Cool idea but this makes too much sense for anyone in the crypto community to take it seriously. They mostly care about what gets the most likes and upvotes on Twitter and Reddit.
how do you sell to the millenial/zoomer audience? memes. you make it a social experience. you create not just shared governance over a document, but an entire community around it. organize events like watch parties, etc. especially covid era, creating communities is more valuable to certain groups than is creating an incrementally better search engine.
For instance on a quick search I found this video of him rallying a bunch of people to clean an extremely dirty beach.
https://www.youtube.com/watch?v=cV2gBU6hKfY
Humor and productivity don't have to be mutually exclusive. Maybe humor and fun is the way we get the average person to engage in collective action and do things that everybody thinks are impossible otherwise.
Maybe you could use your imagination a little bit to potentially think about why something like ConstitutionDAO might have larger implications than "it's just another ponzi-scheme. Or fall in line with the rest of Hacker News that fails to see how real people can benefit from an interesting technology.
Madagascar is currently going through a humanitarian crisis. Millions of people are facing starvation there and are likely to perish from it [1]. Is anyone in the crypto community trying to coordinate and organize some kind of humanitarian aid for Madagascar? Because if they did that then it would prove to everyone that this technology could be used to affect meaningful change for people in the real world.
1: https://earthobservatory.nasa.gov/images/148636/drought-in-m...
That's the beauty of ConstitutionDAO, it is quite literally proving that we have new ways in organizing and collectivizing. As a signal of that they are buying the constitution so that the people can take back what is rightfully ours. It gives people the freedom to try and solve new and complex problems in new ways.
Memes are the rallying cry of Gen-Z. DAOs are just a tool for organizing. The crypto community may not be ones to rally for Madagascar and I'm not expecting them to! But, DAOs give YOU the power to try and rally the people so we can do something. Rather than trusting you to manage the funds, the collective can trust the smart contract and vote on how they want to approach solving the problem, which professionals they want to delegate to to solve the problem and so forth.
This is so much more than trying pump shitcoins or ponzischeme. This is about allowing societies to collectivize in ways they never have before. You and your neighbors want to start a solar coop? DAO. A neighborhood is lacking the funds to support the local schools? DAO. The county wants to try and build a water treatment plant because they can't get funding from the Fed/State for clean water treatment? DAO.
DAOs will exist in all shapes and sizes and for different causes. Some will fail and some will succeed, but that's how innovation goes. While the technicals behind how these things will develop is still up in the air, this is the Netscape moment for crypto and nobody on Hackernews can come up with any other sort of justification for it not working other than it's a Ponzi Scheme.
Your generation is going to be faced with unimaginable hardships and the faster you folks grow up the faster you can start working on addressing real problems instead of wasting time on stuff like this.
Crypto and thought schools adjacent to it combine elements of Libertarianism and Socialism in ways that were unable to exist before their advent. These typically contradictory ideologies can be combined in a new way that help us overcome these systemic coordination problems and let us execute collective action faster. Find me another cause that has raised 40 million dollars in less than a week where funds are held in escrow by a computer contract.
To expand on that the field I work in is communication by nature and I'm literally planning on pitching a project to a startup DAO this evening. This project may quite well open the door for people in my field to jump start a new way of funding projects which makes sure that Consumers, project contributors and everyone involved are compensated in a fair way while also not requiring a private investor. This literally would have been impossible without a DAO.
If the pitch goes well and the project is successful it would allow me to undercut all of my potential competitors. As people who enjoy a free market might say "That's just business baby". Then on top of that, because of the nature of how it's structured, nobody is exploited and no rent is extracted from a private party.
Good luck with your pitch. Sounds like a cool project.
How else could ConstitutionDAO have raised funds as quickly as they have and in a secure manor without an intermediary company/legal entity holding the pooled funds?
In fact, going through an escrow service would have kept the amount hidden and given them an edge in actually being able to win the auction but this wasn't their goal. They wanted to show that they could hype this up and get people to sign up for it. I doubt they were ever serious about actually placing the winning bid which goes back to my original point about the crypto community not being serious about anything other than hype. I understand they're trying to grow the network of people that participate in the crypto community but shenanigans like this prove my point about them not being serious.
Because the constitution and ownership of the constitution is managed in the current legal and financial world (centralized), the DAO has to bridge out of the decentralized network to purchase it. Since no decentralized system exists in the current legal infrastructure they had to incorporate in Wyoming to make the purchase. (I don't think they would have been required to do this if Sothebys had an Ethereum Wallet)
If the DAO had won the bid and kept the constitution and managed it, nobody from the centralized world would be able to purchase the Constitution without the permission of the DAO and it's 17 thousand users (aka a buyer coming into decentralized territory). This is the purpose of the purchase, it is purely symbolic. The metaphorical possession of the DAO sets the precedent that blockchains can set a new standard for building Governance systems. What better way to demonstrate the growth of innovative governance bodies than buying the foundational document of modern day governance itself?
Moreover, it may be wrapped up in humorous memes and shitposts, but the sentiment is the same. That being the blockchain is a contender for overthrowing all current financial systems, and by proxy Governance as well. This is the whole idea behind the metaverse. Emergent and collaborative digital cities that are representative of real world communities working together to solve real problems like climate change, world hunger, poverty, education and every other problem you could think of. It breaks the shackles of the masters inside corporations and the masters inside the government.
Also, after losing the bid, do you think it is a coincidence that one of the men who stands to lose the most from the success of cryptocurrency was the person who won the auction?
https://www.msn.com/en-us/money/companies/citadels-ken-griff...
-note, this is probably my last comment for this thread. I appreciate the friendly debate. I always like chatting with those who hold opposing views. I will definitely be pondering points you've brought up and do more reading.