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Turnwise

Lagos–London–Houston Circle

8 members, $100 a month, turns by auction

Simulated history: no PayPal objectsCharter frozen 2c4f0bce
(demo: in a real circle each member signs in)

The rules

Version 1, approved by 8 of 8 members and frozen. Code enforces every rule; the agents can’t change them.

  1. Each member pays $100 every month. The whole pot goes to one member each cycle.
  2. Turns go by sealed auction: the member who offers the biggest discount within their mandate collects, and the discount is shared with everyone else.
  3. Whoever collects leaves one contribution behind as a deposit. It is returned when they finish the circle.
  4. Each payment is authorized from the member's saved PayPal wallet 5 days before it is due and taken on the due date.
  5. If a payment is missed: a reminder on the due date, 3 grace days, a 48-hour window to pay, then the deposit is used. If more is still owed, members vote (50% needed).
  6. The rules change only if every member approves.

Charter hash: sha256:2c4f0bce432982f979fb8c8f7033b24c68d5619f4342df73c8050028994526cc

Proposed changes

Ada asked: “Can we add my cousin mid-cycle?”

The Treasurer: Adding a member mid-cycle would change the total number of members in the circle. This impacts the 'members' field in the charter.

  • Members: 8 → 9

Approved by 1 of 8: Ada. Needs every member.

Ask for a change

The Treasurer explains what your request would change and drafts it for every member to approve. Nothing changes until they all do.