[zachmx]

This specific copy of the constitution doesn't belong to the people, it is privately held and being auctioned. But if you are talking about the ideas of the Constitution belonging to the people, then how is that any different than the ideas of the blockchain and cryptosphere belonging to the people?

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.

[holonomically]

How many of those mentioned examples are real projects at this time?

[zachmx]

None, but those are just a few I had the imagination to come up with. If you fail to see the value, you will at some point. As Jeff Bezos has been quoted saying, "Your margin is my opportunity." and opportunity right now is ripe.

[holonomically]

I understand you are committed to this but you should understand that the adults in the room don't take any of it seriously. Jeff Bezos started a book store which he diligently grew to a eCommerce juggernaut. He did not start a project to buy what was rightfully his as a citizen of the United States. I'll repeat what I said previously, if you want people to take crypto seriously then the crypto community will have to start doing serious things instead of just having fun and shilling memes to buy a piece of paper at a Sotheby's auction.

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.

[zachmx]

The adults in the room don't take it seriously because they're blind to future advances. They think the current system can be upgraded and patched, but at present, that is impossible. It is fundamentally broken. The younger generation is already faced with unimaginable hardships and because of that has a tendency to be extremely dynamic and adaptive. They see the true problem as a coordination problem and crypto opens a new door with unexplored possibilities for coordination.

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.

[holonomically]

Good point about combining markets and social aspects but that is possible without DAOs as well. You're confusing the hype with the actual underlying technology and blockchains are not necessary to have any of what you described.

Good luck with your pitch. Sounds like a cool project.

[zachmx]

Thanks. If you're willing to expand on your thoughts about blockchains not being necessary to any of the things I described, I would like to hear it. I'm honestly looking for any reason to be wrong on this, and I have yet to find that reason.

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?