ATTENTION: THIS POST IS OUTDATED AND MAY CONTAIN INACCURACIES. FOR ACCURATE AND UP-TO-DATE INFO ON THIS PROJECT VISIT: https://steemd.com/cryptocurrency/@insightgreen/rstory-revised-project-description-new-basket-issuances-current-accounting
This document should be considered provisional until January 31, 2019.
RStory consists of tokenized corporate gratitude expressed through decentralized information systems, and acts as a quantified unit measure of gratitude without monetary value.
RStory originated with the entry of an immutable record estimating the total financial value of the global informal economy, based on information published in Robert Neuwirth's Stealth of Nations: The Global Rise of the Informal Economy, into STEEM blockchain transaction 591576bcdee0d9168efc9d02a120028d75e15ef2.
That immutable record, known to RStory's developers as Primary Asset 19, constitutes a business logic component under the nonexclusive ownership of Insight Green, LLC. Additional Primary Assets will be entered sequentially into a public ledger on an annual basis.
Primary Asset 19 serves as one of several business logic components parameterizing RStory's function as Insight Green, LLC's tokenized corporate gratitude.
Insight Green, LLC intends: for the movement of RStory tokens through the informal economy to measurably further outcomes benefiting the public good; for the transfer of RStory tokens to encourage and acknowledge acts that improve society; and for RStory tokens to yield no profit to terrorist organizations or inequitable business enterprises.
RStory coins are non-fungible and non-divisible. As such, they have no decimal point. Each RStory token represents a discrete, indivisible unit of gratitude (DIUG) that is inseparable, either in whole or in part, from Insight Green, LLC.
The supply of RStory coins technically has no intrinsic maximum. RStory coins are indefinitely re-issuable in any basket size on any public ledger at the sole discretion of Insight Green, LLC. Designated members of the RStory gratitude network may also issue token baskets following the approval of Insight Green, LLC according to procedures developed and adopted by the RStory gratitude network.
The RStory gratitude network can operate on any platform supporting user-issued assets that meets the criteria of Insight Green, LLC.
RStory tokens may be transferred from grateful senders to qualified custodians in a business procedure called a conferral of gratitude (COG).
Transfers of RStory acknowledge services performed for the public good, in the judgment of the sender.
RStory is NOT a financial investment or vehicle for such. RStory tokens have zero monetary value. However, individual RStory tokens may accrue social capital which may become perceived as financial value through marketplace activity.
If Insight Green, LLC finds any RStory token being used for activity which negatively impacts its function as a social capital storage device, Insight Green, LLC and the RStory gratitude network may retract from the marketplace any social capital that has accumulated a perceived financial value in the total volume of RStory tokens, thereby correcting any market mis-perception that RStory tokens have non-zero intrinsic financial value in the absence of the RStory gratitude network's collaborative venture's accumulated social capital.