We've Lost The Value of Time

I don't think I need to tell you that 2020 has been one crazy year, it seems as if it is the quintessential WTF moment in modern history where all the shit we've been putting to the side for so long comes back to haunt us.

It's like when you had this really sweet partner, and she tolerated all your shit for so long and then one day she lets loose and tells you how she really feels, and you are so unprepared you don't know how to respond.

I've been thinking seriously on how to respond to all that's going on, and I am not sure if others are, or if they think we're going to carry on as business as usual even when we've clearly reached a point where we need to make changes to the way we live, think and treat one another.

At the risk of overusing cliches, there's a reason they exist; we always say "time is money", "time is precious" yet we waste it in more ways than we realise.

The debate on a store of value

As currencies continue to lose value each year, all of us are trying to store our purchasing power in some or other medium, and we constantly debate on where to put it. Should it be Bonds, stocks, precious metals, EFTs, index funds, Bitcoin, altcoins, private equity, commodities, call options and other financial products.

While the debate continues and a lot of our time and energy is focused on this, we don't realise why these things are important to us on a fundamental level.

The reason these financial assets hold any value is because we are trying to capture time. Time is a finite resource for all of us; we don't know how long we are going to be here, so what we are trying to do is capture time and our productivity during that time and turning it into something another person would accept for us to enjoy our time here.

The pot of productivity

You as an individual, contribute to society in various ways, helping one another, providing goods and services, we all put out time and energy into this pot, and we measure it as global GDP. Once all the energy is placed into the pot, some get to take more out of it than others due to the way we take time and transfer it into financial representations of time and effort.

So when we take a finite resource. In human terms, and we divide it with something that has near-infinite numbers, you can see how the flow of time and resources can be distributed unevenly.

Imagine you're a bunch of kids and you all do chores and for each chore, you get candy and then the candy is placed into a big jar. Then we let a few kids decide who gets what candy at the end of the day, and being a kid you want more candy than other kids so if you can you'll find ways to make sure you do.

It's no different for adults, to think we get older and mature and we move away from childish ideals is a lie we tell ourselves. We become fat, grey and wrinkly kids with time.

Inflation is a thief of time

As we moved to an inflationary debt-based economy we bastardised time in ways that are so unnatural and yet we wonder why the byproduct of the world is so unnatural. We have fake foods, fake news, fake medicine and fake inspiration, with the ability to fake value anything else can be faked.

The beauty of time is not only that it is finite but that it cannot be manipulated yet we take this time and productivity and place it into something called money that can be manipulated.

Through inflation, we steal other peoples time; we make them work longer hours, more years because their various time vouchers called fiat is worthless. Through inflation and monetary policy, we steal time from others and give it to those closest to the money printing.

In parts of Europe, they've already made a statement that time has not only no value but a Negative value. How illogical is the idea that saving your time and producing to use at a later stage should cost you, should be taken from you because taking it from you through inflation is not getting the job done fast enough.

Keeping it simple

We need to go back to something that is simple, something that cannot be manipulated, some way we can store our time and productivity in something that not only understands that humans time is precious, but that it compounds over time to continue to rewards the effort of the past that brought us to the future.

We need to realise our time is valuable and insist on being rewarded in something that represents that not only in the short term but medium and long term too.

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."

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