On Mon, Jun 30, 2008 at 10:08 PM, ihope <[EMAIL PROTECTED]> wrote:
> Without objection, I intend to amend the Note Exchange agreement to
> read as follows:
>
> {This is a public contract and a pledge by the name of "The Note Exchange".
>
> For each pitch of Note, the corresponding Credit is a currency, and
> the corresponding Marker is a fixed currency. Ivan Hope CXXVII is the
> recordkeepor of Credits and Markers, and generally cannot create them
> by announcement. Credits and Markers generally cannot be destroyed by
> announcement, and ownership of Markers is restricted to parties to
> this contract.
>
> Any party to this contract except Ivan Hope CXXVII can leave it by
> announcement if e holds no Markers.
>
> If a person holds more Notes of a pitch than Markers of that pitch, e
> can, by announcement, award eirself both a Credit and a Marker of that
> pitch. A person shall not take any action that would cause em to hold
> less Notes of a pitch than Markers of that pitch.
>
> If a person holds a Credit and a Marker of the same pitch, e can by
> announcement destroy both of them.
>
> A person is in debt with respect to a pitch iff e holds more Markers
> of that pitch than Credits of that pitch.
>
> If a person holds a set of Credits, e may by announcement redeem the
> Credits, specifying a person who holds a matching set of Markers, a
> manner of spending Notes defined by Rule 2126, and any parameters
> required for that manner of spending Notes. A person CANNOT redeem a
> set of credits unless the redeemee is in debt with respect to every
> pitch in the set, or the redeemee has consented to the redemption.
>
> When a set of credits is redeemed, the Credits and Markers are
> destroyed, and the redeemee shall spend the Notes in the specified
> manner with the specified parameters as soon as possible.}Without objection, I do so. --Ivan Hope CXXVII
