islandsintherift:finance
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islandsintherift:finance [2020/06/02 22:35] – created sam | islandsintherift:finance [2020/06/08 17:36] (current) – sam | ||
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The most common day-to-day transaction are with coins, backed by complex cryptography and electronics. The most common types are given below. | The most common day-to-day transaction are with coins, backed by complex cryptography and electronics. The most common types are given below. | ||
- | | Value | Shape | Notes | | + | | Value | Shape | Notes | |
- | | Cr1 | Circle | Common. | | + | | Cr1 | Circle |
- | | Cr2 | Circle | Common. | | + | | Cr2 | Circle |
- | | Cr5 | Circle | Common. | | + | | Cr5 | Circle |
| Cr10 | Heptagon | Common. | | | Cr10 | Heptagon | Common. | | ||
| Cr20 | Heptagon | Common. | | | Cr20 | Heptagon | Common. | | ||
| Cr50 | Heptagon | Common. | | | Cr50 | Heptagon | Common. | | ||
- | | Cr100 | Heptagon | + | | Cr100 | Note | Uncommon. | |
- | | Cr200 | Heptagon | + | | Cr200 | Note | Uncommon. | |
- | | Cr500 | Heptagon | + | | Cr500 | Note | Uncommon. | |
The above are designed for use in automatic payment machines, and are in common usage, especially under Cr100. They are minted by a major bank normally located at the Sector capital, and are accepted all across the Imperium. The advantage over ' | The above are designed for use in automatic payment machines, and are in common usage, especially under Cr100. They are minted by a major bank normally located at the Sector capital, and are accepted all across the Imperium. The advantage over ' | ||
- | Larger denominations are rarer, and have a rectangular shape. This makes them unusable in the normal machines that automatically take, which is a deliberate choice to prevent them being in common use. They generally require manual checking before they can be used. | + | Up to Cr50 are coins. |
KCr1, KCr2, KCr5, KCr10, KCr20, KCr50 | KCr1, KCr2, KCr5, KCr10, KCr20, KCr50 | ||
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==== Allowances ==== | ==== Allowances ==== | ||
- | Sometimes it's useful to be able to draw an allowance, such as for expenses | + | Sometimes it's useful to be able to draw an allowance, such as for expenses, from multiple systems. Rather than moving the entire account, the user has a card with a cryptographically signed script on it, which controls how much can be withdrawn from a generic account. When the user enters the system, they sign on and the bank updates the card to record that it is registered with that system. |
+ | |||
+ | They can then use the card according to the rules on it. For example, they might be allowed to withdraw Cr1,000 a month, so that's what they will be limited to. | ||
+ | |||
+ | A history of transactions is stored on the card, probably using some form of blockchain. This means you can't withdraw in one system, then go to a second system and withdraw there to avoid any limits - the card knows what you've done and where, and will upload that information to the new bank. |
islandsintherift/finance.txt · Last modified: 2020/06/08 17:36 by sam