Bitcoin Forum

Hours Crypto-Currency/Token

Create a crypto-currency/token which represents hours earned or worked in a community service role or project. For each hour worked, a crypto-token is issued to the user/groups/organization's account (assosciated wallet 'address'). These 'hours' could in theory be used as compensation for jury duty, and credit towards service hours for probation. The possibility of  'hours' creating a micro-economy for community service  is as follows: 'hours' can be sold at market prices on public exchanges, as well as integrating with marketplaces to exchange 'hours' for goods, and services. This in effect incentives' altruism by providing an economic benefit to community service.

Specifications:

The total supply of hours = the maximum limit for potential time worked.
No more than 40 hours can be earned per week per individual.

Proof of Physical Work *PoPW colored cross-chain coin built on both Ethereum and Expanse. The reason for a cross-chain platform is for additional security and decentralization.


Community Service Data Aggregate [*CSDA]

Compiles resources for community service that directly benefit and enrich the local & global communities. Allows users to network and form teams to create and execute projects; and provide community services (emergency, conservation, etc) and resources (food, clothing, housing, land, etc). The community service data aggregate should in theory be able to connect the efforts of organizations such as the food banks, universities, probation, churches, etc. and delegate projects/jobs such as wildlife conservation, trash/debris cleanup, food/clothing/general goods distribution, public transportation, community events, *community jobs.

The *CSDA serves an integral role in the creation of 'hours'. The 'mining' process for hours is proof of physical work (*PoPW) represented by real world human capital/sweat equity. To create 1 hour's cryptocurrency, an individual must perform 1 hour of community service oriented work. The *CSDA could be utilized by niche *DApps which allows community jobs to be created and workers compensated.

In an effort to scale the system, and prevent exploitable weaknesses in the mechanics of hours, the following account limits will be proposed:

1000 hours = limited to earning 40 hours per week. Administrative functions: create projects, delegate tasks, validation processes.
300 hours = limited to earning 30 hours per week. Access to community jobs requiring a higher level of responsibility and trust.
50 hours = limited to earning 20 hours per week. Access to community jobs requiring a lower level of responsibility and trust.
0 hours = limited to earning 10 hours per week. Access to community jobs requiring the lowest level of responsibility and trust.

Initial Coin Donation Offering [ICDO]

An initial supply of 100,000 hours will be created and distributed by the Community Service Hours Foundation. Individuals within the crypto-community space will have the opportunity to make donations to the *CSHF, and be recognized as founders/contributors. For every .1 bitcoin, or 5 ethereum donated: 10 hours will be awarded to the respective donors. This initial supply will be utilized to build liquidity in markets and prove the transactional utility of 'hours', aswell as provide the initial injection of capital to finance research and development.

Benefits of earning hours:
-Flexible on demand jobs.
-Discounts to users from participating businesses

Benefits of holding hours:
-Allows user's weighted voting for the internal processes of the *CSHF.
-Increases the demand for the micro-economy of community service.

Benefits of using hours:
-Philanthropic persons and entities can engage and finance community service projects in a transparent way.  
-Purchasing hours should be viewed as a charitable donation. Use the transaction id for income tax deductions.


Decentralized Autonomous Non-Profit Organization

Community Service Hours Foundation [*CSHF]

- Development/budget oversight
- Administrative/executive function for 'hours'
- Public relations
- DApp consulting/marketing/integration


Decentralized Apps [*DApps]:

Community Resource Management & Distribution

Volunteer Emergency System

- Peer to peer emergency response network
- Real time notification/alert system

*provides community jobs/*PoPW

Alternative Courts Systems 2.0

- Peer to peer court
- Court id/user interface
- Autonomous lawyer system
- Jury video conferencing/voting
- Database explorer

*provides community jobs/*PoPW


Resources:

Discussion thread: https://bitcointalk.org/index.php?topic=1446960.msg14634457#msg14634457


Social:

Slack (https://hoursfoundation.slack.com/)
Twitter: @hoursfoundation (https://twitter.com/hoursfoundation)

Reddit (http://reddit.com/r/hoursfoundation)

Donations/Crowdfunding:

ICDO


This is the 'New Deal (https://en.wikipedia.org/wiki/Civil_Works_Administration)' of crypto-economics, essentially materializing jobs through networks.  
More details coming soon...

This is pretty cool. A very unique, specific, niche use case.

The tradability of hours is the only real reason to elevate this to a blockchain over a database managed town. But there's plenty of good ideas that arise from that.

thanks, i have been thinking alot lately about solving poverty issues - and i think this solution would essentially help create jobs, and put people to work: picking up trash, cleaning up rivers/coastlines/lakes, organizing community events, etc.

Additionally, a big issue I find with poverty is people's inability to afford the costs of the antiquated justice system, with court fees/fines in excess that the rich can afford, but can put a poor individual in crippling debt. One of my main goals with this project is getting court systems to recognize the utility and benefit of 'hours' as an alternative payment method.

Reserved ,waiting for more information

Reserved! Stick around.

looking for a suggestion on the acronym/ticker symbol: XHRS, HRS, HR, XHR, HRSX, HRX, HOURS

XHR sounds good.

HRS sounds better, when is launching of your coins? i want to receive bounty for supporting OP ;D

Sounds like a good idea. Following this one.

I like HRS too.

The DANPO and ICDO will be launched Q3, and the coin released hopefully in Q4, but realistically cant say for certain until we formulate a team and propose a working timeline/roadmap. Really dont want to rush this project, as the PoPW and CSDA are experimental concepts.

HOUR might be a good option too.Though i am not against HRS.

Maybe i should do a poll, nothing is concrete yet anyway.

HRS

HRS

HRS

Looks quite interesting will keep an eye on this.

+1 interested

This seems like a good project, very interesting idea!

Link for discussion thread: https://bitcointalk.org/index.php?topic=1446960.msg14634457#msg14634457

someone a few months ago was trying to get me to build something like this for them i just didnt have time. Its neat though.

Instead of ethereum, yall should use expanse, if you do we can give you some resources to help your development process :)

Expanse seems like a good match: a community managed blockchain empowering a community service platform

Interesting project. Will keep an eye on this.

i acquired the domain http://hoursfoundation.com; also will start networking on twitter: @hoursfoundation (https://twitter.com/hoursfoundation)

Seems like a good development plan, however, why the "ICO"? That's the only thing putting me off. And expanse seems like a better alternative to base on too

startup costs, administrative, legal, and development expenses. There will be a detailed budget and plan before the launch of the ICDO and crowdfunding campaigns. Hours wont be exchangeable until after development of the PoPW, which has associated costs - and dont want to rely on a premine to finance development, as costs will force immense sell pressure on a newly illiquid market, when the goal is to have a stable strong currency to back the creation of jobs. I myself can contribute 10,000 expanse and 10,000 storjx(assuming we will be using storjx).

https://i.imgur.com/Xcw1hGS.jpg rough idea for the logo/ image

Hmmmm........interesting.  A currency backed by "hours earned or worked in a community service role or project".

I think someone did this a long time ago.  I remember reading about a currency that was theoretically backed by a certain amount of work or labor.  Hmmmm......where was that?  It's on the tip of my tounge.......oh.......I remember!  It was called the Reichsmark and it was Nazi Germany.

HRS confirmed for official currency of the Fourth Reich

I appreciate the enthusiasm, but were shooting for a star trek universe type currency.

revisiting this.. i still want to initiate this project. falling behind on personal expenses - but am definitely open to any suggestions on how we can move this project forward!