On Fri, May 1, 2009 at 10:31 PM, Elliott Hird <penguinoftheg...@googlemail.com> wrote: > Add auto rates and I'm sold.
I'm explicitly not including auto rates in this. I actually think the PBA did pretty well, but my highest priority is preventing scams-- a bank should be a trustworthy place to invest your assets. Most normal transactions are low-volume but scams are very high-volume, and diminishing returns should significantly slow down the latter without much affecting the former. I'm not sure I've set the limit at the right place, but the rate multipliers can be changed once the IBA has some real-world experience. Auto rate systems don't necessarily enable scams, but your assumption with the PBA was wrong: there was too much apathy for your expected periodic mini-scams to stabilize the rates, and I think that applies in general for assumptions about market forces and whatnot. So I'm going to go with a manual system this time, and we'll see what happens! Second draft, with lots of bugfixes, slightly changed multipliers (thanks for the advice, BobTHJ), and initial rates at the bottom: =============================================================================== I. IBA This is the Industrial Bank & Agora. The currency of the IBA is zorkmids (zm); the recordkeepor of zorkmids is the President. Any person CAN join this contract by announcement. Any party to this contract CAN leave it by announcement, unless e is involved in a pending Offer. The President of the IBA is comex. II. Summary - You can join the contract by announcement. Please join before attempting to make Offers or vote ISELL-- your only obligations are to uphold the terms of Offers you make. - You can deposit 4 assets per week for the standard rate; further deposits give you diminishing returns to prevent scams, but you can still get a good price for up to 10. - You can always withdraw assets for the standard rate. - You can intend to sell or buy assets, naming a price; this is known as an Offer, and other parties can fill the Offer by announcement. - ISELL works like SELL, but you can vote ISELL on dependent actions as well as decisions. III. Banking Every asset has a Rate in zorkmids, intially zero. The President's report includes a Rate List containing all nonzero Rates. IV. Withdrawal A person CAN withdraw an asset in the IBA's possession if e has at least its Rate in zorkmids; those zorkmids are destroyed in eir possession and the IBA transfers the asset to em. V. Deposits A person CAN deposit an asset by transferring it to the IBA; e then gains the Effective Rate in zorkmids. The Effective Rate for a deposit is its Rate, multiplied by a value depending on the number of previous deposits made in the same week with the same Executor, and rounded to the nearest integer: prev rate 0-3 1.00 4-6 0.90 7-9 0.80 10 0.73 11 0.62 12 0.50 13 0.38 14 0.26 15 0.18 16 0.12 17 0.08 18 0.05 19 0.03 20 0.02 21- 0.01 VI. Offers An Offer is an entity with three fields: Selling: (a nonempty list of assets and/or actions) For cost: (a nonempty list of assets and/or actions) Repeats: (a nonnegative integer, or infinity; default 1) A person CAN create an Offer by announcement, thus becoming its offerer. A person CAN destroy an Offer for which e is the offerer by announcement. A party (the filler) CAN fill an Offer by announcement if and only if: - the offerer is a party, and - the offerer has the assets in the 'Selling' field (if any), and CAN perform the actions in that field (if any), and - the filler has the assets in the 'For cost' field (if any), and CAN perform the actions in that field (if any). When an Offer is filled, - the IBA acts on behalf of the offerer to transfer the assets in the 'Selling' field to the filler, and to take the actions in the 'Selling' field, and - the IBA acts on behalf of the filler to transfer the assets in the 'For cost' field to the offerer, and to take the actions in the 'For cost' field, and - the Offer's 'Repeats' field is decreased by one. An Offer with zero Repeats is automatically destroyed. To intend to sell X for Y is to create an Offer with X as 'Selling' and Y as 'For cost'; to intend to buy X for Y is to create an Offer with X as 'For cost' and Y as 'Selling'; to intend to sell A*X for Y each is to create an Offer with X as 'Selling', Y as 'For cost', and A as 'Repeats'; etc. Examples: - I intend to sell a WRV for 8 zm. - I intend to sell 4 G# Credits for 2 zm each. - I intend buy a Land for 3 zm. - I intend to sell a WRV for a Land. VII. Selling Votes Voting ISELL(X) on a decision is equivalent to intending to sell a number of votes equal to your voting limit on that decision for X. Voting ISELL(X - A*Y) on a decision (A equals one if not specified) is