Take a minute and imagine the world without money...
Just think about it for a while.
What the f*!k you might think. How would we be able to buy stuff? How would our work be compensated? What is the point of work anyhow? How would you trade between different parties? Where do we tie the value of something? Our view of literally everything just got flipped around. 180 degree turn. Bam, just like that. Some of us need to re-adjust their values. Some of us might feel empty, some of us might feel relief. Would we achieve peace or would we end up in a world war? All of these questions need to be thoroughly examined on an individual, organizational, national and even global level. It would really put our planet in a chaos for a moment or two. But it could really be worth it.
Whats the price of unlimited everything?
To be honest, we are moving closer and closer towards a planet were things are getting more and more affordable. Our metrics for global economic growth are extremely outdated anyhow. Have we put value for unlimited music, movies, GPS, search? Even every bit of information is free. What's more valuable than that. No need to pass an exam to attend an university. You can do it from your sofa for free. No debt, no nothing. Knowledge is FREE. Could that be sign of global development? Definitely. Could that be a sign of a moneyless forthcoming? Possibly.
As a corrective definition; moneyless future means that money as it currently is would be transformed to time. Yes seconds, minutes and hours. We all have about 38 million minutes to spend. Spend them wisely.
World without money?!
Although a moneyless future seems ridiculous for the most of us, it really isn't. When you think of life as a journey, as an opportunity for vast amount of unique experiences, great moments, terrible moments, joy, happiness, sadness, pain and love, it always starts with the same way and it always ends the same way. You are born, you live, you die. Its that simple. But what happens in the middle is really what matters. Nothing else.
Time as an asset?
All of us breathe, most of us go with the flow, but then there is this small group of people who actually live. Why is it so hard to live? Distractions from your family, peers, teachers, and colleagues get in your head. You are told to live a certain way, so you can earn a living, buy a Volvo and a house and have a yearly vacation in the Canary Islands. Most of us do this, because we need the money to live. And that makes perfect sense. We need to do work, so we can buy food and if we work very well we can buy designer clothes, watches and yachts. But do we actually need the extra stuff in order to be happy? In order to live? To put it more accurately, what do you actually buy with money? Or what do you want in exchange for the dollars? Even though it sounds peculiar, we buy time. We want a vacation from work, maybe a cleaner in change for free time with our family. Theres always space for some extra time, because time is limited, numbers in your bank account are not. At the end of the day, we all have the same amount of time, in general. And when that time is coming near to its end, most of us hope we would still have a couple of days to spend with our family. Even a few hours. Maybe just two minutes. Time has always been the most valuable asset. Why not use it as an asset?
What motivates us?
The motivation for doing work comes from a wrong place. It comes from a necessity to do something in order to survive. Work motivation should come from an internal source. It should be something you are really passionate about. Something where you can express yourself. Something that defines you as you are. Ultimately, your work is you. This rarely happens when the compensation is in cash or Bitcoin. Usually you work in order to take time off, enjoy a vacation or so. The more you earn, the more you can do stuff. If you have the time that is. The problem is that most of us don't know what we actually want to do with the money until we are 50, 60, or 80. And the most of us don't have the time do the cool stuff until we're pensioners.
I challenge you to think of a situation where you are in the deathbed and you are asked to say the top three things which made you happy and one thing you would want to have more. I doubt, the fancy car or pair of shoes made the cut. Neither would you answer to the wish; cash or more cars. You would probably answer time. You never have that enough. Lets imagine the value of time. Would you be willing to receive $10 million in the exchange of 50 years of your life? I doubt it. Would you trade $10 dollars in order to spend an extra ten minutes with your passed away relative? Most likely yes. From here we can conclude the tangible value of time. It differs from a guy to guy and a girl to girl, but we could form a ballpark somewhere between the extremes. Follow-on in the next paragraph...
The value of time
Lets a define a metric for a time based currency. To make things simple, lets say that 1 minute equals $1 dollar, and you have approximately 38 million minutes (73 years) in your life. You are pretty well of as you start with time worth of $38 million today, so don't screw it up. How would you spend it? It turns pretty interesting. Would you buy a new sports car with 5 years? Maybe. What about a yacht for 20 years? Maybe not. Would you travel with your family around the world for 1 year? Probably. What about an ice cream for 30 seconds? Hey, life is too short to skip ice cream.
When we turn the incentive upside down, we start to realize the importance of the "small things" we currently are blind to. We start to literally see our time on earth. When you start with everything, you acknowledge that you have everything to lose. It could sound depressing at first, but I believe it shifts our mentality towards the right direction; Experiences versus stuff, kindness versus animosity. How did you spend your life? What did you respect? Was it material or was it something more?
The result of a life without money?
If everything depended on your moral standards and your behavior, how would you be doing in life? Would you focus more on the people next to you? Would you treat them better?
It would be interesting to see a simulation of a life without money. Would we treat the cleaner similarly as the "successful" business man? What values would we look for in life? I would want to see a world where we are impressed by humility, generosity, integrity, and kindness instead of money, followers, degrees, and titles. Would this be possible if time was our currency? Or would it end up to be a similar driver as money currently is? Maybe the term and meaning of money should be redefined...
What even is time?
All in all, time as an actual asset would be an interesting phenomena. We are in a constant fight against time. We grow so fast, we're always busy and suddenly we are too old to anything. Where can we get more time? Is time the new oil? But then again we should ask ourselves; Does time even exist?