D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>good day Satoshi Club! 👋 we are starting AMA with Colony!<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Hello Satoshi Club! We are happy to announce our AMA session with Colony!\u00a0\u00a0\u00a0 Welcome to Satoshi Club😀 @jackdurose welcome here 😀<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>@jackdurose hello! good to have you here!<\/p>\n\n\n\n Jack du Rose: <\/strong>It’s a pleasure to be here @madamlobster 😄<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Happy to see you here! How’s going?<\/em><\/p>\n\n\n\n Jack du Rose: <\/strong>All good excited to answer some questions! 😄<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>awesome! so let’s begin with intro then 😉<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>And we have them! But first introduce yourself and tell us more about Colony😀<\/p>\n\n\n\n Jack du Rose: <\/strong>I’m Jack, the founder of Colony. I started the project actually even before Ethereum, and we presented our first demo of our first prototype at Ethereum Devcon 1. I think that was 2015. And before The DAO! So we’ve been working on the difficult challenge that is effective decentralised governance for a long time. And we think we’re the biggest and best out there. So that’s what Colony is all about. The ultimate DAO framework.<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Wow, so long time to develop! It should be perfect 😉<\/p>\n\n\n\n Jack du Rose: <\/strong>Indeed, we don’t expect it to be perfect, but we do expect it to be the best there is.<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>so all this time you have been working on Colony, since 2015?<\/p>\n\n\n\n Jack du Rose: <\/strong>That’s right. Colony is probably the largest solidity codebase of any dapp. It’s an absolute monster. And it’s also completely decentralised. We don’t think it’s acceptable for any organisation that would base their operations on our software, to be at risk of our ceasing to exist and the server they need to use dissapearing. So we’ve built Colony to be 100% decentralised. That means users can have confidence that Colony will always be there for them.<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>With Colony this will never happen?<\/p>\n\n\n\n Jack du Rose: <\/strong>Exa<\/em>ctly. So let me give you a bit more detail on what makes Colony so good.<\/em><\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>yes, please!<\/p>\n\n\n\n Jack du Rose: <\/strong>If you’ve ever participated in a DAO, you probably think DAOs=Voting<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>yep<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Yes<\/p>\n\n\n\n Jack du Rose: <\/strong>And we think that’s precisely incorrect. Tell me, in any “real” organisation you’ve ever worked in, how much voting was there? Very little or none.<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>No one<\/p>\n\n\n\n Jack du Rose: <\/strong>Instead people demonstrate their competence, and they earn authority to take actions up to the limit of the authority they’ve been given. if they absue that authority, then it gets removed. The whole point of organizations, and more specificaly companies, which is what most DAOs really are, is to reduce the transactions costs of the market mechanism for supply<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>agreed<\/p>\n\n\n\n Jack du Rose: <\/strong>if you’re always having to find suppliers, spec our what you want, negotiate contracts, manage deliver and compensation. it only works\u00a0 up to a certain point. at that point it becomes more expensive to coordinate supply via the market than just to have employees who are available all the time, and have agreed rates, and a detailed understanding of whats required. We call that “a company” Yet DAOs as we know them now dont do this. IIn principle, they HAVE to coordinate supply via the market<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>It’s very complex, but definitely has sense<\/p>\n\n\n\n Jack du Rose: <\/strong>and yet they actually increase the transaction\/coordination costs because they require everything to be voted on all the time. Colony doesn’t do that<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>So, what Colony does?