equivalent to intending to sell A votes on that decision for X, and then voting A*Y. Examples: - ISELL(8 zm) - allow all of your votes to be purchased as a block for 8 zm - ISELL(8 zm - AGAINST*8) - cast 8 AGAINST votes, which can be purchased as a block for 8 zm - 8*ISELL(1 zm) - allow each of your votes to be purchased separately for 1 zm each - 8*ISELL(1 zm - AGAINST) - cast 8 AGAINST votes, each of which can be purchased separately for 1 zm When an Offer is filled that specifies a number of votes on a certain Agoran decision in the 'Selling' or 'For cost' field, the offerer or filler respectively - retracts enough (if any) of eir ballots on that decision that the following ballots are valid and do not exceed eir voting limit; - casts the specified number of ballots with the option specified by the other party; and - SHALL NOT retract these ballots. If this process is impossible, the Offer CANNOT be filled. Retractions of ballots caused by this process are performed in the order the ballots were originally submitted. VIII. Selling Support/Objection Opining ISELL(X) on an intent to perform a dependent action is equivalent to intending to sell an opinion on that action for X. Opining ISELL(X - Y) on an intent to perform a dependent action is equivalent to intending to sell an opinion on that action for X, and then opining Y. Examples: - ISELL(4 zm) - ISELL(4 zm - support) - ISELL(4 zm - object) When an Offer is filled that specifies an opinion on a certain dependent action in the 'Selling' or 'For cost' field, the offerer or filler respectively - withdraws all previous support or objection for that action, - supports or objects to that action, as specified by the other party, and - SHALL NOT withdraw that support or objection, or thereafter support or object to that action. This process also applies to contract-defined psuedo-dependent actions whose behavior differs from that of a dependent action only in the values of time limits, or not at all. IX. Selling Agreement When an Offer is filled that specifies agreement to certain terms in the 'Selling' or 'For cost' field, the offerer or filler respectively SHALL follow those terms. X. Motions A motion is an entity which acts identically to an Agoran decision, except that the requirement that the voting period last at least seven days is waived, and, by default, the eligible voters are the parties to this contract, each eligible voter's voting limit is one, and the voting period lasts 72 hours. Any party CAN initiate a Motion to Amend, specifying a set of amendments to this contract. For this motion, the adoption index is 2. If the option selected on a Motion to Amend is ADOPTED, this contract is amended as specified. XI. Changing the Rates A Rate List is a list of assets and associated Rates. To effect a Rate List is to set the Rate of each asset in the list to the specified value. The President CAN effect a Rate List without two objections in 48 hours. Any party CAN initiate a Motion to Effect, specifying a Rate List. For this motion, the adoption index is 1. If the option selected on a Motion to Effect is ADOPTED, the specified Rate List is effected. XII. Rates are Self-Ratifying One week after the publication of a Rate List purporting to be part of the President's report, the Rate List is effected unless, less than a week after its publication, any person publicly - challenged the Rate List's veracity, or - purported to effect a different Rate List. XIII. The IBA is a Partnership Parties to this contract SHALL collectively ensure it fulfills its legal obligations. If the Sentiment of this contract is ever not Legalistic, any person CAN flip it to Legalistic by announcement. If the Disclosure of this contract is ever not Public, any person CAN flip it to Public by announcement including its text and list of parties. XIV. Pending Offers A person is involved in an Offer if e is its offerer or filler. A pending Offer is an Offer whose effects impose an ongoing or unsatisfied obligation on a person involved in it. XV. Presidential Restriction The President, when performing actions allowed to em by virtue of the office, SHALL act in good faith, considering the best interests of this contract and the game. XVI. Initial Rates When this contract is formed, the following Rate List is effected, then this section repeals itself: asset rate (zm) 0 Crop 11 1 Crop 11 2 Crop 45 3 Crop 21 4 Crop 23 5 Crop 27 6 Crop 50 7 Crop 19 8 Crop 12 9 Crop 11 WRV 130 -- C Credit 75 C# Credit 214 D Credit 80 D# Credit 188 E Credit 57 F Credit 141 F# Credit 96 G Credit 173 G# Credit 69 A Credit 100 A# Credit 125 B Credit 214 **Credit = Note Credit ===============================================================================