Philosophy of Digital Currencies: A Theory of Monetizing Time

Current systems fail the poor, so this book introduces a new way of thinking about how value can be created, captured, measured, and understood economically and financially. It emphasizes the need to revisit models through technological advancements, such as Industrial Revolution 4.0, to solve global issues like economic inclusion and poverty eradication. The book proposes a time-based digital currency that could address these issues by creating a new and inclusive currency model that allows economies to gain more value. It is aimed at futurists, technologists, researchers, policymakers, and anyone curious about how technology could make a difference in our collective futures.

Format: Hardback
Length: 210 pages
Publication date: 23 February 2023
Publisher: Taylor & Francis Ltd

The current financial systems are failing the poor, as they are unable to provide the necessary financial inclusion for basic subsistence and commerce, which in turn hinders micro- and macroeconomic growth. This book introduces a new perspective on how value can be created, captured, measured, and understood economically and financially, within the context of social contracts. It emphasizes the need to revisit these models through technological advancements, particularly the Industrial Revolution 4.0, to address pressing global issues such as economic inclusion and poverty eradication.

The book proposes that for humanity to make the leap forward and for sustainable development to occur, a disruptive approach to value creation using currency systems is necessary. Currencies underpin value exchange, and this disruption will lead to decentralization, facilitating peer-to-peer value exchange and driving financial inclusion. A new, digital social contract should accompany this transformation.

The author asserts that a time-based digital currency could address these issues by creating a new and inclusive currency model that allows economies to gain more value than previously possible. By leveraging 4IR technologies, a currency system can be designed that accurately reflects the context and range of socio-economic factors that influence human interactions.

This book is aimed at futurists, technologists, researchers, policymakers, and anyone interested in how technology can shape our collective futures. It spans a range of subject areas, including economics, finance, philosophy, innovation, and social development, and adopts an interdisciplinary approach. By exploring the potential of time-based digital currency and 4IR technologies, the book offers a roadmap for a more equitable and inclusive financial system that can drive economic growth and promote social well-being for all.

Weight: 580g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032361390