Lithuanians trading in their time: in the future, the price will only increase



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If futures are traded on exchanges and the price index depends on consumer expectations for the future, why shouldn’t people be able to trade their futures too?

The idea occurred to a couple of young active Americans a few years ago. It is now a fast-growing way to mobilize, if not start-up capital, a group of like-minded people and supporters whose support and dissemination of information is invaluable to startups.

However, it may sound vague, like once in a data or cryptocurrency cloud. But things become clearer when this activity is compared to stock trading companies.

Initial public offering (IPO), where the value of the shares in the stock market is determined by the market, according to the supply-demand relationship. Only in this case is the time of a particular person used instead of sharing. More precisely, the hours of your life that you decide to offer to the market. The buyer believes in him and in his future, so he invests thinking that he will be able to sell more expensively in the future or at least take advantage of the time he has bought.

Stupidity? Cheated? Cleverly disguised slavery of the 21st century? Thoughts and suspicions can arise in a number of ways, because the idea is relatively new and unusual outside of these times of breakthrough innovation. Therefore, interested in this phenomenon, I decided to speak with two young Lithuanians who were already trading in their time.

I must admit, it was strange at first talking to guys who, until very recently, would have believed only as apprentices in the editorial offices under my leadership. But here I am and they answer me. And talking clears things up. Partially. They not only believe in their future (as I did when I was their age), they find those who also believe in it and are willing to pay for the hours that will come one day.

22 m. Antanas Bernatonis responded from where he would be happy now: the Azores.

After talking about travel, pandemics, isolation and addiction to teleconferencing, we moved on to the cause.

A student at Vilnius University Business School is the pioneer of Human IPO in Lithuania, so I first asked him not to sell his future lessons, but the idea itself. And listening to the answers, more and more questions arose. And the desire to better understand those whose activities are already changing the world.



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