Rstory: Revised Project Description, New Basket Issuances, Current Accounting
Summary
Rstory is a revolutionary new cryptocurrency created by Minnesota-based information services company Insight Green, LLC (hereafter referred to as "the company"). Designed as a multi-blockchain meta-currency whose basis is derived from the company's gratitude, Rstory is governed by social accountability and administered by the company.
In calendar year 2019, Rstory operates on the STEEM, Bitshares, and Waves blockchains. The STEEM blockchain is used for text-based operations, such as announcements, record-keeping and reporting, identity verification, and document posting/signing. The Bitshares and Waves blockchains are used for token transactions.
Origin and Specification
Rstory originated with the entry of an immutable record estimating the total financial value of the global informal economy into STEEM blockchain transaction 591576bcdee0d9168efc9d02a120028d75e15ef2. That immutable record, known as Primary Asset 19, serves as a business logic component for formulaic parameterization of Rstory's issuance volume. In 2019, the maximum number of Rstory tokens issued will be fewer than 100M, which is 1/10 of 1% of 1% of the informal economy's estimated USD size as recorded in Primary Asset 19.
In 2019, the company plans to issue 52M tokens, consisting of 26M each on the Waves and Bitshares blockchains. If warranted by market conditions, the company may also issue up to 47.9M additional tokens on these or other blockchains in 2019.
Rstory tokens 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 the company. Rstory tokens are nonetheless transferable. Holding custody of an Rstory token guarantees ownership of any social capital that may have accrued in the token, as well as designates the token's custodian solely responsible for the token's uses.
Issuance Procedure, State Conversion, Tude vs Rusty
The creation of "baskets" of Rstory gratitude tokens are announced on STEEM posts. Each basket is assigned a number, as is each gratitude unit in each basket. Said identifiably-numbered, financially valueless units are referred to as "tudes", and may be transferred by written agreement in a business procedure called a conferral of gratitude (COG). These created tokens may correspond to Rstory token issuances on one or more blockchains.
The act of entering a tude into a price discovery process transforms its state, from "tude" into "rusty". A tude has zero financial value and a clear chain of custody from its point of issuance until present. Tudes are not interchangeable, and are therefore non-fungible. If a tude is offered for sale, trade, collateral, or otherwise entered into a process which assumes said tude has non-zero financial value, said tude is, by such an act, transformed into a rusty. If a rusty is transferred into a wallet containing tudes, said tudes all acquire a non-zero probability of being rustys, and must therefore be considered to have been transformed into rustys. While a rusty may theoretically be transformed into a tude by an auditing procedure which proves its history, no such procedure has yet been developed.
Because tudes are conferred at the company's discretion for work in service to the public good or company aims, and may not be bought, sold, or traded, possession of tudes is a reliable indicator of good standing with the company and the broader Rstory gratitude network. Tudes therefore have reputation utility, and tude custodians may be eligible for special privileges in proportion to their holdings.
Rustys are fungible, and are traded on the open market, such as on the Bitshares and Waves decentralized exchanges. On Bitshares, Rstory is listed as "RUSTY". On Waves, Rstory is listed as RStory with asset id "Fhpgn2Pn2myE5YahvYy7XAeR3pDQTZXmDGmm5c3nKtRp".
Purchase of Rstory tokens on these markets directly supports the company and those it designates as servants of the public good. Under no circumstances should any person consider the purchase of these tokens a financial investment.
Corrections and New Basket Issuances
Note that baskets 7 and 8 have been canceled due to lack of interest. To preserve accounting integrity, canceled issuances will remain visible in documentation.
Correction
The total quantity of Basket 10 is 1,300,000 not 1,299,999.
Basket 11
Basket 11, quantity 2,000,000 shall be created for the purpose of offering gratitude in 4 equal issuances to organizations demonstrating exemplary service to the pubic good in one or more US states bordering the Great Lakes.
Basket 12
Basket 12, quantity 1,000,000 shall be created for the purposes of offering gratitude in 100 equal issuances to individual US persons who have greatly and demonstrably served the public good on a volunteer basis in the last year.
Basket 13
Basket 13, quantity 500,000 shall be created for the purposes of offering gratitude in 500 equal issuances to individuals who have served the public good or company aims in a substantive and articulable manner.
