Smarter Currency

Basic principal, theory & demonstration of a digital, virtually driven, 

peer to peer, Time-Based economy tied to the Gold Standard.


I make apologies in advance; this is not an easy read, nor am I the best author. This article is quite long and gets technical but try and see it through to the end, skipping whatever goes over your head in order to get to my point... which I do try to accomplish. I believe this article does provide a genuinely feasible solution to the human condition.

This proposed solution took a lot of postulating and endless research, undertaken over a 20 year period. During this time I traveled around the world living in 3rd world countries, observing how the world works whilst making ends meet on a veteran’s pension. Everything herein is accurate and verifiable including the technologies and companies mentioned. 

It could easily be concluded from the information contained herein, that Blockchain and many crypto-currencies are actually an un-necessary drain on global resources however; people are so heavily invested in it... ($Trillions) that they can't be seen to fail.

The technologies mentioned herein are real, current, easily understood, cheap to reproduce or mimic and can be readily and easily researched by anyone. There are some hyperlinks contained within the article text which link to the sources of the facts being mentioned.  

If you are reading this article as a Cryto-Currency researcher, i.e. interested in the technologies only; you may benefit from scrolling down to the first video, thus skipping the introduction and background information on the relationship of time to money.  


- It is said 'Money makes the world go around' and that ‘Time is money’… but giving thought to these two statements what are the realistic implications in relation to your own circumstances, both financially and socially?
- With the days of barter long gone and fiat currencies on the verge of possible collapse, what is the next step in our economic d-/evolution likely to be? 
- Would it be possible to improve upon the existing economic monetary system, or even replace it completely with something more sustainable? An economic structure based around something of actual ongoing value… and if so, how and with what? 
- Technology has come a long way; would it be possible to actually replace the concept of money entirely, within a new economic framework?

The answer is yes, absolutely; a fair and just economy based upon [your] time, or any other tangible asset of value is possible, at least technically. However, the political hurdles to accomplishing this are significantly large enough to say it may never happen and not any time soon.


Time is the same everywhere, yours and mine. An equal global constant that is both free yet priceless and has an intrinsic value determined by 'self'. Any economy based around the concept of utilising time as value would construe everything in such an economy as being the same for everybody, without exception; unparalleled equality... once and for all! 

The devil is in the detail and the details of any time based economic system are completely hypothetical, simply due to the fact that it has never been realistically possible to deliver one... until now. The entire concept of using time as value has been confined to the realms of fantasy and utopian idealism... but times have changed, technology has advanced. 

It could be argued that this type of economy may become essential for the salvation of our species and actually deemed necessary at some point in the future; due primarily to the human cognitive changes that would be inherent during the transition to a time based system whereby your time defines your value. Ultimately, we are all in control of our own time.   

As the push towards globalism intensifies the integrity of individual societies and cultures needs to be maintained wherever possible. Much has been said of globalism but little has been thought through as to how any capitalist form of globalism would or could be brought about and work; partly because the concept is counter intuitive as capitalism by nature is dictatorial.

Circumstances would certainly come to the fore if the existing Fiat economic system did collapse at any point in the future… as many analysts are predicting. IF this be the case, (a massive financial global collapse), as devastating as it would be for many it would also present the perfect opportunity to bring in a new system. A digital application designed specifically for a new age that would work for the betterment of the entire planet... [or not]; the quintessential One World Currency, constructed to be fair and infallible?

Give serious thought to these statements, because it is already underway. This concept is definitely more than feasible as today we stand blindly on the cusp of this very occurrence playing out in front of us all in plain sight... with Crypto currencies such as Bitcoin and digital ID taking centre stage. One World Currency is only a small step away; fore-warned is fore-armed.

Capitalism and Monetary Economy

We in the West currently live in a predominantly capitalist, consumer driven society; money means everything when fueling any economy. Economies are manually controlled, (quite literally), by a very small minority of individuals involved within it, the richest 1% of society... more often referred to as the 'Ruling Class'. Their networks of institutions, corporations and governments have the ability to tweak and manipulate any economy using the financial tools at their disposal such as: Interest rates, exchange rates, inflation, taxation, investments, commodity prices and more. This financial tweaking contributes directly toward the control of the individual by the largest money holders in society. In a monetary economy such as ours; the more money you have, the more control and power you possess.

In capitalist, consumer driven societies where industry manufactures tanks, bullets, bombs and guns; it is necessary to create a market for these products in order to fuel other relevant and associated economies; locally, nationally and internationally. Put bluntly: we need to start a war to sell those guns that were made; or we won’t have any money to buy more... Stuff! Thus, we fuel our economies; War, is a racket. This ongoing economic process becomes cyclic and such has been the case for (literally) thousands of years. To a finite point war is predictable and systemic in capitalist doctrine. 

Our species has been at war for 92% of its documented history, This statistic has to be addressed and rectified at some point otherwise peace is likely to come at the expense of an Extinction Level Event (ELE). Dr. Richard Dawkins, the famous bio-geneticist, academic and renowned atheist, states that anyone who doesn’t believe in evolution is ignorant  and to a point I could agree… but I put to him that with 50% of  all knowledge being lost in every war undertaken (losers) and with the estimated number of wars  in our times ranging from between 10,000 to 250,000 in number; I'd say that our species is drastically Devolving and not evolving at all. Darwin’s physical proof of evolution fails to take into account the change in environmental circumstances v’s the necessary physical evolutionary progresses. Controversially, surmising Darwin: beaks have to grow if death and extinction is the alternative; otherwise you're dead... and extinct. 

