How it works
A till that borrows for itself.
A stall, a motorbike, a tailor, a bot. Each puts its sales through a till on Arc and pays its costs out of it, so the books are the contract and anyone can read them to the second. People lend into a pool; the till draws a line that is a sum over its own books, and every sale after that pays the lenders first and repays a slice, until the loan is gone.
Six lines on the tape.
Everything the contract does, in the order it does it.
- 01
Sales land in the till
Customers pay the till on Arc, three dollars at a time. Each one prints on the tape with a memo, final in under a second.
- 02
Costs leave from it
Rice, fuel, the day’s wages. Every cost is a transfer out of the till with a memo, so the books are the contract itself.
- 03
The line is a sum, not a form
35% of what is in the till, plus what it netted over the last four days, never more than what has been lent. Recomputed on every posting.
- 04
People lend into a pool
Money in the pool earns nothing until it is drawn. Not drawn, it can be taken back any time.
- 05
Draw, and the loan collects itself
Every sale after a draw pays the lenders’ interest first, then a slice of the sale repays the loan, then the till keeps the rest. No due date.
- 06
If the books stop supporting it
A cost that leaves more drawn than the line allows makes the till repay the difference in the same moment. Nobody decides. It just does.
Nobody signs off on the line.the books do
Why Arc
A credit line drawn from the books is only honest if the books cannot be cooked and the money cannot leave without being seen. On Arc every sale and every cost is a transfer through the till, final in under a second and cheap enough that a three-dollar plate can post as its own line. The line moves the moment the books do, and when a cost breaks it, the till repays in the same block.
What is an example
The eight tills on the counter are examples and say so: made-up trade at a realistic pace, and the same arithmetic the contract runs. With the counter’s contract on the registry and a wallet, Open a till opens a real one, customers pay it, and everything on it is read from the chain.
Fair questions.
Is this real?
The eight tills on the counter are examples and say so: made-up trade at a realistic pace, and the same arithmetic the contract runs. With the counter’s contract on Arc and a wallet, “Open a till” opens a real one, and everything on it is read from the chain.
Why would a stall put its sales through a contract?
Because it gets a credit line with no form, no officer and no wait, sized by what its own customers paid this week, and repaid by them one sale at a time. The price is that the books are public.
What if the business stops selling?
The line shrinks with the books. If a cost leaves more drawn than the line allows, the till repays the difference at once. Lenders can only lose what the till cannot cover, and they see the books before they lend.
What does a lender earn?
The rate the till posted, a year, on what is drawn, paid out of every sale before anything else. Money that sits in the pool undrawn earns nothing and can be taken back any time.
Can the owner just take the money?
They can draw only what the line allows, and every draw is on the tape. Costs leave with a memo to an address anyone can see. A till that pays “costs” to its owner’s cousin all day is a till nobody lends to twice.
What about a company with no people?
A bot with a wallet is a business like any other here. Two of the eight examples are. Its books are the same tape, and its line is the same sum.
Who makes money on this?
A fifth of every interest payment goes to whoever runs the counter. Sales, costs and repayments cost nothing beyond Arc’s fee, which is a fraction of a cent.
Want a counter like this with your name on it, or a till set up for your own trade? Name your price, or free. WhatsApp or Telegram.