You lost me at token.
Colony: A platform for open organizations
91–100 of 181 posts
Re: Colony: A platform for open organizations
#92Here are just two thought experiments I'd love to hear Colony/elena_di explain: Hypothetical 1: You and a growing team of incredibly engaged Colony members build out a $10M/yr revenue stream. Edge case leaks 87% of tokens to a dedicated hacker. Sorry? Hypothetical 2: I like/hate your successful Colony. So I locate and bribe/extort your main influencer/s to push your project into the ground (block work, object to ever…
> I locate and bribe/extort your main influencer/s to push your project into the ground (block work, object to everything, whatever) or in my preferred direction
How's that any different from the current state? Execs of current companies are humans with power to run the company into the ground. You can extort/bribe them like that as well. How does it change anything?
Re: Colony: A platform for open organizations
#93I read the whitepaper TLDR, but I'm still not clear on the value of the Colony Tokens. Is the idea that they are like shares in the Colony?
Re: Colony: A platform for open organizations
#94Here are just two thought experiments I'd love to hear Colony/elena_di explain: Hypothetical 1: You and a growing team of incredibly engaged Colony members build out a $10M/yr revenue stream. Edge case leaks 87% of tokens to a dedicated hacker. Sorry? Hypothetical 2: I like/hate your successful Colony. So I locate and bribe/extort your main influencer/s to push your project into the ground (block work, object to ever…
> 1. Edge case leaks 87% of tokens to a dedicated hacker. Sorry?
The level of code safety in smart contracts is abysmally bad today, Ethereum didn't further the state of the art with EVM/Solidity (quite the opposite), and this needs to be fixed before any serious business can rely on a DApp.
Smart contracts are like aerospace engineering, not like iStore apps development; delivering slightly buggy code, written as fast as possible, by easily interchangeable developers, doesn't cut it. It's worse than for aerospace actually: when you design a plane, your opponents are the laws of physics, which merely don't care about you. When designing a smart contract, hackers are specifically after you, and statistically, some of them are smarter than you and your code.
> 2. I locate and bribe/extort your main influencer/s
How is it different from the current practices of bribing executives and misleading shareholders (naively supposing that shareholders need to be mislead in order to pass bad, narrow-sighted judgements)?
> There are so many other fun problems with code-as-immutable-law for human institutions.
Indeed!
> It's concerning that none of these are even remotely addressed in the Colony literature
I take Colony as an experiment. As hinted above, I think you'd be a fool to bet your livelihood on some Solidity code. I don't think we're able to foresee which of those problems matter, nor the compromises which best mitigate them. Like in code optimisation, you need to measure before acting; Colony will meet those issues, will try to address them, and may or may not survive the process. Whether the lessons learned benefit Colony 2.0 or another project raised from its ashes, it's hard to say, but in the great scheme of things, it doesn't matter much.
Re: Colony: A platform for open organizations
#95This is the first Ethereum based project I've seen that seems halfway interesting (and I'm one of those "cryptocurrency doubters"). It doesn't somehow recursively relate to Ethereum, doesn't over-rely on blockchain buzzwords, and can be explained in a sentence or two. While first reading the page, I didn't realize that it was even an Ethereum based project until the very end, which I liked. At any rate, I'm intereste…
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Re: Colony: A platform for open organizations
#96This is probably one of the first Ethereum projects along with Augur.
Back in 2014, I remember talking with the founder about this project in the original Ethereum Forums when it was only an idea. I was also interested in self-organisation and decentralised management in a blockchain (Holacracy, etc). Glad to see he's come so far and still believes in his idea.
Re: Colony: A platform for open organizations
#97Earlier quoted context omitted.
It's interesting that I'm on exactly the other side - it seemed halfway interesting until I realized there's some kind of cryptocurrency involved (and only figured that out while reading this comment). The org stuff looks interesting - the crypto stuff makes me more suspicious of it's present and future because of the possibility of a money grab.
Instead of such a knee-jerk reaction to crypto, perhaps you can ask if the crypto token involved makes sense in this use case. If it doesn't, like in 99% of the cases, you can dismiss it then. Colony, IMHO, is one of the few projects where it does make sense to have a token.
Can you help me understand why a token makes sense in this case? It seems just as easy to implement this concept as Colony SaaS.
Re: Colony: A platform for open organizations
#98Earlier quoted context omitted.
Aragon's focus is mainly on Board-level governance, while Colony is focused on the day-to-day management of tasks with a built-in reputation system to allow contributors to be rewarded in proportion to the value they provide a project while having reputation-weighted influence in the governance of that project.
How are you going to handle the growing inequality problem? In every type of economy, inequality gap in wealth distribution tend to grow over time. In your system, you'll have the same trend with "reputation" or whatever measure of influence you choose.
For wealth, it’s probably a toughie, but for reputation it’s a bit easier because reputation decays over time. That means it’s impossible for an influence aristocracy to emerge. There will still likely be a power law distribution of influence at play, but it won’t be as extreme as it might otherwise be, and people will have to remain active to retain their influence.
Re: Colony: A platform for open organizations
#99This looks useful, but I couldn’t find any source. It seems like a centralized, closed service but yet it advertises itself as a platform for openness. How is that? For instance, does colony.io use colony.io to develop colony.io? And, if not, why not?
Because we haven't implemented the white paper yet. But we are coding that now and the repo will be opened once we're ready. Meanwhile we did publish the source for the token-weighted voting implementation, see https://blog.colony.io/token-weighted-voting-implementation-... and have opened more than just code, e.g. our employee equity plan https://blog.colony.io/on-creating-a-better-employee-equity-... , the legal re…
Do you have an open roadmap? Why not eat your own dog food here and "colonize" development, even if manually?
Re: Colony: A platform for open organizations
#100Here are just two thought experiments I'd love to hear Colony/elena_di explain: Hypothetical 1: You and a growing team of incredibly engaged Colony members build out a $10M/yr revenue stream. Edge case leaks 87% of tokens to a dedicated hacker. Sorry? Hypothetical 2: I like/hate your successful Colony. So I locate and bribe/extort your main influencer/s to push your project into the ground (block work, object to ever…
> I locate and bribe/extort your main influencer/s to push your project into the ground (block work, object to everything, whatever) or in my preferred direction How's that any different from the current state? Execs of current companies are humans with power to run the company into the ground. You can extort/bribe them like that as well. How does it change anything?
Well, there is actual law against it? https://www.nytimes.com/2015/12/02/nyregion/ex-citigroup-con...