as payment or time spent staking

I am sorry but your wrong, I am earning 2 types of cash and 3 types of crypto via duration as you read this. Yes there is systems that can dispense duration or time to addresses.
how do most faucets work? it takes time to collect them, now if the faucet is dispensing a coin or token which represents time/duration it is creating, you now have a system in which can give tokens/coins which represent duration/time accumulated to anyone.

total recall is the best movie Cheesy

Crypdon

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The OP watches too many hollywood sci fi movies. We can't get paid in time because it cannot be given by anyone. You can get time in a mining machine as payment or time spent staking

TimeBits

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Quote from: fabiorem on March 27, 2019, 12:08:46 PM

Are you a flat-earther, OP?

lol did the JFK comment get you? no, not a flat earther

just a free man, looking at your post you only care about the price about btc, are you a fiat slave?

fabiorem

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Are you a flat-earther, OP?

TimeBits

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Now, What makes Time an Unlimited but Limited resource?

We all create duration at the same rate, 1 second a second, and when you die you do not create anymore.

TimeBits

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Quote from: jademaxsuy on March 27, 2019, 11:05:23 AM

A man once said "advance kasi ako mag isip" (I am thinking in advance) was high in marijuana and talking about things what marijuana could do to the human body. This is the same to the OP's case. He was so advance and thinking about it that he knows surely it will going to happen.

My Bad fiat is not a scam medium of exchange. It was the best method that has ever done to make the transaction smoothly done.

I have a lot of respect for fiat up until april 1933 in Canada and 1971 in America

The Canadian Dollar, among a long list of other currencies around the world, is no longer backed by gold. No gold, silver–nada is backing the value of the Canadian Dollar. The Gold Standard for the Canadian Dollar was officially abandoned on April 10th, 1933.

https://en.wikipedia.org/wiki/Nixon_shock
The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.

who came after JFK the guy they killed, Nixon I wonder why Huh

Fiat money first began to be used in China in the 11th century. Since then, it has been used by various countries, usually concurrently with commodity currencies. Fiat money started to dominate in the 20th century. Since the decoupling of the US dollar from gold by Richard Nixon in 1971, a system of national fiat currencies has been used globally.

THIS IS WHEN IT BECAME A SCAM AND SCUMMY BANKERS COULD EXPLOIT THE PEOPLE

You have Limited time, You have Limited goods, they have Unlimited fiat. stop getting scammed you`re trading something for nothing.

jademaxsuy

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A man once said "advance kasi ako mag isip" (I am thinking in advance) was high in marijuana and talking about things what marijuana could do to the human body. This is the same to the OP's case. He was so advance and thinking about it that he knows surely it will going to happen.

My Bad fiat is not a scam medium of exchange. It was the best method that has ever done to make the transaction smoothly done.

TimeBits

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Quote from: carter34 on March 27, 2019, 10:35:32 AM

Quote from: TimeBits on March 27, 2019, 04:13:17 AM

I rather work for a equally distributed currency that everyone can adopt without having any starting funds and have a equal chance to enterprise rather than work for another mans money supply.

Even in the communist states, things are not equally distributed Grin

. The world is specifically based on capitalism one way or the other, whether it is specified or not, that is how survival is based. The aliens might not have bordered but even in animal kingdom, some animals say they are greater than others. Roll Eyes

What stops capitalism in a time based currency?
https://www.youtube.com/watch?v=zNtPVgblzWY seems she evolved past ego alpha age.

carter34

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Quote from: TimeBits on March 27, 2019, 04:13:17 AM

I rather work for a equally distributed currency that everyone can adopt without having any starting funds and have a equal chance to enterprise rather than work for another mans money supply.

Even in the communist states, things are not equally distributed Grin

. The world is specifically based on capitalism one way or the other, whether it is specified or not, that is how survival is based. The aliens might not have bordered but even in animal kingdom, some animals say they are greater than others. Roll Eyes

TimeBits

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Quote from: Kakmakr on March 27, 2019, 07:33:17 AM

This makes me think of the Andrew Niccol’s 2011 film, In Time, where people are given a specific amount of time, before they die and if you do something wrong, then time are deducted from the allocated time that are given to you.

In this movie, time replace fiat currencies and you can buy or sell some of your time to live longer or shorter. It looks like your suggestion is more in line with this science fiction action thriller film. Tongue

well you would not die, you would not just be able to forge more into existence you would either have to wait for more duration to be dispensed in your time bank via basic income or sell something/do work for someone and earn more credits.

