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Colony: A platform for open organizations

colony.io

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Re: Colony: A platform for open organizations

#111

Post by kibwen »

orcdork wrote: post #38
flunhat wrote: post #4

This 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…

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.

Seconded. I help to manage an open organization (an open source project, non-revenue, so thankfully no need to worry about profit sharing) and it's often damn hard. I was hoping to see a platform with tools specifically tailored for distributed organizations to make collaboration and communication easier. But as soon as I see anything related to cryptocurrencies, it puts me on high alert. I don't pretend that it's fair, but there's too many scam artists at large looking to exploit suckers for a quick buck to be anything other than cautious.

Re: Colony: A platform for open organizations

#112

Post by Chris2048 »

ComodoHacker wrote: post #90
elena_di wrote: post #66

Earlier 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.

I'm not sure it aims to solve wealth equality gap..

Re: Colony: A platform for open organizations

#113

Post by popcorncowboy »

fab13n wrote: post #94
popcorncowboy wrote: post #85

Here 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 fa…

Precisely.

> ...bribing executives and misleading shareholders

You raise an interesting point - in a Colony there is presumably no concept of enforceable fiduciary duty to shareholders (because there are none - we're not trading securities, we're trading plastic house chips on a blockchain). There are no legislated considerations for other members/colonists/dappsters/etc. I can vote/act with impunity, regardless of value creation/destruction potential. Welcome to the legal grey zone.

> I take Colony as an experiment.

As do I, and one I hope succeeds. But I'm not sure THEY do, which means early adopters are riding a bet that Colony gets it right the first time.

Re: Colony: A platform for open organizations

#114

Post by Chris2048 »

nullp0tr wrote: post #72
asymmetric wrote: post #69

Interesting project, but I find it unfortunate that they chose such a historically loaded term.

Agree,It's a big turn off for me personally to be honest. And I imagine institues in countries which were once colonized wouldn't be excited about using such a product/project due to fair historical reasons.

An organisation that throws out a tool because of its own insecure projections on its name has more problems..

Re: Colony: A platform for open organizations

#115

Post by Chris2048 »

cvsh wrote: post #81
fab13n wrote: post #73

Earlier quoted context omitted.

I thought of ants and bees. In a pro-decentralisation context, the interpretation you're referring to--which is the pinnacle of centralisation forced through violence for selfish goals--is so obviously irrelevant, that it didn't even come to mind.

It will probably come to mind for folks whose families were affected violently by colonization. That this wasn't brought up during the naming process paints a pretty clear picture of the team's demographic makeup. Edit: Yep. https://blog.colony.io/colony-q3-update-9daa57d0918c

Perhaps it was brought up, and not deemed relevant?

"come[s] to mind" != "triggered"

Suggesting a team should alter its "demographic" ("diversity" hiring) for the sake of such a weak association is extreme.

Re: Colony: A platform for open organizations

#119

Post by mgkabar »

stefano wrote: post #110
thiagodelgado wrote: post #102

Earlier quoted context omitted.

Hypothetical 1: Contract security is taken very, very seriously, and discussed in section 2.2 of the whitepaper. The short answer is that colonies will have a 'recovery mode' whereby whitelisted addresses have the ability to alter some state of the colony contract directly. This should, in principle, prevent the circumstances enabling such an exploit from ever happening. In that sense, the hypothetical is moot. The s…

> well, the answer is simply ¯\_(ツ)_/¯ That's not a great answer to a very realistic case.

I think the many sentences that come before the shrug emoji illustrate that the case is not very realistic. You're taking the final, sarcastic closing comment out of context.

Re: Colony: A platform for open organizations

#120

Post by Sir_Cmpwn »

owens99 wrote: post #118
Sir_Cmpwn wrote: post #116

A closed* platform for open organizations. Are there plans to make this open source? There's only one correct answer to that question, and it should be made clear from the outset.

Why?

>A closed platform for open communities

This is a contradiction. What kind of open community would put their eggs in a proprietary basket? Surely not one with an understanding of the finite lifecycle of proprietary services.

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