Decoder with Nilay Patel cover image

Decoder with Nilay Patel

From a meme to $47 million: ConstitutionDAO, crypto, and the future of crowdfunding

Dec 7, 2021
Jonah Ehrlich, a software engineer and core contributor to ConstitutionDAO, shares the thrilling tale of raising $47 million to bid on an original U.S. Constitution copy. He discusses the spontaneous birth of the project from a meme and its governance challenges in decentralized crowdfunding. Ehrlich explores the emotional rollercoaster of the auction, the complexities of token investments, and what accountability means in crypto fundraising. The conversation highlights the potential future impact of decentralized organizations and how community engagement shapes their success.
01:06:43

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