Who is the master time keeper on a Time-Based Compensation System?
I don't think a master time keeper would be a god idea, necessary or efficient.
It all depends on how the system is designed, but this would require tons of brainstorming and developing, and as you said before, these concepts are far to intricate to express on Facebook, but its what we have for now, so here it goes.
In my opinion, there are 2 options to consider, Centralized or De-centralized. Either option would work out, but the de-centralized option would probably be more popular considering the current state of our society.
A Centralized version however would work in many ways like current banking systems. You have your hour savings accounts within a banking institution and banks would invest time on large scale transactions, since time needs to be exchangeable between different currencies in order to maintain compatibility and allow a gradual transition.
De-Centralized would mean each person and corporation keeps track of the hours worked, but there still needs to be some type of online infrastructure that allows people to access their profile and accumulate those hours.
On both cases auditing organizations, much like the ones that exist today may be required because obviously, like in any system, people will try to take advantage of it or cheat. So all these things need to be part of a secure system that features transparent compensation rules and makes it simple to calculate hourly multipliers.
------- Edit (2019)
However, a Blockchain system is probably the best alternative to provide a transparent record of transactions without the need for auditing as it is used in the current monetary system.
At the same time, Machine learning could be used to assist on the automated monitoring of attempted hacking or abuse to the system.
The time keeper is simply a necessary process in order to measure the different type of actions taken by users, so that it can be properly compensated through the point and reward system.
Time is just one of the variables to consider in such a system though.
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------- Edit (2019)
However, a Blockchain system is probably the best alternative to provide a transparent record of transactions without the need for auditing as it is used in the current monetary system.
At the same time, Machine learning could be used to assist on the automated monitoring of attempted hacking or abuse to the system.
The time keeper is simply a necessary process in order to measure the different type of actions taken by users, so that it can be properly compensated through the point and reward system.
Time is just one of the variables to consider in such a system though.
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