e$: Beastie Boys do Finance

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e$: Beastie Boys do Finance

From: lethin@ai.mit.edu (Rich Lethin)
Date: Sat, 24 Jun 95 19:12:33 EDT
To: rah@shipwright.com, cypherpunks@toad.com
Subject: Re: e$: Beastie Boys do Finance
Newsgroups: ailab.cypherpunks
Organization: MIT Artificial Intelligence Lab

>Now. Here's the important part: announce both the amount >of e$ you sold/bought, and the price paid in the transaction >somewhere public (*Not* what you earned!). God knows where >you would make the announcement, but it has to be public, like >a mailing list, or a newsgroup, and everyone in the market >should be able to see it. Word: not in these two groups, right? >You could become a smoldering cinder of flamage, and that >would be bad for business, right? > >I bet that some enterprizing Listserv/Majordomo maven out >there could spot us some list traffic, experimentally?

I'm not a maven, but, sure.

-----BEGIN PGP SIGNED MESSAGE-----

CHARTER STATEMENT

Welcome! ECM (Electronic Cash Market) is an experimental mailing list. Traders are encouraged to post messages to the list which contain the price and volume of transactions conducted, and offers to buy or sell e$ at specified prices.

To post, send email to ecm@ai.mit.edu. It will rebroadcast to all subscribers.

To subscribe, send email to ecm-request@ai.mit.edu, containing the single word "suscribe" in its body. See more detailed instructions later in this message for the digest version.

Message sent to the list should, if possible, be signed with PGP.

Trades or offers should be in the form

E= US= BUY-OFFER|SELL-OFFER|CONCLUDED DATE TIME serial# emailaddr

in the body of the message. For example, to represent the transaction where e$100 digicash were traded for US$5, the message

E=100 US=5 CONCLUDED 06/20/95 15:00 1 foo@bar.com

would be posted. The buy offer and sell offer are relative to the e$, e.g. a BUY-OFFER is an offer to buy e$ at the specified price.

Date and time are Eastern Standard or Daylight time.

The serial number can be any short unique non-whitespace string. The signer of the message should ensure that the serial number of the trade is unique for his id.

The email address posted should lead to someone who can provide details regarding the offer or trade.

Any number of offers and concluded trades are permitted in a single message.

The actual trade execution is the responsibility of the parties involved.

There is no guarantee regarding the accuracy of the information posted. Specifically, there is no guarantee of the reliability, throughput, and latency of messages, or that the trade or offer actually took place or is legitimate. PGP signatures do provide some authenticity with regard to the sender, but should be checked by receivers.

Dialogue and conversation pertaining to the e$ market are also permitted on this list. Pertinent topics include protocol extensions, and the reputation of various traders.

Note the the protocol specified above is not mandatory; it is merely a suggestion. If a protocol turns out to be restrictive or flawed, users are free to agree on other protocols by consensus.

SPAM and Action Alerts and are not permitted on the list.

ADMINISTRIVIA

We're using some software called "Majordomo" to administer subscriptions. Human intervention in the subscription process will be minimal, and messages from clueless people will at best be ignored.

There are really two lists. The normal list, and the digest version. If you're on the normal list, messages will be sent to you as fast as the MIT AI mail server can turn them around. If you're on the digest version, the messages will get batched and sent out when enough accumulate.

You can change between normal and digest by unsubscribing to one list and subscribing to the other. For example, to change from normal to digest, you'd want to send two messages: <>P

To: ecm-digest-request@ai.mit.edu

subscribe

To: ecm-request@ai.mit.edu

unsubscribe

How you unsubscribe depends upon which list you're on. If you're on the normal list, to unsubscribe, you need to send mail like this<>P

To: ecm-request@ai.mit.edu

unsubscribe

If you're on the digest version, to unsubscribe, you need to send mail like this:

To: ecm-digest-request@ai.mit.edu

unsubscribe

A variety of other commands are handled by Majordomo. Send mail to ecm-request@ai.mit.edu containing the word "help" for details.

-----BEGIN PGP SIGNATURE-----
Version: 2.6.2

iQCVAwUBL+yRgjgHdLcQmgk9AQGzdgP+O6VLS+RxTFXohTDe4snsQjaIDnKqwG64 OVNSRuqGu4rUcaG+sVXBAlWFVtmQp3YY1Xn5dCsQYuNadv9KIz/sWf3oBk+ajbnL 33IHH9uYwffQsmVyvh9KgFNwVwPMQUICCicg7i6nz2nA2mRvg1SIi9liiLjWtMS9 qOckEx4gXos= =/mrL -----END PGP SIGNATURE-----

-- Concurrent VLSI Arch. Group 545 Technology Sq., Rm. 610 MIT AI Lab Cambridge, MA 02139 (617)-253-0972

Have you found errors nontrivial or marginal, factual, analytical and illogical, arithmetical, temporal, or even typographical? Please let me know; drop me email. Thanks!
 

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