lgme · Draft · 22 October 2026 · not open for signature
This is a working draft for counsel. It is not a contract, not an offer of membership, and not legal advice. No cooperative exists. Reading this page does not make you a member. The bylaws are not adopted. The charter is the only rule in force, and it admits no one.
The parties would be Hederica Cooperative, once incorporated in a state not yet chosen, and a natural person who has been admitted on the tape. Until that admission, there is no second party.
Membership is the right to do recorded work for another member, to receive it, and to cast one vote. It is not a share, not a deposit, not a donation, and not a token.
A member would agree to be bound by the bylaws then in force, including the floor, the hour, and the tape. A website, a gift, or a stack of hours would not be a substitute for that agreement.
Admission would be a vote of the members, written on the tape before it counts. These sites take no applications. A person who has only read this page has not applied and has not been accepted.
The member would agree that an hour is one person and one hour. It is not sold, not lent at interest, not redeemed for cash, and not transferred to someone who is not a member.
A Hedera timestamp, if one is written, evidences the deed. It does not pay the member. The member would have no claim to be paid in dollars, tokens, or anything else for the hour itself.
An hour would count only if both the person who did the work and the person who received it attest the same deed: the class of work, and that it took one hour. One signature is not enough.
If they disagree, no hour is written. The disagreement itself may be a tape entry. It does not become an hour by a later vote, and it is not decided by the manager.
The network fee, if a timestamp is written, is paid by the member who asks for the inscription. The cooperative does not have to write it, and does not charge a price of its own. A missing timestamp means the deed is not on the tape. It does not erase the fact that the two members attested it to each other.
A member giving or receiving an hour is a volunteer of the record, not an employee of the cooperative, and not an employee of the other member. The hour is not wages. Only a manager, hired under the bylaws and paid in money set in advance, would be an employee.
If the cooperative ever holds a surplus of real money, a return by hours used is patronage. It is not pay for the hour. A year with no surplus returns zero, and the zero is complete. Any tax on a patronage allocation would be the member’s, under whatever the law then says. This draft does not promise that the return is tax-free.
One member, one vote. No proxy. The member would not sell the vote and would not vote on the member’s own wage or on a deed in which the member is a party.
The member would pay no capital contribution that can rise in value. A fee, if the members later set one, would be nominal and would buy no appreciation, no extra vote, and no claim on another person’s hours.
A gift sent to a personal wallet named on these sites is not a fee and is not property of the cooperative. It is not tax-deductible. No treasury exists. If the members later hold cash, it would sit in an account published on the tape, and two members would have to act together to move it. It would not sit in a personal wallet. Surplus, if any, would return by hours used, after the floor, and only if the bylaws then say so. A zero would be a complete return.
A minor would not be a member. An hour would not pass to an heir. At death the hours are cancelled, as on any other ending. They are not an asset of the estate.
The member would consent to a public entry of the smallest fact that proves the deed: who attested, what class of work, and when. The member could use a pseudonym where the law allows.
The member would not put a child, a patient, a debt, or any other sensitive fact on the tape. Consent could be withdrawn for future entries. An entry already published would remain, because an unpublished change is not a change.
Membership would end by the member’s written notice on the tape, by death, or by a cessation under the bylaws. Cashing an hour, selling a vote, or writing a hidden print would end it. Hours would be cancelled. They would not be paid out. One vote already cast would stand.
The members would first try to settle a dispute between themselves, and would write the attempt on the tape. If they cannot, the dispute would be heard in the courts of the state of incorporation, once that state is chosen. Until a state is chosen, this draft names no court and creates no duty to arbitrate.
Nothing in this draft is an offer, a solicitation, or an investment contract. It creates no account, no balance, and no duty to admit anyone. It is governed by no state’s law yet, because no state has been chosen. When a lawyer revises it and the members adopt it, the adopted text replaces this page. Until then, this page does not.
Signature lines are printed below so the shape can be seen. They are not open. Do not sign them.
Member, legal name: ________________________________
Pseudonym on the tape, if any: ________________________________
Date: ________________________________
Accepted for Hederica Cooperative: ________________________________
Not open for signature. No cooperative exists to accept it.
The same draft is on the book at egonomicanonymous.live/membership.
Desk · Disclosures · Not an offer. Not an investment.