One fundamental principles is: I own the fruits of my labour. But if I
"own" a company I "own" the fruits of labour of other people. For example
suppose I'm able to sell a service which is worth 100$/hour, and hire two
contractors and pay them each 25$, I earn 50$/hour without doing work. The
workers might be very happy to earn the 25$, but they might be angry that I
profit from them. But perhaps I invested 100 hours to make this happen, and
now deserve a payoff. Is making a profit immoral? Google is worth 345B$ and
has 53,000 employees. All of this based on the idea of two 20 year old
students at Stanford. The early employees got an equity share and are
generally very rich. On the other hand corporations like Nike are often
rightly condemned for their business practices.


On Sat, Nov 16, 2013 at 2:47 PM, Benjamin Cordes <
benjamin.l.cordes@???> wrote:

> I think this is a very good direction. What is the difference between a
> community, a cooperative and a corporation? For instance I once joined a
> startup and thought they were a good community working for a good goal.
> However, as the owners of the company provided for my livelyhood in form of
> pay, I was subject to them. An equity agreement is where everyone takes
> parts of the income, i.e. the share of the profits. If 10 people work the
> company and everyone owns 10% that is a communal structure. But companies
> are formed around a select group of people, i.e. the founders, and can't be
> diluted infinitely.
>
>
> On Wed, Nov 6, 2013 at 6:35 PM, Matthew Holt <matthewholt3@???>wrote:
>
>> I'm already helping to run a form of bitcoin cooperative -
>> http://www.redstarmining.com/ - we're the longest running publically
>> tradeable bitcoin mining security. We currently have nearly 60btc and are
>> saving for KNC 20nm/16nm devices. As any ASIC's currently available for
>> pre-order would be unprofitable to buy currently with bitcoin. I would
>> like to try and help us move into accepting cash investment for bitcoin
>> shares and bitcoin dividends in RSM. As I think this'd be much more
>> profitable for new investors plus it could help raise a lot more capital.
>> But that move means getting fully registered and a lot of work I couldn't
>> do on my own. Shares are currently being traded on - https://796.com/ -
>> and we receive a full asset holders list every twety-four hours. Which is
>> needed after the shutdown of the GLBSE and BTCT that we've been through
>> both. We want to move on to a colored coins platform once it matures.
>> We've already looked at Open Transactions but feel the learning curve is
>> too steep for most investors. Once we've grown a little and are making a
>> healthy profit I plan on putting forward the idea of helping to support
>> worthy projects. Like The Freedom Box Foundation and the Free Network
>> Foundation etc.
>>
>> On 2013-11-04 00:16, Mike Gogulski wrote:
>> > If needed, and provided that the disbursement decision-making process is
>> > well-elaborated, I would be willing to serve as Bitcoin
>> > treasurer/trustee for such a fund, as I presently do for both the Ross
>> > Ulbricht campaign's Bitcoin donations and for the Center for a Stateless
>> > Society. I'd also work with a second trusted person to serve as
>> > backup/alternate/successor.
>> >
>> > Peace,
>> > Mike
>> >
>> > On 11/02/2013 10:29 PM, Amir Taaki wrote:
>> > > Bitcoin allows the creation of new unseen forms of cooperative
>> > > business. For instance unSYSTEM could have 1 cooperative fund which is
>> > > managed by a form of consensus. Individual projects could make their
>> > > own cooperative funds and request money from the community. Projects
>> > > could be funded through milestones with tradable shares (unlike
>> > > untransferable crowdfunding perks). This could be used to fund the
>> > > creation of public services, and there are other contractual tools.
>> > > Communication is very important too but I think we have a solid vision
>> > > for that.
>> >
>> >
>> >
>>
>> _______________________________________________
>> unSYSTEM mailing list: http://unsystem.net
>> https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem
>>
>>
>