Friday, April 29, 2011

Proposal: Worthy companies.

Timed out 5-5.—Yoda

Adminned at 01 May 2011 12:57:27 UTC

Increase the Worth of every Corporation by 200 times.
Set the Worth for every Corporation created via Venture post to 500.
Add to the and of every Business Plan, for every Corporation:

*100

Change rule “startups” to:

As a weekly action, an Investor may attempt to start up a new Corporation by making a post with the title “Startup: NAME (XXX)”, where NAME is the name of the new Corporation, XXX is its Ticker Symbol and neither may be identical to those of an existing Corporation or pending Venture. They are encouraged to describe the new Corporation in the body of the post. This post is a Venture, and starts out as pending. All Investors may Join this Venture by making a comment with a FOR icon and a single number (their Limit) which must be equal to or less than their Currency. If an Investor Joins a single Venture more than once, only the last is taken into account.

When 48 hours have passed since the post was made, the Venture ceases to be pending. As long as a Venture is still pending, the Investor who posted it may resolve it as follows: they must decrease their Currency by any multiple of 15, but at least 300, and may optionally decrease the Currency of one or more Investors by any multiple of 15, but no more than each Investor’s Limit. If the total Currency hereby decreased is exactly 1500 the Venture is successful and ceases to be pending, and the Corporation is created with the Name and Ticker Symbol specified in the Venture’s title. This new Corporation shall start with a Worth of 500 and a Business Plan of “Add (2-DICE8)*100”, and each Investor who lost Currency to this Venture will gain shares equal to the amount of Credits lost divided by 15. Tthis overrides the usual division of Shares for new Corporations.

Change rule “Bankrupt” to:

If a Corporation’s Worth has been lower than 0 for 96 hours (4 days) uninterruptedly, its assets are frozen and its stocks cannot change ownership except by proposal, CfJ or as explicitly allowed by this rule’s subrules. Such a Corporation can be referred as a Bankrupt Corporation.

This is to create a more balanced rapport between Credits and Worth, making investing appealing.
See Sinatra.

Comments

spikebrennan:

29-04-2011 16:38:25 UTC

for

Darknight: he/him

29-04-2011 21:22:41 UTC

for

Ely:

29-04-2011 22:19:07 UTC

I guess admins will be able to correct the typo in the last sentence of “startups”. (that is currently in the Ruleset, btw)

Bucky:

29-04-2011 22:25:00 UTC

against

Oze:

30-04-2011 10:04:58 UTC

for

Ely:

30-04-2011 13:26:19 UTC

There is a numeric error in the proposal (200 instead of 20) see my other proposal.

Bucky:

30-04-2011 20:10:40 UTC

Guys, vote this down.  Rules & Co will benefit enormously from the x200 multiplier and will not be affected by the ‘fix’.

Ely:

30-04-2011 22:10:07 UTC

[Bucky]
?
FIRST Increase the worth of every Corp by 200 times.
THEN Set the Worth of Rules & Co. to 500.
SO No scam.

Purplebeard:

01-05-2011 08:40:56 UTC

against For the confusion over the numbers.

Subrincinator:

01-05-2011 10:08:04 UTC

against

Winner:

01-05-2011 15:50:43 UTC

for

Yoda:

01-05-2011 17:36:48 UTC

against So that this cannot pass.

Galtori:

01-05-2011 18:09:29 UTC

against

Yoda:

01-05-2011 18:10:26 UTC

Whoops, looks like this needs 1 more against vote to fail.

Yoda:

01-05-2011 18:11:05 UTC

Of course I say that just as another against vote comes in…