On Wed, Oct 22, 2008 at 18:02, Ed Murphy [EMAIL PROTECTED] wrote:
I join the PBA.
I PBA-deposit all my 6 crops (I think this gets me ^156).
I missed this deposit the first time around (sorry ehird!). Murphy
only had seven 7 crops to deposit, not 8. This effects the following
subsequent PBA
BobTHJ wrote:
If the Treasurer and the RBoA are both members of this contract, the
And where is the Treasurer defined?
On Fri, Oct 24, 2008 at 12:38, Ed Murphy [EMAIL PROTECTED] wrote:
BobTHJ wrote:
If the Treasurer and the RBoA are both members of this contract, the
And where is the Treasurer defined?
Section 3 of the RBoA:
{
3. Chits are a currency. The Treasurer is the recordkeeper of Chits.
Initially
On Fri, Oct 24, 2008 at 12:48 PM, Roger Hicks [EMAIL PROTECTED] wrote:
On Fri, Oct 24, 2008 at 12:38, Ed Murphy [EMAIL PROTECTED] wrote:
BobTHJ wrote:
If the Treasurer and the RBoA are both members of this contract, the
And where is the Treasurer defined?
Section 3 of the RBoA:
{
3.
On 24 Oct 2008, at 21:39, comex wrote:
I agree to the following pledge:
{
This is a pledge. Bones are a currency. The Treasurer is the
recordkeeper of Bones. Initially the Treasurer is comex.
}
Royal Bank of UNDEAD!
--
ehird
On 23 Oct 2008, at 00:03, Ian Kelly wrote:
I RBoA-deposit 154 coins for 1540 chits.
I RBoA-withdraw 5 X crops for 825 chits.
I destroy all my remaining chits.
I leave all banks to which I am a party.
-root
Works fine.
On 23 Oct 2008, at 01:02, Ed Murphy wrote:
I have 482 chits, plus (* =
On Wed, Oct 22, 2008 at 14:14, Ian Kelly [EMAIL PROTECTED] wrote:
I RBoA-deposit 3 3 crops for 195 chits.
I RBoA-deposit 2 4 crops for 50 chits.
I RBoA-deposit 3 8 crops for 165 chits.
+410 chits. You now have 415 chits total.
I RBoA-withdraw 2 C# credits for 110 chits.
I RBoA-withdraw 1 D#
On Wed, Oct 22, 2008 at 18:02, Ed Murphy [EMAIL PROTECTED] wrote:
I RBoA-withdraw as many X crops as I can (I think this costs 825 chits).
I RBoA-withdraw as many WRVs as I can (I think this costs 1000 chits).
These are both 0.
I intend to change the RBoA's coin exchange to 20.
Intend all you
On Wed, Oct 22, 2008 at 10:41 AM, Ian Kelly [EMAIL PROTECTED] wrote:
Er, I disapprove of this. It occurs to me that this would create even
more incentive to deposit new coins in the RBoA.
Yes... but it would reduce the number of chits they get. More
importantly, it would stop the bank run.
--
On Wed, Oct 22, 2008 at 10:41 AM, Ian Kelly [EMAIL PROTECTED] wrote:
Er, I disapprove of this. It occurs to me that this would create even
more incentive to deposit new coins in the RBoA.
Oh, wait. No, it creates less incentive to deposit coins. You get less chits!
--
Taral [EMAIL PROTECTED]
On Wed, Oct 22, 2008 at 11:57 AM, Taral [EMAIL PROTECTED] wrote:
On Wed, Oct 22, 2008 at 10:41 AM, Ian Kelly [EMAIL PROTECTED] wrote:
Er, I disapprove of this. It occurs to me that this would create even
more incentive to deposit new coins in the RBoA.
Oh, wait. No, it creates less incentive
On Wed, 2008-10-22 at 12:11 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 11:57 AM, Taral [EMAIL PROTECTED] wrote:
On Wed, Oct 22, 2008 at 10:41 AM, Ian Kelly [EMAIL PROTECTED] wrote:
Er, I disapprove of this. It occurs to me that this would create even
more incentive to deposit new
On 22 Oct 2008, at 19:16, Alex Smith wrote:
I'd also like to point out that the current exaggerated rate is quite
possibly correct. The PBA's designed to adjust exchange rates
automatically, and I think it'll automatically adjust so that a
Coin is
worth 10 Chits if people withdraw and
On Wed, Oct 22, 2008 at 12:16 PM, Alex Smith [EMAIL PROTECTED] wrote:
I'd also like to point out that the current exaggerated rate is quite
possibly correct. The PBA's designed to adjust exchange rates
automatically, and I think it'll automatically adjust so that a Coin is
worth 10 Chits if
On Wed, 2008-10-22 at 12:20 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 12:16 PM, Alex Smith [EMAIL PROTECTED] wrote:
I'd also like to point out that the current exaggerated rate is quite
possibly correct. The PBA's designed to adjust exchange rates
automatically, and I think it'll
On Wed, Oct 22, 2008 at 12:22 PM, Alex Smith [EMAIL PROTECTED] wrote:
On Wed, 2008-10-22 at 12:20 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 12:16 PM, Alex Smith [EMAIL PROTECTED] wrote:
I'd also like to point out that the current exaggerated rate is quite
possibly correct. The PBA's
On Wed, 2008-10-22 at 12:28 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 12:22 PM, Alex Smith [EMAIL PROTECTED] wrote:
On Wed, 2008-10-22 at 12:20 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 12:16 PM, Alex Smith [EMAIL PROTECTED] wrote:
I'd also like to point out that the current
On Wed, Oct 22, 2008 at 12:32 PM, Alex Smith [EMAIL PROTECTED] wrote:
If the RBoA's exchange rate is much less than 10 times the PBA's
exchange rate, and it has none of that currency, people are very
unlikely to deposit that currency in it, as they could have deposited in
the PBA instead for
On Wed, 2008-10-22 at 12:44 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 12:32 PM, Alex Smith [EMAIL PROTECTED] wrote:
If the RBoA's exchange rate is much less than 10 times the PBA's
exchange rate, and it has none of that currency, people are very
unlikely to deposit that currency in
On Wed, Oct 22, 2008 at 12:49 PM, Alex Smith [EMAIL PROTECTED] wrote:
The PBA doesn't mind that, though. What you're doing is more or less
equivalent to the RBoA buying the PBA's assets itself; that just puts
the exchange rates up a bit, so depositing into the PBA is more
attractive. The PBA
On 22 Oct 2008, at 20:04, Ian Kelly wrote:
Doesn't matter. The RBoA has a surplus of coins. Might as well put
them to use, and if that temporarily reduces the available PBA assets
as a side-effect, all the better.
