Ivan Hope wrote:

>>  Bankers shall take turns publishing the text of and parties to this
>>  contract and ownership of pens.
> 
> We really ought to figure out whose turn it is this week before the
> week is over.

Proto-report, anyone should feel free to publish this (I'll be offline
intermittently for the rest of the weekend).  Someone should also
suggest a pre-defined turn order, so we don't repeat this discussion
every Friday.

Bank of Agora Report

Date of this report:  ...
Date of last report:  Fri 25 Apr 08
(All times are UTC)


Banker         Since                    Pens
--------------------------------------------
AFO            Thu 17 Apr 14:53:23       716
BobTHJ         Fri 11 Apr 22:19:19       901
comex          Thu 17 Apr 14:53:23       116
Ivan Hope      Fri 11 Apr 22:00:26       563
Murphy         Mon 14 Apr 19:28:23        43
Wooble         Thu 17 Apr 13:02:48         6

Total                                   2345


Recent deposits/withdrawals
---------------------------
Fri 11 Apr 23:53:31  Ivan Hope  DEP  3  0 crops
                                     1  1 crop
                                     2  4 crops
                                     2  9 crops
                       (unsuccessful, reason unknown)
Mon 14 Apr 20:31:48  Ivan Hope  DEP  3  0 crops @  56     +168 pens
                                     1  1 crop  @  75.9   + 75 pens
                                     2  4 crops @  36.3   + 72 pens
                                     2  9 crops @  62.1   +124 pens
Wed 16 Apr 20:03:16  Ivan Hope  DEP  1  0 crop  @  56     + 56 pens
                                     1  9 crop  @  68.31  + 68 pens
Thu 17 Apr 00:18:57  Murphy     DEP  1  2 crop  @  93.2   + 93 pens
                                     1  7 crop  @  68     + 68 pens
                                W/D  1  1 crop  @ 117.1   -118 pens
Thu 17 Apr 01:27:52  comex      DEP  2  ? crops
                     AFO        DEP  2  ? crops
                       (unsuccessful, seed not specified)
Thu 17 Apr 13:02:48  Wooble     DEP  1  9 crop  @ 114.1   +114 pens
Thu 17 Apr 14:53:23  comex      DEP  2  0 crops @  58.25  +116 pens
Thu 17 Apr 14:53:23  AFO        DEP  2  0 crops @  58.25  +116 pens
Thu 24 Apr 15:30:30  BobTHJ     DEP 16  4 crops @  48.48  +775 pens
                                    20  VPoints @  36.3   +726 pens
----- time of last report -----
{
Fri 25 Apr 09:45:11  AFO        DEP 10    crops
                                W/D 10    crops
} x 10 (unsuccessful, seed not specified)
Fri 25 Apr 15:44:24  Wooble     W/D  2  4 crops @  53.6   -108 pens


Current deposit/withdrawal rates
--------------------------------
 57.6 / 63.8   0 crops
105.9 /117.1   1 crops
 93.2 /103.1   2 crops
               3 crops  (none)
 48.48/ 53.6   4 crops
 70.05/ 77.44  5 crops
 61.88/ 68.41  6 crops
 68   / 75.17  7 crops
 93.2 /103.1   8 crops
114.1 /126.2   9 crops
 42   / 53     Water Rights Vouchers
 36.3 / 45.1   Vote Points


