Is there a typo on the math for the Ounce of Silver? 1 Ounce=28.349 not 28,349 with the total CBR listed as 28,394 per ounce? It also says 20 CBR per Gram, this means an ounce is 566.98 CBR just by that statement alone. There are 28.349 Grams in one ounce times 20 CBR: 1 OZ 28.349 x 20 CBR = 566.98.
If we are talking Troy ounces then the number would be 31.1034768 per ounce. But since the number on the site reflected as a standard ounce I just figured it was written wrong with a Comma instead of a Decimal Point.
What is the real breakdown and how many ounces are backed by CBR? If there are 1,000,000 CBR and 964,000 have been pre-mined then blocks 101-3611 equals 35110 CBR for a total of 999110 CBR. The rest must be POS only right? If one Gram equals 20 CBR then there should be 1762.129 Ounces of Backing. With 61.92 Ounces represented by the PoW phase. Is this correct?
If the 20CBR to 1 Gram per Silver is correct then the price of CBR must follow Silver at Spot, meaning the price can only be traded based on this number and the real cost will never exceed spot prices for silver. If people sell their CBR for less or bought for more it is only because they misunderstood the pricing.
We are talking about International avoirdupois ounce 28.349523125g ~ 1oz=28,349g.
Original plan was to split one gram per 10cbr, but the IPO it was a failure so purchase of the additional amount of silver to cover 500.000cbr is not an option. For this reason, owned by me amount of silver to cover half of the quantity of coins must cover the entire one million coins. Then the converter is 20cbr = 1gr silver. POS is 3% per year. The market price for the CBR should be reflected in the price of silver expressed in BTC