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Comment by cwyers | Hacker News Reader

People need to learn how to get to the point, I swear.

> So, what does Colony do?

> Colony is a platform for community collaboration. It lets teams, projects, and communities do work, make decisions, and manage money, together.

I read that, and I'm like, what, it's like a CRM/project management for communities? Keep reading, and it's some kind of a crypto thing, as far as I can tell.

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From my understanding, it's project management with free market economics. Colonies and tasks are funded and whoever completes the task gets the reward. So, like a colony, it's a self-organising entity that works towards a goal that is most rewarding for everyone.

> So, like a colony, it's a self-organising entity that works towards a goal that is most rewarding for everyone.

That's a novel definition of a colony, unless I'm misinformed. Better not include it in the PR at least, could backfire.

I'm trying to define it economically. A colony is something that's independent from any other authority, thus creating it's own ecosystem. There's no one in charge, but everyone works on the most rewarding tasks, thus maximizing rewards for the whole ecosystem.

That is not how colonies work, no. The American colonies had to fight a war to be independent. Colonies are subservient jurisdictions.

It's using the term as in definitions #2-3 (particularly 3b) here: https://www.merriam-webster.com/dictionary/colony, not #1. They mean colony as in "a colony of ants", not the political structure.

You mean a colony of ants that has a queen, workers and soldiers?

The money thing makes me think is it for businesses? but I'm also kind of stumped.

Come now - they offer a tl;dr on their home page:

"A colony is a new kind of internet-native digital company where rules are enforced by software instead of hierarchy".

Right?

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