The "Minutes Bank" is based on the idea that "time" - unlike currency, cannot be manipulated. It is a finite and non-renewable resource. The only inflation can be time inflation, which, however, has coverage in production. Time is our property, we dispose of it as we want and determine its value ourselves.
The digital social project "Banca de Minute" (www.bancademinute.ro) is an initiative with international exposure (www.minutesbank.com). It consists of a site that permanently counts the time of those who create an account, but its functionalities allow users to transfer numbers between themselves (without commissions), representing equal units of time - minutes.
The Minutes Bank illustrates a monetary and banking system that introduces - through the "monetary representation of time" - a possible currency, called the "convertible minute".
The site presents the benefits of such a "currency", which no one can "sell", because the "producer" can only be "man" - the only generator of monetary mass, by his very existence.
We don't ask for lei, euros or gold to give people the opportunity to use what they already have.
Many of the world's problems today—rising prices, wars, and inequity—are generated by monetary disorder, which is not produced by ordinary people.
Octavian Bădescu is an economist with over 20 years of managerial and entrepreneurial experience and with a significant presence in the public space.
Graduate of ASE and SNSPA, entrepreneur in the service sector and investor, with a preponderance in the real estate field, Octavian Bădescu currently carries out consulting activities, especially real estate, operating under the brand of his company - "Freedom Group".
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