On Mon, Oct 13, 2008 at 4:53 PM, Elliott Hird
<[EMAIL PROTECTED]> wrote:
> I agree to the following:
> {
> 1. This is a public contract named "The People's Bank of Agora" (PBA).
>
> 2. Any person may join this contract by announcement.
>
> 3. Any party to this contract can leave it by announcement. Upon doing so
> all
> eir coins are transferred to the PBA.
>
> 4. Parties to this contract are known as Comrades.
>
> 5. Comrades shall ensure that the PBA obeys the rules of Agora to the
> maximum
> possible extent.
>
> 6. "With the support of The People" means "with 2 Comrade support and
> without 3
> Comrade objections".
>
> 7. This contract can be amended with the support of The People.
>
> 8. Any Comrade can act on behalf of this contract by announcement with
> majority
> Comrade consent.
>
> 9. There is a currency called coins with a maximum fine amount of 100.
>
> 10. Coins can only be created, destroyed and transferred as specifically
> allowed
> by this contract.
>
> 11. The recordkeepor for coins is the Coinkeepor.
>
> 12. The Coinkeepor is ehird.
>
> 13. The Coinkeepor shall publish a PBA report at least once each week
> including
> the current holdings of coins, the current exchange rates, and the assets
> the
> PBA currently possesses.
>
> 14. Text of the form "^N" where N is a number (e.g. ^34) means "N coins"
> unless
> such an interpretation could be ambiguous.
>
> 15. Any Comrade can make a non-fixed Agoran currency into an Eligible
> Currency
> with the support of The People.
>
> 16. Every Eligible Currency has an exchange rate, initially 10, which can be
> set
> with the support of The People. If any action, automatic or otherwise, would
> cause an Eligible Currency's exchange rate to go below 0, it instead becomes
> 0.
>
> 17. Every midnight (UTC) that the PBA has zero of a given Eligible Currency,
> that currency's exchange rate goes up by 2. Every Monday midnight (UTC) that
> the
> PBA has a non-zero amount of a given Eligible Currency, that currency's
> exchange
> rate goes down by 2.
>
> 18. An Comrade can transfer any amount of coins in eir possession to another
> Comrade by announcement.
>
> 19. An Comrade can destroy any amount of coins in eir possession by
> announcement. Upon doing so the same amount of coins are created in the
> possession of the PBA.
>
> 20. An Comrade can transfer one instance of an Eligible Currency to the PBA
> by
> announcement. Upon doing so the target currency's exchange rate goes down by
> 1,
> then a number of coins equal to the exchange rate of that currency are
> created
> in the transferrer's possession. This is referred to as a "deposit".
>
> 21. An Comrade can transfer an amount of coins in eir possession equal to
> the
> specified target currency's exchange rate to the PBA, as long as the PBA has
> at
> least one instance of that currency. Upon doing so one instance of the
> target
> currency is transferred from the PBA to the Comrade who transferred the
> coins,
> then the target currency's exchange rate goes up by 1. This is referred to
> as a
> "withdrawal".
>
> 22. Destroying some currency for coins or vice-versa can be referred to as
> "exchanging".
>
> 23. When this contract is created, the following currencies become Eligible
> Currencies, then this section repeals itself: Each type of Crop, Water
> Rights
> Vouchers, Favors, Vote Points, each pitch of Credit and Points Vouchers.
> }I join this contract. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. I deposit a 7 crop for 10 coins. I transfer 9 coins to the PBA to withdraw a 7 crop. -root
