Your Time Bank experimente at learning society un-conference

LSUC 2018 is all about joy, love, friends and celebration. It's about new learning, new friends, new thinking and many more, but LSUC 2019 for me is more about experiment, enlightenment and excitement. Since last 10 years I am working on alternative economics.  I want to find out the alternative economic system for human welfare and happiness. Which cannot think in term of bread and butter only, but it also takes into consideration human feeling, values, desire and passion in life. For that I developed my own economic theory, concept and ideology known as 'TUROECOLOGY'.  LSUC play a vital role in shaping my economic tool for the betterment of society. This year YT (Your Time) TUC (The Un-conference currency)experiment on alternative currency and time banking open up new door of possibility. Thank you LSUC. I already did Experiment with alternative currency and time banking with our college youth.  All of these were my students so it was natural that the chances of success would increase, but the experience at LSUC was very different.  So far this was only a three hour game but in lsuc the experiment was to run for six days. Your Time Bank is a part of "turoecology" so most people had to have sufficient YT, but in the end it was a question of what to do with YT in circulation.  Discussed this in detail with Manishbhaiya and finally Manishbhaiya came up with the idea of ​​auction.  Apart from this, there were other challenges such as creating a market for alternative currencies.  It was also to be seen that more YT would come into circulation and many more.  If I talk about the experiment, more than 300 people offered the service or product.  The LSUC fair was also organized in which it was a great pleasure that a lot of people were using yt currency.  I believe that our current economy is not bad but outdated and needs to change.  Many people who were part of this experiment also realised this and hoped that it could be changed through YT.  The fun of the auction on the last day was something different.  It was a privilege to see Manishbhaiya auctioning.  Most of the YT that was in circulation was recovered through auction. I had done the experiment before but after experimenting in lsuc I gained defferent kind of confidence and then successfully did the experiment in many schools, colleges and institutions, but the fun that was in lsuc and the response that was in lsuc is hard to find anywhere else.  Below is a complete outline of how the whole experiment was done and how you can do this in our organization as well. For more information you can contact me via email - dhrudipthakkar@gmail.comand also through social media just type Dhrudip Thakkar

Thank you so much Manishbhaiya. I am immensely delighted to get in touch with a humble, soft spoken, enthusiastic and down-to-earth person like you. Further, I heartily congratulate entire team @ LSUC for taking much personal interest, pain and efforts for regularly organizing such value-adding, enriching and forward looking initiative The Learning Societies UnConference for facilitating overall development of the learner's fraternity.

YOUR TIME BANK

The Time Currency Experiment.

Collect your 1 YT (your time) Now!

Offer a service or product and you will earn another 11 YT

Accept the service or product and you will earn 29 YT more

Once you earn 41 YT bank will contribute 59 YT. You can participate in auction and YT Mela. 

How to run Experiment ? 

Prepare paper currency of 1 YT,  11 YT, 29 YT and 59 YT (We believe that every person should work for 6 hours every day 5 days a week, according to this, 2 days is 12 hours and 5 days is 30 hours and two weeks i.e. 10 days is 60 hours.) 1 YT is always with you, So 11, 29 and 59 works according to it.

Prepare display board. There should be a part of the board where people can write their needs and in the other part, how they can help other by offering service or product.

Participants should have a piece of paper or chart paper or cardboard to promote their goods and services, where they can elaborate about their product and service.

First of all give a 1YT to any unknown person and explain them about Your Time Banking Experiment. Then tell them if they want to earn 11 YT more,  then they have to offer some product or service. 

Participants can offer as much product or service as they want but in return the bank will give them only 11 YT for the first time only.

If the participants take someone's services, then they have to pay the YT for that service but along with that the bank will give 29YT more for the first time only.

If the participant is successful in selling his/her goods or services to any one person, then he/she will get 11 YT.  If he/she takes the services of any one, he/she will get 29 YT more from the bank. So total he/she will have 1+29+11=41 YT. 

When the participant has  41 YT in this manner then the bank will give him/her 59 YT more on his behalf and he/she will be able to open his/her account with the YT bank.

If you will do this experiment for a certain period of time and if more number of YT in circulation then auction can be held on the last day to take them back.

Example

person named "A" who is a teacher and loves to teach physics, then he has offered a service to teach physics for 2 hours. 

person named "B" who is a musician and she has offered a service of singing the song.

When both A and B came to the bank and offered their services, they both got 11 YT from the bank.

A has a party at home. He calls B to sing song and pays 11 YT in return.

A has taken the service of B for the first time so the bank will pay him 29 YT

person named C takes the service of teaching physics from A and in return gives him 11 YT. 

Now "A" has 1+11+29 = 41 YT

When A showed 41 YT  to bank, the bank gave him 59 YT more.  Now A has a total 100 YT .  Now he can charge his service for 1 YT or 11YT or 29YT or 59 YT, but not more than 59 YT.