Last week a ramshackle group of crypto investors tried (and failed) to buy the U.S. Constitution. This week on “Opinionated,” Ben, Anna and Danny talk about why. Recorded one day prior to the auction, this week’s episode explores the tough questions decentralized autonomous organizations (DAO) face in the wake of ConstitutionDAO.
For starters, how should DAOs organize themselves? Should it be one wallet, one vote or should larger contributors get a bigger share of the pie? Most projects follow the latter, but ConstitutionDAO’s unique focus on an important document in the history of democracy forces the question, Danny thinks.
This could prove to be an inflection point for DAOs as a whole, no matter the outcome. Media attention is rampant, new wallets are joining the movement. It may not have worked out for ConstitutionDAO but, as the gang points out, this form of flash crowdfunding is only just getting started.
This episode was produced, announced and edited by Michele Musso. Our theme song is by Elision.