DIS: Re: BUS: [Contract] The Needlessly Abstract Exchange

[Publius Scribonius Scholasticus via agora-discussion]

> On Jun 2, 2020, at 20:51, nch via agora-business 
> <agora-busin...@agoranomic.org> wrote:
> 
> I agree to the following 
> 
> {
> 
> Contract: Needlessly Abstract Exchange
> 
> Part I: Definitions
> 
> The Needlessly Abstract Exchange (also known as NAX) is a contract which
> facilitates trading among Agorans by providing a fair third party to
> manage assets mid-trade.
> 
> Any party to this contract is a trader.
> 
> The Exchange Manager is a title belonging to a specific trader. If there
> is no Exchange Manager or the Exchange Manager would be an entity that
> is not a trader, the entity that has been a trader for the longest
> (continuously) becomes the Exchange Manager.
> 
> The Purse is an integer. If the value of The Purse is indeterminate or
> ambiguous, it becomes 0.
> 
> An Order represents a trade. Orders have a Creater, a Fulfiller, Goods,
> Fullfillment Conditions, and may have an Expiration Condition (if none
> is specified, an order has no Expiration Condition). Goods is a list of
> assets, and Fulfillment Conditions can be any text that describes or
> could at some point describe any combination of assets, actions, or
> other conditions. Orders may be closed, pending, or open and are open
> when created.
> 
> Part II: Order Creation and Fulfillment
> 
> For every order a trader Creates or attempts to Fulfill, e must first 
> pay 1 coin to this contract (not as part of an order creation or 
> fulfillment) in the same message; otherwise it is INEFFECTIVE. For every 
> coin paid to the contract this way the Purse is increased by 1.
> 
> Any trader CAN create an order by paying any (non-zero) number of assets 
> to this contract, specifying Fulfillment Conditions, and optionally 
> specifying Expiration Conditions. E becomes the Creator of the order, 
> and all assets paid become the Goods of the order.
> 
> Any trader CAN attempt to fulfill a specified open order by 
> announcement, and by additionally paying any number of assets to the
> contract, specifying any actions e does in the same message, and
> specifying any other evidence e has successfully fulfilled the order.
> The order becomes pending and e becomes the Fulfiller of the order.
> 
> PART III: Resolving Orders
> 
> For each pending order, the Exchange Manager SHALL, in a timely fashion 
> and by announcement, declare the attempt to fulfill Successful or 
> Unsuccessful. E SHALL only declare the attempt Successful if e believes 
> the Fullfillment Conditions have been met and SHALL NOT declare the 
> attempt Unsuccessful unless e believes the Fullfillment Conditions have
> not been met.
> 
> When the Exchange Manager declares an attempt Successful, e CAN and 
> SHALL transfer the Goods of the order from this contract to the 
> Fulfiller and transfer any assets that were transferred to the contract 
> as part of the fulfillment attempt to the Creater of the order. The 
> order becomes closed.
> 
> When the Exchange Manager declares an attempt Unsuccessful, e CAN and 
> SHALL transfer any assets that were transferred to the contract as part
> of the fulfillment attempt to the Fulfiller. The order becomes open.
> 
> PART IV: Annulling Orders
> 
> When the Exchange Manager believes that it would be impossible to 
> fulfill an open order or that the expiration conditions of an open order 
> have been met, e CAN and SHALL, in a timely fashion, Annul the order by 
> transfering all Goods to the Creater of the order. The order becomes 
> closed. When e does so, the Exchange Manager CAN transfer 1 coin from 
> this contract to the creater and SHOULD do so if e believes the reason 
> the order should be annulled was an error, such as a typo or 
> misunderstanding of this contract; if e does the Purse is decreased by 
> one.
> 
> The Exchange Manager CAN annul an open order without reason by 
> transferring 1 coin from this contract to the creater. E SHOULD NOT do so 
> unless the creater has made more than 2 orders in the last 7 days.
> 
> PART V: NAX Reports
> 
> Once a week the Exchange Manager SHALL publish a report. This report 
> SHALL contain a list of any outstanding orders and a list of any orders 
> that have closed in the last week. If it has been more than a week since 
> the last NAX report, this report SHOULD contain all orders that have 
> closed since the last such report. When e publishes such a report, e CAN 
> transfer X coins from this contract to emself, where X is the current 
> value of the purse. When e does so, the purse becomes 0.
> 
> PART VI: Election and Management
> 
> Any trader may elect any other trader to be the Exchange Manager, 
> replacing the current Exchange Manager, with X support where X is 1 more 
> than half (rounded up) of the number of traders.
> 
> The Exchange Manager CAN cap any trader who has created more than 2 
> orders in the last 7 days by announcement. A trader who has been capped 
> CANNOT create new orders for 7 days from when e made eir last order.
> 
> 
> }
> 
> -- 
> nch
> 

I don’t think this specifies how one becomes a party, so it will require 
amendments to add parties. I would like to become a party.