The Vote Market is the oldest of the currently active economic
contracts. At the time it was created there were no other commonly
traded currencies, there were only VCs (which became Notes). As a
result when I created the Vote Market I had to include a currency as a
means of tracking obligations incurred under the contract. Possessing
an amount of VP less than 50 was simply a means of indicating future
obligations to other players which you owed. Conversely, having an
amount of VP greater than 50 indicated future obligations that other
players owed you.
Now we have a robust economy with dozens of tradable currencies,
including universal currencies like Coins and Chits. Buy and Sell
tickets can be issued with costs in these currencies and recent
history suggests they often are. Vote Points are no longer necessary,
and only serve at this point to over complicate the ticket mechanism
that the contract revolves around. In addition, Vote Market has
consistently had trouble penalizing those players who have become
indebted. Therefore I suggest the following changes (proto):
{
In section 8 replace:
{{
Any party with 50 or more VP may cease to be bound by the Vote
Market agreement by announcement.
}}
with:
{{
Any cash-only party CAN cease to be bound by the Vote Market
agreement. Any credit-based party with 50 or more VP CAN cease to be
bound by the Vote Market agreement by announcement.
}}
Create a new section with the text:
{{
Payment is a person switch with values credit-based (default) or
cash-only. If a first-class party has exactly 50 Vote Points, a
first-class non=party has exactly 0 Vote Points, or if a second-class
person has exactly 0 Vote Points the Broker CAN flip them to cash-only
by announcement. When a player is flipped to cash-only all eir VP are
destroyed, and all outstanding tickets issued by that player with
costs in VP expire. If a cash-only player would gain VP, those VP are
destroyed instead.
When all persons are cash-only, the following changes occur to the
Vote Market agreement, then this section repeals itself:
{{{
Repeal section 2 (the second one)
In sections 3-6 replace "party" with "person" and remove each
occurrence of "(Typically VP)"
Repeal section 7. All parties other than the Broker cease to be party
to the Vote Market agreement.
Repeal section 8.
In section 9 replace "party" with "person".
Repeal section 10.
Create a new section with the text:
{{{{
Creating or filling a ticket as described elsewhere in this contract
implies explicit consent to be governed and bound by this contract for
the purposes of fulfilling the obligations imposed by the creating or
filling of that ticket.
}}}}
}}}
}}
}
