Parties
Text
1. This is a public contract named "The People's Bank of Agora" (PBA).
2. Any person may join this contract by announcement.
3. Any party to this contract can leave it by announcement. Upon
doing so all
eir coins are transferred to the PBA.
4. Parties to this contract are known as Comrades.
5. Comrades shall ensure that the PBA obeys the rules of Agora to the
maximum
possible extent.
6. "With the support of The People" means "with 2 Comrade support and
without 3
Comrade objections".
7. This contract can be amended with the support of The People.
8. Any Comrade can act on behalf of the PBA with the support of The
People.
9. There is a currency called coins with a maximum fine amount of 100.
10. Coins can only be created, destroyed and transferred as
specifically allowed
by this contract.
11. The recordkeepor for coins is the Coinkeepor.
12. The Coinkeepor is the Perlnomic Partnership.
13. The Coinkeepor should publish a PBA report at least once each week
including
the current holdings of coins, the current exchange rates, and the
assets the
PBA currently possesses.
14. Text of the form "^N" where N is a number (e.g. ^34) means "N
coins" unless
such an interpretation could be ambiguous.
15. Any Comrade can make a non-fixed Agoran currency into an Eligible
Currency
with the support of The People.
16. Every Eligible Currency has an exchange rate, initially 10, which
can be set
with the support of The People. If any action, automatic or
otherwise, would
cause an Eligible Currency's exchange rate to go below 0, it instead
becomes 0.
17. Every midnight (UTC) that the PBA had zero of a given Eligible
Currency for the
prior 24 hours, that currency's exchange rate goes up by 2. Every Monday
midnight (UTC) that the PBA had a non-zero amount of a given Eligible
Currency for
the prior 24 hours, that currency's exchange rate goes down by 2.
18. An Comrade can transfer any amount of coins in eir possession to
another
Comrade by announcement.
19. An Comrade can destroy any amount of coins in eir possession by
announcement. Upon doing so the same amount of coins are created in the
possession of the PBA.
20. An Comrade can transfer one instance of an Eligible Currency to
the PBA by
announcement. Upon doing so the currency's exchange rate goes
down by 1,
then a number of coins equal to the exchange rate of that currency
are created
in the transferrer's possession. This is referred to as a "deposit".
21. An Comrade can destroy an amount of coins in eir possession
equal to a specified
Eligible Currency's exchange rate, as long as the PBA has at least
one instance of
that currency. Upon doing so one instance of the target currency is
transferred from
the PBA to the Comrade who destroyed the coins, then the target
currency's exchange
rate goes up by 1. This is referred to as a "withdrawal".
22. Destroying some currency for coins or vice-versa can be referred
to as
"exchanging".
23. An exchange that specifies the result (e.g. "this gives me 3
coins" or "this
gives me 4VP") is ineffective if it does not actually result in
what is claimed. Note
that this clause explicitly does not effect text in [square
brackets] or text of forms
such as "I think this gives me X".
