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The Social Currency: Time

by Dan Robles on August 3, 2010

Thousands of social currencies are emerging as people lose confidence in the ability of the dollar to store value.  At the end of the day, a currency is a social agreement.  People need to agree that whatever they use for the storage and exchange of value accurately represents their productivity – otherwise they will not work for it.

Of course this is much easier said than done.  Alternate currency advocates continue to stumble across substantial structural issue is defining their currency;  It must be scarce, it must be difficult to forge, debase, or counterfeit and it must be accepted by everyone.

The only thing that fits all of those criteria is ‘Time’

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