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
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
The absolute value of any economic unit, whether a nation or an individul,
is the amount of time required to acquire the daily necessities of life
divided into the universal, eternal 24-hour day.
Billionaire or Dollaraire?
In 2020, in Zimbabwe, everyone is a billionaire with a sandwich costing $500
million. If you can find a job, you have to work 16 hours which is a lifehour
value of 1.5 (24/16).
In 1950, in Decatur, Illinois, this writer shined shoes which hourly generated
a dollar of revenue with which he could buy a pound of polish sausage, three
dill pickles and a loaf of bread with ten cents left over to go skating.
This lifehour value is 24 (24/1).
Who is a richer person? The Zimbabwean billionaire or the Decaturite dollaraire?
Funny numbers versus real time value: The value of anything is the time of
others that you can buy with it.
In 1968, my middle-class grandfather sold his average house for $20,000 which
would buy five years in a nursing home for grandma.
In 2020, the average middle-class home sells for about $200,000 which will
only buy two years in a nursing home.
Which house was worth more in real value, that is, your time?
Funny numbers make fools of most people and is why fools and time are soon
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.
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,
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.
The lifehour is a currency concept that transcends the boundaries of history,
politics and economics.
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)
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)?
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.
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.
Important question: Who gets the profit and what is the criteria for
If the problem-solver gets no share of the profit then fewer problems will
be solved as he will not work for nothing.
If the problem-sufferer is over-charged then he will not hire the problem-solver
which means fewer problems will be solved.
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
I will recruit and sponsor friends, relatives and peers to the cause of better