[gorgoiler]

The mining process for money used to be digging $Symbol out the ground: gold, silver, oil.

Towards the end of the last millennium we ditched that standard and let central banks juggle the pools from which money is derived.

I always liked how Bitcoin went back to the mining principle: a scarce resource that is hard to produce being used as an intermediary for the exchange of goods.

The ultimate reduction of this, for me, is to base mining purely off of time. Every citizen is given a certain number of tokens per day — the same for everyone — because in the end, time is all we have in the mortal world.

I don’t know how to square that off with cryptocurrency in its current form (the rich get richer — those with lots of electricity run the mines.) Maybe there’s a future for my proof of life coin?

It’s abstract, but the usefulness in the current cryptocurrency whirl is in making me even think this might be possible. If Bitcoin is Perl 4, then what instruments will be the equivalent of Go?