You will need to float Devcoin to give it value. Something like mtgox but mtdev
You seem to mean the Digitalis Open Transactions Server, which is a cryptocurrency / stock / etc exchange...
-MarkM-
Topic: DeVCorp: DeVCoin Development "corp" - page 2. (Read 3445 times)
You seem to mean the Digitalis Open Transactions Server, which is a cryptocurrency / stock / etc exchange...
-MarkM-
You will need to float Devcoin to give it value. Something like mtgox but mtdev
First, please note that whether or not the term "Corp" indicates, on the planet known as M5, some specific form of legally incorporated corporation, it can also be a more generic term; it might help to think "Marine Corp" rather than "IBM Corp" although I suppose the Marines too are some kind of legally designated body or institution. One can also though refer to a chain gang of men working on roadworks as a corp or corps or men, can one not? (Maybe it is a confusion between corp and corps? Hmm...)
Whatever, the point here is not to jump to the conclusion that DeVCorp is some kind of limited or unlimited company or corporation officially "incorporated" here on "the planet known as Earth"; currently it is not, and whether it ever shall be is unknown and possibly not even considered important or relevant by the Martian authorities of the planet known as M5.
It is an asset issued on the Digitalis Open Transactions Server.
To that end, I thought it might be a good idea to post the proposed contract insofar as I have it so far for feedback rather than import it to the server willy-nilly while it possibly needs more work. It is intended to be a DeVCoin based operation among the aims of which will be to uphold and if possible increase the value of DeVCoins and, of course, to increase its own worth as measured in DeVCoins in order to be able to offer hopefully higher and higher buyback prices, in DeVCoins, for its stock:
-MarkM-
Whatever, the point here is not to jump to the conclusion that DeVCorp is some kind of limited or unlimited company or corporation officially "incorporated" here on "the planet known as Earth"; currently it is not, and whether it ever shall be is unknown and possibly not even considered important or relevant by the Martian authorities of the planet known as M5.
It is an asset issued on the Digitalis Open Transactions Server.
To that end, I thought it might be a good idea to post the proposed contract insofar as I have it so far for feedback rather than import it to the server willy-nilly while it possibly needs more work. It is intended to be a DeVCoin based operation among the aims of which will be to uphold and if possible increase the value of DeVCoins and, of course, to increase its own worth as measured in DeVCoins in order to be able to offer hopefully higher and higher buyback prices, in DeVCoins, for its stock:
Code:
longname="DevCorp stock"
email="[email protected]"/>email="[email protected]"
contractUrl="http://contracts.MI5ius.M5/DeVCorp.contract"
type="currency"/>type="decimal" factor="1" decimal_power="0" fraction=""/>
DeVCorp stock is backed by the assets, activities,
bylaws, goodwill etcetera of the actual Corp, which is
registered as a limited liability company by the
administration of and under the laws of the Martians
of the planet known as M5. Its offices on that planet
are located in the city known as MI5ius.
DeVCorp stock is primarily secured by the assets of
the Corp and, where the Corp operates legally under
local laws of various civilisations, of course by such
provisions as local civilisations might have regarding
ownership of property, defense of property and so on.
Where what passes for or pretends to be local
civilisation fails to provide such protections, DeVCorp
take such measures itself as it deems prudent under the
prevailing conditions and circumstances.
In order to obtain DeVCorp stock you must utilise an
Open Transactions server supporting the use of said
asset.
Redemption implies failure of the Corp, inasmuch as
stock is not normally considered a redeemable asset
but, rather, a tradeable asset. Redemption in the
event of the failure of the Corp would presumably be
administrated by the bankruptcy departments of the
regions in which the Corp still has any assets at
the time of the failure / bankruptcy.
It is not yet contemplated that this will be
dividend-paying stock, thus no rate of payment,
calculation or release of dividends applies.
The Issuer reserves the right to buy back all
outstanding stock, thereby terminating the use of
this instrument.
Furthermore it is contemplated that buyback offers
be one of the mechanisms by means of which the
Corp attempts to uphold and increase the value of
its stock.
Thus instead of issuing dividends, the Corp is
expected to increase the amount of value it
offers per unit of stock to buy back units of its
stock.
The Corp should, ideally, have some internal
notion of the liquidation value of its assets
and thus in principle be capable of computing
a per unit of stock liquidation value below
which price its stock ought in theory to be a
bargain and thus at which it should try to buy
up as much of its stock as it can obtain at or
near such a value-floor.
Furthermore it should be customary for the Corp
to use bots or periodic scripts to keep floor-
value offers in effect on any servers where this
contract is in effect, to some extent that does
not threaten the survival and prospering of the
Corp by expending assets on buying its own stock
cheap that would better be invested in some
other bargain or opportunity that might also
be available to it.
The Corp is not liable for any damages use of
this contract with your software or on your
computing equipment might cause, nor for any
loss or inconvenience you might experience due
to the performance of stock markets, trading
platforms, brokers, or acts of man woman child
god or natural force(s) or events. In any event
liability is limited to the terms and conditions
specified in this contract.
Float - the total quantity of DeVCorp stock
outstanding - is created by a Mint account,
specially set by the Operator.
Disbursements from the Mint account are to be made
on receipt of duly signed and public authorization
from MI5ius. All disbursements from the Mint
account are to be made to the single Currency
Comptroller account identified by the authorization.
From time to time, the Currency Comptroller may
direct the Currency Manager to return DeVCorp stock
to the Mint for the express purpose of reducing the
float. Such directions should be ignored; stock,
once issued, remains in existence until and unless
the entire issue is disolved, which itself is also
not contemplated.
This issue of stock consists of 1,000,000 (One
Million) individual integer units of stock, no
more and no less. Any not in the possession of an
entity other than the Corp are implicitly and
explicitly in the possession of the Corp.
The purchase and trading of DeVCorp stock normally
are done on the basis of strong privacy. By
purchasing or trading this stock you agree that
your purchase, trading, use, ownership, possession
and material interest in this stock are governed by
the laws and customs of the city of MI5ius on the
planet known as M5 and that such laws and customs
overrule any local laws or customs any civilisation,
purported civilisation, government, barbarian horde,
gang of thieves, outlaws, bandits, lawyers,
politicians, pirates, thugs, muggers, cutthroats,
militia, military, police, babysitter, parent,
nanny or other entity might pretend, claim, or
promulgate.
- -----BEGIN CERTIFICATE-----
***CERTIFICATE OF ISSUING NYM WILL GO HERE***
- -----END CERTIFICATE-----
-MarkM-
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