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CENTRALIZED AND ANALOGUE IS ALSO ALLOWED
It is important to understand that - in the items above - we talked about an fully decentralized p2p application that doesn’t need internet to operate. Simple smartphones or other computing devices that can share files using direct WiFi connection or even (mini)USB sticks are sufficient to run this financial system. It is very important that it can run without the internet and that it doesn’t rely encryption that is based on the secrecy of private keys. This is because the globalists own the companies that create the hardware and operating systems for smart devices and also can decide who is allowed to use the internet. So to be able to automate our new financial system fully, we need to be sure that the globalists have no ways to block any 1CoinH transaction. That we talk about this app however doesn’t mean that it is absolutely necessary to rely on the fully decentralized p2p application. Small societies that find issues with running the system (perhaps because there are simply not enough devices, or the electricity supply is very bad), can also decide to run the financial system in a spreadsheet on a central computer that is operated by a central organization. In that case the transactions can be done with cashier cheques that are collected by the central authority. To make everything transparent, copies of the spreadsheet can be distributed. If the spreadsheet becomes too small, also a database could be used. In a later stage the spreadsheet (that also keeps track of the 1 coin per hour that is distributed among that community) can be exported to smart devices. CONNECTING ISLANDS Another feature of this new financial system is that isolated islands can start using the app and can connect to other islands years later without problems. As long as every participant (on the separate islands) receive 1 coin per hour, starting from the same moment and following the same rules and depreciation percentage, there is no conversion to be made to do transactions between the islands. This also applies for islands that use a centralized setup. THE SENTINEL The Sentinel is the part of the app that checks if the blockchain of the new transaction-partner is legitimate and searches for originators that are mutual (and because of that can be trusted more). The receiver of the coins uses the advice of the sentinel to accept coins that are originated by other people that the transaction-partner. The Sentinel is a relative simple program that searches through all the collected blockchains, and by doing so, checks the used hashes. If the Sentinel finds issues, the Receiver will be advised not to accept the coins that show issues. OTHER TASKS OF THE APP Another function of the app is to show information of the ID-Cards so the Receiver can check if the person he talks to is the same person in the ID-Card. The app will also get some maintenance options, like regularly backing up the collected ID-Cards and Blockchains, checking for updates and improving direct connectivity with other smartphones or even laptops. |