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Introducing INK, the Writer's Currency

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Introducing INK, the Writer's Currency

Tips: 5.75 INK Postby Remæus on Tue Dec 05, 2017 7:10 pm

Building on the launch of RPG Achievements, today we are making INK balances visible to all registered members. With transactions dating back as far as 2005, INK is part of a larger vision for RPG and its community of storytellers.

INK is the first step in a major economic initiative, which aims to create a self-sustaining economy for RPG by creating income opportunities for writers, artists, storytellers, and creators of all sorts. This is the beginning of a long journey, so we need your help — read along and get tuned in!

Viewing Your INK Balance
Your INK balance is always visible on the top right-hand corner of the RPG interface, and can be clicked to view a history of transactions associated with your account. Transactions with memos often have direct links to the context in which they were created, so don't hesitate to click around and explore.

Private Assets, Public Ledgers
INK is a digital commodity that operates on a public ledger. This means that all transactions are public, making it easy to verify their correctness. Not unlike Bitcoin, INK uses a peer-to-peer network to secure its transactions using a shared database known as a blockchain — combined with some clever mathematics, this means only you can spend your money.

Selling Virtual Property
After 12 years of worldbuilding, INK allows authors to sell their virtual assets for a currency that empowers them (INK!) to build even greater worlds. Our first public experiment is in allowing users to sell locations over which they hold sovereignty. All RPG users can create their own virtual worlds and offer portions of them for sale via the RPG Marketplace.

Tipping & Gifting
One of the features we've been testing in collaboration with the Beta Testers is Tipping, which allows you to donate small amounts of INK to writers in forum threads. While this is only our first use of the all-new Asset system, we will be rolling this feature out to more areas of the site based on your feedback.

You can find an example of the tip button at the bottom of this post... all thanks appreciated! ;)

Bug Bounties
As we're still in the beta testing phase, RPG is keen to find any vulnerabilities in the system before our public launch to a wider audience. As such, we will be making Bug Bounties available to verified bug reports which identify any previously-unknown incorrect behavior in the INK system. All verified bug reports will also result in the submitter being awarded the unique "Bug Hunter" medal (worth 25 INK at the time of writing).

Please submit bug reports to the following email address: security@roleplaygateway.com

Why a digital currency?
By adopting a stable monetary policy, communities like RPG can form cooperative networks which are unilaterally incentivized to preserve the value they secure. For our goals, we're going to use INK as a medium-of-exchange for the community, allowing content creators to publish and sell their own resources on a peer-to-peer network, without any trusted third parties. This means you'll have complete freedom over your money, with no bank or government controlling your income.

On RPG, the value we're securing is over two decades of writing, storytelling, and worldbuilding — something we've been stringent about maintaining, through careful backups and diligent maintenance. We'll be starting with this use case, expanding our network to include redundant archives, real-time synchronized copies, and dedicated clients for both the desktop and mobile platforms.

We have an incredibly positive view about the future of digital commerce and cryptofinance in general, and believe that by empowering our users, we can build something worthy of replacing the existing server-based Web. If you're interested in the larger vision, check out the Fabric Protocol!

Previously:
- What makes a good currency?, 2016
- What is Bitcoin?, 2016

Next Steps
As a private, member-only currency, we will be making adjustments to INK as we move towards a public launch including backdating existing Achievements, balancing the INK rewards, and adding new features that use this new form of asset. Once we've dotted all of is and crossed all of our ts, we'll flip the switch and turn this thing on.

We need your feedback, so head over to the Feedback Forum and make your thoughts known! We're very excited about the future of digital assets, and now you have your own special part to play in a global revolution.

Onwards to the edge, RPG!
Ludwig von Mises, The Theory of Money and Credit wrote:Perpetual vigilance on the part of the citizens can achieve what a thousand laws and dozens of alphabetical bureaus with hordes of employees never have and never will achieve: the preservation of a sound currency.

Tip jar: the author of this post has received 5.75 INK in return for their work.

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Remæus
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Member for 13 years
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Re: Introducing INK, the Writer's Currency

Tips: 0.25 INK Postby YukiDaGamerWolfie on Tue May 01, 2018 5:25 pm

This site is AWESOME!!

Tip jar: the author of this post has received 0.25 INK in return for their work.

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YukiDaGamerWolfie
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Friendly Beginnings Visual Appeal Recruiter Tipworthy

Re: Introducing INK, the Writer's Currency

Tips: 0.00 INK Postby Adellesigmund on Tue May 22, 2018 5:09 am

great

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Adellesigmund
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Re: Introducing INK, the Writer's Currency

Tips: 0.00 INK Postby Lokisdottir on Sat Sep 08, 2018 10:40 am

Umm... Hi, what's the currency for? What can you use it on?

Tip jar: the author of this post has received 0.00 INK in return for their work.

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Lokisdottir
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Friendly Beginnings Promethean World Builder Visual Appeal Author Conversationalist Inspiration Tipworthy

Re: Introducing INK, the Writer's Currency

Tips: 0.00 INK Postby feminoduceyqueler on Thu Sep 27, 2018 5:19 am

Thank you so for providing such a nice article. Really great work done.

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feminoduceyqueler
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RolePlayGateway is a site built by a couple roleplayers who wanted to give a little something back to the roleplay community. The site has no intention of earning any profit, and is paid for out of their own pockets.

If you appreciate what they do, feel free to donate your spare change to help feed them on the weekends. After selecting the amount you want to donate from the menu, you can continue by clicking on PayPal logo.

 

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