TimeBits

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Quote from: davis196 on March 27, 2019, 08:58:59 AM

The idea about a "time currency" isn't very original.It was invented by the french anarchist Pierre-Joseph Proudhon(as far as I remember) 2 centuries ago.
I have nothing against that idea,but it will never be implemented,because no government or central bank wants to lose it's power over fiat money.The rich elite's wealth is guarded by the governments/banks as well.Don't you think that all the oligarchs will be upset if such duration currency gets implemented?

just like how people are using bitcoin, they won`t be able to stop it and when people value the time credits over the fiat money what will there fiat be worth?

I am friends with over 200 farmers in the Toronto food terminal, one of the biggest fresh food markets in Canada, been going to the real market since I was a baby and selling all of my fruit within a few hours of being there the bankers and governments will comply if they want to eat my food/work, I will make sure of it. If you come to my stall and offer me fiat this year when the cherries and peaches are ready I laugh in your face.

Pierre-Joseph Proudhon did not have blockchain technology to disperse and keep track of time records, neither do any of these time banks at the moment.

davis196

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The idea about a "time currency" isn't very original.It was invented by the french anarchist Pierre-Joseph Proudhon(as far as I remember) 2 centuries ago.
I have nothing against that idea,but it will never be implemented,because no government or central bank wants to lose it's power over fiat money.The rich elite's wealth is guarded by the governments/banks as well.Don't you think that all the oligarchs will be upset if such duration currency gets implemented?

Xampeuu

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Quote from: alisafidel58 on March 27, 2019, 07:01:47 AM

Quote from: TimeBits on March 27, 2019, 04:13:17 AM

I rather work for a equally distributed currency that everyone can adopt without having any starting funds and have a equal chance to enterprise rather than work for another mans money supply. There is not a joke here, watch the simulation, everyone dies. It won`t be a dream it will be a reality and your grandkids and kids will be damn proud you stopped the slavery age. Yes it seems to good to be true except for when it is true.

Has there been any equal distributed currency in this world? It will still be a dream because the government won't allow such a thing. Have you ever realized that fiat is the only thing that makes a government powerful?

fiat is a patent currency, which is structured. if directly replaced, it will certainly be an economic turmoil, that's where many governments still calculate the profit and loss from crypto legalization

Kakmakr

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This makes me think of the Andrew Niccol’s 2011 film, In Time, where people are given a specific amount of time, before they die and if you do something wrong, then time are deducted from the allocated time that are given to you.

In this movie, time replace fiat currencies and you can buy or sell some of your time to live longer or shorter. It looks like your suggestion is more in line with this science fiction action thriller film. Tongue

alisafidel58

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Quote from: TimeBits on March 27, 2019, 04:13:17 AM

I rather work for a equally distributed currency that everyone can adopt without having any starting funds and have a equal chance to enterprise rather than work for another mans money supply. There is not a joke here, watch the simulation, everyone dies. It won`t be a dream it will be a reality and your grandkids and kids will be damn proud you stopped the slavery age. Yes it seems to good to be true except for when it is true.

Has there been any equal distributed currency in this world? It will still be a dream because the government won't allow such a thing. Have you ever realized that fiat is the only thing that makes a government powerful?

TimeBits

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Quote from: Bitinity on March 27, 2019, 03:45:49 AM

Quote from: TimeBits on March 26, 2019, 12:51:56 PM

Think about if we come in contact with Aliens from another planet, would they accept a currency printed out of thin air? would they accept another mans currency? would they accept gold even though they have no gold on their planet to trade back and our solar system has a abundance? would they give up their time/goods and services for some random guys money supply? I think we have a better chance exchanging duration with them.

To be honest this post makes me laugh so hard. You are just dreaming too far away in this case, out of your logic I guess. It is OK to be fanatic supporter of bitcoin but we should keep on our logic. Replacing fiat with bitcoin is possible but the chance is so low and it may take decades to happen. Probably we wont experience it when it happens.

I rather work for a equally distributed currency that everyone can adopt without having any starting funds and have a equal chance to enterprise rather than work for another mans money supply. There is not a joke here, watch the simulation, everyone dies. It won`t be a dream it will be a reality and your grandkids and kids will be damn proud you stopped the slavery age. Yes it seems to good to be true except for when it is true.

https://www.youtube.com/watch?v=seqoOnr2ebU

Bitinity

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Quote from: TimeBits on March 26, 2019, 12:51:56 PM

Think about if we come in contact with Aliens from another planet, would they accept a currency printed out of thin air? would they accept another mans currency? would they accept gold even though they have no gold on their planet to trade back and our solar system has a abundance? would they give up their time/goods and services for some random guys money supply? I think we have a better chance exchanging duration with them.

To be honest this post makes me laugh so hard. You are just dreaming too far away in this case, out of your logic I guess. It is OK to be fanatic supporter of bitcoin but we should keep on our logic. Replacing fiat with bitcoin is possible but the chance is so low and it may take decades to happen. Probably we wont experience it when it happens.

Topic: Duration will replace btc/gold and scummy fiat (Read 331 times)