US Constitution for Sale? ConstitutionDAO Makes Bold Moves

How should DAOs organize themselves?

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ABOUT

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.

HOSTS

Dan Ilett

Dan Ilett writes on tech, money and energy. He advises business on digital strategy and technology messaging for large deals. He is founder of Erbut - an advisory company - and Greenbang - a smart technology research company.

Anna Baydakova

Anna writes about blockchain projects and regulation with a special focus on Eastern Europe and Russia. She is especially excited about stories on privacy, cybercrime, sanctions policies and censorship resistance of decentralized technologies.
She graduated from the Saint Petersburg State University and the Higher School of Economics in Russia and got her Master's degree at Columbia Journalism School in New York City.
She joined CoinDesk after years of writing for various Russian media, including the leading political outlet Novaya Gazeta.
Anna owns BTC and an NFT of sentimental value.

Danny Nelson

Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.

Benjamin Schiller

Benjamin Schiller is CoinDesk's managing editor for features and opinion. Previously, he was editor-in-chief at BREAKER Magazine and a staff writer at Fast Company. He holds some ETH, BTC and LINK.

Danny Bradbury

Danny Bradbury has been a professional writer since 1989, and has worked freelance since 1994. He covers technology for publications such as the Guardian.

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