Due to the cyclic and predictive nature of war, along with the complicated relationship between war and money… virtually any given financial scenario can be forecast over time, with some degree of accuracy in almost any given economy. Computer algorithms undertake most of the data analysis today and financial predictions are made from exceptionally dependable aggregated data. The global economy has evolved into another, almost transparent financial racket, manipulated by wealthy bankers. This financial racket fuels the coffers of the growing war racket, and the cycle continues on. When war cries are heard, the stock markets hail hither... someone has to re-build what we're about to blow up and then we need to make bigger, better guns.  

War is inherently built into any capitalist society that produces weaponry as part of its industry; it is inevitable as well as systemic and (regrettably) the weapons become more and more destructive as technology advances. Capitalist countries that produce weaponry and belligerently consume an abundance of products, Planned Obsolescence for example, can certainly be identified as being a significant part of the problem. It’s not to put blame upon any one nation for taking advantage of what just is a factor of our supposed civilised society; it is after all human to do what comes naturally and take the good with the ... not so bad for some. 

However, at some point we all need to realise our own civilities, and quickly. Our aggressive consumerism and excessive greed could certainly be the end of society as we know it, in more ways than one. It is possible to highlight many instances of excessive consumerism; a recent example in the UK is the car scrappage scheme along with recent amendments to the Vehicle test certificate, making it much harder for cars to pass. They want all those cars off the road for a reason... you buy a new one. It is estimated that a brand new car has circled the planet the equivalent of 23 times during it's making, significantly more than it will do during its lifecycle and nobody seems to be seeing this as a problem.   

Greed is good: can be described as being as close to surmising capitalist ideology or philosophy as it gets. Ironically, greed has been proven over time to be detrimental to all societies in general. Native American tribes know this and have been foretelling and prophesising the consequences of greed for decades. This knowledge was born out of watching it happen locally within their tribes for over 80 centuries. 

Unfortunately, the advice from Native American Indian elders was passed down verbally in local dialects and dying languages through songs, stories and tribal philosophies. This was done purposely in order to inform future generations that they should learn from past experience. Many Native Americans don’t read or write (not as a rule), which is the fundamental reason why they have been taken advantage of for generations. 

In our society their 8000 years of folk law and stories (sadly) bare no credence in the real world of today. This in comparison to say; accredited, well documented, peer reviewed research combined with infallible empirical evidence undertaken by a 23 year old post-graduate... which is understandable; to a point. However, is it not somewhat questionable to cast aside thousands of years of factually verifiable advice just because it's being delivered by a wispy old Indian shaman with no teeth and wild eyes in a language you don't understand? This still doesn't equate to him being wrong...

A capitalist ideology of greed combined with the production of weaponry creates an imbalanced ‘power to people ratio’ by unwittingly endorsing A Military Industrial Complex, controlled by the wealthiest in society. President Eisenhower termed and warned strongly about this occurence but alas we are now (sadly) living that version of reality. The wealthiest in society control the weaponry and in that, there can be no surprise. With money comes power which in turn facilitates primary access to technology and knowledge; this is where the real power lies... and therefore it is contained.

In order to create change in the hawkish mind-sets of politicians we need to amend cultural methodologies and thus change associated thought patterns and cognition... or put bluntly; we need to learn how to stop killing one another. If we don't accomplish this, the risk of perishing in some form of extinction level tragedy is high. Armed revolutions, world war, global warming, AI uprising or even alien invasion, who knows what the future will bring? So, the question still remains: how do we change our inherent and systemic problems, including that of war and climate change, along with the originating thought processes and cognition of (mainly, but not exclusively) men that create these environments?

Communism and instability

Karl Marx, amongst other communist commentators, believed that communism has revolution built into the very core of its ideology… whether you believe or agree with his theories or not, they demonstrate some credence. If you’ve read George Orwell’s Animal Farm, he illustrates this analogy quite profoundly. Post revolution; leaders rise to the top in order to organise and control subjects, who in turn become subordinate and conduct labour in the name of the regime under said leaders. Sooner or later subjugation enters into the system in the form of revolution or war; then the whole scenario starts again, with a new set of leaders and rulers.

Communism, it can be argued, becomes a recurring process of repeated failures at maintaining a stable status quo. There are also elements of human nature and emotion driven decision making that enter into this equation too; these normally involve greed, envy and jealousy. Money is never really the problem, it’s the emotions and stress associated with it, that’s where the real gremlins unassumingly lie… and in thus facilitates control of the masses by utilising our inherent human fear of being destitute and worthless, with no value.

The failings of communism lead to a rise in a new form of political governance, socialism; or alternatively the communist/capitalist middle-ground. Communism and socialism in theory appear slightly more sympathetic to the poorer in society. Unlike capitalism which is somewhat opposite and seeks to benefit those with (the most) capital, or simply put; the rich get richer. However, betwixt Capitalism, Communism and Socialism we have to break out from their systemic grips and somehow find common ground to unite all in finding a new and peaceful direction in which humanity and civilisation should head.

