In this special series of the Juicecast in celebration of the 1-year anniversary of ConstitutionDAO, Matthew and Brileigh are joined by several former core members including Anisha Sunkerneni, Miguel Piedrafita, Graham Novak, Alice Ma, Jonah Erlich, Ittai Svidler, Jon Hillis as well as Pablo Moncada-Larrotiz. ConstitutionDAO was a single purpose acquisition DAO that raised over $40M in an attempt to buy one of the last thirteen remaining copies of the U.S. Constitution at Sotheby’s on November 18th, 2021. What started as a joke in a group chat onboarding thousands into crypto and gave the world a glimpse of the power of blockchain technology, decentralization, and new forms of governance.
In this episode, Matthew and Brileigh follow the events that took place after the auction at Sotheby’s. They discuss the criticisms of ConstitutionDAO, the role of the media, and Ken Griffin’s involvement as the winning bidder. They also reflect on the big picture of ConstitutionDAO as a mental model for the public to learn about DAOs and what this story represents for crypto more broadly.
Chapters:
00:00:21 Result of the auction
00:03:24 Why ConstitutionDAO lost the bid
00:05:19 Discovering Ken Griffin as the winner of the auction
00:10:12 Ken Griffin’s comments on crypto and its threat to traditional finance
00:16:04 Choosing to wind down ConstitutionDAO
00:18:30 The rise of $PEOPLE and PeopleDAO
00:21:02 Reflecting on the big picture of ConstitutionDAO
00:23:54 Miguel the “purple haired dev” & the importance of web3 projects not about speculation
00:26:55 Jonah & Ittai on ConstitutionDAO as a model for DAOs to the public and early internet use cases
00:29:07 Anisha’s thoughts on the role of media and working with the press
00:30:49 Common criticisms of ConstitutionDAO
00:32:27 Pablo’s on leaving ConstitutionDAO
00:35:39 Jon’s thoughts on the future of DAOs & the value of the Constitution being owned by the people
00:37:43 Graham on what the story of ConstitutionDAO represents to him
00:38:34 The last privately owned Constitution going on auction at Sotheby’s on December 13
Topics discussed:
ConstitutionDAO
Ken Griffin
Sothebys
Early internet use and mental models for DAOs
American history
The upcoming auction at Sothebys
