On Fri, Apr 11, 2008 at 4:00 PM, ihope <[EMAIL PROTECTED]> wrote: > If a currency has a deposit rate, a person can exchange X instances of > that currency for Y pens, where Y is X divided by the deposit rate for > the currency, rounded down. The currency is transferred to the Bank of > Agora and the pens are awarded to the person.
Surely you mean "multiplied" in this paragraph, not "divided". Having to trade in 90 8-crops for a single pen would be absurd. > The Banker who has been a Banker for > the longest period of time shall ensure that this contract fulfills > all of its obligations. This is insufficient to make the Bank of Agora a partnership. The members upon whom the contract devolves its obligations must number at least two; see R2145. > The Bank needs to be a party to the Agoran Agricultural Association > before it can hold Crops and Water Rights Vouchers; since these are > almost the only liquid currency we have, this is pretty important. If > you agree to this, make sure you have it join. Referring to it as just "The Bank" is likely to cause confusion, since R2166 defines another entity by that name. -root
