On Mon, Nov 17, 2008 at 2:53 AM, Ed Murphy <[EMAIL PROTECTED]> wrote:
> Proto-contract: Agora Smock Exchange
>
> [Too busy for me to handle manually. I hereby turn the concept over
> to BobTHJ and/or ehird for potential implementation and automation.]
>
> 1) Administrivia:
>
> a) The name of this public contract is the Agora Smock
> Exchange (ASE). This contract is a pledge if and only
> if it has less than two parties.
>
> b) Any party to this contract CAN amend it without party
> objection.
>
> c) Actions described in this contract are performed by
> announcement, unless otherwise specified.
>
> 2) For each currency backed by this contract, its recordkeepor
> is the Broker, and e CAN without party objection cause each
> active first-class player to gain an equal number of units
> of that currency.
>
> 3) Shekels (~) are a currency. A person CAN transfer a Smock from
> the ASE to emself (withdraw it) by transferring its face value
> in shekels from emself to the ASE. A person CAN transfer a Smock
> from emself to the ASE (deposit it) to transfer its face value
> in shekels from the ASE to emself.
>
> 4) Cotton Smocks are a currency. When a proposal is distributed,
> the face value of Cotton Smocks is increased by its adoption index
> (rounded down to the nearest integer).
>
> 5) Denim Smocks are a currency. At the end of a proposal's voting
> period, the face value of Denim Smocks is increased by one if it
> was adopted, or decreased by one if it met quorum but was rejected
> with a Voting Index less than half its Adoption Index.
>
> 6) Flannel Smocks are a currency. When a rule is created, the face
> value of Flannel Smocks is increased by twice its power. When a
> rule is amended, the face value of Flannel Smocks is increased
> by its power. When a rule is repealed, the face value of Flannel
> Smocks is decreased by three times its power.
>
> 7) Linen Smocks are a currency. When an inquiry case is initiated,
> the face value of Linen Smocks is increased by one. When an
> equity case is initiated, the face value of Linen Smocks is
> increased by two. When a criminal case is initiated, the face
> value of Linen Smocks is increased by three.
>
> 8) Any party to this contract CAN, with party support, label a
> change in face value as spam. That type of Smock's face value
> thereby decreases (increases) by twice the amount that it
> originally increased (decreased) due to that change. Parties
> SHALL NOT do this unless the change was caused by one of a large
> number of similar frivolous actions, or was itself an ILLEGAL
> spam labeling.
>
> 9) At the end of each month, each type of Smock's face value
> decreases by 50.
>
> 99) When this contract is created:
>
> a) Each active first-class player gains ~3,000 and one of each
> type of Smock.
>
> b) The ASE gains ten of each type of Smock.
>
> c) The face value of each type of Smock is initialized to 500.
>
> d) <name> becomes the Broker.
>
> e) This clause is repealed.
>
Wouldn't it be best then to always buy Linen Smocks and Cotton Smocks,
and sell them at the end of the month, and repeat?
