I mean, all someone has to do to run an unofficial auction is say that
they'll give a number of assets to someone who gives them the most of some
currency and then maybe back it by a pledge.

On Thu, Oct 18, 2018, 16:28 Kerim Aydin <ke...@u.washington.edu> wrote:

>
>
> On Thu, 18 Oct 2018, Reuben Staley wrote:
> > Create a new power-1 rule entitled 'Free Auctions' with the text:
> >
> >       A player who is not the auctioneer of an existing Auction
> >       specified by this rule CAN, by announcement, initiate an auction
> >       with emself as the auctioneer The lots, minimum bid, and currency
> >       of the Auction shall be set by said player.
>
> This actually is more restrictive than what can be done now with the
> following
> proto-contract:
>
> 1.  The auction described in this contract is run as if the auction rules
> were
> generally part of this contract, with [name] as the auctioneer and [lots]
> as the
> lots.
>
> 2.  Anyone who bids joins the contract.  The winner CAN act on behalf of
> [name]
> to transfer the lots to em.
>
> (Basically, an auction can be run "wholly unofficially", with the only
> legal
> construct needed being the act-on-behalf for the winner to make the
> transfer
> The rule adds the restriction of "not an auctioneer of an existing auction"
> so is more restrictive).
>
>
>

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