It’s odd to me that while unemployed people are all individually working on side projects, learning the latest stacks, etc and do it all as throwaway code that will never see the light of day-and that’s seen as acceptable, as is contributing to open source, etc. But doing those same activities as a cooperative and paid in equity is where people draw a line.

There’s definitely a lot of details to work out if this were to take shape. How much equity do people earn, what happens when they get a job and their availability declines, etc. But it wouldn’t take much effort to think through those kinds of things and make something reasonable/fair.