Post by Insano-Man on Sept 18, 2018 19:29:02 GMT -5
This topic is a child of the Cloneston article directory.
PHONEY MONEY
Money in Cloneston is handled in a single form of currency; the Columbia Finance Cryptodollar, CFC, Cloneston dollar, or - puzzlingly - baldybucks. The Cloneston dollar, as per its official name, is a cryptocurrency. It is handled primarily via electronic exchange, with a relative handful of commerce conducted via printer-produced cash chips. Only the city's AIs are legally allowed to mine and distribute it. Despite this, criminal operations are responsible for the vast majority of all cryptomining in the city - and, without them, the economy would quickly grind to a halt.
Looney base credits have no value in the city. Space Looney fuel credits have only a thin level of recognition. Barter is rare and illegal. Cryptomining carried out by AIs is slow, slim, and prone to unpredictable delays or accelerations. Payouts by AI-run businesses and universal income are paltry and unreliable. As a result, hackers and crime families often control the city's fragile economy. Many are direct clients of lawful businesses and supply a steady flow of reliable finances. Many more deal with prime intelligences to supplement their income. Countless others remain at odds with the law by dealing with other criminal organizations. To be a miner in Cloneston is a valuable and versatile trade.
Strictly speaking, human-run businesses are illegal in Cloneston. Only the city's AIs are lawfully allowed to organize private enterprise. In spite of this, the city is flooded with everything from convenience stores to multi-billion dollar arms corporations. This is thanks to Cloneston's prime intelligences, who shield and safeguard human economic activity across the city in an effort to promote their own popularity. Lesser AIs attempting to clamp down on business are often destroyed or brought offline. Most others have the basic intellect necessary to learn from their example. Police raids on private businesses are rare.
In keeping with this trend, most establishments are affiliated with one or more prime intelligences. Many pay small, often trivial taxes to maintain their business. Those that do not are often at the mercy of the more primitive AIs or local gangs. Some seek protection from crime syndicates, which, in turn, often seek patronage from the city's prime intelligences or prominent factions to safeguard their earning businesses. Many complicated relationships of direct, indirect, and competing relationships weave through Cloneston's economy. Many businesses are so deeply-connected as to be invulnerable to scrutiny.
Cashflow in Cloneston is fast - very fast. Money exchanges hands so quickly that an entire caste of AIs is dedicated to managing the sheer volume of commerce in the city, lawful and otherwise. AI-run electronic banks handle enormous throughputs of financial movement. Laundering and cryptomining run as smoothly as legitimate enterprises. Invisible heists tick by in the dozens with each minute as hackers siphon away electronic vaults. Cash chips are printed and passed on by senators' agents, clone inside men, and alien couriers. In a city so rife with inefficient and corrupt AIs, business is smooth.
PHONEY MONEY
Money in Cloneston is handled in a single form of currency; the Columbia Finance Cryptodollar, CFC, Cloneston dollar, or - puzzlingly - baldybucks. The Cloneston dollar, as per its official name, is a cryptocurrency. It is handled primarily via electronic exchange, with a relative handful of commerce conducted via printer-produced cash chips. Only the city's AIs are legally allowed to mine and distribute it. Despite this, criminal operations are responsible for the vast majority of all cryptomining in the city - and, without them, the economy would quickly grind to a halt.
Looney base credits have no value in the city. Space Looney fuel credits have only a thin level of recognition. Barter is rare and illegal. Cryptomining carried out by AIs is slow, slim, and prone to unpredictable delays or accelerations. Payouts by AI-run businesses and universal income are paltry and unreliable. As a result, hackers and crime families often control the city's fragile economy. Many are direct clients of lawful businesses and supply a steady flow of reliable finances. Many more deal with prime intelligences to supplement their income. Countless others remain at odds with the law by dealing with other criminal organizations. To be a miner in Cloneston is a valuable and versatile trade.
Strictly speaking, human-run businesses are illegal in Cloneston. Only the city's AIs are lawfully allowed to organize private enterprise. In spite of this, the city is flooded with everything from convenience stores to multi-billion dollar arms corporations. This is thanks to Cloneston's prime intelligences, who shield and safeguard human economic activity across the city in an effort to promote their own popularity. Lesser AIs attempting to clamp down on business are often destroyed or brought offline. Most others have the basic intellect necessary to learn from their example. Police raids on private businesses are rare.
In keeping with this trend, most establishments are affiliated with one or more prime intelligences. Many pay small, often trivial taxes to maintain their business. Those that do not are often at the mercy of the more primitive AIs or local gangs. Some seek protection from crime syndicates, which, in turn, often seek patronage from the city's prime intelligences or prominent factions to safeguard their earning businesses. Many complicated relationships of direct, indirect, and competing relationships weave through Cloneston's economy. Many businesses are so deeply-connected as to be invulnerable to scrutiny.
Cashflow in Cloneston is fast - very fast. Money exchanges hands so quickly that an entire caste of AIs is dedicated to managing the sheer volume of commerce in the city, lawful and otherwise. AI-run electronic banks handle enormous throughputs of financial movement. Laundering and cryptomining run as smoothly as legitimate enterprises. Invisible heists tick by in the dozens with each minute as hackers siphon away electronic vaults. Cash chips are printed and passed on by senators' agents, clone inside men, and alien couriers. In a city so rife with inefficient and corrupt AIs, business is smooth.
