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I've been experimenting with Colony and other similar software in the past months in the hope to let the community decide on some aspects of our project. In my

by Lucadg 7y ago

I've been experimenting with Colony and other similar software in the past months in the hope to let the community decide on some aspects of our project. In my opinion we are still a few years away from something usable but the concept of DAOs is really exciting. The main issue is the high cost of ETH gas, which means just to vote on a single issue may cost a few dollars in smart contract gas fees. So we're now looking for aspects of the decision making process which are worth the cost. We haven't found any so far. Either way, it's great to be able to be part of something so potentially disrupting so early in the journey.

Barrin92 7y ago
>The main issue is the high cost of ETH gas, which means just to vote on a single issue may cost a few dollars in smart contract gas fees I don't understand the logic of this, why does this need to be a decentralised platform using real currency for transactions? If you want to simulate a sort of internal market you can implement something like "colony-dollars" and if anything at the end convert it into some actual currency.
- Lucadg 7y ago
  The gas is not for transactions. It pays the Ethereum network to execute the smart contracts. The idea is to have a decision making app where no one controls the app itself.