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".
The information provided by KomuniK
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
