Rstory Official Launch: token supply, distribution, allocation, etc.

in cryptocurrency •  11 months ago  (edited)

ATTENTION: THIS POST IS OUTDATED AND MAY CONTAIN INACCURACIES. FOR ACCURATE AND UP-TO-DATE INFO ON RSTORY VISIT: https://steemd.com/cryptocurrency/@insightgreen/rstory-revised-project-description-new-basket-issuances-current-accounting

This post is an official document published by Insight Green, LLC. Please note that Rstory tokens are precisely measured, non-fungible units of Insight Green, LLC's corporate value 'gratitude', which is an abstract and inseparable component of our company's brand identity. This means that Insight Green, LLC may arbitrarily issue or transfer Rstory tokens to any entity at any time, but can not transfer ownership of Rstory tokens. So any party who receives Rstory tokens, whether in 'tude' state or 'rusty' state, does not own said tokens, but instead holds said tokens in its custody. Please see the diagram below for a summary of the Rstory's operation in relation to the main existing blockchain projects on which the Rstory network is projected to rely on in 2019.

intrograph.png

We begin by using the current Primary Asset estimate (PA19) to parameterize the total volume of Insight Green, LLC's tokenized gratitude, which is termed Rstory:

PA19 (Global informal economy size estimate in USD) = 10T
PA19 (USA informal economy size estimate in USD, according to source of PA19 estimate) = 1T

We then consider what portion of the informal economy our financially worthless gratitude units could realistically accommodate over the next four years, if participants in our network use Rstory tokens to harness the economic potential of social capital produced as synergy by inherently beneficial collaborations.

The resulting figures become Rstory's maximum supply boundaries:

1% of 1% of PA19 = maximum Rstory gratitude unit issuance in calendar year 2019.
10% of 1% of PA19 = maximum Rstory gratitude unit issuance in calendar year 2020.
1% of PA19 = maximum Rstory gratitude unit issuance in calendar year 2021.
PA19 = maximum Rstory gratitude unit issuance in calendar year 2022.

Simplifying the above, we obtain the following maximum supply figures:

2019 = 1B max 2019 issuance (1B total absolute maximum supply)
2020 = 10B est. max 2020 issuance (11B total absolute maximum supply)
2021 = 1T est. max 2021 issuance (1011B total absolute maximum supply)
2022 = 10T est. max 2022 issuance (11,011B total absolute maximum supply)

Importantly, these maximum supply figures will be adjusted annually to reflect updates to the PA__ series estimates, and are unlikely to ever be reached. 9/10 of each year's annual maximum supply is intended only as insurance against the misuse of Rstory tokens by any party, and will only be issued following the failure of a public, three-step procedure to remedy such misuse by standard communication channels. Then, and only then, Insight Green, LLC will notify all tude custodians of its intent to shower gratitude upon the market at a designated time so as to a.) thank the marketplace for revealing untrustworthy actors, and b.) destroy any market perception that Rstory tokens have any financial value whatsoever in the absence of a 100% ethical, equitable, and collaborative Rstory gratitude network.

2019 Rstory estimated issuance and initial conferrals

The total estimated issuance of Rstory tokens in 2019 is 100,000,000.

Basket 1

Basket 1, qty 1, tude 1 was conferred upon Giving Tree Gardens on January 1, 2019 for providing Mr Bailey with food, water, and temporary shelter.

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 date for Insight Green, LLC. 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 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 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 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 hereby earmarked for designated custodian @iamredbar. Of these, units 1 - 5000 are hereby conferred upon @iamredbar for managing Rstory public relations with the Bitshares community through the end of January, 2019, with the understanding that an additional 500 units/week shall be additionally conferred throughout 2019 until the total amount of 27,000 units has been conferred.

Important Note on Public Relations Custodians

This public relations precedent establishes the standard measure of Insight Green, LLC's gratitude for comparably high-quality public relations work with the STEEM, Waves, and Bitcointalk communities. Please comment on this post if you are interested in becoming part of Insight Green, LLC's gratitude custodian network by managing Rstory public relations in one or more of these communities.

