We were talking with FreeTrade couple of days ago about MemoryCoin printed Gold Bar cards.

First of all, what is MemoryCoin gold bars?
It is a customizable card contains physical gold inside it. In special days like Valentines Day, St. Patrick's Day etc, IGR produces that kind of gold bar cards.
See an example here: http://www.apmex.com/product/81193/1-2-gram-st-patricks-day-gold-bar-pre-sale-2-12-14

I talked to gold manufacturers in Istanbul today. It is possible. However, I have some concern about the demand and benefits to the community.
I quoted two different manufacturers, I may quote more but my time was limited. Here are the offers I get:

IGR
The cost of custom production is around 3,000 USD. (Negotiated till 2,500 USD)
The minimum order amount is around 250,000 USD worth of gold.

Nadir Metal
The cost of custom production is around 1,500 USD. (Negotiated till 1,000 USD)
The minimum order amount is around 150,000 USD worth of gold.

I'm sure these amounts will be a bit more lowered when the actual agreement is made.
So what do you think? Is it worth to produce that kind of stuff or shall we switch to cost effective solutions such as keyrings, apparel, some low cost products?
As for Coaex, this will be our long-term goal. We can make it with fundraising or with reseller agreements with Arab merchants.

Working fine right now. Only web was blocked due to DDOS attacker, but Wallets are not compromise.

Some bugs at first time life, already fixed. I've not feedback about new bugs.



FaSan

Short-term, CSO's working on a social networking site for "MMC community professionals" - web developers, merchants, service providers, miners, etc.  That should give us a place to market ideas like this, see if there's anything related, or if anyone else is interested in advertising further, etc.

Long-term, I like MMC as an "open-source collaborative planning" platform...start with a bunch of "what-ifs?", then see what develops.  We can always play in MMC and see where it goes.  For all we know, someone's already working on something similar, and maybe they just need a bit of co-branding.

But credit union is only the financial aspect of possible "cooperative" models.  Could use it for personal accounting, private business management, or even incorporate your "for profit" and "for the benefit of MMC" selves separately.  Could extend the model to other currencies. 

I think the "for those MMC shareholder who agree I am acting in their mutual benefit by voting for me" concept could link and span anything from consumer, professional, sole proprietor, LLC, corporation, non-profit, etc.  Would provide a solid-basis for "trades in MMC should be tax-exempt, trades in fiat should be recorded and accounted for".

So, for the accountants, business owners, lawyers / etc - any general legal topics / advice to let people know about?

I've got a fun idea...how about an mmc/usd exchange?

"Voting" is the basic function necessary in business for a sole proprietorship to scale-up / develop into another business class (LLC, partnership, etc.).  With the voting and "auto charity" parts of the DAC, I think you could develop a model that leads to a real-world fiat-MMC credit union style business.

Combine the concepts of a nonstock (nonprofit) corporation, cooperative, a business trust, and a partnership, and you may be able to "legally" authorize (entrust) someone to operate a checking account on behalf of the MMC community members that person votes for.

Let's say the account is for operating funds such as payroll.  Let's say the co-op hires / contracts people to mine new coins.  As part of employment record, co-op may ask for ID and utility bill (if required by bank provider).  Co-op "votes" for employee miner address to approve / "hire".  Miner sends new coins to co-op's mmc address, co-op pays wages (income) from checking account to miner.  Co-op maintains any responsible documentation / records / tax records / etc.

Isn't that basically a community / non-profit accounting service, credit union, or financial trust?