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It would be nice if people (when the current system becomes unaffordable for people and falls into a kind of hyperinflation) look back at the systems they have used up to that point. People should then ask themselves whether they want to continue in the same system or whether they should let the same bankers talk them into a new system. If we do not want that, then we will have to design something new that is set up in such a way that at least the most important mistakes that were made in the past are prevented.
If you see the misery that the current financial system has caused and only works for an extremely small group of people, then the only conclusion can be that something new has to come.
That is why we are at least making an attempt to design something better. Whether we have succeeded in this is something we will have to discuss with each other.
Our attitude is that it is fine if people have comments, but with every comment please also provide an alternative that is better than what we propose. And - if you give that alternative - then make a fair comparison with the system that we propose.
You will see that every alternative that is based on something that we now see as value (paper money, gold or crypto) can very easily be subverted with arguments as an inferior solution.
So far, no one has given good arguments that another alternative system than what we propose will lead to a fairer society. We therefore challenge everyone to propose other alternatives (you can also read that on our site). And as you will expect, no one has yet made a better proposal.
Barter is inconvenient. The chance that a hairdresser who cuts a construction worker's hair has a job for that construction worker at the same time is very small. So you want a system that can value products and services and process them in a kind of accounting system. The advantage of this is that the hairdresser sees his balance adjusted immediately and can immediately buy products or services. Products or services that the construction worker probably cannot deliver immediately.
However, it is also clear that money is very useful for people in power. For example, if you as a ruler have to pay your soldiers to protect your population (or, say, extort them), then declaring something as a 'legal' medium of exchange is of course very useful for the ruler.
Rulers can not only make their population pay taxes with a legal means of payment, but certainly if you as a ruler have a lot of the scarce - declared money - means in your own possession, and can manipulate the prices, you have a huge advantage compared to the rest of the population.
If you - as a ruler - can then also legally replace that scarce good with paper or even electrons and disconnect it from any scarce good, then you as a ruler are of course completely lucky. It is only logical that this situation opens the door to enormous abuse of power and curtailment of fundamental freedoms. And that is where we have ended up now.
Convincing people to settle everything with barter again will be seen as very inconvenient for almost everyone. That is why 1CoinH was set up as an alternative accounting system, in which 1CoinH at least deals honestly with the creation of the coins and their distribution and provides insight into what everyone does. Things that are currently lacking in the current system and all other alternatives.
If 1CoinH really does become the successor to the current system, then it is even conceivable that - if 1CoinH can really transform society into a world of abundance, this world could even work without money at some point. But we are still a long way from that, so there is not much point in speculating too much about it.
Our first goal is not to introduce 1CoinH now. We first want to show how it can and should be 'different' and 'better'. We want an alternative to be ready if people can't cope anymore due to hyperinflation and are forced by the government to accept the CBDC with UBI.
Our main goal at the moment is to make people aware of what a completely idiotic monetary system we live in. This does not only apply to the Fiat money that we use now, but also to all cryptos and alternative coins that you can buy with fiat money.
We want to make it clear that with 1CoinH there is a way that is many times better and fairer than all other alternatives that are currently being put forward.
If enough people understand this when we all end up with our backs against the wall (if we haven't already been there for a long time), then with a system like 1CoinH we at least have a good chance of turning around the current madness. Without a system like 1CoinH we will fall back into the same system, or into an even more dystopian system with CBDCs.
There are several insurmountable problems with re-establishing gold as a backing for money:
How do we know for sure that all money is backed by gold? After all, it was the gold exchangers who invented fractional reserve banking and ultimately made it possible for the gold standard to be abandoned. Controlling this is extremely complex.
Who controls all the gold and all the gold mines? Ownership of physical gold is even more skewed than other assets.
Using physical gold as currency is very difficult to measure and test.
That money must be backed by gold is indeed the reasoning we are taught in school. Yet that reasoning is fundamentally flawed.
Paper money indeed originated as a certificate of debt for gold. You brought gold to a goldsmith. He put the gold in his vault and gave you a note stating that you had deposited a certain amount of gold and that you would get it back if you showed the note.
Then people started to 'pay' with those notes because it is easier than driving back to the goldsmith and picking up your gold, adjusting your notes and then paying with real gold.
If you look closely at those different situations, the payment transaction is in all cases based on agreements in that particular society. Society agrees, as it were, that a certain scarce good has value. Because if I were to sit on an island by myself, gold would have no value at all, whether it is scarce or not. Because gold (and silver) were only used as jewelry a few thousand years ago, their use as currency was logical, also because relatively large amounts of value could be transported in small quantities. Because people found it a "beautiful" material, it automatically acquired value in that society and people quickly understood that with this money, the awkwardness of barter could be solved.
The money that we use now was therefore covered by gold hundreds of years ago, but via 'fractional banking' that link was abandoned and actually never tested again. This was possible because a government could now prescribe money as legal tender.
Because money (after the gold backing had expired) has simply worked all this time, we now know that money is nothing more than a legally prescribed bookkeeping system that makes barter a lot easier.