Basket 6

Basket 6, qty 500,000 was created to fund Insight Green, LLC's estimated 2019 operating costs, with the understandings that a.) additional tokens may be arbitrarily created at any time if operating costs exceed initial estimates, and b.) Insight Green, LLC's tokens are financially worthless, so the company's actual revenue will very likely come primarily from standard information services contracts wherein clients pay the company with US dollars. Basket 6 gratitude units numbered 1 to 100,000 will be used to bolster Insight Green, LLC's financial wellbeing. 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 7

Basket 7, qty 360,000 shall be created for expressing gratitude to Google if Google and/or Alphabet, inc. publicly accepts custody of said 360,000 units and agrees to Insight Green, LLC's conferral of gratitude terms as described both herein and in a more detailed document to be developed and posted to the STEEM blockchain before the end of March, 2019. Basket 7 units numbered 1 - 180,000 will be conferred as tudes upon Google/Alphabet, inc. for distribution to each and every employee and non-employee contractor contributing to Google's establishment and maintenance of the services and open-source code which function as critical infrastructure relied upon by Insight Green, LLC. In addition, basket 7 units numbered 180,001 - 360,000 will be conferred upon Google/Alphabet, inc. as rustys for distribution to each and every employee and non-employee contractor contributing to Google's profoundly efficient internal communications network, which Insight Green, LLC views as a beautiful example of how complex communication structures can be used to overcome high-level governance challenges inherent to vast and critical endeavors. Please note that the employee and contractor figures above are estimates derived from: https://www.bloomberg.com/news/articles/2018-07-25/inside-google-s-shadow-workforce

Also note that Insight Green, LLC is unable to participate in distributing these basket 7 gratitude units beyond either one or two transfers of tokens to an officially-designated entity.

Basket 8

Basket 8, qty 3,652,500 shall be created for the purpose of securing the services of a media production team/company for calendar year 2019, if such a team/company elects to contact Mr Bailey, and if terms for a conferral of gratitude contract of this size can be agreed on by Insight Green, LLC and said team/company.

As always, more information will be published at a later time: )

Edit - Important Note:

While any entity that receives tudes from an Insight Green, LLC conferral of gratitude procedure is of course free to use said tudes in any manner, any act that constitutes entering Rstory tokens into a price discovery procedure transforms said tokens, such that they consequently cease occupying state=tude, and begin occupying state=rusty. And if even one state=rusty token is transferred into a wallet containing only tudes, this wallet must be a.) considered to be comprised wholly of rustys, or b.) audited by as-yet-undeveloped procedures to determine with 100% certainty that all Rstory tokens in said wallet have crystal clear chains-of-custody from their points of origin until te present time. This means, for example, that placing a bitshares dex sell order with tudes transforms said tudes into rustys, and canceling such a sell order before all tokens are sold may result in transforming all of a wallet's tudes into (possible) rustys.

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I, @kommienezuspadt, accept the tokens mentioned above and agree to take custody of them.

I, Mr. Newell, COO of Insight Green, LLC, approve of this message, accept the tokens conferred upon me in baskets 2 and 6, agree to take custody of them, and will perform my custodial duties in full accord with the corporate values of Insight Green, LLC.

I, @iamredbar, accept tokens from Basket 5 and agree to the terms set within.

I, @greatdabu , do accept the tokens conferred upon me in basket 3, and agree to the terms set within.

  ·  11 months ago Reveal Comment

BTW - I've just posted a 'Dear Google' vid to YouTube. I'll put the same vid on Dtube when time permits. Check it out here:

For community reference: Units from basket 6, numbered 350,001-500,000 have just been sent from Insight Green, LLC's current official issuing account on Waves to my personal waves wallet. After receiving these tudes, I transformed units 450,001-500,000 into rustys by placing an order to sell these for Waves on the Waves DEX. Here is the pywaves page for Insight Green LLC's official RStory token: http://dev.pywaves.org/assets/Fhpgn2Pn2myE5YahvYy7XAeR3pDQTZXmDGmm5c3nKtRp

Here is a screenshot of the sell order I placed:
1strustywaves.JPG

I've just converted the tudes conferred upon me in (Basket 2, Units 16,501 - 56,500), into rustys by offering these particular gratitude units for sale on the Bitchares DEX in the following way:
KIMG0392.JPG

I, Mr Bailey, CEO of Insight Green, LLC, approve of this message, accept the tokens conferred upon me in baskets 2 and 6, agree to take custody of them, and will perform my custodial duties in full accord with the corporate values of Insight Green, LLC.

Note: this original document was modified at 6:16pm CST to fix a typo in section 'Basket 7'.

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Units 1-1000 from basket 5 are now in RUSTY state for price discovery.

Unit 1001 was used as market fee for price discovery.

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