NO...Im really not kidding, They will eventually get that point and will go ahead to make their Coca-cola coin which they most likely would like to appear as the only coca-cola coin. Then once they will  try to get their hand on my coin it will most likely end up in negotiations. who ever will hold a coin then will most likely profit from that since negotiating with me actually will not do much if the coins are not in my possession.
Anyway this way I will get reworded for my work and effort to educate the corporate on the new prospects of their future.

Now let me lay down my rationale for doing that project the way I do it:

1. Art is my form of expression
2. Credit is the life-line of our economy.
3. The production of credit in the form of a national currency is by law a monopoly held by the state and delegated to private banks.
4. Crypto-currency is a viable alternative to a centralized monetary authority.
5. A competitive market of credit providers which have to be accountable to their failure is in dire need.
6. The existing state of the western economy relied heavily on the central bank quantitative easing policy.
7. No one have clue as to the long term effect of that policy.
8.  States  do not presented to the public, plans for the banking system failure
9. An alternative of a parallel monetary communication system have to be set for the case of 2008 recurrence of a much larger scale.
10. Our social organisations which make the laws, are dependent and financed by the banking system
11. Public interest thus have very little effect on the law makers regarding  financial issues.
12. The "Too big to fail" phenomenon that was Identified as the source of the 2008 failure and was due to be fixed, only got "larger"
13. A non violent rise against the banking system,as demonstrated in the occupy movement using only democratic actions is too weak.
14. Corporates have a much greater power both on finance and government then citizens.
15. Greed is always present and strong, the system relies on it.
16. Get the Greedy and powerful corporates on your side,  to fight the powerful and greedy governments which should have been on your side.
17. Get their attention to realize that option.
18. Make them invest time learning about this option.
19. Protect yourself
20. Make your living doing that and HAVE FUN!!!!
 

I would like now to introduce to our discussion here the issue of appropriation art and show you the direction which I have chosen as a conceptual artist. In the photos below I have use other artist work and made it my art work by applying to it a few new layers, conceptual and visual. The entire piece was created on twitter as twitpics. I was going to a show opening and photographing the art works while incorporating the event visuals in a way that was related to the art itself.  the following pics are a few samples from two of my best works. Remember that the artwork in the pick is another artist's IP

                                                 


                                       

It is important to understand the conceptual end of these works. being done on twitter and tweeting it in real time, is of itself adding a conceptual layer that was not part of the original work. On top of it adding another feature that is part of the body of work remove it even further from the original work and finally stating the original owner of the IP of the appropriated piece, In these case the original creator (by name or gallery opening event) is also get the credit as part of the title of the piece.
(here is a link more example for that type of appropriation art work http://twitpic.com/photos/nililerner?page=6)

My Coca-Cola Coin  and the other brand name Coin I have created as Art-Coins follow that same exact formula. The title of the piece is named after the original author of the piece, In that case it is the coca-coal company that have the IP legal rights. Then there is the added conceptual layer which in this case is the coin itself. and the added feature that entire thread, which I use as the medium of my art like  a picture is the medium of these pieces above.

I do like to spent a bit more time on that though the real importance of Zenet is in it being the first token-coin attached to  a service platform which operates soley on the token. Again, Ethereum present that same prospect but as a less advanced mechanism. The triumph of Zennet is that it actually managed to facilitate an almost direct connection between payment and service received. In other word it is like swapping service for a comedy without a third party involvement.Thus it cut the need to a contract carried out and enforced  by that third party. This type of direct contract, is the thing that has been achieved by the bitcoin  protocol. But so far had been applied only to direct transaction of the coin itself, not any attached service or commodity. Micropayment is in did not Zennet's invention' but linking it to a service that allow the exchange of a  commodity per time unit with a coin micro units and both being controlled by an algorithm secured and powered by the user community. that is the breakthrough to my understanding. (This which i came across and understand very little of, is some what similar in nature I think http://en.wikipedia.org/wiki/Distributed_transaction )

As I have said before, This evolution of the crypto-currency ecosystem will allow very soon to transfer information of all kind in quanta upon payment without involving a third centralized patry and that is a big step to humanity This allow for a true free market mechanism to set the price and facilitate  risk mitigation like in future commodity trade.

Now, since most people can not comprehend this in terms of the breakthrough that it is, or just dont understand enough like myself , you guys in Zennet have to device a better reward system which will encourage early investors.
The way you have constructed that is not offering early investors great enough returns on their investment. and thus might not be the best way to determine  the value of the coin. So I will suggest two option which are probably too complex to actually be perceived and execute. but I would ask you again to reconsider keeping more coin for yourselves after the sell ends. The community investors should not fear a Mastercoin event recurrence. Since your platform need the token for its operation, unlike Mastercoin for example.  Thus coins will regain value if the product is sound.

