Time banking and time-based currencies?

eg Ithaca HOURS and new blockchain-based attempts such as chronobank.io. The idea being that individuals assign tokens to their labor time and buy/sell those tokens from each other for hours worked. My feeling is that they have well-meaning intentions, though even a decentralized labor token will ultimately result in individuals competing for scraps and thus working longer hours to generate a sustainable income. Thoughts?

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  • Nathan Waters
    published this page in Ask Prof. Wolff 2017-01-12 23:50:20 -0500