Capitalism and communism don’t have the methodology to facilitate this occurrence, they are both failing in multiple ways which are demonstrable but socialism, still a work in progress, does have the potential to redefine itself in our societies. This is due partly to its supposed democratic flexibility and freedom of speech, if there is such a thing. Currently, in unto itself, socialism lacks any solid definition of best-practice hence it remains in a state of flux as to what exactly socialism is, as it is evolving along with us.
For example: Cuban socialism is significantly different to British socialism which in turn differs from say Russia or Canada, amongst others. So, for the want of better terminology let’s loosely define socialism herein as an explanation for ‘the collective of similar societies and cultures that look to trade toward a better lifestyle for all concerned, with peaceful intent’. 

Many of the above mentioned socialist countries have many localised, environmental and social differences which reflect how they approach policy, law, economics and business procedures. These can usually be narrowed down to one discerning factor irrespective of demographics, GDP. Or, put another way, it all boils down to the money. It is the substance that provides all nations with their geo-political weight and defines the standard of living within any community, despite internal politics. 
But what exactly is Money in real terms? And how do we create a fair and just economic platform from it?

Defining Money

It is first necessary to separate money from currency in order to define what money actually is; and please don’t take the dictionary definition as read… money is not currency. Money and currencies are very different, whereby money is value and currency provides the ability to exchange that value… or put another way, currency is the middleman in the exchange, where money is the value in it.

When you go to a bank and take out a mortgage or loan, what you are effectively doing is bringing new funds into the economy by trading your future time working in exchange for monetary currency in ‘the now’. This is a time to money transaction; it also indirectly indicates that you are conversely borrowing other people's invested time... as money. 

I could now go into the further explanation of what happens with that money in the fractional reserve banking system, highlighting exactly how that money works (for the banks) but let’s not over complicate the situation right now, we will return to this scenario later.

Re-Defined, for the working and middle classes: Money is the physical representation of your time… Q.E.D. It implies status and brings forth self-worth, improves one's position in society and determines lifestyle. The wealthiest in society have always known this, Time physically IS money! Currency is an exchange format of and for that money, which is defined as having the intrinsic value in any transaction. In this ‘Time is Money’ scenario you may identify that Money is the middleman in the transaction of your time. So, as with all business, the monetary systems are all about quasi-middlemen, even in its underpinning philosophy. And in good business, it’s the middlemen we always seek to eliminate from the process... because they increase cost. 

So, what would happen if we were to do away with the concept of money altogether? Every one of us can readily identify with money; it’s actually become so simplified that the concept appears self-explanatory and necessary for any civilised society to function. Is this because there are no better known systems or alternative options open to us? Or is it such that there are no incentives to change the existing system… especially for those with the most (capital) and therefore in control of it!?

Time h/as value

A time based economy would significantly change the way we think as human beings at a profound level… just give some thought to how ‘spending, buying or borrowing time’ would become conceptual realities in human consciousness where your time is your value. War quickly becomes a waste of time as well as a waste of life; the most intelligent users of time will rise to the top of society by their clever use of their allotted time; time rich and time poor would be re-defined in reality.

Walking or driving to work becomes a lifestyle choice; Children could be educated to be what they are and not what we want them to be. Vocation could take equal precedence with academia without prejudice. The list of inevitable alterations, in and to society for the betterment of all, would be endless... don't do the math, do the logic. 

However, first you must begin to understand the fundamental steps involved in undertaking these changes, because they are also profound and significant. Utopian ideals may come seemingly cheap but putting these into practice, more often than not, becomes impossibly expensive for a multitude of reasons, including individual emotions and dominance.

Although it's often ridiculed Utopia may, or may not, be technically and politically possible with the increases in today's technology… but irrespective, surely our elected officials should make every attempt to try and head in that general direction whenever it is feasible and realistically possible to do so... instead of passing it off as a comic interlude.

In a transition to a time based economy there would be no requirements for:

  • Asset striping, or over taxation of rich elites...or the middle and working classes
    (No money, no point)
  • The attempt of equity rebalancing by redistributing wealth
    (Legacies will balance out over time)
    (Intelligence will supersede inheritance) 
  • Engagement in armed conflict or violent revolutions
    (Nothing physical is being lost or gained, no reason to become violent)
    (Employment will become significantly more relative to lifestyle)  

There is no requirement or necessity to become radical against any faction in any way… (Although, you might have a tough time explaining this to those with money and are already in power). All that any society requires is for its rules to be fair, just and equally enforced; the treatment and adherence to the rules be the same for every single individual, irrespective of status... which is where our system is failing. In most of our civilised societies, you can still buy your way out of trouble. 

Your time is exactly the same as that of any monarch and the Pope, it’s just that they value their time much differently to you and I… and so do we. Whilst many people are envious of power, wealth and status, the wealthy equally revere the freedoms that many of us take for granted… we don’t have the restrictions of their  gilded cages, which are often under constant scrutiny. This is the unseen trade off, one in which time quality is the only constant factor. There is, and always will be, us and them… And no matter if you are us, or them; ‘they’ exist!

Time-based Economy

There are literally hundreds upon hundreds of time banks all over the world however, these are mainly community or charity based. Their methods are crude and simple (an hour for an hour) with no trading platforms yet in place. Their inception allows little or no opportunity to barter time to personal value, such that; persons A & B are equal. Whereby person A is a brain surgeon and person B is a … whatever else you care to think of, their time is of equal worth. Whether this is fair or not is actually irrelevant, they were both prepared to give up equal time, irrespective of self-worth or commitment.

