One Time Dollar is equivalent to one hour of work.
Collaboration between individuals is what makes a society.
Maybe you are collaborating a lot with people or maybe you want to but don't have the money to get started. With Time Dollar you can have a negative amount of money in your wallet - and consequently you can begin to collaborate with your friend without any money at all.
The value of all the money is built on trust in those who create and use them. Hence all wallets are visible so you can see what those you are buying from or selling to are working with and what amount they have in their wallets.
Unlike other currencies, the Time Dollar is hard to inflate since the value is time and new dollars can only be created by people turning their own time into dollars.
In a world that seems to be driven by money and material possessions, the idea of a currency that measures time may sound strange to some. However, the concept of Time Dollar is not a new one, and it has been gaining popularity in recent years as people search for alternative ways to create and maintain value within their communities.
The basic principle behind Time Dollar is that one hour of work is equivalent to one Time Dollar. This means that instead of measuring value in terms of money, we measure it in terms of time. By doing this, we can create a system that allows people to collaborate with each other without the need for traditional currency.
Collaboration is at the heart of any successful society, and Time Dollar provides a framework for individuals to work together and create value for each other. With Time Dollar, you can have a negative balance in your wallet, which means you can start collaborating with others without any money at all. This opens up opportunities for people who may not have the resources to start their own businesses or pursue their own projects.
Another unique aspect of Time Dollar is that all wallets are visible. This means that you can see how much Time Dollar someone has in their wallet before you decide to collaborate with them. This creates a sense of transparency and trust within the community, which is crucial for the success of any currency.
One of the biggest advantages of Time Dollar is that it is hard to inflate. Unlike traditional currencies that can be printed at will by central banks, Time Dollar can only be created by individuals turning their own time into dollars. This means that the value of Time Dollar remains stable and is not subject to the whims of government or corporate entities.
The idea of a currency based on time may seem strange at first, but it is actually a very practical and effective way to create value within a community. By measuring value in terms of time, we can create a system that allows people to collaborate and create without the need for traditional currency. This promotes a sense of community and trust, which is essential for any society to thrive.