BCH Minimum Wage
Following the previous article about
BCH Actualizing BitcoinCash Valuation
the question becomes:
What is the minimum value of BCH ?
How much BCH do we offer or require for services,
regardless of any other consideration ?
For complicated services this becomes
a complicated question requiring complicated answers.
But for Billions of 'Jack and Jill Sixpack':
regardless of
+ who people think they are
+ where in the world they live
+ how old they are alleged to be
+ or any other irrelevant circumstantial consideration.
this question has a fundamental value which
no one can argue against:
How much BCH do they want for services ?
It is merely a matter of market and consent.
All that is necessary to stay busy is to offer
services and/or goods at a competitive price.
"Price discovery" using BCH as the price is what we need.
How do we measure 'value' ?
Time.
Just in case that link does not work,
this one should:
https://archive.fo/sMxv0
"Once you start thinking about time as the currency,
it becomes easier to see
which companies will succeed and which will fail."
We could rephrase that into a success story:
Once you observe coins valued by markets as time,
it becomes obvious
which coins have true value, and which coins are fake.
There is nothing more valuable in this universe than time.
So,
we can use simple math and define value according
to the ancient modern standard of one hour.
("Seconds" might seem more logical than hours
but are impractical for simple markets - which are the largest.)
Then the question becomes easy enough that a child can ask:
How much BCH will you work one hour for ?
This defines your minimum BCH wage.
If your minimum BCH wage is competitive then you will be busy.
If your minimum BCH wage is greedy then you may starve.
Somewhere between those two points is
the market value of BCH priced in time.
It is precisely that simple.
You may then ask:
What is the point ?
The answer is:
Regardless of
who you are,
where you live,
or almost any other metric:
There are jobs for you,
depending on how much BCH you charge per hour.
How much BCH will you charge for one hour of your time ?
You can reply here,
but you may also want to consider
posting an article of your own
offering your minimum BCH wage.
In your own article you have the room to express
what you can offer in a way that may attract proposals.
Why BCH ?
It is truly p2p with no banksters or other con artists involved.
Any other coin I know of
has back-room 'wizards' hidden behind curtains,
ready to intercept transactions based on '"official" intentions',
or other fictions like AML or KYC scams.
Neither SWIFT nor PayPal can interdict your BCH payment.
Payments in BCH can go,
unstoppably,
from client to you
...unlike almost any other kind of payment system on the planet.
PostScript:
At a paltry 0.1 BCH per hour "minimum wage"
you could earn almost one BCH per day.
Imagine what this would mean in terms of
coin "velocity" of BCH
"time wealth" - How many hours saved have you ?
BCH "MarketCap" measured in hours
and other questions many have never considered...
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