Difference between revisions of "Economics"
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===Ramath-lehi=== | ===Ramath-lehi=== | ||
| − | On most of Ramath-lehi, the transferring of money is entirely electronic, and does not assume a zero-sum transaction model. Cards are used to transfer money, matched with a user's profile. A rechargeable contactless card used to transfer electronic payments in online or offline systems called | + | On most of Ramath-lehi, the transferring of money is entirely electronic, and does not assume a zero-sum transaction model. Cards are used to transfer money, matched with a user's profile. A rechargeable contactless card used to transfer electronic payments in online or offline systems called Khorta is used everywhere except Bhim. Pendragons can recharge their cards with khasi, Ramath-lehi's currency, at ATM-esque machines called KTM (khasi transfer machines) or at banks. Other than the card itself, watches and mobile phone covers that function as an anonymous Khorta card are offered. The types of watches available include wrist watches, pocket watches, and watch key chains. |
The bio-signiture of the card's owner is encrypted within it, so that if the card is stolen or lost, it cannot be used by another. | The bio-signiture of the card's owner is encrypted within it, so that if the card is stolen or lost, it cannot be used by another. | ||
| − | Making or recording a payment using the card can be done by holding the card against or waving it over an | + | Making or recording a payment using the card can be done by holding the card against or waving it over an Khorta card reader from up to a few centimeters away, even if the card is in a wallet or a purse. The pendragon then needs to place their finger onto the reader so that their bio-signiture and the one on the card can be matched up. The reader will acknowledge payment by emitting a beeping sound, and display the amount deducted and the remaining balance of the card. |
===Bhim=== | ===Bhim=== | ||
Revision as of 14:21, 21 October 2007
Bling, bling...
Ramath-lehi
On most of Ramath-lehi, the transferring of money is entirely electronic, and does not assume a zero-sum transaction model. Cards are used to transfer money, matched with a user's profile. A rechargeable contactless card used to transfer electronic payments in online or offline systems called Khorta is used everywhere except Bhim. Pendragons can recharge their cards with khasi, Ramath-lehi's currency, at ATM-esque machines called KTM (khasi transfer machines) or at banks. Other than the card itself, watches and mobile phone covers that function as an anonymous Khorta card are offered. The types of watches available include wrist watches, pocket watches, and watch key chains.
The bio-signiture of the card's owner is encrypted within it, so that if the card is stolen or lost, it cannot be used by another.
Making or recording a payment using the card can be done by holding the card against or waving it over an Khorta card reader from up to a few centimeters away, even if the card is in a wallet or a purse. The pendragon then needs to place their finger onto the reader so that their bio-signiture and the one on the card can be matched up. The reader will acknowledge payment by emitting a beeping sound, and display the amount deducted and the remaining balance of the card.
Bhim
Bhim, rather than using the INSERT NAME card, still uses coins called Bhjian. The main reason for this is the Black Market and Black Rune Casino stalls; rather than buying a INSERT NAME reader, they simply exchange coins in fixed INSERT CURRENCY amounts. Bhim traders prefer to use Bhjian at the Black Market over the more convenient NAME HERE, because it is relatively untraceable. Unlike INSERT NAME, there is no electronic trail that can be followed, so transactions can be made securely and anonymously.