Current Tude Accounting as of April 29, 2019
Basket|Designated Issuance|Tude Unit Numbers|Receiving Custodian|Date YYMMDD|Qty Conferred
1|1|1|Giving Tree Gardens|190101|1
2|1|2:16501|Mr Newell|190112|16500
2|2|16502:56501|Mr Bailey|190112|37500
3|1|56502:74501|@greatdabu|190112|18000
4|1|74502:75501|@kommienezuspadt|190112|1000
5|1|75502:102501|@iamredbar|190112|11000
5|2|102502:129501|TBD|190112|0
5|3|129502:156501|TBD|190112|0
5|4|156502:183501|TBD|190112|0
6|1|183502:283501|Insight Green LLC|190112|100000
6|2|283502:383501|Mr Newell|190112|100000
6|3|383502:683501|Mr Bailey|190112|300000
7|1|683502:863501|Canceled|190112|0
7|2|863502:1043501|Canceled|190112|0
8|1|1043502:4696001|Canceled|190112|0
9|1|4696002:4699751|@fedoraonmyhead|190127|3750
10|1|4699752:5499751|TBD|190127|0
10|2|5499752:5799751|TBD|190127|0
11|1-4|5799752:7799751|TBD|190429|0
12|1-100|7799752:8799751|TBD|190429|0
13|1-500|8799752:9299751|TBD|190429|0
Definitive Record of Baskets Issued as of May 10, 2019
Basket 13
Basket 13, quantity 500,000 was created for the purposes of offering gratitude in 500 equal issuances to individuals who have served the public good or company aims in a substantive and articulable manner.
Basket 12
Basket 12, quantity 1,000,000 was created for the purposes of offering gratitude in 100 equal issuances to individual US persons who have greatly and demonstrably served the public good on a volunteer basis in the last year.
Basket 11
Basket 11, quantity 2,000,000 was created for the purpose of offering gratitude in 4 equal issuances to organizations demonstrating exemplary service to the pubic good in one or more US states bordering the Great Lakes.
Basket 10
Basket 10, quantity 1,300,000 was created for the purpose of offering gratitude in 2 issuances. Issuance 1 offers tudes to the 800,000 United States federal workers financially harmed by the 2019 government shutdown on a one-per-worker basis, deliverable to any qualified party on request at any time in 2019. Issuance 2 offers an initial 500,000 tudes to participants in a forthcoming Insight Green LLC-led effort to crowdsource an indexing, transcription, and annotation of a broad collection of selected historical government documents for the purpose of creating a dataset that modern data science techniques can easily be applied to. These documents shall include include: 1.) MK ULTRA and related documents from CIA, 2.) MHCHAOS and related documents from CIA, 3.) COINTELPRO, Security Index (SI) and related documents from FBI.
Basket 9
Basket 9, quantity 3750 was created for the purpose of offering gratitude to @fedoraonmyhead for publishing work in service to the public good, consisting of a video update on a homelessness documentary project located at:
https://steemit.com/film/@fedoraonmyhead/video-update-1-for-our-documentary-project-homelessness-in-america.
Basket 8
Canceled due to lack of interest.
Basket 7
Canceled due to lack of interest.
Basket 6
Basket 6, qty 500,000 was created to support Insight Green, LLC's 2019 operations, with the understandings that a.) additional tokens may be arbitrarily created at any time, and b.) Insight Green, LLC's tokens are financially worthless. Basket 6 gratitude units numbered 1 to 100,000 will be used for Insight Green, LLC's general business activities. Units numbered 100,001 - 200,000 will be conferred upon Mr Newell for the company's operations management. Units 200,001 - 500,000 will be conferred upon Mr Bailey for the company's executive management.
Basket 5
Basket 5, qty 108,000, was created for the purpose of expressing gratitude to designated custodians for managing public relations with the Bitshares, STEEM, Waves, and Bitcointalk communities. Gratitude units numbered 1 - 27,000 are earmarked for designated custodian @iamredbar. Of these, units 1 - 5000 were conferred upon @iamredbar for managing Rstory public relations with the Bitshares community through the end of January, 2019, with an additional 500 units/week to be conferred throughout 2019 until the total amount of 27,000 units has been conferred.
Basket 4
Basket 4, qty 1000, was conferred upon @kommienezuspadt to express gratitude for the shooting, editing, and delivery of a short Rstory promotional video.
Basket 3
Basket 3, qty 18,000 was conferred upon @greatdabu for varietal material and service contributions to Insight Green, LLC including extensive video production work, data purchases, and promotional message testing.
Basket 2
Basket 2, qty 56,500, was conferred upon Mr Newell and Mr Bailey on January 12, 2019 for expenses incurred and labor provided to Insight Green, LLC until this day. Gratitude units numbered 1 to 16,500 were conferred upon Mr Newell (totaling 16,500 units), and units 16,501 through 56,500 were conferred upon Mr Bailey (totaling 37,500 units)
Basket 1
Basket 1, qty 1 was conferred upon Giving Tree Gardens on January 1, 2019 for providing Mr Bailey with food, water, and temporary shelter.