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LOOM

GSF System is pleased to announce the availability of gold Globals and silver Isles via the Loom API. A web wallet interface is available - see access for details. 

ASSET TYPES

The asset type issued by GSF System change annually. The current valid asset types are:

FY 2011 GSFS GLO

Also known as "Fiscal Year 2011 GSF System Gold Globals". Paste this asset description into your wallet:

ea28cf777fbd09495b765cebae93cdd7x6x2x46592032303131204753465320474c4fxb8ed7aaf

FY 2011 GSFS SIL

Also known as "Fiscal Year 2011 GSF System Silver Isles". Paste this asset description into your wallet:

ee79c38b561066fc5d3ac4cd79f55201x6x2x4659203230313120475346532053494cx8fd9e54a

LOOM SYSTEM ACCESS

The Loom API is the mechanism that all applications can access the GSF System Loom vouchers. A simple web wallet, written directly in the Loom API is available via the same SSL secure servers. The back end of loom.cc can be reached via:

  1. https://loom.cc/
    Standard SSL cert.
  2. https://secure.loom.cc/
    SSL cert signed by our trusted CA.
  3. https://6hvlygtawsfibj54.onion/
    tor based access, independent of DNS. SSL cert signed by our trusted CA.

Loom servers are NOT located at the public IP address. Data is mirrored locally and geographically. The source code for the loom.cc server is published. You can issue assets at loom.cc or run your own server.

FEES

GSF System charges a 2.5% annual storage fee that is recovered when you exchange the previous year's tokens for the current tokens. You have a full year to do this. Transaction fees on Loom relate to storage of data, mostly history should you choose to retain such - Loom's storage tokens are sold by the operator of Loom.

ESCHEAT SCHEDULE
 
An escheat schedule is implemented to ensure that the liabilities of GSF System remain bounded in time. Electronic wallets should have no problem automating the exchange of tokens. Only those who have irrecoverably lost their pass phrases or been otherwise negligent will end up escheated.
 
Escheat schedule - 2.5% times the number of years. On 1st January of the 6th year, any remaining tokens are deemed lost.
 
Year Total Fee Comment
1 2.5%  
2 5%  
3 7.5%  
4 10%  
5 12.5%  
6 100% Tokens removed from circulation

Common Law

GSF System