<\/p>\n\n\n\n Jack du Rose: <\/strong>instead, people can make proposals and as long as nobody objects, after a security delay, it will pass. If someone really does disagree, they can “Object” by staking against the proposal and only then will a vote take place an critically, both the ability to create and object to proposals, and to vote is weighted by Reputation in the organisation, not (usualy) based on tokens. so that means the people who have demonstrated they actually understand the thing being decided on have the ability to make things happen and because of that, decisions can happen efficiently, with a minimum of unneccesary voting. There’s a lot more to Colony than that though, but perhaps there are other directions you’d like to explore<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Very interesting 👍 Sure, i see that you have a lot of directions! And we have a some questions about this😀 From our community<\/p>\n\n\n\n Jack du Rose: <\/strong>hit me<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Let’s start part 1🚀 and thank you for your intro 👍<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>thank you for the great intro! let’s open the first part!<\/p>\n\n\n\n Q1 from Telegram user @h1drX<\/strong><\/em><\/p>\n\n\n\n All of us who work with cryptocurrencies are aware\nof the high fees that Ethereum is demanding on its blockchain, causing people\nto stop using ETH. Why did you decide to create Colony on the Ethereum\nblockchain? In what aspects of the project does the high rates affect? Are you\nplanning to adopt another blockchain soon?<\/em><\/p>\n\n\n\n Jack du Rose: <\/strong>We aren’t on Ethereum, we’re on xDai. Using Colony is not feasible on Mainnet. However, the EVM is the place to be for now. So we’re working to enable L2 governance (e.g. sidechains and rollups) with L1 execution.<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>When do you plan Mainnet?<\/p>\n\n\n\n Jack du Rose: <\/strong>So if you’re a DeFi protocol on L1, you can do your governance on fast, cheap L2, and still see smart contract execution manifest on L1. We don’t plan to release on Ethereum mainnet until Ethereum scales. It’s not necessary for us to deploy there. In terms of other L1 chains, in my opinion there are really only a handful that are likely to be meaningful in the future. We get approached by a lot of them asking us to build on their platforms. but the most important thing to us is the ecosystem that exists on a chain and none of them are able to demonstrate anything meaningful there (other than Polkadot, Dfinity, Cosmos)<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Wait, do you mean L1 and L2 on ETH or xDai also has L1 and L2?<\/p>\n\n\n\n Jack du Rose: <\/strong>No, xDai is an L2 sidechain of Ethereum. Runs on a Delegated Proof of Stake chain<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Got it!<\/p>\n\n\n\n Jack du Rose: <\/strong>gas is always 1gwei and denominated in Dai. so transactions are suuuuuper cheap. for example to deploy a colony on Ethereum mainnet flucations in cost between areound $1500-$2500<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>wow, thank you for clarification! something new to me, i have never used xDai<\/p>\n\n\n\n Jack du Rose: <\/strong>to deploy on xDai always costs $0.0055. Half a cent!<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Really? I forget about such prices 😂<\/p>\n\n\n\n Jack du Rose: <\/strong>So on xDai $0.01 in gas money goes a really long way. About 30-50 tx depending on how big they are<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>I payed 20$ for approval today😂 And it was L2 solution😂<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>yeah, tell me 😄😉<\/p>\n\n\n\n Jack du Rose: <\/strong>Wow, that’s a lot. What’s up next 😄<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>it was dydx alpha version. so ready for the next question? 😉.<\/p>\n\n\n\n Jack du Rose: <\/strong>hell yeah. hit me<\/p>\n\n\n\n Q2 from Telegram user @RosemaryBianco<\/strong><\/em><\/p>\n\n\n\n Colony released their new version recently (Colony\nv2), but they mentioned that it will be a \u201csoft release\u201d, which shows that it\nis an early beta version, so there will be bugs and a variety of UX quirks. So,\nas of today, you have already managed to solve several issues within this\nversion ? was this release a success ? Do you plan to release a new version\nwithout existing bugs and quirks?