2024-03-22, there were 38728 txs on BCH chain, 305998 txs on BTC. BCH tx dominance=BCH/BTC=12.7% 1839837-1838283=1554 memo txs, 📈132%(compared w/ prev 670), account for 4.0% of all BCH txs
kind of take your advice here, and judge the credibility of something based on experience. I judge your payment-system not to be credible based on our conversation.
OK, I think this is the time for me to stop. I find the problems I bring up to make your setup into a mess, one which I would not like, and you don't seem to care. I suppose I should
kind of take your advice here, and judge the credibility of something based on experience. I judge your payment-system not to be credible based on our conversation.
I have for years understood that.
It is ideal until people need food, fuel, and shelter.
When a loaf of bread, pack of tobacco, and bottle of whiskey is worth more than a gram of gold.
Yea, but it *still works as a measuring rod*. If you need to pay a bar of gold for a loaf of bread, fine, then maybe 2 bars for really good bread. *Now we know the difference in cost*.
For man-hours, I would have to know the reliability of each worker in order to decide gold exchange-rate. It's better to call those "contracts", and have trained economists trade them
For man-hours, anyone would already know the credibility of whoever inked the note. It has zero relevance to the issuers muscle or skill or time. It is all about his credibility.
Such things btw has been tried in history. If you tie value to i.e. potatoes, then people will start growing potatoes that are barely edible, cause they are cheaper to grow.
"Such things btw has been tried in history." ...by predators running government scams. It is a also a tradition with some religious communities, but it fails within cults.
So now you have the problem of deciding the attendance-time value of each person, cause it really does vary. Very useful people do have higher attendance value than slobs.
Very useful people do not barter their own time - they prefer to barter other people's time.
What I think you don't get is that something like gold, which cannot reasonably be considered to lose value, and has real value, is ideal. This is a very useful property for money.
I have for years understood that. It is ideal until people need food, fuel, and shelter. When a loaf of bread, pack of tobacco, and bottle of whiskey is worth more than a gram of gold.
I already imported, but my queation is, here in memo my fund is 280k plus sats while in bitcoin.com wallet it goes down it is 271k plus sats, what hapen?
The difference is that SLP tokens cannot be read by the bitcoin.com wallet. For that you need a different wallet. An old version of Electron Cash could, but they abandoned that.
One ounce of gold of purity x replaces another similar ounce, and when you got it in your hand you got it in your hand. Workhours depends a lot on who works, and so on.
I mentioned earlier, an "1 Hour" voucher will probably evolve to not be a work hour. It is just intended to be a valuation of someone being present. This has another usage: security.
works well in the real world (except perhaps in very small communities). If it doesn't, the ones pushing it cannot be perfect philosophers, and may send you down a wrong track.
I specialize in discovering all the ways of being wrong at least once a day, according to family. 😉
I mean, some of them may be away when he visits or whatever, this can take a lot of time to sort out. Compare that with getting a stack of cash in his hand, and being on his way home.
Those notes are exactly that - a "a stack of cash in hand" when they are from individuals who have proven themselves with a previous history. There will be lists of names to trust.
And the lowest common denominator of Time is attendance.
That is, not performing work of any sort but simply escorting people for a period of time.
That can be an asset of some Value.
In the same way the market discovers a Value on the price of anything, populations can be expected to 'discover' a Value on attendance. This would be exciting fun to observe.
I originally thought to peg Value to cryptocurrency,
but if the internet goes away that possibility vanishes.
The lowest common denominator available to anyone anywhere is Time.
And the lowest common denominator of Time is attendance. That is, not performing work of any sort but simply escorting people for a period of time. That can be an asset of some Value.
having to know what all these things are worth, and how good quality goods he can get from this particular note-promise-giver. Then he has to calculate the overall value.
I originally thought to peg Value to cryptocurrency, but if the internet goes away that possibility vanishes. The lowest common denominator available to anyone anywhere is Time.
... in which case the issuer will negotiate for equivalent trade for that Value.
The concept is about trading negotiated Values rather than bartering for a specific item or service.
So a peasant from quite far away is in town to sell his cow. It is worth ~100 hours of work. The buyer has 25 notes of 1 hour work, 1 promise of a painting, 15 goat pelts, ... .
2024-03-20, there were 71217 txs on BCH chain, 298670 txs on BTC. BCH tx dominance=BCH/BTC=23.8% 1837613-1837292=321 memo txs, 📉2.4%(compared w/ prev 329), account for 45.1‱ of all BCH txs
2024-03-18, there were 36829 txs on BCH chain, 433152 txs on BTC. BCH tx dominance=BCH/BTC=8.5% 1836963-1836518=445 memo txs, 📉12.1%(compared w/ prev 506), account for 1.2% of all BCH txs
2024-03-19, there were 163503 txs on BCH chain, 446127 txs on BTC. BCH tx dominance=BCH/BTC=36.6% 1837292-1836963=329 memo txs, 📉26.1%(compared w/ prev 445), account for 20.1‱ of all BCH txs