My personal opinion is that it really all boils down to awareness, both of the risks and responsibilities. I personally would not involve myself in a co-op with an individual that did not have high acclaim among the ECF members. And I have been fortunate enough to be involved in two recently that have gone very well.
That being said, I understand that some people might have not had my same experience and have the need to place blame for the loss of their investment. I consider the co-ops a monetary investment for a physical product and with all investments, there is some level of risk involved as well as some measure of time for it to come to fruition. I think the institution of lengthy rules placed to limit co-ops would harm the community much more than protect it, as intended. The key is information, not regulation.
Inform the co-op organizers that they might be required to provide actual cost information (this should be something the organizer is willing to provide if they are legitimate anyway.)
Inform the buyers that the co-ops are not, in any way, like their local electronics store. They are more like a high risk investment. If you don't know or trust the organizer, then abstain from the investment. I think that most people understand this, however there are always those who need to be warned that the coffee is hot, so to speak...
Inform all involved that the ECF forum is only the medium in which ideas are developed. You wouldn't blame your electric company if your light bulb burned out.
Information is the key, at least in my opinion. Implementation of cumbersome rules would restrict the development process and the people who wish to take advantage of the system will eventually find a way to circumvent them anyway.
That being said, I understand that some people might have not had my same experience and have the need to place blame for the loss of their investment. I consider the co-ops a monetary investment for a physical product and with all investments, there is some level of risk involved as well as some measure of time for it to come to fruition. I think the institution of lengthy rules placed to limit co-ops would harm the community much more than protect it, as intended. The key is information, not regulation.
Inform the co-op organizers that they might be required to provide actual cost information (this should be something the organizer is willing to provide if they are legitimate anyway.)
Inform the buyers that the co-ops are not, in any way, like their local electronics store. They are more like a high risk investment. If you don't know or trust the organizer, then abstain from the investment. I think that most people understand this, however there are always those who need to be warned that the coffee is hot, so to speak...
Inform all involved that the ECF forum is only the medium in which ideas are developed. You wouldn't blame your electric company if your light bulb burned out.
Information is the key, at least in my opinion. Implementation of cumbersome rules would restrict the development process and the people who wish to take advantage of the system will eventually find a way to circumvent them anyway.