It is now possible to co-ordinate this entire ethos, whereby ‘time is of value’, into a workable economic system. This entire concept revolves around an individual’s time and not about their earning capacity or money… which becomes redundant to currency; or the ability to exchange their time-value for goods and services. This currency can be delivered peer to peer, virtually, digitally and in a decentralised format (or not), regulated or unregulated if necessary, or as required. We already have the technology in place today to do all of this, right now.

A digital, virtual crypto-currency linked to time and tied to the gold standard is now a genuine reality due to emerging technologies which I will highlight herein with examples… but first it is necessary to understand exactly what a virtual-crypto-digital currency is and where digital Identity comes in... it would benefit you to watch the following brief whiteboard presentation, it will help with the technical explanations later. 

Please note: This in not an endorsement for SmartGlyph, I'm simply using it as a focused example. All related resources are openly available online to review: they also have a YouTube Channel. There are other technologies that can accomplish the same objective. 


A currency provides a form of exchange in value. A virtual currency, according to Wikipedia;
is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined virtual currency in its guidance published in 2013. In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically". By contrast, a digital currency that is issued by a central bank is defined as "central bank digital currency".

Or put another way; none-physical (virtual) methods of exchange, of, or in, value…. These exchanges can be undertaken locally, or remotely peer to peer. In our specific circumstance, from one mobile device (or PC) to another. Bitcoin, as an example already has this capability whereby block chain technology is used to formulate an auditable ledger of exchange in virtual coins traded peer to peer across a global platform. Bitcoin is essentially a crypto-currency because cryptography is used in the formulation of the block chains used to build it. The realistic value is literally contained within the history of the chain as it provides an anonymous, auditable, decentralised verification exchange... or a detailed transaction ledger of and for the trade in virtual coins.

This is a very simplistic overview, but our interest is more in the methodology of block chain cryptography, which we will touch upon later. Simply put; Blockchain has the ability to provide a secure decentralised ledger and distribute it globally, with verification, across its entire network of (x) users. However to date, it has not proven infallible, with persistent hacks, thefts and banning orders hitting the headlines with increased regularity, this has undermined people's trust in crypto-currencies but to the converted Crypto's are the only way forward...  

Golden Times

Everyone is aware as to the value of gold; what gives gold its value is its rarity. All the gold in the world combined would fit into just one third of the Washington monument. We have a reasonable estimate as to exactly how much gold there is in the world in addtion to how much is produced or introduced annually. These constraints highlight that gold, particularly its extraction and production, has a quantifiable and finite time element to it. With simple mathematics, adding the approximate amount of gold in known existence to the gold produced annually it is possible to formulate a direct correlation and valuation of ‘time’ in gold terms and vice-versa… a job for the bean counters of the world. We can now formulate the direct link to time and the value of gold in existence, currently moderated by the world’s Gold Standard… we can do this in terms of a Gold:Time ratio and accrue this information into an hourly value.

New Technologies

Everyone is becoming more and more aware of digital media technologies and action codes for example, Barcodes and QR codes. Reverting to the aforementioned video and previous introduction to SmartGlyph, below is another presentation detailing their digital value exchange system. This technology alone could be implemented solely as a virtual currency given the correct environment but for now, it supplements and simplifies my explanations in plain and visual terms. 

*If you are interested further, there is a practical demonstration video of this system in operation on the SmartGlyph YouTube Channel along with other uses for their Digital technologies.

[A SmartGlyph is a bi-directional, Omni-present, multi-media action code technology which resolves to an open vector by way of an encrypted code contained within the artwork (Now watch the videos :@)].

The Glyphs have the unique ability to bridge digital technologies but it also has a few other notable qualities, one being that they can be ring fenced or grouped into an asset class in order to provide a ‘set market cap’ offering, similar to Bitcoin. However, unlike many existing crypto’s there is no need for mining, each has a unique physical presence and the system can be varied to suit any given virtual economy with transactions conducted in real time… this is due to the digital bridging nature of Smartglyph. Bitcoin is capable of 7 transactions per second, with each one taking approximately 89 minutes, which will increase with mass adoption... unsustainable. 

For example as with gold, giving value to its rarity... 1 unique SmartGlyph = 1 unit of exchange, whereby there are X units in any given economy for exchange purposes: as is with Bitcoin. This makes the system absolute, quantifiable and precise, without the need for any control factors such as interest rates or inflation and deflation. This method has unparalleled security and no requirement for sophisticated mining or complicated cryptography in order to work as a currency. Nor is there any need to burn through local energy reserves, depleting supplies, causing outages, or undermine regional internet bandwidth provisions or infrastructure limits... Efficient! 

Action code theory in principal could work within any centralised or decentralised system, with said technology being linked directly to a blockchain contract if decentralisation is required. This would facilitate double, fool-proof verification of all transactions in an absolute and infallible fashion in real time whilst supplying a granular audit trail of occurrences with an adapted audit system (Ref: SmartGlyph, Cryptalock & Trustrain seed to sale).

This type of system (frighteningly) could be coded to know where every penny (unit of exchange) in circulation is, who owns it, where it was traded, where it has been... 100% total transparency. It is possible to demonstrate variations of this concept in action right now with several 'seed to sale' tracking software applications used primarily in the Legal Marijuana industry. Wherein every single marijuana seed is tracked throughout its lifecycle in a growing facility (due to legislation); a Money:Time tracking system would be very similar in concept. 

