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.
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Regulation AM0/5
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
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 bidding 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.
DISTRIBUTION: To distribute lots in an auction is to:
* publish a reasonably accurate full history of bids on the
auction and withdrawals from the auction, and
* for each awardee in that auction, revoke the amount to be paid
from that awardee and transfer to that player (or grant em if
the item is new) the set of assets associated with the lot e
won.
The Auctioneer for an auction CAN, by announcement within fourteen
days after the bidding period for an auction ends, and SHALL, in a
timely fashion after that same point, distribute lots. The message
in which e does so is the "resolution message" for that auction.
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
Amended(5) by Trigon, 05 Mar 2022
Annotations:
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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:
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