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WHEN DOES IT START?
Every person receives 1 coin per hour. But at what moment a person starts to receive his coins? To keep things fair and simple we’ve chosen January 1st, 2022 at 01:00 hour to be the moment everyone receives his first coin, unless you are born after that moment. When you are born after January 1st, 2022 at 01:00, you will receive 1 coin per hour from your birthday, also at 01:00 hour. This means for all people (outside the newborns) that – should they start using the 1CoinH for example 1000 days after January 1st, 2022 at 01:00, they would start with 24 x 1000 = 24,000 coins. Because of depreciation, this will be quite a bit less: 13,976.30 coins. BIRTH HOUR In the blockchain, the first number in the Initial string is the birth-hour, calculated with January 1st, 2022 at 00:00 as zero. All the hours a person lived before this “moment zero” are calculated and stored with a minus sign. All births after “moment zero” are positive. With the “birth-hour” number, the open source smartphone app can easily calculate the coins each person has created or as we say: “self-originated”. IMMEDIATE DEPRECIATION It needs to be noted that the start-coins will all be depreciated immediately. This can be calculated in a loop from “moment zero” to the current hour: var owncoin = 0; for(i = 0; i < hournow; i++) { owncoin=(owncoin*0.99995)+1; } |