Post
Topic
Board Economics
Re: Why do we use money?
by
MoneyIsWorseThanCancer
on 21/05/2018, 12:46:49 UTC
don`t we all value time? I actually value my time more than my money
You might value your time more than your money but how will you feed yourself if you don't have it? How will you buy your daily necessities without it? The real reason why everybody use fiat currency is because of it being used by most of the people alive on Earth.

I might not be able to convince you but the usage of money in our society is important because it helps the economy of every country grow. Without a medium of exchange(for work done), then everyone wouldn't work and it would be chaotic. You might say that we can use goods to pay for jobs, but isn't it easier to exchange using fiat currency($)? Also, if people started to create their own time, who would supply the pay?
Would it be easy to create a timed currency using block chain?
It is not easy but it is possible but the pay for each job will still depend on how much the one who hire pays for it unless there would be a general consensus in minimum wage for each job.



I would feed myself with food, I would buy my necessity`s and Non-necessity`s with time

who would supply the pay? I am not sure what you mean here?
If we created time biased off being born the system provides it, just like how bitcoin supplys the bitcoin and just like how private banking family's create money today