This will work perfectly for things like "meet me for coffee" because people in the same place will have the same time within any meaningful precision.
It isn't good for scheduling online meetings, but this is a feature.
What about things like server log timestamps?
Swatch Internet Time.
OMG Swatch still has a page about this
https://www.swatch.com/en-us/internet-time.html
I change my mind. SWATCH INTERNET TIME FOR ALL!
Yes, this is also excellent. Sunset at, say, 7pm every day, for everyone, everywhere.
(And before anyone disagrees, please remember that the benchmark is the current timezone status quo.)
Leap Days should be in winter. Everywhere. I propose the Southern hemisphere holds theirs on August 32. #DateTime