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It just occured to me that if the web was started yesterday, all websites on google would be PR0 and they would remain PR0 forever.
I wonder how google used PR when they started?
Yes, minus 1/30 of a notch on the Toolbar (so you only notice if their PR is a very low 5 and yours gets a very high 4).
> ...If I'm one of these links out of 20 and the page has PR5 how much PR will be passed on to me?
Approximately one notch less than them.
> How much PR will be passed on to me if I had 5 of these site/pages also linking to me?
You get slightly more PR shown on the Toolbar, due to the log scale (this might not be visible as the Toolbar only shows whole notches).
> It just occured to me that if the web was started yesterday, all websites on google would be PR0 and they would remain PR0 forever.
Not quite. It seems impossible to get high PageRank from nowhere, but if you consider how many hundreds of millions of pages all link together with common links to places like Yahoo! and Google, then PR can mount up. Also consider that the scale is normalised, so the top of the Toolbar scale is always the top PR page (although Google was off the scale on the Google Directory PR graphs at one point).
I would assume that Google use the previous month's PageRank as a start each month to save time on converging to stable PR values, but they don't have to.