Well, I signed up for Colony, got my CLNY, and made noble plans to set up a DAO there soon, but of course, first I wanted to do the base, degen thing and see what my CLNY was worth. Also my first plan to acquire some more xDai was to sell a bit of my newfound CLNY riches. BUT....
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Turns out I didn't actually have enough xDai left after my bootstrapping to even pay for the trade... the Colony people had sent me 0.01 xDai (1c), and I'd spent about 0.0065 already, and I had 0.0035 xDai (~0.3c) left. Not enough xDai to sell CLNY to get more xDai 🤣
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Anyhow that was a good excuse to learn all this fancy "bridge" technology. So now given that the average tx on xDai seems to be about 0.2c, and I have $50 worth, I am good for about 25,000 tx if I don't spend xDai on anything else.
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For comparison, $50 will maybe get me 1-5 basic tx on Ethereum.
There's other ways to get small amounts of xDai btw, like the faucet
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Anyhow, now I'm all set up to try some adventures on Colony and other attractions in Gnosis land (recommendations welcome).
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But an interesting realization here: microtransactions are real now! For a couple of decades now people have been fantasizing about being able to cheaply move pennies around, now you can! I'm gonna try and do a bunch of penny-scale transactions next just because I can.
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Another really fun thing going on here is having the same address on multiple networks which feels very sci-fi. Like China Mieville's City and the City which I started reading but didn't finish (it is about 2 cities that somehow occupy the same space)
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Well, my actual DAO adventures have actually begun, with the Yak Collective pilot on Colony. We're also evaluating Aragon, DaoStack and Daohaus, as well as just winging it with our own home-rolled solution.
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I like DAOhaus the best, happy to help you orient in the tool.
Also check out Zodiac from Gnosis team. Start with a multisig (“Safe”) and add modular components as needed to form a DAO as needed.
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Particularly with additionally functionality of Moloch v3 (the smart contracts on that the DAOhaus no-code tool is instantiating) coming in a couple weeks, I’d spending more time focusing there.
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We already have a Gnosis safe, hmm, thanks for the tips.


