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Colony: A platform for open organizations

colony.io

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Re: Colony: A platform for open organizations

#151

Post by usrusr »

popcorncowboy wrote: post #113
fab13n wrote: post #94

Earlier quoted context omitted.

> 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 v…

Once large amounts of real money are be involved there would be an amazing clash of conventional corruption attacking the heads, a computer security battle attacking the basic building blocks of the influence mechanisms, the demagogic tactics known from online discussion boards trying to sway opinions of the masses of low influence individuals, the gray "pay for likes" business that exists in the shadow of big social media sites, and all the gaming-the-system tricks with multi-accounts and the like that are rampant in open, long-running multiplayer games.

Oh, the drama! It might be compelling to join as a perfect substitute for an HBO subscription, who needs game of thrones. You might see a group forged in a decade of Eve online alliance warfare fighting mob hackers fighting two competing factions of hedge fund managers fighting a 4chan prank.

On the other hand, sufficiently boring organizations (e.g. stewardship of some greying enterprise software open source) with peeexisting informal trust networks should be perfectly safe. But would they need "colony"?

Re: Colony: A platform for open organizations

#154

Post by owens99 »

Sir_Cmpwn wrote: post #120
owens99 wrote: post #118

Earlier quoted context omitted.

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.

I think making it open source would be better in the long term, but I'd personally use it either way if it works.

Re: Colony: A platform for open organizations

#155

Post by daics »

davman wrote: post #17
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…

So I wonder if this is the case because Colony actually pivoted into using Ethereum? I remember an earlier version that had the same basic concept but nothing to do with Ethereum.

No, they were one of the first projects on Ethereum back when Ethereum launched in 2015.

Re: Colony: A platform for open organizations

#156

Post by brenschluss »

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…

The fact that the cryptocurrency will not be "one member, one vote" but operate as an influence will just create positive feedback loops that amplify dominant voices and weaken less dominant voices. Which is already how the logic of social influence works anyways.

Re: Colony: A platform for open organizations

#157

Post by mgkabar »

repo001 wrote: post #141
mgkabar wrote: post #119

Earlier quoted context omitted.

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.

You're absolutely wrong. It's this attitude toward security that is a main factor toward most of the Ethereum hacks to date. - brilliant exploit by a hacker who was both skilled enough to outsmart many, many world-class developers all working together. - malicious enough to forgo the generous bounty awarded for disclosing the exploit to the Common Colony security domain. - detestable enough to willingly crash an enor…

Whoa, ok, let's back up here for a second, because I feel like this got a little lost in the shuffle: the dismissive sarcasm was a response to something specific, not to smart contract security of the Colony Network.

The three points above are all valid and absolutely important, and should be consistently and properly considered by anyone developing smart contracts or anything security related. There's no disagreement about that.

popcorncowboy, however, wanted to make an argument that assumed a security breach in order to make a broader point about "code-is-law" and DAOs in general, but was waiting for a response to unveil his second statement (which you can read now). The sarcasm was a response to the rhetorical and argumentative style of popcorncowby, not an illustration of the Colony dev attitudes toward the security of the smart contracts that will comprise the Colony network.

EDIT: phrasing

Re: Colony: A platform for open organizations

#158

Post by davman »

daics wrote: post #155
davman wrote: post #17

Earlier quoted context omitted.

So I wonder if this is the case because Colony actually pivoted into using Ethereum? I remember an earlier version that had the same basic concept but nothing to do with Ethereum.

No, they were one of the first projects on Ethereum back when Ethereum launched in 2015.

I thought it was just called "nectar" when Colony launched?

https://web.archive.org/web/20150402004048/http://colony.io:...

Re: Colony: A platform for open organizations

#159

Post by mgkabar »

conatus wrote: post #101
archagon wrote: post #80

Earlier quoted context omitted.

Question: are you guys legally organized as a cooperative, or is it still a conventional corporate structure?

Legally organised as a cooperative. There are three categories of membership and a democratic process to move between each: 1. Members - formal cooperative members with legal responsibility. 2. Outlanders - people more dedicated to the cause who get benefits like first refusal on incoming work and so on. 3. Collaborators - the first stage. You work at Outlandish basically. No status prevents you from participating in…

This is a really intriguing organizational structure. I'd love to ask you some more questions about how it works if you have any free time... please hit me up at (griffin {at} colony.io)

Re: Colony: A platform for open organizations

#160

Post by AgentME »

heroprotagonist wrote: post #137
orcdork wrote: post #38

Earlier 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.

I was exactly the same. I read this comment, then went back and looked again and saw: > One organization should not be beholden to, or have to trust another, in order to confidently conduct their business. > > That’s why the Colony protocol is built as open source smart contracts on the Ethereum network. In one breath, "We shouldn't have to trust any other organization" and then immediately after it's "built on the E…

The Ethereum network isn't an organization. It's decentralized without anyone having full control over it.
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