So a lot of questions raised for me overnight -
I didn't 'crash' MemoryCoin 1. Don't believe everything you read on a forum. The shareholders of MemoryCoin 1 sacked me and the coin withered because it didn't have a dev. I explained the situation to the Bter exchange and recommended they suspend trading for a short time while the news was absorbed. They didn't want to continue with a coin with no dev support and halted trading altogether.
Some coins have a model where a benevolent dev works for free indefinitely on a coin. I don't think that's a sustainable model capable of major growth, and it's not the model here - if that's what you want, there are plenty of coins like that. The MemoryCoin model is development and promotion are paid for through slightly higher inflation, and the shareholders get to vote on who gets paid.
MaxPwr is quite mad, but he's a bit ahead of the game in his suggesting that the 'salaries' are used as corporate operating budgets. We're already seeing that with CTO and CSO positions - they're being distributed between a team. I expect that trend to continue as they become more valuable and competition increases. Overall the amount paid in operating budgets is relatively small in comparison to traditional corporations.
Shareholders can't be guaranteed they'll get good value for money from their chosen candidates - the sanction is choose an alternative until value is found.
The block explorer isn't reporting balances accurately - seems to report accumulated inputs as the balance without taking into account the outputs. MCF has about 45k coins combined and there is a very clear statement about it here -
http://memorycoin.org/foundation/It's a fair comment that I should not be using these funds to vote for myself as CEO - I'll change that to vote for an unspendable address.