On Tuesday, June 2, 2020 8:34:29 PM CDT you wrote:
> I don’t think this specifies how one becomes a party, so it will require
> amendments to add parties. I would like to become a party.
Oops, I guess I incorrectly assumed that you could default join.
I cease to be a party to the Needlessly Abstract Exchange if I am, which
causes it to terminate automatically as it has less than 1 party.
Here's a new version, with joining by announcement.
I agree to and become a party to the below contract.
{
Contract: Needlessly Abstract Exchange
Part I: Definitions
The Needlessly Abstract Exchange (also known as NAX) is a contract which
facilitates trading among Agorans by providing a fair third party to
manage assets mid-trade.
Any party to this contract is a trader. Any player CAN become or cease
to be a party to this contract by announcement.
The Exchange Manager is a title belonging to a specific trader. If there
is no Exchange Manager or the Exchange Manager would be an entity that
is not a trader, the entity that has been a trader for the longest
(continuously) becomes the Exchange Manager.
The Purse is an integer. If the value of The Purse is indeterminate or
ambiguous, it becomes 0.
An Order represents a trade. Orders have a Creater, a Fulfiller, Goods,
Fullfillment Conditions, and may have an Expiration Condition (if none
is specified, an order has no Expiration Condition). Goods is a list of
assets, and Fulfillment Conditions can be any text that describes or
could at some point describe any combination of assets, actions, or
other conditions. Orders may be closed, pending, or open and are open
when created.
Part II: Order Creation and Fulfillment
For every order a trader Creates or attempts to Fulfill, e must first
pay 1 coin to this contract (not as part of an order creation or
fulfillment) in the same message; otherwise it is INEFFECTIVE. For every
coin paid to the contract this way the Purse is increased by 1.
Any trader CAN create an order by paying any (non-zero) number of assets
to this contract, specifying Fulfillment Conditions, and optionally
specifying Expiration Conditions. E becomes the Creator of the order,
and all assets paid become the Goods of the order.
Any trader CAN attempt to fulfill a specified open order by
announcement, and by additionally paying any number of assets to the
contract, specifying any actions e does in the same message, and
specifying any other evidence e has successfully fulfilled the order.
The order becomes pending and e becomes the Fulfiller of the order.
PART III: Resolving Orders
For each pending order, the Exchange Manager SHALL, in a timely fashion
and by announcement, declare the attempt to fulfill Successful or
Unsuccessful. E SHALL only declare the attempt Successful if e believes
the Fullfillment Conditions have been met and SHALL NOT declare the
attempt Unsuccessful unless e believes the Fullfillment Conditions have
not been met.
When the Exchange Manager declares an attempt Successful, e CAN and
SHALL transfer the Goods of the order from this contract to the
Fulfiller and transfer any assets that were transferred to the contract
as part of the fulfillment attempt to the Creater of the order. The
order becomes closed.
When the Exchange Manager declares an attempt Unsuccessful, e CAN and
SHALL transfer any assets that were transferred to the contract as part
of the fulfillment attempt to the Fulfiller. The order becomes open.
PART IV: Annulling Orders
When the Exchange Manager believes that it would be impossible to
fulfill an open order or that the expiration conditions of an open order
have been met, e CAN and SHALL, in a timely fashion, Annul the order by
transfering all Goods to the Creater of the order. The order becomes
closed. When e does so, the Exchange Manager CAN transfer 1 coin from
this contract to the creater and SHOULD do so if e believes the reason
the order should be annulled was an error, such as a typo or
misunderstanding of this contract; if e does the Purse is decreased by
one.
The Exchange Manager CAN annul an open order without reason by
transferring 1 coin from this contract to the creater. E SHOULD NOT do so
unless the creater has made more than 2 orders in the last 7 days.
PART V: NAX Reports
Once a week the Exchange Manager SHALL publish a report. This report
SHALL contain a list of any outstanding orders and a list of any orders
that have closed in the last week. If it has been more than a week since
the last NAX report, this report SHOULD contain all orders that have
closed since the last such report. When e publishes such a report, e CAN
transfer X coins from this contract to emself, where X is the current
value of the purse. When e does so, the purse becomes 0.
PART VI: Election and Management
Any trader may elect any other trader to be the Exchange Manager,
replacing the current Exchange Manager, with X support where X is 1 more
than half (rounded up) of the number of traders.
The Exchange Manager CAN cap any trader who has created more than 2
orders in the last 7 days by announcement. A trader who has been capped
CANNOT create new orders for 7 days from when e made eir last order.
}
--
nch
