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# thoughts on currency

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i think the currency we have, fiat money, that has no upper limit, is not good for the economy.

it encourages over spending and makes the rich too rich.

a few ideas i've had for possibly a better currency;

a time backed currency, the number of hours in a year multiplied by the population, is the upper limit. minimum wage would be a 1 hour certificate in exchange for an hour of labor.

an energy backed currency; a certificate for each kilowatt or perhaps megawatt of electricity produced, the first recipients of the currency would be the people who make electricity.

i also like the idea of cryptocurrency, using mathematics to make currency.

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6 hours ago, phillip1882 said:

i think the currency we have, fiat money, that has no upper limit, is not good for the economy.

it encourages over spending and makes the rich too rich.

a few ideas i've had for possibly a better currency;

a time backed currency, the number of hours in a year multiplied by the population, is the upper limit. minimum wage would be a 1 hour certificate in exchange for an hour of labor.

an energy backed currency; a certificate for each kilowatt or perhaps megawatt of electricity produced, the first recipients of the currency would be the people who make electricity.

i also like the idea of cryptocurrency, using mathematics to make currency.

I like all three ideas.

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9 hours ago, phillip1882 said:

a time backed currency, the number of hours in a year multiplied by the population, is the upper limit. minimum wage would be a 1 hour certificate in exchange for an hour of labor.

That’s the same as having no upper limit, even Jeff Bezos doesn’t have 13 zeroes

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it is different. lets say half the population makes minimum wage, 40 hours a week.

thats 40*52*164,750,000 = 34,268,000,000

then lets say half of what remains receives a 2 hour certificate in exchange for an hour of labor.

then lets say half of that receives a 5 hour certificate in exchange for an hour of labor.

thats 428,350,000,000

after all this, total remaining is 2,389,534,000,000

and there are 41,187,500 people remaining. lets say its split evenly among them. the wage per person would be approximately 27 hour certificate for every hour of labor

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22 hours ago, phillip1882 said:

it is different. lets say half the population makes minimum wage, 40 hours a week.

thats 40*52*164,750,000 = 34,268,000,000

then lets say half of what remains receives a 2 hour certificate in exchange for an hour of labor.

then lets say half of that receives a 5 hour certificate in exchange for an hour of labor.

thats 428,350,000,000

after all this, total remaining is 2,389,534,000,000

and there are 41,187,500 people remaining. lets say its split evenly among them. the wage per person would be approximately 27 hour certificate for every hour of labor

It's depressing that you're doing based on lifetime. Because we don't live half as long as immortal Jellyfish. And the extraordinarily brief lifespan of my recipient household pets depresses me even more

Anyway you're avoiding the issue, the issue isn't just that we have to PAY for basic needs, it's that from the time we leave our front door to the time we return home we get hit with unnecessary charges, inflationary schemes, and con-artists in every level of from there to here production just because the system makes it so a restaurant owner has to put forth little schemes to make more, just to be able to do anything other than either work or set there like a statue you get hit with a charge from a scammer or what I call a capitalist abiding citizen, every step and move you make from the gas station to the laundromat. If you’re anything like me you always have to be spending to not go crazy in these boring rural areas from the monotony.

I mean come on, people still have to pay for grooming closing in on 70 years after SPUTNIK!?! Because of money!?!? What the actual, this is why I stopped voting not that this even effects anything whatsoever.

It's become a bit of a dystopia. It's unnecessary charges because the process of agriculture and production have been mostly automated, it's a zombie - it's made for the farmers not the metropolitan or suburban inhabitants.

Money, with any modifications yours included, is spelled monkey without the k. And that’s how life in the states makes you feel exactly, monkey wrench. It keeps pets rotting away in cages it can be very horrible on many levels.

Veterans, parking tickets, vending machines, legal and monetary hassles used for comedic effect in Better Call Saul, alcohol addiction, McDonald’s, lung cancer from smoking, the list goes on & on. I don’t believe this infrastructure is anything more than a prison planet. We can control mechanical operations as far away as Pluto but we can’t prevent hair loss. This can’t be baseline reality.

I’ll see if it looks any different at the working middle class if I can even get there these days. Probably not.

The income is time, it’s a double negative. Keeping the stress in the system isn’t the worst part, the limitless apathy when you’re not well connected, the limitless monotonous trap of a paid salary. The price really stops of from having those creative and inspired bursts on a relaxing cruise, shopping sprees, the wires and circuitry and boats and buildings will be maintained, and can be self-autonomous now even, whether or not I show a time-stamp of proof of fun coupons.

Just build this damn city already

We could have had one 40 years ago. Currently it’s more practical than ever. And if we ever tap into stable fusion there’s absolutely no excuse not to tear down the free market for self-automated machine labor.

Edited by JeffreysTubes8
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On 9/19/2022 at 1:22 AM, phillip1882 said:

i think the currency we have, fiat money, that has no upper limit, is not good for the economy.

it encourages over spending and makes the rich too rich.

a few ideas i've had for possibly a better currency;

a time backed currency, the number of hours in a year multiplied by the population, is the upper limit. minimum wage would be a 1 hour certificate in exchange for an hour of labor.

an energy backed currency; a certificate for each kilowatt or perhaps megawatt of electricity produced, the first recipients of the currency would be the people who make electricity.

i also like the idea of cryptocurrency, using mathematics to make currency.

the currency should be in the form of energy harnessed freely from the earth and shown to those less fortunate... "Current "see is actually free, although "cash rules everything around me" so people in prominent positions should act accordingly.. Knowledge is power, and half the battle..so the more we all know the better our existence ya...Bobby

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Quote

That’s the same as having no upper limit, even Jeff Bezos doesn’t have 13 zeroes

21,709,200,000,000 is the total currency we have right now

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