Topic: Time as a medium of exchange? Why do we use money? (Read 318 times)

I feel there is no exemption to the rule of money when it comes to goods and services requirement, because that is just how all economies of life are based upon as the medium. But I believe time itself is the real money. Ability to purposefully utilize your time on business matters and not frivolities may determine the amount of money that would come as your reward. But we can not unfortunately reward time better than money. I feel, we should be master of our self in time management and ensure we reward time spent for us in any services based on the factor surrounding the labor other than the production face value alone.

There is no doubt that time is more valuable than money I see some people wasting hours on freebies which can be used to earn good money instead.

Physical money is still a very big factor when it comes to the economy. This barrier had not been yet broken, but the first steps were taken, the credit cards.

Hello, Normal everyday average guy here just wondering why

Why do we use money?

I see every other species doing fine without it, heck alligators that are even older than us seem pretty well off without it. So why do we use it?
If time is money and for the most part peoples time creates money and gives it a value why not just give people time or have people create there own time? I understand things also cost money but why not assign them an amount of time like a bag of chips is 10 seconds?

Would it be easy to create a timed currency using block chain?
one where you can reward users for their time (voting and making everyone a politician of the system could create basic income as there will always be time needed for people to vote if they wanted to create time)
and people could vote on what jobs should be paid a higher multiplier on someones time (reputation) we could call it.

^I know some people will be like well a doctor and a guy flipping hamburgers should not be paid the same but in my eyes I worked on a farm feeding all of you in my entire life and I had a handicap guy working next to me he would pick 1 basket and I would pick 20 baskets in a hour, but we both used an hour of our time, and I agree he should be paid the same as me for that hour.  Yes I know some people would slack off but there could be penalty time just like in hockey to if enough people gave that person negative reputation or something like that.

an hour would be with an hour, some people could make 5 hours in one hour because they have a higher stress job if people voted that job should get a higher wage, you could still tax the time to have public services (new government)

It just makes no sense to me to work for another mans money supply, I rather be dead to be honest. Why do we not all create are our money supply's for crying out loud a meme dogecoin has more "value" then my entire life.

so yah, why do we use debt notes instead of time notes? I think money is worse than cancer and is the real problem with our species and it`s enslaving us all please convince me otherwise

Hello, Normal everyday average guy here just wondering why

Why do we use money?

I see every other species doing fine without it, heck alligators that are even older than us seem pretty well off without it. So why do we use it?
If time is money and for the most part peoples time creates money and gives it a value why not just give people time or have people create there own time? I understand things also cost money but why not assign them an amount of time like a bag of chips is 10 seconds?

Would it be easy to create a timed currency using block chain?
one where you can reward users for their time (voting and making everyone a politician of the system could create basic income as there will always be time needed for people to vote if they wanted to create time)
and people could vote on what jobs should be paid a higher multiplier on someones time (reputation) we could call it.

^I know some people will be like well a doctor and a guy flipping hamburgers should not be paid the same but in my eyes I worked on a farm feeding all of you in my entire life and I had a handicap guy working next to me he would pick 1 basket and I would pick 20 baskets in a hour, but we both used an hour of our time, and I agree he should be paid the same as me for that hour.  Yes I know some people would slack off but there could be penalty time just like in hockey to if enough people gave that person negative reputation or something like that.

an hour would be with an hour, some people could make 5 hours in one hour because they have a higher stress job if people voted that job should get a higher wage, you could still tax the time to have public services (new government)

It just makes no sense to me to work for another mans money supply, I rather be dead to be honest. Why do we not all create are our money supply's for crying out loud a meme dogecoin has more "value" then my entire life.

so yah, why do we use debt notes instead of time notes? I think money is worse than cancer and is the real problem with our species and it`s enslaving us all please convince me otherwise

anyone? other then the obvious fact that money creates a transfer of wealth easier because everyone values money, but don`t we all value time? I actually value my time more than my money

so do you think time can replace money? and time just be time on cards? like time credit cards?

Physical money is still a very big factor when it comes to the economy. This barrier had not been yet broken, but the first steps were taken, the credit cards.

Money is known to be generally acceptable as medium of exchange for goods and services and therefore we use money at this time that bitcoin is not yet generally acceptable and we have to have our stored bitcoin available for use in understable form.asides this, the major reason why we work is to earn for a living.

Our time now is  not like before where we exchange our needs to a material things with same value. We are no longer in a barter system but on a progressive generation. We need money to buy all the things we need and want to buy. Money now is a medium of our exchange, that's why we're using it.

We use money to get everything we want and need. Money = exchange.

You might value your time more than your money but how will you feed yourself if you don't have it? How will you buy your daily necessities without it? The real reason why everybody use fiat currency is because of it being used by most of the people alive on Earth.

I might not be able to convince you but the usage of money in our society is important because it helps the economy of every country grow. Without a medium of exchange(for work done), then everyone wouldn't work and it would be chaotic. You might say that we can use goods to pay for jobs, but isn't it easier to exchange using fiat currency($)? Also, if people started to create their own time, who would supply the pay?
It is not easy but it is possible but the pay for each job will still depend on how much the one who hire pays for it unless there would be a general consensus in minimum wage for each job.

Wow that is something out of the box thinking. I am not sure whether we can reward the time itself to anyone over the blockchain but I do know one thing that its not possible to live without currencies out here. The method of trading things has started since long time ago, it could even date to dark ages where people used to trade food. Later on it changed to valuable goods and then slowly currencies got started. May be this is impossible to overcome now as it is deep routed into the humans now.

Money is known to be generally acceptable as medium of exchange for goods and services and therefore we use money at this time that bitcoin is not yet generally acceptable and we have to have our stored bitcoin available for use in understable form.asides this, the major reason why we work is to earn for a living.

If you are talking about cryptocurrencies, it is  built to defy  inflation and the effect of your suggestion would be contrast to the principle of cryptocurrencies. I also point out that your suggestion wouldn't be effective because it does not include factors like increasing population.