[Thermal]

You feel as though time is a commodity. It's not. Time (measured in hours of human labor) has value differentiation. Massive levels of value differentiation. A worker in Wisconsin will be paid $7.25 for a single unit of time (measured in hours of human labor). Meanwhile, a poker pro could be paid $64,000 for his unit of time. People who partook in this exercise of... lets call it "coinbanking"... were reimbursed for their time equal to the exchange rate of $1000.00/(hours of time spent by the winning team). You come into this thread and post up massive arguments essentially saying that the exchange rate was much too low (2.8x lower than it should be) and that people who partook in this exercise should of simply done something else for equivalent time, received a higher exchange rate for their product (hours of human labor), and then traded the exchanged good (currency backed by the United States government) to the team. And only if they done this would "society" be prosperous and much better off!

Now, the flaw in that argument is that you guarantee that a person would be able to very simply, find something/somebody to exchange their resource (hours of human labor) into currency at a rate higher than this website, using equivalent units of time. If that was the case, everyone on this planet would be trillionaires. Nobody would be jobless, everyone would be rich, and this planet would massively prosperous selling a non-tangible commodity. I'm really quite unsure why you can so readily accept the fact that time can be exchanged at a rate higher than the minimum hourly wage of a Wisconsin worker, but cannot in turn be exchanged at a rate lower than that (and still see benefits to "society")

Unfortunately, the world doesn't work in a way where I can just walk down to the Time Exchange Office and turn in some hours for American Dollars. Society(a term you so readily throw around, and I still don't know what you mean by it) does not work this way.


Disclaimer: I'm not an economist, i'm not taking classes in economics, this post is opinionated, even in cases where I present things as fact. (trustatus: The factyness of these facts could quite easily be debated, and if your recent posts are to be used as examples, i'm sure they will be)