Topic: Time as a medium of exchange? Why do we use money? - page 2. (Read 318 times)

Do you think most of the population on the planet live without electricity because of the lack of money?

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.

We need money because more than half of the population on the planet live without electricity or mobile, they don't have access to any electrical gadget nor education.
If cryptocurrencies are implemented they will be casted out of the situation and the daily things won't be able to function well there will be Chaos everywhere and no one would be able to control it.
Money is essential until and unless everyone's educated then only we can think of taking such a big step.

Also all other species function well without money because they don't have consciousness and capacity to think like us humans that's a whole different story

no I am thinking exchanging time for time, using resources as your money supply is not to smart as your country could use those resources look at the penny it cost more to make then its even worth we had to revoke them in Canada

because money is the identity of a country, other than as a tool to transact. maybe you are thinking, why not get paid using gold, or diamond? because both are assets that are subject to change. so it would be better if using the money.

Money is very essential to us in living, without money nowadays, we can't survive. Money is use to buy our necessities such as our basic needs,number one was Food, money is used to buy something to eat for us to survive. Money is used to make shelter for us. Money is used to buy our clothes to wear. Money is very important to us specially on a modernized society. There still place where the y can survive without money such as tribes in the mountanous place, however is some urgency time, they still need money.

many of you saying we need money, I don`t need money, I need food water and shelter, Sure I could use a system to trade easier, but why trade real worth for monopoly money, I consider monopoly money any money created that is not distributed equally. Seems we need a country to start self sustaining societys then we would not even need a trading system. What could you want if you already have everything?

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.

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.

Could time become the same measure of exchange? to me it seems like it could and actually already is, and I could not agree more with your last part.

Unfortunately a system like that would not work in an ideal world it would where everybody had a role and no matter how skilled it was everyone got the same generated by just their contributions to the system.

We used money to make our daily life normal specially economy of our country. Just think, what if we our not using money ? do you think some people will make food for you ? will make dress or clothes for you ? absolutely not right ? so we using money for us to live normaly here in earth because without money everything that you will see today was not created.

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

Because money is a tool of Exchange.
The money used to buy whatever we want and we need, in the modern era as now everything requires money.
But you must remember that money is not everything, because there are some very important things that cannot be purchased with money for example happiness:)

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.
That's politics for you and no one can do a thing about it alone if most of us likes the way it is(particularly elites).
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.

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

why vote people to vote for us?  44 new laws in Canada this year, how long could it take 1 person to vote on each of those issues less then a hour?
https://www.strawpoll.me/15739355


why pay someone to vote for us? why not be paid to vote? and actually have your vote matter and not be able to be bought or bribed, like obama says he will remove all the troops when he got in, then got in and sent more in and did the opposite...

why not distribute a currency through time? like everyone collects at the same rate (unless doing things to speed up there time, like working), and have a fairly distributed currency for once? I always see people complain about premine or ico`s and for crying out loud you can buy all the btc with unlimited amounts of fiat. does this not fix these major issues?

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