Re: [s-d] [s-b] Black motion

[Tyler <wisety@xxxxxxxxx>]

I only know of one reason somebody would want black socks. And it isn't a
particularly useful one.

Black Socks don't get you into the Corporation. They can't be sold back to
the Corporation. They aren't even a prerequisite for being a VS in the
Corporation. In fact, if I were short on mack, I'd probably sell my Sock
pretty cheap right now.

Maybe in some distant day we will once again assign a purpose to Black
Socks. And then I'll be wishing I still had one. Until then, I want people
to be clear on what they're buying into.

On Fri, Nov 14, 2008 at 11:16 PM, Craig Daniel <teucer@xxxxxxxxx> wrote:

> On Fri, Nov 14, 2008 at 10:58 PM, Jay Campbell <bnomic@xxxxxxxxxxxxxxx>
> wrote:
> > I post this motion to Black Corporation and vote YES {
> >
> > ADJUST the issue price of Black Socks to m1000.
> > ISSUE ten Black Socks.
> > AUTHORIZE the Officers to conduct a dutch auction {{
> >
> > Players have 48 hours from the enactment of this motion to post a bid to
> > the public forum for one or more Black Socks. The minimum bid is m50.
> > The ten highest bids win. In the case of tie amounts and insufficient
> > Socks, the earliest bidder at that price wins.
> >
> > Upon winning players transferring their high bid amounts to this
> > Corporation, transfer the appropriate number of Black Socks to that
> > player. Transfer the auction proceeds to a Black Sockholder chosen by
> > the random dice server.
> >
> > }}
>
> That's actually a standard auction. A Dutch auction would involve the
> price starting at something unreasonably and going steadily down
> (usually at a fixed or at least predetermined rate) until somebody
> announces that they are buying.
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-- 
 -Tyler
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