<\/em><\/p>\n\n\n\n Jack du Rose: <\/strong>Ha! Well there will I think be bugs and quirks for a while as we’re aggressively shipping features rather than focussing on maintenance. we tend to prioritise moving forwards over tidying up and mainly fix the important bugs<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Very good strategy<\/p>\n\n\n\n Jack du Rose: <\/strong>thankfully there haven’t\nbeen too many of those, and what there were we fixed easily.\nBut we’re\nnow constaly shipping. We release a new deployment roughly weekly.\nSometimes\nit’s new features, sometimes it’s squishing bugs. We just don’t announce\nit every time becuase frankly its boring. 😄<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Do you have any roadmap?\nWhen do you plan to leave word ‘soft’ behind?<\/p>\n\n\n\n Jack du Rose: <\/strong>Sure do, and it’s 🔥 https:\/\/blog.colony.io\/roadmap<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>So many events this\nyear! You choose right time!<\/p>\n\n\n\n Jack du Rose: <\/strong>I think we’ll consider\nit a hard(?!) release, when we roll pur our governance functionality in Q2.<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>thanks! that’s the most\ninformative roadmap i’ve ever seen 😁<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>It’s near🔥<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>nice!<\/p>\n\n\n\n Jack du Rose: <\/strong>Yeah, we’re now in a\nplace where we’ve really done most of the difficult stuff that’s invisible to end\nusers but necessary to make the magic happen. Now we’re mainly focussed on\nshipping UI to end users, and we’re doing that in such a way that the longer\nwe’re building the faster it will be for us to ship stuff.<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>awesome! thank you for\nthe answers! ready for the next question from the community?<\/p>\n\n\n\n Jack du Rose: <\/strong>Bring.It.On<\/p>\n\n\n\n Q3\nfrom Telegram user @mctrho <\/em><\/strong><\/p>\n\n\n\n If\nI\u2019m not mistaken, Colony has \u201cupdate capability\u201d, which will allow people to\nuse Colony without preventing themselves from using new features as they are\nadded to the network. This implementation works based on the \u201cEtherRouter\ncontract\u201d and the \u201cResolver contract\u201d. Can you explain to us how these\ncontracts can work together?<\/em><\/p>\n\n\n\n Jack du Rose: <\/strong>Okay a deep technical\nquestion. Let me pass this to my colleague and I’ll give you his response\nshortly. Next\nquestion please!<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>got it!<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Ok, we can go to the\nnext and then, when you will get response will go back to this<\/p>\n\n\n\n Q4\nfrom Telegram User @yellowchamp<\/em><\/strong><\/p>\n\n\n\n Can\nyou explain more about the Metacolony? How can anyone become part of\nMetacolony? How does Metacolony connected with Colony? How does Metacolony\nbecome essential and important to Colony ecosystem? What positive and negative\nimpact that Metacolony will bring to Colony network? Thank you<\/em><\/p>\n\n\n\n Jack du Rose: <\/strong>The Metacolony is the\ncolony that manages the colony network. Eventually, we as a\ncompany will cease to exist, and all governance rights will be ceded to the\nMetacolony. We\nhave outlined this process in detail in our technical whitepaper at\nhttps:\/\/colony.io\/whitepaper.pdf<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>So, Colony won’t exist\nin the future?<\/p>\n\n\n\n Jack du Rose: <\/strong>Anyone will be able to\njoin by doing something useful for the metacolony, like writing some code, or\nhelping with promotion. Colony\nwill exist, but Colony is the platform, no the company. And it will be governed\nby the Metacolony.<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Gotcha 👍 Thank you, Jack!\nEverything is clear for me<\/p>\n\n\n\n Jack du Rose: <\/strong>If you do something\nuseful for the Metacolony, then you’ll earn its native token, CLNY, and with it\nyou’ll earn an equal amount of reputation in the Metacolony, giving you the\nability to influence the activity of the Metacolony in the teams in which\nyou’ve contributed value. Owning\nboth CLNY and Reputation in the Metacolony will entitle you to claim a share of\nColony Network revenues<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>If i will buy CLNY i\nwon’t get any reputation, right?