What is writing worth on the Internet? What about your time reading? The fact is that these days neither is worth anything. Words are now free, easy to copy and distribute as much as you want. StoriedCoin (SDC) is a design to examine the question of value and writing on the Internet, focusing on bloggers and authors of longform (1,200-2,000 words) content.
StoriedCoin is a way to put a better value on the words you write and time you spend reading them. It reintroduces scarcity, providing measurable and exchangeable value. It is a decentralised and interoperable protocol of writing and reading value, utilising an open ledger and blockchain based currency.
Authors would use StoriedCoin in two ways, the first of which is as a means of using an open ledger to verify their ownership of what they have written and proving it’s versioning. Secondly, StoriedCoin links the record what is on that ledger to a value that is exchangeable and trackable. When someone reads something published on StoriedCoin they have the spend StoriedCoin in order to do so. The reader also only pays for as much as they read. This value is then paid in exchange to the author.
The most important aspect of StoriedCoin is that it provides a pay model for authors that doesn't require a paywall or advertising, along with an exchangeable store of value and attention.