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Money 3.0

by on Jun 07, 2009

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  • KingofthePaupers KingofthePaupers, Candidate for Prime Minister of the Planet at Brantford Charity Casino Poker Jct: The issue is what is the better numeraire for the Third World, a Kilowatt Hour or a Human-watt Hour, to understand. I think the labor time is easier for them to trade, (my hour for yours) than it is to trade electric power. 3 years ago
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  • ChrisJCook ChrisJCook John

    Our Energy (manpower, measurable in calories and what Keynes called 'unqualified labour') and Knowledge (what's between our ears, including skills, experience, contacts, plain common sense. intuition, creativity and so on) are the backing for our guarantee.

    Both have a use value over time.

    A 'Man Hour' of unqualified labour is actually an amount of energy, and what you call a 'time standard' is therefore the same thing as an energy standard.

    What distinguishes my time from a dentist's time is the use value of his knowledge/expertise etc etc. That's what we are really paying for over and above the use of his manpower.
    3 years ago
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  • KingofthePaupers KingofthePaupers, Candidate for Prime Minister of the Planet at Brantford Charity Casino Poker Jct: I get tickled every time I hear of using 'interest-free' credits. I am a long-time member of the Quebec branch of the Social Credits movement. And though I approve of an energy-based currency, a la Technocracy, I'm sad there was no mention of the Time Standard of Money where time as well as gold serve as collateral in our bankers' eyes, thus making human manpower equal to a piece of yellow rock now reigning supreme. 3 years ago
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  • ChrisJCook ChrisJCook Cheers.

    Drop me an email

    cojockAThotmail.com
    4 years ago
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  • cappelaere Pat Cappelaere, Member at OpenID Foundation Chris,
    Great presentation. Could this concept be used to develop a virtual currency to be used for accessing 'free' open-source data such as GIS imagery. This imagery is not really free but we would love to be able to measure the value of it from a user standpoint. This could be used during disasters for example.
    WDYT?
    4 years ago
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