Currency: Index ... Book

Lifehours, Introduction:
A Functional Cyber-Currency

Like capitalism, the concept of currency has lost its original, literal meaning, that is, "What is your time currently worth," or, "What are you currently due?" As Ben Franklin said in 1748, "Time is money." Over the millenia, as it became easier to produce currency (jewels>metals>paper>bytes), the symbols of time were increasing divorced from one's substance of time. The phase, "Are you part of the problem or part of the solution" implies the literal meaning of currency. Problems waste time while solvers safe or create time.

Because of corrupt, habitual politicians and Wall Street stealing the identity of capitalism, wealth has been divorced from worth. One's real, existential worth is how much clock time does one create or save on a daily basis. Worth is not having more funny numbers on funny paper.

Two simple things about  Timism's lifehour. There is a way to determine the national currency for international trade and how to calculate profit-sharing.

Lifehour Determination

  1. The absolute value of any economic unit, whether a nation or an individul,
  2. Billionaire or Dollaraire?
  3. History
    1. Throughout history, different economies have developed different currencies, e.g., shekels, drachma, marks, francs, pounds and dollars. What matter was not the funny number on funny paper but the time value of the paper.
    2. If the time value of a currency dropped, then the holder and economy was suffering inflation, a cheapening of one's time (like the semantic cousin, flattery).
    3. If you saved 1000 hours of wages and found in retirement that your funny numbers would only buy 500 hours of products (goods and service), you have been a victim of inflation cheapening or stealing your work time.
    4. The lifehour is a currency concept that transcends the boundaries of history, politics and economics.
  4. The lifehour should be that basis of international trade to eliminate theft through currency manipulation and to stop international sex trafficking.

Profit-sharing (and profit-taking)

  1. With funny numbers on funny paper, one can claim a profit by citing ownership of more paper. Does this mean that a bank robber with more paper has more profit? Or, does a Wall Street decapitalist have profits when he uses banks to steal workers money thru 401ks (the biggest bank robbery in history)?
  2. What is a profit? Based on Latin, it occurs when something takes us forward, that is, pro esse (forward existence/time). More and more funny paper is usually a sign of economic inflation and stress. So, more money does not necessarily mean a profit if there is no time saving or creation.
  3. A profit occurs when time is created or saved whether in the time to survive of a bushel of wheat or of a life-saving ventilator. The profit is the time created or saved.
  4. Important question: Who gets the profit and what is the criteria for profit-sharing.
  5. How does one live in an economy with optimal problem-solving? Simple, observe the golden mean of dividing the time-savings with half to problem-solvers and half to problem-sufferers. When all gain in a win-win fairness, we live in a problem-freer world.

I want to help create a new cyber-currency (the lifehour) by we can reunite the symbols of our time with the time-saving value of our time.
I will recruit and sponsor friends, relatives and peers to the cause of better currency.