Time is Money… and Energy

My self determined wealth theory in the age of innovation.

Modern money IS the root of all evil. Columbus was looking for a short cut amongst the established trade routes because TIME is. MONEY. This endless pursuit of More for Less is the source of violence, crime, war.

What if you were in control of the value placed on your money?

Money represents labor, the amount of time and energy a person contributed to produce something. If that representation of the time and energy you expended was digitized and coded as uniquely yours it would be useless to someone else. Money or anything acquired with your money would have your code, stealing would become pointless.

An economy where each unit of money is backed by energy that was contributed could not survive without that energy, the incentive to produce more energy is built into the system, anything external, not derived from energy would be worthless. A free market where price is determined by demand and the unit of exchange was contributed energy would be the purest, truest economy. Innovation in production would maximize use of time and resources, would create an abundant supply and reduce prices. Demand for everyday items would flatten. Luxury items. in demand would require more energy, that incentive would drive more innovation to be created, the more innovation the cheaper the everyday items allocating for more Luxury items to be produced. Over time the only factor defining wealth would be the amount of energy one contributes.