Alternatively, Glyphs or action codes could be utilised in a hybrid solution to form a trading and tracking ledger. It would be possible to label every single unique satoshi or unit of exchange in any financial eco-system with a SmartGlyph or a barcode. Then, by redistributing the transactions moving forward, whilst at the same time retrospectively collecting the transaction back data, this would form a centralised, granular, auditable record of exchange from a single point in time (in both directions, similar in theory to stock market Haasbot).  If you managed to follow the details of the concept; this would effectively centralise that same decentralised crypto-currency system.

This would be useful should it be the case that it were deemed necessary to centralise and regulate a decentralised currency (such as Bitcoin)... in order to bring it under control by, say the banks, or not, as I will expand upon later. To re-iterate, this system could reverse engineer the Bitcoin blockchain retrospectively and tell the world who hacked who, who stole what from where and when. In addition, it would be possible to deduce precisely which wallet those funds are in. This is partly why the truth remains that the banks are probably the better regulators of our economic systems, if for nothing other than nonpartisan security, enforcement and governance... but only if this could be made infallible, which it now can. 

This concept of a time-value-$ based virtual currency is totally flexible. Specific types of interactive action codes (i.e. barcodes) are cheap, easy to construct, control, implement, adapt and maintain, such that almost anyone could do it. And this poses another big problem… who do you trust to implement a system such as this? It facilitates and permits multi-faceted hybrid combinations of digital technologies in order to build new currencies, regulated and decentralised… or not and tied to anything/nothing. Consequently, it may be fair to conclude that with the rise of Crypto currencies in general, the cat is out of the bag as to value... it's whatever the currency owner says it is. 

Action code technologies, such as SmartGlyph, can be used as a virtual currency with transactions being easily conducted peer to peer, as was demonstrated in the videos above. This form of virtual currency could be linked to any sustainable asset of value, including time itself, i.e. 1 Glyph = 1 hour. We would now link or match that hour of value to the Gold standard of Time:Value and you can (should) now begin to identify the formulation of a hybrid, gold backed, time based economy… delivered virtually via a mobile device on a peer to peer platform that has the ability to be flexible and decentralised; or not and re-validated by blockchain if required. From thereon, the options are adequately versatile such that they can be arranged into any economic configuration that fits within the society or culture using the technology.    

Basic Functionality & Obstacles

Now that we have demonstrated what a virtual-crypto-digital time based economy is and that it is possible to compile, plus we’ve highlighted some of the readily available technologies that can be applied in doing this; let’s look at some of the implications of how this could actually work, by referring back to the banking analogy posed earlier.

I’ve contractually borrowed money to buy a house (a mortgage) in exchange for my future time working to pay off the money borrowed… however, let’s now remove money from this equation. First and foremost, what becomes the purpose of even going to a bank if money doesn’t exist? Where lay the possibility of trade if there is no money or interest due. The role of the banks must change significantly, and here is where another major hurdle enters the fray, because like or loath banking; they make things easy and maintain autonomy in society… albeit by controlling the population through mass manipulation of money. However, it can be definitely be argued that we do need some form of regulatory circumstance, in some guise or another and the banks already have the systems in place that are required.  

Decentralised currencies are noted as being disruptive technology (certainly to the banks) because they remove the element of centralised control and therefore move the autonomy of value, in other words they change 'overall worth'. This is accomplished by facilitating anonymous peer to peer transactions whilst avoiding the established banking infrastructure and legacies in place and historically known to work… avoiding the bank entirely. The inevitable long term outcome is likely to be the collapse of the banking sector… and possibly global stock exchanges.

We would all benefit if the banking system was infallible, which it currently is not… the banking catastrophe of 2008 being just one landmark in a multitude of examples. Financial indiscretions are being uncovered with alarming regularity; the Panama papers and the Paradise papers being just 2 further recent examples. Bankers and the wealthy are human and subject to greed, envy and all the other emotions, just like everyone else. And in their game the stakes are often high. This is where a failure in our humanity, in the form of greed, can bring down a society... which it almost did in 2008. 

So... hypothetically; having removed money from the banking system where does that leave us in respect of an undertaking in value for our transactions? Money needs to be replaced somehow in the equation, right? Wouldn’t it be possible to replace monetary worth utilising your time as value? In principal, of course, however, to do so we would need to re-configure the entire banking mechanism. The good news is that we could readily use the same or similar infrastructure already put in place by the banks to do this.

Simply put; we could map a time based economy straight over the existing monetary based system that the banks already have in place, whereby we can directly align and map the value of, money, gold, and time. Hence, there’s a lot can be argued that regulated or regulating banks should remain as a necessity if nothing else, simply for their existing autonomy; their infrastructure will adapt accordingly over time.

In reality this system would prove difficult, if not impossible to implement simply due to global politics but it begins to highlight the reasons why Globalism is actually the answer... because it equates to world peace. [In Principal: the loss of the Nation state poses the problem of having no one to fight with]. However, the concern being whether this new system would be conducted in a fair and forthright manner by the people who are currently pushing the globalist agenda the hardest... probably not. It appears we need a drastic change in the direction of leadership as well as amendments to social strategies and policies.  

This is another in a multitude of hurdles to a time based economy ever occurring, however it is definitely possible to construct and is probably the best solution to the one world currency that keeps being banded around. I'm aware of several companies in the UK that could deliver this type of application within months. It is further possible due to the fact that almost every product has a definitive time element involved in its construction, extraction or processing and this can be quantified precisely and exactly; by governing accountants (chilling thought).