Yes, let's punish it for not being vulnerable to rate scams.
--
ehird
On 22 Oct 2008, at 21:14, Ian Kelly wrote:
I PBA-withdraw 7 1 crops for 113 coins.
Thanks for improving the rates! The PBA is designed to reward you for
that, and now
you've made the rates better so it's good for all.
However, that withdraw fails as it'd actually cost you 112 coins.
--
On Wed, 2008-10-22 at 11:26 -0600, Ian Kelly wrote:
If this motion passes, I pledge to withdraw all coins from the bank
and distribute floor(C * R) coins to each chitholder, where C is the
number of coins withdrawn, and R is the ratio of that chitholder's
chits to the number of all chits in
On Wed, Oct 22, 2008 at 2:20 PM, Alex Smith [EMAIL PROTECTED] wrote:
Thanks for proving the point. The PBA is designed to reward people who
fix the rates to be more correct, which is what you did just there. In
other words, if a rate is too high, it creates an incentive to deposit
and bring
On Wed, 2008-10-22 at 15:39 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 2:20 PM, Alex Smith [EMAIL PROTECTED] wrote:
Thanks for proving the point. The PBA is designed to reward people who
fix the rates to be more correct, which is what you did just there. In
other words, if a rate is
On Wed, Oct 22, 2008 at 3:42 PM, Alex Smith [EMAIL PROTECTED] wrote:
Well, if you are creating an artificial shortage, someone with lots of
1s can therefore make a profit at your expense by depositing them.
Possibly. I would have liked to withdraw something more useful, but
for some reason the
On 22 Oct 2008, at 22:46, Ian Kelly wrote:
but for some reason the PBA doesn't seem to have much of actual value.
That's because PBA's designed not to stockpile things which are very
valuable, like 2
crops.
--
ehird
On Wed, Oct 22, 2008 at 3:51 PM, Elliott Hird
[EMAIL PROTECTED] wrote:
On 22 Oct 2008, at 22:46, Ian Kelly wrote:
but for some reason the PBA doesn't seem to have much of actual value.
That's because PBA's designed not to stockpile things which are very
valuable, like 2
crops.
Then
On Wed, 2008-10-22 at 15:57 -0600, Ian Kelly wrote:
On Wed, Oct 22, 2008 at 3:51 PM, Elliott Hird
[EMAIL PROTECTED] wrote:
On 22 Oct 2008, at 22:46, Ian Kelly wrote:
but for some reason the PBA doesn't seem to have much of actual value.
That's because PBA's designed not to
On Wed, Oct 22, 2008 at 4:01 PM, Alex Smith [EMAIL PROTECTED] wrote:
Then what's the use? If it will never have the things that I want,
what good are coins?
It has them sometimes, just doesn't stockpile. I'd like to point out
that the RBoA never attracts currencies whose exchange rates are
On Wed, Oct 22, 2008 at 6:02 PM, Ed Murphy [EMAIL PROTECTED] wrote:
I join the PBA.
I PBA-deposit all my 6 crops (I think this gets me ^156).
I RBoA-deposit all my coins (I think this gets me 1560 chits).
I become a Banker.
I RBoA-withdraw as many X crops as I can (I think this costs 825
On 23/10/2008, Ian Kelly [EMAIL PROTECTED] wrote:
On Wed, Oct 22, 2008 at 6:02 PM, Ed Murphy [EMAIL PROTECTED] wrote:
I join the PBA.
I PBA-deposit all my 6 crops (I think this gets me ^156).
I RBoA-deposit all my coins (I think this gets me 1560 chits).
I become a Banker.
I RBoA-withdraw as
On Wed, Oct 22, 2008 at 6:30 PM, Elliott Hird
[EMAIL PROTECTED] wrote:
On 23/10/2008, Ian Kelly [EMAIL PROTECTED] wrote:
On Wed, Oct 22, 2008 at 6:02 PM, Ed Murphy [EMAIL PROTECTED] wrote:
I join the PBA.
I PBA-deposit all my 6 crops (I think this gets me ^156).
I RBoA-deposit all my coins (I
On Wed, Oct 22, 2008 at 7:03 PM, Ian Kelly [EMAIL PROTECTED] wrote:
I RBoA-deposit 154 coins for 1540 chits.
I RBoA-withdraw 5 X crops for 825 chits.
I destroy all my remaining chits.
I leave all banks to which I am a party.
? You just destroyed 65 coins' worth of chits?
On Wed, Oct 22, 2008 at 6:35 PM, comex [EMAIL PROTECTED] wrote:
On Wed, Oct 22, 2008 at 7:03 PM, Ian Kelly [EMAIL PROTECTED] wrote:
I RBoA-deposit 154 coins for 1540 chits.
I RBoA-withdraw 5 X crops for 825 chits.
I destroy all my remaining chits.
I leave all banks to which I am a party.
?
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