I consent to being Bankor of the following contract. 1) The name of this contract is The National Bank of Agora.
2) At any given time, exactly one member of this contract is the Bankor. The Bankor may transfer this position to any consenting member. 3) A person MAY join this contract by announcement. A member MAY leave this contract by announcement. 4) The Bankor CAN amend this contract without member objection. 5) Each bead has exactly one color. Each bead color is a currency. Bead ownership is limited to members. The Bankor is the recordkeepor of beads. 6) Any member MAY spend 1 VC to create 1 bead of the same color. 7) Any member MAY spend 1 bead to create one 1VC of the same color. 8) Any member MAY spend N+1 beads to give someone N beads. [ Any problems with this, rules-wise? Sure hope not. ]
