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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 recursiv

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 interested enough to read the documentation in depth now. Don't ruin this by having some bullshit ICO money grab, though. It looks halfway decent (and if you read my comment history, I don't really say that about any cryptocurrency projects, really).

QAPereo 9y ago
They’ve already written a blog about why they’re not going to do an ICO unless and until they are fully functional. If I remember correctly they were planning an ICO, but their lawyers advised that it would be a bad idea under the current circumstances and they rethought it. Honestly it’s says a lot of good about them in my opinion, most of all that they care more about the health of the project than getting rich quick. Even if long term riches are their goal, at least they’re going about it the sensible way and not playing cowboy.
- mbrock 9y ago
  https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 A protocol token is part of the Colony roadmap, but they won't do a token sale until the product is ready, to minimize the risk that their token will be considered an unlicensed security by the SEC. Protocol tokens or "app tokens" in general are really exciting, and a lot of the smart VC people are talking about them. The latest episode of the A16Z podcast is all about protocol tokens, for example.
  - Kiro 9y ago
    What's the difference between a protocol token and the scam tokens you usually get from ICOs?
    - mbrock 9y ago
      One's a scam and the other isn't? I mean, it's just a question of whether the thing is legitimate, real, and non-fraudulent.
      - Kiro 9y ago
        That's what I'm asking though. Are "protocol tokens" the same as regular tokens, technically speaking?
        QAPereo 9y ago
        In the same way that mmorpg currency is.
    - vertex-four 9y ago
      A protocol token can actually be used to do something.
      - Kiro 9y ago
        What is it then? How does it differ from regular tokens, from a technical point of view?
        mhluongo 9y ago
        It's necessary for the network design.
        vertex-four 9y ago
        There is some program in existence which uses the tokens to fund or incentivise actually performing some useful action.
davman 9y ago
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.
- deleted 9y ago
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- daics 9y ago
  No, they were one of the first projects on Ethereum back when Ethereum launched in 2015.
  - davman 9y ago
    I thought it was just called "nectar" when Colony launched? https://web.archive.org/web/20150402004048/http://colony.io:80/ https://web.archive.org/web/20150402004048/http://colony.io:...
orcdork 9y ago
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.
- tinkerrr 9y ago
  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.
  - orcdork 9y ago
    Being suspicious or cautious, particularly considering the amount of people expressing the same sentiment in the comments, is not a knee-jerk reaction.
    - jdjeiiie310 9y ago
      Especially when it’s been shown crypto currency can be expropriated and no one cares Oh boy another platform that can be gamed by a minority for their overwhelming benefit
      - KuhlMensch 9y ago
        What is the example of cryptocurrency expropriation you are referring to?
  - iakh 9y ago
    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.
    - 9y ago
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brenschluss 9y ago
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.

QAPereo 9y ago

They’ve already written a blog about why they’re not going to do an ICO unless and until they are fully functional. If I remember correctly they were planning an ICO, but their lawyers advised that it would be a bad idea under the current circumstances and they rethought it. Honestly it’s says a lot of good about them in my opinion, most of all that they care more about the health of the project than getting rich quick. Even if long term riches are their goal, at least they’re going about it the sensible way and not playing cowboy.

mbrock 9y ago
https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 A protocol token is part of the Colony roadmap, but they won't do a token sale until the product is ready, to minimize the risk that their token will be considered an unlicensed security by the SEC. Protocol tokens or "app tokens" in general are really exciting, and a lot of the smart VC people are talking about them. The latest episode of the A16Z podcast is all about protocol tokens, for example.
- Kiro 9y ago
  What's the difference between a protocol token and the scam tokens you usually get from ICOs?
  - mbrock 9y ago
    One's a scam and the other isn't? I mean, it's just a question of whether the thing is legitimate, real, and non-fraudulent.
    - Kiro 9y ago
      That's what I'm asking though. Are "protocol tokens" the same as regular tokens, technically speaking?
      - QAPereo 9y ago
        In the same way that mmorpg currency is.
  - vertex-four 9y ago
    A protocol token can actually be used to do something.
    - Kiro 9y ago
      What is it then? How does it differ from regular tokens, from a technical point of view?
      - mhluongo 9y ago
        It's necessary for the network design.
      - vertex-four 9y ago
        There is some program in existence which uses the tokens to fund or incentivise actually performing some useful action.

davman 9y ago

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.

deleted 9y ago
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daics 9y ago
No, they were one of the first projects on Ethereum back when Ethereum launched in 2015.
- davman 9y ago
  I thought it was just called "nectar" when Colony launched? https://web.archive.org/web/20150402004048/http://colony.io:80/ https://web.archive.org/web/20150402004048/http://colony.io:...

orcdork 9y ago

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.

tinkerrr 9y ago
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.
- orcdork 9y ago
  Being suspicious or cautious, particularly considering the amount of people expressing the same sentiment in the comments, is not a knee-jerk reaction.
  - jdjeiiie310 9y ago
    Especially when it’s been shown crypto currency can be expropriated and no one cares Oh boy another platform that can be gamed by a minority for their overwhelming benefit
    - KuhlMensch 9y ago
      What is the example of cryptocurrency expropriation you are referring to?
- iakh 9y ago
  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.
  - 9y ago

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brenschluss 9y ago

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.