I watched a movie a long time ago. At that time, I felt that the setting of this dick was accompanied by the old-fashioned plot of male and female robbers, robbery of the rich and the poor. I always felt that something was wrong, but after not thinking about it, I laughed, and I think about it today. When time does not meet the conditions of being currency, this atypical and bad film flooded in memory, and the interest has greatly increased. Then let's talk about whether time can become a universal high-quality currency, and a little thinking about the time-based currency society.
The first thing to consider is whether time has value as a limited and natural production factor like gold, or is a currency that is monopolized by institutions or the state and controlled its issuance to have exchange value like paper money. If it is the latter, then our discussion is over here, because as humble carbon-based beings, we simply cannot get a glimpse of the existence of races with immortal technology, and their social operations are beyond the scope of our inference.
Then let's think about what happens when time is a limited natural production material like gold and can be exchanged. The setting is roughly based on the movie. Everyone brings a watch when they are born, and when they reach the age of twenty, it will be in the watch. The storage time begins to elapse, but the physiological age is fixed at the age of twenty, and it will never change when we consume enough nutrients to maintain life activities, which means that as long as there is a balance in the time in the table and eat Drinking and warming the human body is always youthful.
However, there are still some improvements to be made in the setting. If the time account balance of the watch is publicly displayed like a movie and the transfer does not require a password, it is equivalent to a bank card showing the balance and password on the face. In any case, it is difficult to stop. People feel bad, so we added to this watch the setting of hiding the account balance and the password required for transfer transactions, so that time is more likely to be exchanged as currency in the free market. And the initial time balance is only one year too stingy, let's change it to two hundred years, so that there is enough room for exchange. Then the time as currency is officially launched after the improvement, let us see if we can give birth to a millionaire like in the play.
First of all, for a actor, value means being in a higher position in the actor’s preference ranking, but for the actor, value has a marginal effect, just as oxygen is essential to human survival. , But I don’t think that a tank of oxygen is valuable to me who has almost infinite oxygen for a human individual at this moment. It is almost at the bottom of my current preference ranking, but I If you are diving in the deep sea and your life is dying when the oxygen tank is exhausted, then I am almost willing to use the ten-year life to exchange for a tank of oxygen, if I still have a ten-year balance. So obviously time has exchange value. If there is a viable exchange channel, and the diminishing marginal effect of it should lag far behind other resources. Even if I have a lifespan of a thousand years, I still want more. And the value sequence is far ahead. But can time be a competent currency? After all, not every valuable natural resource has the ability to become a premium currency.
The emergence of currency will inevitably be accompanied by the phenomenon of interest rates, because each of us has a time preference, that is, for me at this moment, the sequence of one hundred dollars is higher than one hundred dollars a year later, so we will There are interest rates, and the one-year regular interest rate is the discount of one hundred dollars a year later to the current one hundred dollars. Without this discount, I would not lend out the one hundred dollars I have at this moment. Don’t refute me with wine or antiques. A new bottle of wine at this moment and a bottle of newly produced wine ten years later I will give you a bottle of new wine. This is the corresponding amount. The current bottle of ten-year-old wine And ten years later, a bottle of ten-year-old wine is another pair of corresponding amounts.
Time as currency has the issue of supply. The most critical element of a capitalist society is the inviolability of private property. This is the basis of social cooperation and the reason for previous improvements. Time will pass by. As a necessity, its passing means that the demand for it increases with time. So time is constantly rising in value when the supply is extremely low. A high-quality currency needs a stable value sequence, even if the value sequence trend declines. It can be counted as not too bad currency, but the time when the value steadily rises as currency is to eliminate consumption behavior. Everyone is saving, then the interest rate will be 0 or even negative, which means you will even have to pay a certain amount. In this way, it can be concluded that the natural attribute of time as currency is deflation.
In this case, time becomes a necessary currency with extremely low supply and extremely high value, and it is more logical to develop into a commercial society that uses metal or paper currency to replace each other like us. Then the problem now is in business. Should people with great achievements live longer? Let me make it clear that I agree.
Of course, this is under the premise that private property is inviolable. In another case, the supply of time may be increased, that is, captive humans. The captive humans will be maimed after they are born. After the breeding is mature, the organization will mate and reproduce the next generation. At the same time, they will be selected. Those with strong reproductive ability and low resistance or even deformity will become breeders and continue to reproduce. The rest will be forcibly extracted for time until the balance is zero, then the time will continue. The supply of is feasible, and it is possible to become a high-quality currency at that time. As a brain hole, it is also very useful and can be very brilliant. This is also my expectation for the screenwriter. It is a pity that this setting was disappointed.
View more about In Time reviews
