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Steve Bosserman

The Time Based Economy - Amar SINGH Kaleka - Medium - 1 views

medium.com/...e-great-atonement-f0b089f050de

time-based economy

shared by Steve Bosserman on 26 Jul 17 - No Cached
  • If it works, then why in the world are we not basing our whole economy on the finite construct of “time”? It would nearly be infallible, versus the legacy commodities model, which is full of holes and reject-able logic.A “time based economy” can be used with any nation state, group, or community based economics model. To make it simple, the value at the transaction would be time dollars in the form of a digital debit.
  • In the time based economy, each person enrolled, anywhere in the world would have an online account which is controlled by the debit card (not a citizenship card).
  • The time based economy primarily functions through the education, civics, and knowledge sector.
  • ...2 more annotations...
  • This new education model would then become the basis of the global economy, like the base of a pyramid. During these years, and throughout their education, each child would pay for their own education through “time dollars”.
  • It would become the first global economy which standardizes and binds the economic trade of all market forces, known and unknown, to the only universal equality on this planet: time.
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