Re: BUS: Re: DIS: PBA question

2008-10-20 Thread Benjamin Schultz
On Oct 20, 2008, at 7:29 PM, Joshua Boehme wrote: Having just re-subscribed, I have no clue what is happening. Seeing as how that has yet to stop me, I register as a player. In the past, I have used the nickname Elysion, and since confusion seems to abound at the present I suppose I shall

Re: BUS: Re: DIS: PBA question

2008-10-20 Thread Kerim Aydin
On Mon, 20 Oct 2008, Joshua Boehme wrote: > Having just re-subscribed, I have no clue what is happening. Seeing as > how that has yet to stop me, I register as a player. In the past, I > have used the nickname Elysion, and since confusion seems to abound > at the present I suppose I shall conti

Re: BUS: Re: DIS: PBA question

2008-10-20 Thread Elliott Hird
On 20 Oct 2008, at 14:07, Geoffrey Spear wrote: I do agree that the existing coins in the PBA's possession should be destroyed, and that withdrawing assets should involve the destruction of coins rather than transfer to the PBA. Feel free to write a different draft, I'm amending it enough as-i

Re: BUS: Re: DIS: PBA question

2008-10-20 Thread Geoffrey Spear
On Mon, Oct 20, 2008 at 8:59 AM, Elliott Hird <[EMAIL PROTECTED]> wrote: > With the support of The People I intend to amend the PBA like so: I object. I'd prefer to leave the lost & found department out of it, and have coins created in the possession of the PBA when anyone destroys them without m

Re: DIS: PBA question

2008-10-20 Thread Alex Smith
On Mon, 2008-10-20 at 00:09 +0100, Elliott Hird wrote: > On 19 Oct 2008, at 23:52, Ian Kelly wrote: > > The number in circulation should be equal to the number required to > > withdraw everything. If there are extra coins in circulation, the > > excess are worthless. If there are insufficient coi

Re: DIS: PBA question

2008-10-19 Thread Ian Kelly
On Sun, Oct 19, 2008 at 6:16 PM, warrigal <[EMAIL PROTECTED]> wrote: > I disagree. There are multiple ways for a bank's assets to exceed its > liabilities; the liabilities going down in value is only one of them. > Assets going up in value and trades that increase assets more than > liabilities are

Re: DIS: PBA question

2008-10-19 Thread warrigal
On Sun, Oct 19, 2008 at 6:52 PM, Ian Kelly <[EMAIL PROTECTED]> wrote: > The number in circulation should be equal to the number required to > withdraw everything. If there are extra coins in circulation, the > excess are worthless. If there are insufficient coins in circulation, > then the coinho

Re: DIS: PBA question

2008-10-19 Thread Elliott Hird
On 19 Oct 2008, at 23:52, Ian Kelly wrote: The number in circulation should be equal to the number required to withdraw everything. If there are extra coins in circulation, the excess are worthless. If there are insufficient coins in circulation, then the coinholders have lost value. -root

Re: DIS: PBA question

2008-10-19 Thread Ian Kelly
On Sun, Oct 19, 2008 at 1:49 PM, Elliott Hird <[EMAIL PROTECTED]> wrote: > The PBA itself currently has 142 coins... I think. > > Is it a good idea to distribute these among the members? > > I don't think so - it'd just mean that over time, everyone would get richer > and richer. > > That would be