I'm liking this new trend of completely open source companies (e.g. Code Combat). I feel as though this it will either work immensely well or be a complete failure. It'll be interesting to see where it goes.
On a side note, are the legalities of sharing ownership in the revenues of Coderwall through App Coins clean? Does it exempt Coderwall from SEC regulations?
You bring up great questions, like cfield below. To be clear, Assembly App Coins are not securities. For the moment they only determine an individual's royalty payout when there is revenue. They can't be purchased by outside investors or transferred to other individuals that are not in the product's "partnership".
You can only earn Assembly App Coins when you participate in building the product, and effectively joining the product's partnership. This would be similar to how a law firm partnership is structured.
I think not being able to transfer or to resell is the right thing to do..
The "money generate more money" circle is not possible.. instead it would be always a virtuous cycle of "work generate value that can be convertible into money"
On a side note, are the legalities of sharing ownership in the revenues of Coderwall through App Coins clean? Does it exempt Coderwall from SEC regulations?