Time Stope – Not another digital currency??

With articles about Pi and Bee digital currency, as well as Honeygain all since the beginning of the year, it is clear where our focus lies right now. Of course we continue to do as much matched betting as we possibly can, YouGov surveys, we’re investing in the stock market, Chris is selling a few bits and pieces here and there on ebay, but with a little bit of cash behind us, it allows us the luxury to indulge in a couple of projects which are a bit out there.

I started a group message board on the Pi network to all those who have joined using my referral code; a question which has come up once or twice is if it is to be trusted or that their friends have dismissed it as a scam. I won’t lie, I don’t have the answers, nor do I have a crystal ball to be able to say whether we’ll get the shaft by the developers or not…and I certainly can’t say if it will make us any money – I am hoping just as much as you are.

What do we do at The Money Mountain? We do as much research as we can and we try these things out to see what they are like. Are they easy to use? Are any tasks particularly onerous? Does it lead to spam; pose a security risk; destroy your battery life?

For example, we had a look at a digital currency called Midoin but found it so user unfriendly that we uninstalled it after a couple of days and filed it firmly under the “not recommended” pile. If you want to check it out, great, but it’s a mad app which demands far too much attention.

Time Stope

But back to our latest squeeze. I have been trialling another digital currency called Time Stope, for the last month. Like Pi and Bee it requires your daily attention to ensure you are mining/collecting…whatever you want to call it. It has a white paper, which is always a good starting point for anyone looking to try these things. It is quite a new digital/crypto currency in that the white paper was only published in Q3 2020.

One of the particularly interesting facets of Time Stope is that not only do you earn by running the app on your phone yourself as well as a cut of all those you recruit (as with Pi, Bee and Honeygain), but you can also earn by using their search function. Sadly however, this isn’t working particularly well right now…

To sign up you need to have a “witness” which is basically a referral. You can’t just sign up of your own accord. Once you have done so, you will earn 14.4 “Time” per day. Your witness will pick up the remaining 9.6 per day, giving us a grand total of 24 “Time” per day.

A new twist on an old favourite

Time Stope is a little different to Pi and Bee in that it mines permanently whether you check in or not. HOWEVER if you do not check-in on the app every day, eventually you will forfeit your account. Your account will be closed and all your earnings to date will be lost, never to be seen again.

Time Stope does this in quite an interesting way…

When you open your account you have 100 Points. For every day you check in, you earn 2 points. For every day you fail to check in you will be deducted 3 points; if your account reaches “0” it’s game over – much like when The Simpson’s go on the Japanese game show which punishes ignorance rather than rewarding knowledge. There is a silver lining to all this: As soon as you reach 300 points, that becomes your new base line so your account is then secure. At least I hope I have interpreted that in the white paper correctly.

Your attendance also has an impact on the amount of Time you can transfer. This will be relevant for the future if it is eventually worth something. By hitting other milestones you are able to continue mining indefinitely. I encourage you to read and make sure for yourselves. The white paper, while detailed, is written by someone whose first language isn’t English so it can be a little difficult to understand at times.

Open and transparent

What do I love about Time Stope? It is very transparent. The white paper gives full details of everyone involved, their credentials and even a photo. You know who you are dealing with from the outset, which is always reassuring. Interestingly, they apply a theoretical value to Time of $0.013 per unit. i.e. at current rates you are earning $0.312 per day (split 60/40 between you and your witness). Today it is worth nothing and whether or not it will be worth anything in the future is anyone’s guess. The theory behind Time Stope is quite egalitarian and seeks to apply a value across the board to everyone. They want to keep things from going the way of bitcoin with limited supply driving up price.

In order to keep on mining Time Stope indefinitely you need to recruit 250 new miners every 2 years, which is no mean feat. That said, even if you can only mine for 2 years, it should not be sniffed at. If you don’t recruit anyone at all, you will earn 14.4 Timestope x 730 days. This will give you a total of 10512 “Time.” Assuming their minimum value of $0.013 per Time, you have $136.65 for a couple of seconds of effort per day. If it is worth $1 each, then you can consider this to have been very lucrative.

You may say “what’s the point?” I’d say, it’s costing you nothing, but it might be worth something – on that basis, it provides better value than most things you own which cost you something and ultimately are worth nothing.

It is fair to say that Time Stope is a little more complex than Pi or Bee, but it is exactly this which gives me such confidence in it. They have REALLY thought about what they want to achieve and I suggest you take the time to have a look at the detail thoroughly. Right now this is only available Android (sorry you iPhone users), I don’t know when an IOS version will be available, I’m afraid.

No negatives

Having been running the app for 2 months already, I can safely say I’ve not noticed any strain on my battery, nor any uptick in spam or anything else you may be concerned about. Coming back to the Honeygain article, one of our readers suggested running these apps on a separate phone if you are concerned about security. A great idea. If you have a spare phone in the drawer at home, it might be time to dust it off and use it for all these applications as well as your matched betting etc.

It makes a lot of sense to keep these things apart from your day-to-day life if you have any concern at all about them, it may be the nudge you needed to get you earning and a return on that old phone which is otherwise collecting dust. If you don’t have a spare phone, we found this one which is cheap and could fit the bill. At £50, it will soon pay for itself if you use it for all your side-hustle activities.

If you want to take the plunge, then please click here and use the witness code: klinsmann – as with all the other projects you’ve followed us on, we are grateful for the support and hope to bring you more of these as we find out about and research them. Some will be good, some will be duds and ultimately we have no idea if any of them will make us rich, but what have we got to lose?!