status: https://faculty.washington.edu/kerim/nomic/cases/#3735 (This document is informational only and contains no game actions).
=============================== CFJ 3735 =============================== There was only one valid bid, namely for 1 coin by CuddleBeam. ========================================================================== Caller: Baron von Vaderham Judge: Falsifian Judgement: TRUE ========================================================================== History: Called by Baron von Vaderham: 14 Jun 2019 06:29:31 Assigned to Falsifian: 14 Jun 2019 16:45:11 Judged TRUE by Falsifian: 18 Jun 2019 06:08:58 ========================================================================== Caller's Arguments: Trigon bid 2 Mexican pesos. Mexican pesos are coins. Valid currency for this auctions is coins Since Trigon bid two coins, and nowhere was it stated that the only legal tender was an AGORAN coin, I argue that there were TWO valid bids. -------------------------------------------------------------------------- Caller's Evidence: omd wrote:
Sent: Thursday, June 13, 2019 10:49:21 PM To: agora-business at agoranomic.org Subject: BUS: Re: OFF: Dollar Auction On Wed, Jun 5, 2019 at 12:29 AM omd wrote: > I hereby initiate an Auction. I am the Auctioneer and the Announcer; > the currency is coins, and the minimum bid is one coin. > > This Auction contains a single lot, and that lot contains a single\ > item, namely, > > ONE UNITED STATES DOLLAR. As the Announcer, I announce the end of this Auction. There was only one valid bid, namely for 1 coin by CuddleBeam. E is the winner of the only lot, and is now required to transfer payment.
-------------------------------------------------------------------------- Gratuitous arguments from V.J. Rada ===================================
Words take their ordinary meaning when not defined by the rules. Coins are defined by the rules as "the official currency of Agora tracked by the Treasuror" under rule 2483 "Coins". A currency is "a class of asset defined as such by its backing document". A backing document is a rule or Contract. Therefore pesos, which are defined by the laws of Mexico, are not coins.
Timeline ======== All times are UTC. 2019-06-05 07:29 omd initiates an auction, specifying "the currency is coins". 2019-06-05 12:57 Cuddle Beam announces: "I bid 1 coin." 2019-06-06 21:24 Trigon announces: "I bid TWO UNITED STATES DOLLARS." 2019-06-07 01:59 Trigon announces: "I bid TWO MEXICAN PESOS." Judgement ========= The below is essentially V.J. Rada's argument, plus a bit more about what "UNITED STATES DOLLARS" and "MEXICAN PESOS" are. Rule 2550 regulates bidding in auctions:
A person authorized to bid on an Auction CAN do so by announcement, specifying the amount of the Auction's currency to bid.
The Rules define a currency as "a class of asset defined as such by its backing document". Rule 2166 ("Assets") defines assets to be entities "defined as such by a document that has been granted Mint Authority by the Rules", and defines the only kinds of document that have Mint Authority: rules and contracts. The question is: did either of Trigon's bids specify an amount of the auction's currency? The auction's currency is "coins". The rules only define one currency called "coins". I don't know whether any contracts exist that also define currencies called "coins", but if there are any they haven't been seen in a while. So it's clear that omd was referring to the currency "Coins" defined by Rule 2483. In the ordinary language sense, "UNITED STATES DOLLARS" and "MEXICAN PESOS" are units of currency. They could conceivably refer to coins, but they only way the could refer to Agoran Coins is if Trigon was using Agoran jargon I'm not aware of, and that doesn't seem likely. (Slightly relevant: G. recently posted on the discussion list about CFJ 3663, which has some observations about jargon.) I judge CFJ 3735 TRUE. ==========================================================================