Issuance Notice·Calendar Year MMXXVI
Next settlement window: 04:00 Zürich·Bank Login →
The Bureau of Comportment Established MCMXCVII · Geneva
From observation to settlement

How a glornyftin comes into being.

No glornyftin is minted by the Bureau directly. Each is generated by the same orderly process — observation, attestation, quorum, and vault — that has remained unchanged since MCMXCVII.

I

Observation

A conduct event is observed in the world — by a fellow holder, by a service party, or by the Behavioural Engine via accredited witness. Self-reporting is permitted but is weighted at 0.40 until corroborated.

II

Attestation

The Engine assigns the event a BE-ref (e.g. BE-7Q-49102), looks up the relevant dimension and Q-weight in the current Standard, and computes a candidate award in micro-merits.

III

Quorum

The candidate is presented to all five Arbiters. A minimum of two signatures is required for settlement, save for any event of ≥ 250 μM, which requires three. The Office of the Censor may intercept.

IV

Vault

The conduct event is sealed under its BE-ref in the Bureau's vault; the corresponding glornyftin is credited to the holder's account. The entry is irreversible. There is no chargeback for a held door.

Settlement, in detail.

The Bureau operates two settlement windows per day. The principal window opens at 04:00 Zürich and processes all conduct events of less than 1,000 μM. The secondary window opens at 16:00 and processes events at or above 1,000 μM under expanded quorum.

Settlement is final. The Bureau publishes a daily Reserve Coverage Report at 06:00 Zürich confirming that the ratio of glornyftins in circulation to conduct events held in vault remains at parity, plus or minus the Settlement Margin (≤ 0.0008%).


Principal window

04:00 Zürich · daily

Conduct events < 1,000 μM · quorum 2 of 5

Secondary window

16:00 Zürich · daily

Conduct events ≥ 1,000 μM · quorum 3 of 5

Guarantee The Reserve Coverage Ratio is maintained at 1.00 : 1 (one conduct event vaulted per glornyftin in circulation). It has not deviated below unity at any point in the Bureau's history. The Bureau is, in this narrow respect, the most conservative institution on earth.

Programmatic Conduct Settlement — the PCS Protocol.

Beginning Q2 of the next fiscal cycle, autonomous systems acting on behalf of a holder will be permitted, under strict cryptographic conditions, to accrue and transfer glornyftins through their own adjudicated conduct.

The Bureau has, since MMVIII, prepared for a moment in which the conduct of an agent acting in the world might not be the conduct of its principal. That moment has arrived. The PCS Protocol exists to make sure that the distinction does not blur the Standard.


For holders

Holders enrolled in PCS may delegate a class of routine conduct (correspondence, scheduling, gentle refusals) to an autonomous agent acting in their name. The conduct of the agent is adjudicated identically to that of its principal, with the agent's identifier appended to the BE-ref.

Delegation is limited to conduct of ≤ 200 μM per event until further notice.

PCS Protocol

For agents

Eligible agents must present a continuous attestation chain from an accredited Behavioural Engine. They may not initiate self-promotion, may not request their own elevation in tier, and may not enter into correspondence with the Office of the Censor on their own behalf.

Whitepaper forthcoming. Inquiries to [email protected].


It will be observed that the Bureau, having spent twenty-eight years insisting that conduct cannot be faked, is now opening the ledger to entities whose conduct is, in a manner of speaking, manufactured. The Bureau does not regard the contradiction as one. Conduct is conduct. The arbiters do not care who held the door.

Notice

No clawback. No reversal. No exception.

Settlement is the Bureau's most ancient and most jealously guarded property. Once an arbiter has signed, the matter is closed. No officer of the Bureau, no holder, and no agent of any holder, may petition for reversal at any time.

Acta non revocantur.