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Charter

iv. How it works

The page is the boss.

You hand someone money and write the rules in your own words. The money is held on Arc, and the only way it leaves is a payment the page allows.

  1. i.

    You write the page

    One rule per line, in your own words, the way you would say it to their face.

    1. Never more than $300 in one gopayment ≤ $300
    2. Only to the people on my listpayee ∈ list
    3. Ask me for anything over $250payment > $250 → held

  2. ii.

    Each line becomes a gate

    Every payment walks the gates in order. The first rule it breaks shuts, and it stops there.

    you handed over $2,400TTundeYouthe pot14?8paid out$340$2,036
    REFUSED

  3. iii.

    The money obeys

    Three answers, and every one lands on a record nobody can edit.

    PAID

    Inside the page. Gone in under a second.

    REFUSED

    Outside it. Nothing moved; the rule is on the record.

    ASKING

    Over your ask line. It waits for you, up to a day.

Seven kinds of line a page can carry.

Write them in your own words. Each one becomes one gate, wearing the sign below, and its number is the number the contract stamps on a refusal.

  1. 1

    “Never more than $300 in one go”

    payment ≤ $300

    One payment can never be bigger than this. The rest of the day does not matter.

  2. 2

    “No more than $800 a day”

    day total ≤ $800

    A rolling day. Once the line is reached, everything else waits for tomorrow.

  3. 3

    “Nothing between 11pm and 6am”

    no payments 11pm–6am

    Your hours, kept by the contract. Nothing goes out while you sleep.

  4. 4

    “Only to the people on my list”

    payee ∈ list

    A list you keep. Anyone else is refused, however small the amount.

  5. 5

    “Keep $500 untouched”

    balance after ≥ $500

    A reserve the manager cannot reach. Only you can take it out.

  6. 6

    “Stop everything if it drops below 70% of what I put in”

    stop if balance < 70% of put in

    A floor. Below it the pot freezes until you add money or take it back.

  7. 8

    “Ask me for anything over $250”

    payment > $250 → held

    Not a no, a question. It waits a day for your answer, and the rest of the page is checked again when you say yes.

  8. ·

    “Be sensible with it”

    words only

    Any line the page cannot enforce stays on it as words, and says so. The money never reads it, so nobody mistakes it for a rule.

Why Arc

A rule is only real if the refusal is final before the payment it blocks can land, and a stop is final before the next payment is tried. Arc settles both in under a second, and a payment of a few dollars costs less than a cent to check, so a page of rules can govern a shop’s petty cash and not only a fund.

What is an example

The eight charters here are examples and say so: made-up people, example money, but the same evaluator the contract runs, so every refusal is exactly what Arc would do. With Charter’s contract on the registry and a wallet, Write yours opens a real charter, the manager pays from it with their own wallet, and everything on it is read from the chain.

Fair questions.

Is this real?

The eight charters here are examples, and say so. Every refusal on them is what the contract would do, because it is the same evaluator. With Charter’s contract on Arc and a wallet, “Write yours” opens a real one with real dollars.

What stops the manager taking the money anyway?

They never hold it. The pot is a contract on Arc, and the only way money leaves is a payment the page allows. A refusal is not a warning; the transfer does not happen.

What if I wrote the page wrong?

Change it. The new page is the law the moment it lands, which on Arc is the next block. And your money is always yours: take it back whenever you like, whatever the page says.

Why would anyone agree to be managed like this?

Because it is the opposite of being distrusted. The rules are written down, the same for everyone, and a clean record follows a manager to the next person who hands them money.

What is “ask me”?

A line like “Ask me for anything over $250”. A payment above it is not refused; it waits for you, up to a day, and you answer from your phone. When you say yes, the rest of the page is checked again.

Does it work for a bot?

A bot is just a manager with a wallet. Three of the eight examples are bots. The page does not care who is on the other side of the gate.

Who makes money on this?

A quarter of a percent of every payment that goes through a charter goes to whoever runs this Charter. Refusals cost nothing.