<\/p>\n\n\n\n Jack du Rose: <\/strong>Correct, but you can use\nthat CLNY to stake in a Reputation Miner, to compute reputation updates for th\nwhole Colony Network. When you participate in this Reputation validation\nprocess, you earn more CLNY and Reputation. And the more CLNY you\nhave, the greater the probability you’ll be able to validate Reputation.\nI have an\nanswer to the EtherRouter question:<\/p>\n\n\n\n >\nThe EtherRouter contract is the code that is deployed at the Colony’s address.\nIt is a very simple contract that, for any transaction sent to it, it queries\nthe Resolver contract to find the location (contract address) of the function\nthat transaction is trying to call. It then executes the code it finds at that\naddress the Resolver provides. To update a colony’s version, the resolver used\nis changed from one that knows where to find (for example) the v4\nimplementation of the functionality, to one that knows where to find the v5\nimplementation. In this way, the colony’s address stays the same (because the\nEtherRouter code does not need to change) but the functionality can be upgraded\nand added to.<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>thank you! i think all\ntechies in Satoshi Club are happy about this answer 👍<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Reputation which i will\nget from staking can be compared with reputation from staking? I mean that if a\nwhales which want to influence decision making just will buy a big amount of\nCLNY and stake it will they be equal to those who really did something for the\nproject?<\/p>\n\n\n\n Jack du Rose: <\/strong>Reputation is earned in\nspecific teams, so this reputation would be earned in the “Reputation\nMining” team. The proportion of the total CLNY which goes to mining is\nalso constrained and subject to the governance of the Metacolony which may\nchoose to increase or decrease that amount subject to the prevaling sentiment\nabout how such rewards should be compensated. So when you earn\nreputation, you earn it in the specific team, and any parents of that team.\nLet me grab\nyou a little diagram<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Sure!<\/p>\n\n\n\n Jack du Rose: <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n So,\nif you do some frontend work, you earn reputation in frontend, and also in Dev,\nand in Root. i.e. it sums up the org structure.<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>I understand! Complex\nsystem, as i told before 😀<\/p>\n\n\n\n Jack du Rose: <\/strong>but earning frontend\nreputation, would not mean you have any authority in Backend decisions.\nOrganisations\nare quite literally complex systems. that’s the academic field which\nseeks to explain how organisations, and other forms of complex adaptive\nsystems, work. And\nfor clarity, that’s just an example org structure. It could be any set of teams,\nthey are not predetermined. And\nthe higher up the org you go, the more people and reputation there will be<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Thank you, Jack! Really\ngreat answers!<\/p>\n\n\n\n Jack du Rose: <\/strong>so it’s not a\nhierarchical organisation in the traditional sense in which the higher up the\nhierarchy you go, the more power is concentrated in fewer people.\ninstead the\nhigher up the org you go, the more diffuse the power is among more people<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>And it’s good! Btw, how\ndo you call this structure? Democracy?😀<\/p>\n\n\n\n Jack du Rose: <\/strong>Meritocracy.\nI think\ndemocracy is good for nations, not good for organisations.\nThe input\nof some people is strictly more useful on specific topics than the input of others.\nThis is why\nwe don’t have accountants doing brain surgery and Colony tries to\nreflect that reality via an entirely decentralised, pseudonymous, and bottom up\nmechanism<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>I see that more and more\npeople are supporters of such views😀<\/p>\n\n\n\n Jack du Rose: <\/strong>And I think we see it in\nother DAOs too, that participation is very low in voting because most people\ndon’t have something useful to contribute about many detailed decisions.\nso they’d\nrather allow other people who do have an informed opinion, take the decision<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Fantastic! I really hope\nthis will work!