We get the next thing, they are up $45 million. It started out, I think probably many of our viewers were following it on Twitter a little bit. Toby Bordelon: This was actually fascinating. For some of these things, you could see a lot of potential pitfalls, but interesting nonetheless. We don't yet know exactly what the details are going to be.Įach DAO seems to be a little bit different right now, and it's I think to be determined whether this is a great idea.
Think about a sports franchise or your favorite restaurant or this is a piece of art. I think DAOs are an interesting concept that could allow a large group of people to pool money together to buy things that we can't necessarily buy today. The winning bidder could end up seeing what they were bidding against and there was a cap on what they could end up bidding, so I think the final number was about $45 million and with Sothebys' fees and the cost of security and whatnot for the Constitution, they weren't able to beat that.īut what we wanted to at least chat for a second about is the disruption that this can potentially bring to the market. That was this project, they did not win the bid. They framed it as bringing it back to the people. Where is it going to be housed? For how long? It wasn't entirely clear exactly what all those voting rights were going to be for, but basically, you would have some control over the Constitution. The interesting part from a structural standpoint is the people donating wouldn't actually own a piece of the Constitution, which is an important twist there, but they would own a right to vote on what to do with the Constitution. Not a ton of money from each individual person, but this is what I think is interesting, is you can raise a lot of money if you pool a lot of people together. So the way that the stock market is supposed to work, maybe, and the deal that we're discussing is this ConstitutionDAO project that raised about $45 million in five days to buy a copy of the Constitution.Īccording to the ConstitutionDAO's Twitter, they had 17,437 donors who their average contribution was $206 to the project. Basically, a whole bunch of people voting on the organization, what the organization does. But this decentralized autonomous organization is the concept, gives a group of people rights over an organization.
0 kommentar(er)