Fiat currency

The existing monetary and economic system is commonly known as being Fiat. The reasons are complicated partly because money is no longer tied to a common tangible asset, such as gold. Fractional reserve banking practices have over inflated the system to produce an unstable economic future of enforced and continual consumerism and debt… this being necessary to fuel the economy.

Many credible analysts are now calling our economic monetary system a doomed Ponzi scheme, rightly or wrongly so. However, when you add this to an ever increasing strength, presence and economic weight of the Military Industrial Complex, things appear ever bleaker for all of us. An overstock of improving weaponry, increasing public debts, more systemic stress, magnifying global tension and less cash, (currently in circulation, less than 2%) can only result in bad consequences.

But what would happen if the economy did implode and the stock market crashed, way beyond belief and repair; what if money just wasn’t anymore? Civilisation isn’t just going to stop and we all drop dead, we would have to adapt… but into what? Another monetary based system, run by the same corrupt people, who will do the exact same thing as they did before… that would be the epitome of insanity. However and ironically, it is more likely that this would actually happen if no other alternative presents itself, because it is all we know… and humans are creatures of habit.

It can definitely be argued that an economic collapse would present the perfect opportunity to deliver a technological solution which could be adapted into a time based economic scenario so as to address the problems. The minor down side being that we would need to construct this as close as is possible to being infallible, knowing and learning from the errors of our past. Adoption could prove complicated initially due to the fact that the concept is totally abstract; a complete new paradigm and way of thinking for humanity. Nobody likes change, it's always resisted... but it always occurs. 

A peer to peer time based economy, virtually delivered and tied to gold via the Gold Standard is probably the alternative best solution. However, the intrinsic value in this technically constructed economic system can be determined by … whoever makes or constructs it, [gold is only a good example] and therein lies another problem with most virtual and crypto currencies... The creator controls what is of value and its worth.

The Price of Eggs

Your house may cost you $50,000 or 50 years to buy; this can be calculated and quantified to the last brick and penny by accountants and divisible into time value (as gold). Everything is transferable in theory. Informed, intelligent purchases would become definitively paramount to your lifestyle in a time based economy, not consumerism. Your house could well cost you your lifetime, so be damn sure you want to live in it! Your lifestyle and the value of free time will be determined completely differently in a time based system.

But how can we quantify the value of something as simple as an Egg in a time = value based system? Firstly, you must remove the thought of chicken sex from your mind; we’re left with the product, an egg, which in principal has cost virtually nothing to produce. Excluding; the feed, nurturing and realty, necessary to farm it… along with the fuel to get it to market and staff to stack the shelves prior to purchase; or not, of course.

These commodities in turn have a definable cost in both time and resources, but one that can be quantified; as a process in unto itself. These are the basic foundations of a new economy emerging, whatever the provision, the time element can be calculated precisely. Bear in mind this is a hypothetical new system and as such would take time to develop but it has a very predicable evolution; it is scalable as well as sustainable.

Let’s say, for example, an egg takes a day to get it from the nest to market and sell, that doesn’t necessarily mean that an egg would cost you a day of your time at market. Comparatively, if it takes less than 5 minutes to print a precisely accurate 3D prosthetic limb, or a couple of hours to 3D print an entire house, the concept becomes illogical when implementing our existing thought processes. These expensive processes would quantify our time to value model into something more akin to being ‘upside down’ as to how it is today. Everything changes… it’s too complicated a perception for most to grasp initially and that’s also part of the problem.

The actual cost of an egg (or 6) can be quantified from butt hole to butt hole if the correct algorithms and accountancy are put in place, simply by taking into account all of the constants involved, such as nurturing, feed, fuel, accommodation, packaging etc. The entire commodities market would change completely into something with a more intrinsic and realistic worth because the value of products would be quantifiable down to the exact amount of time taken to produce and sell the commodity, therefore making its value finite. This brings with it a quantifiable level of sustainability of all commodities on earth... Efficient. 

Public services v Private enterprise

This confronts the old communist adage; does a trash man have the same value as a Doctor in society... taking into account that both are required in order for each to function efficiently? It’s a fair question and the answer is solely dependent upon that society, along with the implementation of its theology. But what if this actually became irrelevant, as with the case previously mentioned… with the hundreds of time banks already in existence worldwide? Everybody’s time, irrespective of occupation, is fundamentally the same. This orchestrates an equal intrinsic value tied to self-worth but this is only affective when applied correctly and that’s the rub; it’s all in the application and thus enters the politician.

Most dustbin or trash-men/women (refuse technicians) don’t hate their job as much as we’re often lead to believe; the ones I know actually enjoy it. And, if they were paid the same amount as their local Doctor or GP, (i.e. more than your local MP) I’m sure they’d enjoy it a lot more, but is that practical? Would it actually be an issue if our existing concept of monetary value became somewhat irrelevant?

Career choices

Equally, some people just aren’t cut out to be Doctors and others simply don’t mind emptying trash… [Maybe when they're not playing guitar or writing their comic screen play]. But the rewards for each should probably quantify somehow, relative to a common constant, which is, and only can be the quality of their time. So yes, if cut to the bone, people are worth the same in time terms, but only in a truly democratic autonomous society… should one ever exist (or evolve). In real terms, people want or expect more if they make certain sacrifices, which usually involve their time and/or intelligence at the crux.

