FairSoftware seems interesting, and quite possibly a great way to safely evaluate contributors who might be worthy of becoming co-founders, but I question the l

FairSoftware seems interesting, and quite possibly a great way to safely evaluate contributors who might be worthy of becoming co-founders, but I question the legitimacy and legality of FairSoftware based on spending 10 minutes browsing the existing projects. Most of them are single contributor projects looking to post blog articles and share AdSense revenue. Can anyone speak to the legitimacy of this effort, and whether an existing legal single-member LLC should participate as an opportunity to gain for-equity labor and co-founders makes any sense?