The only real problem we have is that the current bookkeeping system is in the hands of a bunch of criminals who create trillions out of thin air at the push of a button and lend them to governments with interest and use this power to continuously inflict misery on the world.
That we - the users of the bookkeeping system - have allowed this to happen is an unforgivable mistake.
As long as money is 'scarce' (meaning that someone who participates cannot simply create more money for themselves) it works fine as an intermediate step in barter.
Various real-life examples also show that alternatives that are not backed by gold can work very well very quickly.
In Austria, this happened in Worgl in 1933 (see link below) when there was hyperinflation and people there started spending money themselves. When the government noticed how well these people were doing quickly, the initiative was banned.
So it all starts with the simple fact that a group of people agrees with each other that something that is actually worthless (gold or paper or electrons) is used as an accounting unit to make barter trade run more smoothly. Money is therefore nothing more than an accounting system with which the value of various products or services is recorded.
The only thing a society has to do is agree among themselves how to do that accounting honestly and record that as a law. At that moment you have 'money'.
Because we now have computers, we do not have to do complicated things like mining, purifying, testing, weighing and distributing gold. We can also keep the accounts with computers, as long as no one can change the data without being seen.
In a situation of hyperinflation (where all agreements about the value of the old paper literally and figuratively go into the trash), you can introduce a new system where society makes new agreements about what money is and elevates that system to 'law'.
So there is sufficient evidence that money does not have to be backed by gold or anything else of value. As long as people agree on a system to use and this system is resistant to fraud, the money in that system gets its value. It is not more difficult.
Everyone (unless born after 1-1-2022) receives 1 coin per hour. 25725 hours have past since that moment. Because all coins are constantly depreciated (otherwise we would have infinite inflation) the coins have a lower value as at the moment you received them. With the depreciation we prevent inflation and have a constant system of redistribution of coins, which is a sort of social security for people that can not work for more coins.
The reason for this is that in the 1coinh system coins are created by anyone that participates. Besides that, anyone can participate. People can even create multiple user accounts to be able to receive 2 or more coins per hour.
Next to that, we don't use banks or institutes with people we are supposed to trust, to check if people are acting fair. It is the task of the users themselves to check if the people they receive coins from are real. That is why everyone has a profile with a list of details. The user-image and the details make it that you can check a person quite well.
But why spread coins over different people at a request?
Once you receive coins from a certain human, you eventually want to use those coins to purchase something. You don't want to only use the coins that you generate (1 per hour).
So when you see creators of coins in the list (when you do a request) that you know, or when you possibly see coins you created yourself, you can safely accept them.
It is important you also include these coins from others. When nobody would accept these coins from others, then there would be no point of accepting other peoples coins at all because in that case - once you own coins of others - no-one else would request them.
To reduce your risk, you should only accept coins of people you know very well and spread them properly in every transaction you do.
In the 1CoinH system every human creates their own coins. And you can use these coins to get services or products of other users of the 1CoinH system.
The 1CoinH system however doesn't want to use "trusted" people or institutes to check if the coins are proper. This responsibility has been handed over to the users themselves. As a user you need to be able to check if the user you deal with is real and only uses one identity.
To check this you will be able to see any transaction this user has been done and you can also check out the profile of each user. Because you need to be sure it is the right human you deal with, you will not only be able to look at their current profile, but also be able to see their profile history and the various hash codes that are attached to these profiles.
This is why the profiles are very important and we don't accept profile images that are not proper photo's of a face. Profiles with images that are not proper recognizable will therefore be removed immediately.
In the 1CoinH system you always should have personal contact to see who you are dealing with before you do a transaction. This is because you should always know who created the coins that you are receiving.
If you would be able to just put coins into the accounts of othere paople, then bad actors could for example fill your account with large amounts of worthless coins based on fake accounts. To prevent that, we created the request and agree system.
What is happening is that you have not been logged out or logged in properly.
To fix this you can start the website again using: www.1coinh.com
If that doesn't help, try to delete the cached images and cached files from your browser history, and then use: www.1coinh.com
We use a fixed page width because that is the most secure way to show our website to as many devices as possibe.The downside of that is that on many smartphones, the website can be too big for your screen. The downside of that is that on many smartphones, the website can be too big for your screen.
To fix this go to the settings of your browser on your smartphone (so not the settings of your prone!) and look for 'website settings' or 'site-settings'. There you choose 'Desktop site' where you can set 'Desktop Site' to on and add 'www.1coinh.com' as a site exception where you also set 'Desktop Site' to 'on'.
When you exit the settings now, you will see that the app is showing better on your screen. On some smartphones however it still can be slightly off the screen if your screen has not enough pixels to show the site properly. In that case, you can slide the webside manually or rotate the screen 90 degrees.
Creating alternatives for the financial system is not in the interest of the owners of the various smartphone operation systems and the app stores that go with it. Also creating programs that can run on smartphones is made very difficult and needs large budgets. It is very likely they do not want common people to come up with any systems they do not own and profit from.