Option one:
Set the minimum price value of a coin ( say one coin is 8 cent) and have investor determine the number of coins rather the value of it. So if we had only $1000 invested then the number of coins will be only 80,000. It may sound dumb but this way you can assure that early investor in did have 10% of all coins, if having 10% of the coins is attractive to investors, which I think it's not.
(The "gambling" prospect you offer in you present model by not setting up the price is a turnoff point to serious investors, though would work for your benefit assuming you can create a good buzz, since most investors are gamblers.)

Option two
Since I dont think that letting the community set up the value the of coins is sustainable for you and definitely can leave you streaped out of good profit for your hard work, I would think that a coin reward system that  grant investors with more benefit the earlier they come in is the best strategy. Regardless of market price these investors should benefit in zennet coin on early investment  Thus for each coin sold on pre-sell, the investor is practically given a one time "present" of  one other coin once the genesis block is launched . All these pre-sell tokens can be issued on counterparty wallet and be transferable and traded before the genesis block issue. On counterparty you can issue these pre sell units in instalments such that the first Issued instalment is  grand the buyers with 2 real zennt per one tokent and the second instalment grant the buyer with 1.5 real zennet per token unit (each instalment will have to be  issued as a different token but this have no bearing on the real Zennt, For easy use you can name it something like pre-zennte-1, pre-zennte-2 and so forth )


 
   

But that was only the beginning. When the summer of 2011 rolled in I took off  back to NYC for yet another epic movie production (which I cant even remember which)  A few week before returning to Israel (Yes im a native Israeli, My family is here and I oppose the occupation which is maintained by big money interest and shrunken hurts) the occupy movement notation  was seeded in a central Tel-Aviv Avenue named after Rothchild and spread across the entire country in a matter of weeks. By the time I have landed in Israel the big 1,000,000 demonstration was well on its way. The day I set my tent in the Avenu was the day of that demonstration which marked the beginning of the end of that last epic effort of the people to claim their freedom . The occupied movement that took off around the globe brought excitement and hope which was not present since the days of the flowers kids of the 60. But this grate moment of triumph was to be washed out by mere hosed of water and an army of policemen operating under the orders of the democracy. The Occupied movement was defeated using laws that created to regulate the order in public spaces and the hygiene of the city.
During that next year I have created my next work which featured everything that I came to realize about money and the state of our social union. In one of the still ongoing struggles public events I have set up a both in which I demonstrated the way fiat money should be created. I named this currency LOVE-NOTE



These notes where mimicking the things I grow to realize about the organisation of life itself. Love being nature's credit note, is secured by DNA signature to assure the  common interest of both parties. The thing that I came to realize about our monetary system, is that we are missing the individual signature of each member of a credit union of our states, to validate each note the state create. We have the central authority which was elected in a democratic process, but that authority of central banks can issue the credit on behalf of all of the union participant and then decide who will enjoy that new created line of credit while charging interest from all members which on behalf of their future work these notes was created for using it .

So as the central banker of my LOVE-NOTES I had to have each individual signing the notes created in their name. I literally had them draw it according to  my specifications and then sign with a few strands of hair.The note was then numbered and dated and signed by me as the central banker. A leger that linked between each note number and the members, who made  the note, was created and signed.

This one is for you HMC some remnants of my twitter project in 2009, printed copies which I saved tto documents  a few tweets projects,




And Three old  paintings of the child I once was







And this  one, a detail of an embroidered statement 2002



And last one stay on topic, my first money art project 2008. In a brooklyn open studios event I was making these ribbons  and selling each for $2 . On the wall this  statement was written

As I check my options I would like the Coke lawyers check this option on behalf of their clients. While doing this though, please keep in mind that it is only a representation for the real thing. an illustration if you wish. To make it legal and economic sound will require much more work . So as I work up my applied texture  you can concentrate on making the world a better place to us all
.

I'll tell you what would be stopping them assuming they know their craft.  They both need to verify every aspect of the law regarding the issues here, If they claim my action as wrong doing and threatened to take action, they are risking themselves of being dragged to court for "bulling" me with their mighty lawyers power and money. And this is the last thing they need for their image  . Though disney would stand a better chance than Coca-Cola' but for a reason I'm not going to clue them in to.
Anyway as long as I dont really make much money or headlines over this thing , maybe they don't even really put much thought into it yet . This I would not know, but it seams like you know a bit more. 

Ill try to be less of a smart ass which is one thing that made you think im a young male, and which Im usually not, only once called for.

