Author Shirley Henderson AKA Sher February 09, 2019
“More people should look at using smart contracts for recurring payments on a *per-second* basis for subscription services, ongoing donations, dividends, etc. Can set and change a *payment rate* with a single transaction.
Also employee salaries. If you think about it in a modern cybernetic society where the technological tools to manage flows as first-class objects exist there’s no reason for the concept of biweekly or monthly “paydays” to exist.
I recommended @GetGitcoin switch to per-second flows for its grants and CLR matching; would love to see them and others experimenting with things like this.
You think the larger psychological error is that people don’t buy enough big-ticket stuff and need to get their money all at once to help them do so? I actually think the problem is the exact opposite (too easy to blow your big paycheck as soon as you get it)…”- Vitalik Buterin
True and more than likely not paying the bills needed to pay to blow up on some impulse buy and that’s why they get those hard loans, to pay the bills getting more into debt and the vicious cycle never ends even in generations. I still need to hear more about it @VitalikButerin please.
“The reason that I need to hear more about it @VitalikButerin is that if we came up with a new wage system that will adjust the spending needs of people we might be solving the number one of financial problems and that’s unnecessary debt “
I am thinking that a way to back up this new wage system of Fractioning Payment is like pay as you work as in a power meter one must pay what one uses. But one objection could be that it’s set to be summed up monthly just like now a paycheck. So far we are familiarized.
Got it! “The way this new fractioning paycheck could be issue will be by request Meaning employers must give employees an option payment method a. Minute b. Hour c. Week d. Bi Week e. Monthly and time will tell How spending habits may change regarding debt to budget ratio”- Shirley Henderson
There you have it, my name is Shirley Henderson and I want to see you succeed in every area of your lie. i am on the side of human kind. See you guys back.
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Disclamer: This is not a financial advice, this a public communication that could work for the betterment of the world.
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Shirley Henderson sherwork.com
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