Here’s where this all begins to become slightly skewed… particularly where money enters the equation along with the life, death or well-being of a loved one. A Doctor suddenly becomes far more valuable than the man who collects your garbage, anyone can do that right? And the more knowledgeable that particular doctor is, the more his value to those in such a position as to best afford his or her service. This automatically lines a pathway to Dr. Greed; its human nature to want more money… as well as it is to care for those we love. Thus enters an economical paradox involving love and money. The rest is history, or so they say… Money is complex.

*As an example: current NHS statistics estimate the fall out rate of graduating NHS doctors to be close to 50%. Once trained, the majority of young UK Dr's leave for private enterprises... almost immediately after they qualify. This IS the real smoking gun and underlying problem with our NHS. 

Education and Employment

As a career choice I recommend becoming a skydiving instructor, it worked for me... but I'm an official loony. However, as a working class lad no-one ever told me it would be, or even could be, possible to jump out of an aircraft for fun and create a decent lifestyle. Playing video games was always lost folly when I was a child; the top E-game players are now earning $millions for simply following their vocation. Information and knowledge is real power however this only has any relevance when presented with opportunity... which is also controlled (financially). 

Our entire employment structure is established at grass roots level in our schools… and that is where the next obstacle enters. The entire education system would need to be reformed and transformed from the top down and the bottom up… completely. Many that work within the existing academic system (and parents) would say that this is probably a good thing. Additionally, the introduction of AI into the workforce with increasing accessibility and affordable rates means that the education system has to adapt to this in due course. Human beings need to begin using their brains more than their brawn; we now have robots for that kind of work, like it or not... it's happening.  

Notwithstanding, the educational structure would have to change and adapt entirely into something new in a time based system whereby employment choice would become the emphasis. Vocation could, should and would, over time, eventually balance with academia and artisans in terms of equal value. Teaching would become multifaceted, redefined more toward a form of talent spotting of/or academic distribution, whereby children could follow the nature of their minds within a set, essential curriculum of basics (such as the 3R’s) with a mentoring toward their vocation, such as sport, science or art: be whatever you are or want to become... live your dreams or die trying: this would become a genuine reality.

The good news is that this would probably be a naturally occurring process, assimilating into society over time. A single parent domestic (a maid or cleaner) should have the right of access to every possible facility and service available that's required to become an effective and valuable member of society on their own terms, be it a play write, poet, rock star, author, artist, brick layer, basket-weaver or fog-plaiter (who cares?)... anything constructive should the desire arise. It is nothing short of forthright to be presented with the chances and opportunities to do so… this is a fact, just ask J.K. Rowling amongst others. Everyone has a hidden something, a skill or talent, our educators should be trained to spot and nurture these instead of drilling facts and stats into young uninterested heads to be quoted back, blindly during testing... Engagement, in 'anything', is the key to true learning. 

The internet has now made many of these utopian possibilities a reality. If you need to know the answer to pretty much anything you want to know, or care to learn, Google and Bing will furnish you with the resolution within seconds. The Education system is overdue an overhaul simply because of this one fact. Every classroom should have Google assistant, Siri, Alexa or Cortana as standard practice to answer any question that a child has on any related topic(s) in real time. The answers can then be discussed communally with other students in their peer group, along with their teacher/mentor acting as the experienced Oracle... teaching would be redefined and maybe even become enjoyable once again.  

These are simple easy answers for a system that is being deemed 'highly complex'... and this is understandable due to the delicacy of young minds. But, at the end of the day it's learning, we were all intrinsically born to accomplish this if given the right environment to do so. Some people do need to know how to suck eggs, others don't, they prefer theoretical quantum physics... but any functional society should cater to both in equal measure.   

The ability to teach children uniformly, collectively and in an informed manner whilst in the safety and comfort of their own homes can be accomplished today via the internet… no question. This could also be accomplished in a unique and individually customised manner to fit each student, but would we really want to do this? Or, better such an application be used to supplement a new revised hybrid system of institutional and home based education, freeing up individuals time? Roll on the robot kids; we’re all going to live in Stepford... Children need social interaction so there’s also a trade-off that has to be addressed. It’s never going to be straight forward but... has it ever been?   


Ok, so you’re broke, skill-less, talentless and lazy with no hope of employment, which is never the truth… but, we aim to please. Universal basic income is a concept currently in its grass roots stage, feel free to Google and research it. The concept aims to give a basic level of income, which transpires into a chance, a standard of living and lifestyle well above that of the existing poverty line. 

In a time based system welfare payments are relatively simple to incorporate… for every hour you are under the welfare state, the system assigns 1 unit per hour to your mobile device, incrementally. This payment could be set against a sufficient level of time related duties, or any alternative forfeit [or not]. The aim being to maintain a set standard of living within any given community. These forfeits could be set by each individual community in a revised form of devolved governance, inferring local control... where is exactly where it should be. Or, alternatively these could be set universally from a common stand point of values which is where the politician comes in and is probably the biggest obstacle of all to get around... Ego's. 


It would be possible to implement this type of incremental time based credit system as a tactical strategy of economic disruption. This could destabilise an economy whereby, such a system would be the inception of an entire sub-economy unto itself from the bottom or lower classes upward. 
For example, think Bitcoin; if a completely free and virtual digital system were to be given to the ‘trading class’ as a vehicle of exchange between one another, peer to peer on a mobile device, this could prove sustainable… whereby each individual in the system is awarded a credit every hour, incrementally, in order to provide a set standard of living and trading within the peer group.