To even compose the letter of  cease and desist, these lawyers have to really understand what is the thing that im doing here better than all of you here. Under the act of fair use which give art a large ligh way, it would be extremely hard to consider my acts as illegal, even If I make a lot of money doing that. They will have to establish the fact that it is not art and not intended as art. Having it be suck as art does not help much though they could have used it to show that it wasn't really my intent to make art,    But considering my record as an artist and the things that I have done as art before, this will not hold in court. I can prove beyond every reasonable doubt that It is in line with  similar things in the past and that this is a very rational step in the development of my art. which indid it is.  I could never come to this point without doing that prior work. ( I will supply these lawyers with all the the material they need in my NILIcoin thread, for now try to find everything about @whatar and @nililerner on twitter, both are deleted accounts but some tweets and pics are  left out there)

Having the art issue so complicated they could resort to coin issue which is the only thing that could infringe on their legal rights and be yet be illegal, like making play money look real and even the slightest confusing to the user. It is illegal to use the dollar for art and it is illegal to reproduce things that looks too much like real dollar. However even  bitcoin is not  declared as currency in most jurisdictions and even if bitoin was such thing, the counterparty Tokens would have to be define as the same thing which is even a bigger challenge)

There might be other things that Im not aware of, but I will learn that once the letter arrive. Then I see if I have what it need to address that. I can assure you all that I will share every piece of information with you here on the thread .

Rational x = Risk y
let me now explain the rational of doing this project from the perspective of the law: No lawyer whatsoever would be willing even to advise me on that. I could never explain it without demonstrating, which is the thing Im doing here.
 I may not be educated enough in all that the law say in every jurisdiction, but since it have to follow some common sense, I can use the information that is out there to  to work around  while stay with in safe limits.

This is where "risk" comes into the equation. Calculated risk if to name it properly, is  once your x of the rational  and y of the risk are proportional to each other inversely, meaning the bigger the x of the rational is the smaller the y of risk can be.. If my rational factor is very large my risk factor can be very small and vise versa.

The thing that I now have to clear with you is: what is the x stand for in that case and what is the y?
X is logic and Y is social code. when the logic of my rational is well established the risk of social infringement is much lower regardless of the law, assuming the law itself is rational and rooted in social consensus.
Since I establish a very strong x factor I can have my Y factor much lower. never the less I had to set for myself the number which both sides of the equation are equal to and that number is also larger than the common one is. That number by the way represent the limit of our function, which in this case is  the function of getting through life safely. (if I just messed up all of your math definitions, that is because I do the same with math as I do with laws and this, I truly enjoy doing :-) )

*sorry, just posted that before completing (was rushed out and pressed post without checking)

I do appreciate the time and the effort you art taking in understanding and improving this  thing that Im trying to do here.
This project, My coins, as an art concept is very very complex since it is using reality and real life materials as if it is a medium I can mold to my will. I did not intended to make that clear right from the beginning, it would not be easy to get through with it to a well educated art community and I don't expect people here to get is as such. The only importance of keep stating the artistic quality of this work right here on the thread was for legal issues which of course where the first to be brought up. I will post and explain much more about my art as time comes.. at the moment I do not expect people to buy my coins for believing in the quality of my art. In my NILIcoins thread I will very soon post picks ans info about my art.

There is however one point  every mathematician and code writer can understand better then most artists (though they too use that faculty all the time). When a writer tell you that his fictional characters are the ones writing the story it is because just like in math, once you set the  underline rules by which this character is operating, every situation you present to your character, it will act with in character according the first rules you set for it. Unless it is out of character and then you as the writer have to justify that. Which means that you present the reader with a good  proof which explains that. this justification for the out-of-character behaviour is the things that moves the story along and makes it interesting.

The more fundamental your rule setting is the simpler it must get. Most of what we consider to be fundamental is very often set on even more fundamental structure that is set in a different realm. all of our science rules are set on a structure that is based on our social behaviour and rules. As a conceptual artist, im trained at sifting through that mess,.Trained by the means of experienced using my most natural tendencies which are extremely rational though not appear that way in first sight.

One more important note regarding that rule setting...It is how you make something out of nothing, or something else out of something. You set the rules and then you have to put it in motion . I was once titled by a very well educated art critic as " the most self referenced artist he ever encountered" . Self referencing is that motion. you set a rule and then you start using by applying to situations. If with in one peice you use the rules clear and sound it will always make sense since it is the thing that set that reality, not the other way around. whether that reality is a painting, a story or real life.. In real life however ,you need the others consent to that rule. that consent is of the most fundamental rules of all thing which differ reality from fiction.... but on this ...later.

Rational x = Risk y
 

you are hired, HMC. :-) (I pay in mouse coins)

Thus far there is no big money in that. If they aware of it as you say their lawyers are hard at work figuring this "crypto-shit" out, while  puling their hair trying to figure out what the hell is this thing. art-coin.
They must be prepared for the scenario that this will take off. someone there is doing crash curse on bitcoin and the poor thing have to learn all about counterparty too. :-)
 

It is fun to be considered a guy of 20 years old. Well I'm a gal with a child in that age.

I actually did these kind of things for work, working in the movie industry but this I don't consider my art.

The technology to allow that did not exist yet....but today any big artist can sell his works for his coins only. Thus open that market to  many more investors which can all have a piece in one big  piece . But to actually do this, the coin itself as art, one need to be really ..... well stupid... or maybe ....not so stupid

being online thus a real time act, makes it a sort of performance in that sense...