On Friday 11 July 2008 02:49:19 pm Roger Hicks wrote: > On Fri, Jul 11, 2008 at 9:42 AM, Ben Caplan wrote: > > On Thursday 10 July 2008 08:18:54 pm Sgeo wrote: > >> this amount of the currency, specifies a > >> maximum FINE amount, and the amount is no greater than the > > > > Should be: > >> this amount of the currency, and the backing document specifies > >> a maximum FINE amount, and the amount is no greater than the > > > > Pavitra > > Why have a maximum fine amount? This again restricts which currencies > can be fined to those contracts that specify a maximum. Wouldn't it be > better to allow the judge to decide a fair fine amount and appeal that > case for unfair amounts?
We want to restrict fines to currencies whose backing documents opt-in to fineability. Now, we could make it binary rather than scalar (instead of "The maximum FINE amount of VP is 7", "VP are fineable"), if you want to give more power to the judge, but fineability really has to be opt-in, or at the very least opt-out. Otherwise zero-sum currencies such as VP will horribly break. Pavitra