<\/p>\n\n\n\n Q5\nfrom Telegram user @Derazy<\/em><\/strong><\/p>\n\n\n\n What\nis Colony strategy that involving community? Does Colony teams create DAO\u2019s\ninfrastructure themselves? How does it go so far?<\/em><\/p>\n\n\n\n Jack du Rose: <\/strong>Hmm okay I think I\nunderstand the question. So\nin terms of teams creating DAOs on Colony, for this soft launch we’re\nonboarding people one by one. We call this the “white glove”\nonboarding. We’ve\ngot hundreds of orgs queuing up to use colony, but we want to bring them aboard\nslowly, understand what they want to do, and try to support them in a very\nhands on way. We really want to help users succeed using Colony.\nSo far,\nthat’s going great.<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>So even though you said\nearlier that you focus on features, do you pay much attention to support?<\/p>\n\n\n\n Jack du Rose: <\/strong>Yes we’re there for our\nusers via Discord, but so far we haven’t had much need to provide support to\nusers. It seems to just work and they understand how to use it.\nPeople seem\nto find the UX very intuitive and love the speed and reliability of xDai.\nNext?<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>thank you! the last\nquestion from this part!<\/p>\n\n\n\n Q6\nfrom Telegram user @KeymerS<\/em><\/strong><\/p>\n\n\n\n It\nis necessary for the company to make an evaluation involving planning,\nproduction, marketing and I decide to use COLONY as an organizer, what steps\nshould I follow for your contract?<\/em><\/p>\n\n\n\n Jack du Rose: <\/strong>I don’t really\nunderstand the question I’m afraid.<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>well, maybe this guy\nmeant that he wants to work with you?\nwhat steps he should do for this? 😄<\/p>\n\n\n\n Jack du Rose: <\/strong>For now we do most of\nthe work ourselves, but that will change as we cede control gradually to the\nMetacolony. When governance goes live we’ll start on this process and then it\nwill become easier for external people to contribute. In the shorter term,\nwe’re also soon rolling out a bounty program which will allow contributors to\ncontribute to a bounty colony, and earn a share of a CLNY distribution when the\ntoken is released. I\nthink we’ll formally announce the details of that in the next couple of weeks<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430 \u0420\u043e\u0443\u0447: <\/strong>bounty program is always\nnice 👍<\/p>\n\n\n\n Jack du Rose: <\/strong>it’s a pretty cool\nprogram though because it has a mechanism whereby the more successful it is,\nthe more CLNY will go to the bounty hunters. We’ll announce this at\nhttps:\/\/blog.colony.io and on twitter https:\/\/twitter.com\/joincolony<\/p>\n\n\n\n \u041c\u0430ry Satoshi CLUB: <\/strong>Satoshiclubbers! It’s your chance to participate in CLNY distribution 😉 Thank you for your answers, Jack!<\/p>\n\n\n\n Q1 from Telegram User<\/em><\/strong> @JuanSB07<\/strong><\/em><\/p>\n\n\n\n Within\nthe “Toolkit” or features of Colony I did not find anything about its\nsecurity and prevention of cyber-attacks or possible hacks. But I could see\nthat something that generates reliability is that Colony is built on Ethereum,\nbut is this enough? What is the security and hacks prevention system they use?\nIf their goal is to create organizations together, online. Is it not possible\nfor one of these organizations to be hacked ?<\/em><\/p>\n\n\n\n Jack\ndu Rose<\/strong>: <\/strong>Great\nquestion.<\/strong><\/p>\n\n\n\n One of the most important features of Colony is “Recovery mode”<\/p>\n\n\n\n <\/p>\n\n\n\n Recovery mode is your colony\u2019s panic button in case of\nemergency. Freeze the colony. Fix the problem. Restart your colony via\nmultisig.<\/p>\n\n\n\n Q<\/em><\/strong>2 from Telegram User<\/em><\/strong> <\/em><\/strong>@h1drX<\/em><\/strong><\/p>\n\n\n\n The\nessential structure of the colony revolves around domains and the permissions\nthat accounts may have in them. Can you\nexplain a bit about domains and permissions? \nWhat is the relationship between them? \nWhat are the utilities of the six different permissions (recovery, root,\narbitration, architecture, funding, and administration)?<\/em><\/p>\n\n\n\n @jackdurose<\/em><\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/image-27-1024x494.png\")
<\/figure>\n\n\n\nPart 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
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