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I've always found this concept interesting, and more generally the idea of community-based currencies. Time-based currency has a history [1] of attempted implem
by antasvara 6y ago
I've always found this concept interesting, and more generally the idea of community-based currencies. Time-based currency has a history [1] of attempted implementations, many of which don't leverage the community aspect here.
A large part of why I find these ideas interesting is related to the legal system used by the Romani [2],where failure to comply with the rules set forward results in exile. Because of their reliance on community, members are incentivized to follow the rules because exile would be incredibly detrimental to an individual's livelihood. I feel as though time credits work on a similar principle: that your efforts will be recognized in your community, but a lack of good faith will result in those time credits being worthless.
[1] https://en.m.wikipedia.org/wiki/Time-based_currency https://en.m.wikipedia.org/wiki/Time-based_currency
[2] https://slatestarcodex.com/2017/11/13/book-review-legal-systems-very-different-from-ours/ https://slatestarcodex.com/2017/11/13/book-review-legal-syst...