Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. The entrepreneur and economist Octavian Bădescu launches the...

The entrepreneur and economist Octavian Bădescu launches the "Banca de Minute" social project

November 30, 2023

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

Read in full - click here
Seven former US ambassadors to Romania warn against dangers of a “pro-Putin president”

Seven former United States ambassadors to Romania signed a joint letter one week before the second round of the presidential elections on May 18, warning of the dangers posed by a pro-Putin president, G4media.ro...

Romania wins eight medals at Under-21 European Table Tennis Championships in Bratislava

Romania won eight medals, namely two gold, two silver, and four bronze, at the Under-21 European Table Tennis Championships in Bratislava, Slovakia. Eduard Ionescu and Darius Movileanu won gold in the men's doubles, after defeating the pair Andre Bertelsmeier (Germany) / Tiago Abiodun (Portugal) in the final with a score of 3-1. The win came […]

Bog’Art to develop EUR 20 mln boutique residential complex in downtown Bucharest

Bog’Art Residential, part of the Bog’Art Group, a developer of premium residential properties in Central and Northern Bucharest, acquired a plot of land in an ultra-central area of Bucharest and formed a strategic joint venture with a Spanish investor for the development of a boutique residential complex valued at about EUR 20 million.  The project […]

One United Properties posts a consolidated turnover of EUR 70.7 mln and a gross profit of EUR 22.6 mln in Q1 2025

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of EUR 70.7 mln in Q1 2025 and a gross profit of EUR 22.6 mln, while the net profit for the three months stood at EUR 19.3 mln. “The first quarter of 2025 unfolded in a […]

Romanian team secures seven medals at Asian Physics Olympiad 2025

The Romanian team participating in the 2025 Asian Physics Olympiad, held in Saudi Arabia, achieved the remarkable performance of winning seven medals, namely two gold, two silver, and three bronze medals, as well as an honorable mention. The competition, now in its 25th edition, was held in Dhahran, in the Kingdom of Saudi Arabia, with […]

Romania’s interim president Ilie Bolojan announces support for Nicușor Dan in presidential runoff

Interim president Ilie Bolojan said on Monday, May 12, that he would vote for independent candidate Nicușor Dan in the second round of Romania’s presidential election. Dan, the current mayor of Bucharest, runs against George Simion, the leader of the far-right party AUR, in the election scheduled for May 18. In an interview with