The KRONOS project is based on an increasing recognition that the financial system which governs our societies today no longer corresponds to our human and social realities. It has generated a crisis which continues to spread and which affects, with increasing speed, the majority of us. This affects us individually and collectively and reaches our states and nations. Under the sacrosanct principles of growth, borrowing and debt repayment over several decades, we find ourselves prisoners of the banking system and of its devious effects it has on our way of living and understanding the world.
Keeping the principle of a universal currency that remains an effective means to exchange goods and services, the Kronos project attempts to provide a response by modifying the exchange paradigm: Instead of basing the currency on inflation or deflation of an artificial value, it would be certainly more appropriate to substitute this value with the one which controls/governs these exchanges: human time.
This ‘human time’, which means the time spent to do or transfer/pass on something, should be the fundamental value, legitimate and universal.
The Kronos project therefore proposes the creation of a currency whose index is based on human time. Thus, a unit of that currency, one Kronos, corresponds to one hour spent on an activity by a person or a group of people.
This project would be feasible within the framework of a technical system that has the capacity to bypass the main intermediaries, i.e. the banking institutions.
Given its capacity to be global and universal, the internet is now the ideal place for the operating environment of Kronos. In fact, the latest technologies introduced by the Bitcoin currency and blockchain make it possible to imagine a completely decentralised and secure exchange system.
So, this oncoming/imminent revolution, which is bypassing the intermediaries and advocates collaborative exchange; this revolution which is altering the mediation arrangements and repositions human value amongst citizens; one that changes the production cycles and introduces a real understanding (in accordance with) of the planet’s resources and the needs of its inhabitants. This revolution needs to find an exchange unit which is fair, equitable, holistic and can build trust: the Kronos currency.
The project has a number of different aspects:
Defining the currency
Reflecting on the implications, limitations and problems
Identifying the mechanisms to be used
Defining the information technologies that enable its implementation
Defining the methods of governance
Determining/Defining the developments in the short, medium and long term
THE KRONOS CURRENCY
EXCHANGE IS BASED ON HUMAN TIME
1 KRONOS = 1 HOUR
A CURRENCY OF THE PEER TO PEER INTERNET
TRUSTABLE & SECURE NETWORK
UNIVERSAL INCOME BY SHARING DIVIDEND MECHANISM
INCOME ON REAL TIME WORK
VIRTUOUS CIRCLE OF PRODUCTION AND DISTRIBUTION
WITHOUT INTERMEDIARY BANK
A CURRENCY NOT INDEXED ON OTHER CURRENCIES
THE KRONOS brings into question the concept of work and its monetary equivalent by replacing the human activity and temporal equity.
THE KRONOS is indexed on human time, in that it is completely egalitarian and prevent speculation.
THE KRONOS challenges the notion of property (assets) and replace it with the notion of objects using value.
THE KRONOS creates virtuous circles of human activity.
THE KRONOS replaces the notion of social class by the notion of creators and users class.
THE KRONOS establishes an equivalence between all activities, enabling unprecedented passages being impossible with paper money.
THE KRONOS works via the Internet and Blockchain system.
THE KRONOS is a linear time currency.
THE KRONOS raises the question of sustainability of the acquisition costs of an object.
THE KRONOS pushes to redefine the value of an object wedging on the hourly amount of work done to create it by one or a number of people.
THE KRONOS is placed in a logic of common goods.
SINGLE ACCOUNT ON THE INTERNET
MONTHLY LIMIT 16 HOURS X 31 DAYS = 496 KRONOS / MONTH MAX
REPAYMENT OF CAPITAL GAINS ON GLOBAL ACCOUNT
ASSOCIATED ACCOUNT FOR A GROUP OF PERSONS OR ACTIVITY
SHARE CAPITAL GAINS FOR SAVINGS / INVESTMENT AND FOR REPAYMENT ON GLOBAL ACCOUNT
PART OF CAPITAL GAINS REVERSE IN UNIVERSAL INCOME
FINANCING OF PUBLIC AREAS: EDUCATION / HEALTH …
Management of financial transactions
Management of Kronos accounts
Application for smartphone/connected objects
Connected objects with blockchain techno
Display real-time accounts
Peer to peer Credit/Debit transactions
Turn the world upside down
What would be an artistic act committed to a model that proceeds from reflection to dissemination and that, from a global view on human activities, cannot do without questions of ecology, ethics and economic models that are "different to the existing ones"?
Ultimately, it is about redefining the position of the creator, here and now and urgently.
My work uses the tremendous capacity of the internet to bypass existing patterns of power, whether related to creation, production or distribution. These new models created by the network are spread to different activities that contribute to the creation of a new concept of what is community and even the re-definition of what today would be the concept of information and information flow.
From open source software to connected and self-managed communities (included alternative currencies, exchange of goods, practices and knowledge, DIY, fablab, redistribution of knowledge, etc.), the network spreads these ideas much further and deeper in society than the traditional political parties can do.
Because it comes from the inside, and it spreads through micro collectives groups and communities in an inter-generational fashion; because it does not spread any longer via the traditional means of distribution, it exceeds the notion of social class and the concept of work. Contemporary activism is the significant driver of these changes.
This activism takes activity into account rather than work; the sharing of multidisciplinary knowledge rather than hierarchical learning; and distinguishes local and global awareness rather than consumption and Pavlovian consumerism.
Here, the artist, as a citizen like any other, receives, acts and transforms, offers and disseminates; the artist has 6 months in advance, which is not a lot! And that must motivate us to act urgently to address this situation.
How can artists act, once this observation is made, to change to their own activity some segments of this great societal aberration inherited from the economic and industrial model of the twentieth century?
For it seems that both worlds live in one another, from one end to the other of the planet and that the ancient world marks its near end: The end of established powers/authorities and the end of life models which deny us more and more despite the growing physical and intellectual poverty that these models attempt to shape and to disseminate under the guise of technological innovation.
This observation made and felt by everyone (insecurity, disease, violence, despair, powerlessness to act), how can these new ideas spread among artists in their work and in their ability to "turn" the world?
Very pragmatically, I personally believe very much in the invention of network tools that use existing technologies.
That's why I created in 1998 the first webtv on contemporary art made from A to Z by artists: TV_ART ; In 2000, the first portal of free web TV - TELEWEB - thus bypassing conventional production and distribution systems. In 2008, I proposed the project DOTRED & a humanitarian video game & in 2015, a community platform for artist residencies in private homes HOSTANARTIST
The KRONOS project is one of those proposals, a "realistic utopia" which, I hope, will resonate with you.
We therefore, need to act in two stages: consider the implications of the establishment of a time currency and set up a device which allows us to create and initiate the use of this currency
This project is a collaborative project whose principles are based on the exchange and transmission.
In this sense, it belongs to everyone.
The aim is to bring together people of good will that can be involved in its development : specialists in topics that affect the project, theorists, engineers, hackers, translators, graphic designers, ... and above all, each person feels concerned by the issues and who wants to think about new models in our society.
We are looking for some persons or institutions in différents fields to make the project a reality :