Rate changes
------------
Fri 11 Apr 22:00:26  Initial deposit/withdrawal rates:
                       0 crops:  56   / 69
                       1 crops:  69   / 85
                       2 crops:  90   /110
                       3 crops:            (none)
                       4 crops:  33   / 41
                       5 crops: 128   /158
                       6 crops:            (none)
                       7 crops: 128   /158
                       8 crops:  90   /110
                       9 crops:  69   / 85
                       WRVs   :  42   / 53
                       VPs    :  33   / 41
Sat 12 Apr 16:13:54  Ivan Hope changes rates:
                       1 crops:  75.9 / 93.5  (+10%/+10%)
                       4 crops:  36.3 / 45.1  (+10%/+10%)
                       5 crops: 140.8 /173.8  (+10%/+10%)
                       7 crops: 115.2 /142.2  (-10%/-10%)
                       9 crops:  62.1 / 76.5  (-10%/-10%)
Sat 12 Apr 18:17:42  Ivan Hope adds rate:
                       6 crops:       / 73    (no deposit rate)
Mon 14 Apr 22:40:47  Ivan Hope changes rates:
                       5 crops: 126.8 /156.5  (-10%/-10% approx.)
                       9 crops:  68.31/ 84.15 (+10%/+10%)
Thu 17 Apr 00:08:05  Ivan Hope changes rates:
                       0 crops:  58.25/ 64.39 (+ 4%/- 7% approx.)
                       1 crops: 105.9 /117.1  (+40%/+25% approx.)
                       2 crops:  93.2 /103.1  (+ 4%/- 6% approx.)
                       3 crops:               (still none)
                       4 crops:  44.08/ 48.73 (+21%/+ 8% approx.)
                       5 crops:  70.05/ 77.44 (-45%/-51% approx.)
                       6 crops:  61.88/ 68.41 ( new/- 6% approx.)
                       7 crops:  68   / 75.17 (-41%/-47% approx.)
                       8 crops:  93.2 /103.1  (+ 4%/- 6% approx.)
                       9 crops: 114.1 /126.2  (+67%/+50% approx.)
Thu 24 Apr 15:30:30  BobTHJ changes rates:
                       4 crops:  48.48/ 53.6  (+10%/+10% approx.)
                       VPoints:  36.3 / 45.1  (+10%/+10%)
----- time of last report -----
Fri 25 Apr 09:45:11  Murphy changes rates:
                       0 crops:  64   / 58    (+10%/-10% approx.)
                     AFO changes rates:
                       0 crops:  58.25/ 64.39 (unsuccessful, W/D rate
                         would change by more than 10%)
Fri 25 Apr 09:49:51  AFO changes rates:
                       0 crops:  57.6 / 63.8  (-10%/+10%)


Contract changes
----------------
Fri 11 Apr 22:00:26  Ivan Hope agrees
Fri 11 Apr 22:19:19  BobTHJ agrees; Bank becomes a public contract
Fri 11 Apr 23:03:06  Ivan Hope fixes bug in deposit formula
Fri 11 Apr 23:53:31  Ivan Hope makes Bankers collectively responsible;
                       Bank becomes a partnership
----- time of last report -----

Current text of contract:

{This is a public contract and a partnership. The name of this
contract is "The Bank of Agora". Parties to this contract may be
referred to as Bankers. A person can only become a party to this
contract if e holds at least 10% of all existing pens. If a Banker
holds less than 10% of all existing pens continuously for seven days,
any person can by announcement cause him to cease to be a Banker.

Pens are a currency. The Bank of Agora is the recordkeepor of pens.
The Bank of Agora cannot hold pens for any length of time; if it
would, the pens are destroyed instead. Any Banker can act on behalf of
the Bank of Agora to publish the portion of its report listing pens
and their owners.

If a currency has a deposit rate, a person can exchange X instances of
that currency for Y pens, where Y is X multiplied 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.

If a currency has a withdrawal rate, a person can exchange X pens for
Y instances of that currency, where Y is X divided by the withdrawal
rate for the currency, rounded down, as long as the Bank of Agora has
at least Y instances of that currency. The pens are destroyed and the
currency is awarded to the person.

The following currencies have the following deposit/withdrawal rates:

<list of rates, see "Current deposit/withdrawal rates" section above>

Once per week, each Banker may change each deposit and withdrawal rate
by not more than 10% of its former value.

The Bank of Agora may perform Contract Changes to itself by
announcement. If a Banker announces eir intent to cause the Bank of
Agora to perform some set of actions and receives the consent of all
other Bankers, e may in a timely fashion from the time of eir
announcement cause the Bank of Agora to perform that set of actions.
Bankers shall act in good faith, keeping in mind that the Bank of
Agora's holdings belong to those people who have pens, not the
Bankers.

Bankers shall take turns publishing the text of and parties to this
contract and ownership of pens. The Bankers shall ensure that
this contract fulfills all of its obligations, and can fulfill these
obligations on behalf of the Bank of Agora by announcement}

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