[moe]

I like that I can actually understand this program and don't feel like it was carefully designed to rip me off.

Unlike the usual jungle of capped/uncapped notes, dilution, vesting schedules, option pools, pre/post valuation, etc...

[harryh]

This doesn't get rid of any of those things.

[alxndr]

Could it reduce (or simply eliminate) the need for more complicated ownership sharing schemes?

[harryh]

No.