Pursuant to Rule 2642, I initiate a stone auction with the following lots: [Wealth Stone], [Power Stone].
The method to be used for this auction is a Selective-bid Auction, defined jointly by regulations AM0 and AM5. In case of contradiction between either the latest published ACORN or the platonic set of auction regulations and the below text, the below text shall control. ------------------------------------------------------------------------ Regulation AM0/4 Generalized Auction Generalized auctions exist to give context to the form of other types of auctions. They CANNOT be held directly. Other auction methods that use this type of auction as a starting point can override attributes of generalized auctions except when it is explicitly stated that that attribute is not able to be overridden. INITIATION: When a person CAN begin an auction by this or any derivative method, e CAN only do so by specifying the type of auction method to be held, a list of lots to be auctioned off, and the currency for the auction in a public message (henceforth the "initiation message"). The bidding period starts at this point. BIDDING: Players CAN place a bid on an auction in its bidding period by creating a public message (henceforth a "bid message") specifying an amount of that auction's currency. Players CAN withdraw from an open auction by announcement. EXCLUSIVITY: Bids in an auction are grouped into classes of that auction. Unless otherwise specified, all bids in a given auction are in a single class. A bid CANNOT be made if, in the class it would be in, another bid already exists with the bid amount of the hypothetical bid. TERMINATION: The bidding period ends four days after the final instance of any of the following events' occurance: * the auction begins * a bid is placed * a player withdraws from the auction RETRIEVAL: When the bidding period ends, the retrieval period begins. During the retrieval period, bidders will be allowed to retrieve the assets required to pay for their bid. The retrieval period lasts three days. Failing to have the requisite assets when the retrieval period for an auction ends constitutes the Class 1 Crime of Underfundedness. AWARDING: For each auction, there are a number of awardees equal to the number of lots. The Nth lot of an auction goes to the Nth awardee of that auction. If the identity of an awardee is undecidable, then that lot cannot be given away. Auction methods specify how awardees are picked for auctions using that method. PAYMENT AMOUNT: The amount that an awardee in an auction is required to pay for eir lot is, unless otherwise specified, the amount of the auction's curency specified in eir highest bid on that auction. FUNDED PLAYERS: Derivative auction methods should ensure that only players who, at the end of an auction's retrieval period, have at least as much of that auction's currency as the amount that e is required to pay in that auction (hereafter "funded players") can be selected as awardees for auctions using that auction method. RESOLUTION: The auctioneer for an auction SHALL, during that auction's retrieval period, create a public message (henceforth the "resolution message") that contains a full history of bids on the auction and withdrawals from the auction. It must also clearly indicate who each awardee would be if all players were funded, as well as the lot each one would recieve. Failing to publish a resolution message constitutes the Class 3 Crime of Auction Negligence. DISTRIBUTION: In a timely fashion after the retrieval period for an auction ends, that auction's auctioneer CAN and SHALL, for each awardee in that auction, destroy the amount to be paid from the inventory of that awardee and transfer to that player (or create in eir possession if the item is new) the set of assets associated with the lot e won. Failing to create or transfer items as described in this paragraph constitutes the Class 3 Crime of Auction Abandonment. ACTIVE BIDS: The set of active bids for an auction is the set of all funded, non-withdrawn players' highest bids on that auction. History: Enacted by Trigon, 08 Aug 2020 Amended(1) by Trigon, 28 Mar 2021 Amended(2) by Trigon, 05 May 2021 Amended(3) by Trigon, 02 Aug 2021 Amended(4) by Trigon, 30 Aug 2021 Annotations: ------------------------------------------------------------------------ Regulation AM5/3 Selective-bid Auctions Selective-bit auctions function like generalized auctions except: * Bidding messages on a selective-bid auction must also specify a lot that is preferred. * One bid class exists for each lot of a given auction, with bids falling into the class for the specified lot. * The Nth awardee of a selective-bid auction is the player who placed the highest bid in the set of bids made by funded, non withdrawn players whose preferred bid is the Nth lot. History: Enacted by Trigon, 08 Aug 2020 Amended(1) by Trigon, 05 May 2021 Amended(2) by Trigon, 02 Aug 2021 Amended(3) by Trigon, 02 Aug 2021 Annotations: ------------------------------------------------------------------------ -- Jason Cobb Assessor, Rulekeepor, Stonemason