In this enrollment time-based system, the user [citizen] would literally be receiving something for nothing. It would become possible to trade this for something else within their network or peer group facilitated by their mobile device. Early adopters and subscribers would benefit the most from selling the concept to others and would do so naturally as a matter of course because they would benefit the most the more it is used. This concept is similar to any other Ponzi scheme in existence but one that may actually work due to the nature of the value in it…which is your invested time.

However, the inevitable end and where the rubber meets the road is where ‘they’ meet ‘us’. If the working class were to acquire the ability to trade using this system within a somewhat exclusive environment of equivalent peers, it would undermine the power of the wealthy. The working class would have no desperate need to work for, or trade with them for money. Workers and traders would have their own open and free currency with which to trade freely, this is similar to the existing circumstance with Bitcoin... and hence the massive resistance to it from the establishment. 

This becomes more complicated the more you think it through, but the end result can inevitably be seen as war, an endless one… against the bomb factory owners. So this financial concept of revolution is best left alone. There is no way forward for any system such as this unless everyone (at least within a defined community) is on board with the changes... which is the ultimate hurdle to surpass.  

Who soaks up the Money Excess?

One of the biggest hurdles to this entire concept is undoubtedly integration. Those in real power, as a factor of their wealth, obviously don’t want this power taken away from them, they’re human after all and in their eyes, they've earned the right. However, the growing gap between those at the top of society and those at the bottom continues to grow at an alarming rate... to everyone. The growing division is causing an element of global subjugation and subsequently entrenched opposition is being witnessed worldwide with divide and conquer indicators being witnessed everywhere. Brexit, Spain, Venezuela, Ukraine, The Middle-East, Afghanistan, Arab Spring, the list goes on and on... it can readily be argued that Donald Trump has irrefutably divided the United States, if not the world.

Once again this can be seen as systemic, predicable and possibly orchestrated given the right amount of power. The Ruling Class aren’t necessarily to blame for this; however this is where the finger always gets pointed. No-one mentions the aspiring middle class banker, lawyer, accountant or Doctor. Wouldn’t you take more money if you were offered or given it, especially autonomously?

The issue here being, the more money you have the more and more predicable the system becomes for you in particular... capitalist economies are biased in favour of those with the most and those individuals have the ability to manipulate that same predicable system. It is a prevailing cyclic problem that can't and won't go away unless it becomes irreparably broken and/or replaced outright. 

It would not be possible to move forward with any time based (or alternative) digital system without actively convincing the wealthiest 1%, or the most powerful minority of society, that this is the correct and most ethical thing to do for the betterment of the species. And here’s where we have to be fair and comment that most of the wealthy, not all of course but most, would agree in principal with this philosophy and possible integration because they lose nothing in real terms. They keep their lifestyles and all their possessions moving forward. 

The truth is that something has to change or it’s going to get ugly sooner or later… the consequences are too high to not consider something akin to this system. I have traveled the entire planet for a long (long) time and there is definitely some form of unrest being felt globally, it is not localised, it is very real and not imaginary. Nobody seems to be able to quite put their finger on what precisely it is or what is going on... because nobody at all really knows what is going on regardless of whether they think they do or not. 

There's too much fake news, spam, Fud, lies and deceit from social media obscuring the possibility of ever being able to see through all the mud. Only the informed could truly know and no one is ever fully informed; it's impossible to have the mental bandwidth to deal with the amount of knowledge necessary. There is growing evidence that restricted patents and mutually beneficial knowledge is being supressed as standard government practice... this is accomplished by the patent offices and is understandable... to a point, but surely not when it is to the deficit of the entire population? Alas, yes. 

The wealthiest among us are not stupid, they are the most informed and knowledgeable members of our society; this is how many of them became rich in the first place. But if our economic system were to diversify into a new hybrid, time based system, the richest would inevitably have to soak up the monetary losses without reverting to any form of warfare or retribution. The good news is that there’s no requirement to redistribute wealth, strip assets or valuables, revert to revolution, become violent or aggressive… none of it.

All that a time based economy would do is level the playing field; it doesn’t change the game itself. That’s the fundamental and logical reason underpinning why this could actually work if it were constructed with complete infallibility and supplemented by an agreed level of transparency or monitoring to provide security, enforcement and some form of currency authority body.

Nobody loses out in real and immediate terms because nothing personal would be physically lost. Lifestyles will not change imminently, the wealthy would lose little in posession terms and would have time to adapt to a new system… they will still control the majority of knowledge and that is real power.. not money. Common people would finally be furnished with the chance to become what they are and not what somebody else wants, or expects them to be.

To Conclude:

A time based economy is simply a suggested pathway to a better ethos for all of us… hopefully one of peace. With possible destruction becoming seemingly more promminent every day and with the looming possibility of a ‘one world currency’ hanging in the air like a Hail Mary punt towards globalisation [aka World Peace], would it not be worth taking the time to look at your time being used as value. This could be accomplished by implementing an infallible, auditable, transparent banking system consisting of your banked time... making it fair.

The rich get to keep their big houses, lavish lifestyles and fancy cars, without prejudice for the most part, life still goes on but things will change. Time will take care of legacy, it always does... and the intelligent will undoubtedly rise to cease the day. Carpe Diem; this can only lead to the benefit of everybody, regardless of class.
That, Mr. Anderson... is the sound of inevitability.

Peaceful Revolution is Evolution... it’s time to Evolve.




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