Quote from: Paranoia on July 13, 2013, 11:08:22 AM

Here are some thoughts on how the company could work.

Once you have joined the company you no longer own shares in an individual machine. Instead you own shares in a pool of machines. This means that your income is not dependant upon a single machine but it also means that if any machine breaks down your income will decrease.
A percentage of generated BTC is kept back so as to provide funds for emergencies. This should be capped based upon the total value of the companies assets.
Broken machines are repaired (or replaced) from the emergency fund. Without this the Gh/s of each share will decrease over time.
Shareholders may sell or transfer any number of their own shares without the permission of any other shareholder.
A publicly available list of all shares and the bitcoin address distributions are made to should be maintained. This would allow 3rd parties to verify you own any shares you are selling and to verify that you have transferred the shares.
Any share transfer is the sole responsibility of the individuals involved and not the company.
New shares are only issued for new machines (not replacement or second hand machines) and the number of shares issued is based upon the hash rate of the machine. This will allow bigger and faster machines to join the company at a later date.
Shares are issued at the rate of one share for every 100/429 Gh/s. This would mean that 1 share in a Saturn would get you 11 shares in the company and 1 share in a Jupiter would get you 12 shares in the company.
The company can use its own funds to purchase new (as opposed to replacement) machines and thus increase the hash rate per share.
In any company vote it is one vote per share and not one vote per person.

When you talk about the new machine arriving, are you talking about a machine that was already ordered, or a machine that will be ordered after all the original machines have been ordered and delivered?

Also, I like how you bring up the fact of an emergency fund. I think it's worth talking about how we will juggle the removal of funds from payouts in order to cover expansion/breakage of machines.

Your point about joining the company and owning shares in a pool of machines is good idea, but I'm assuming that early adopter's would have to share their proceeds with eveyrone who bought in later, no? That could be problematic.

Apologies if what I'm asking isn't making sense, it's late here.