Big news across the pond in Yankville for you Brits out there. A copy of the American Constitution was being auctioned off at Sotheby’s, and a group of attention seekers crypto thought leaders decided to pull together funds to buy it. That’s right. ConstitutionDAO crowdfunded upwards of 40 million USD (about 29.6 million quid) to purchase a copy of the U.S. constitution. One wonders how many of the 17,437 people who contributed funds thought they were purchasing fractional ownership of the famous document. They weren’t.
The six-minute instruction video telling people how to throw their hard-earned money away donate to this amazing cause included use of a platform called Juicebox. When the below popup gets displayed, they were instructed to click “I Understand.” And don’t ask any questions, got it?
When it came time to donate money to the cause, people were supposed to ignore the transaction fee (gas fee) which ranged from $50 to $80 per transaction. Why is the fee so high? That’s just how it is right now, okay? Stop asking so many questions and start enjoying the autonomy and freedom of decentralized finance.
They lost the bid. Probably had nothing to do with the fact that they
Sign up to our newsletter to get more of our great research delivered straight to your inbox!
Nanalyze Weekly includes useful insights written by our team of underpaid MBAs, research on new disruptive technology stocks flying under the radar, and summaries of our recent research. Always 100% free.
Become a premium member and get access to hundreds of premium articles, reports and additional content.
Nanalyze Premium is your comprehensive guide to investing in disruptive technologies. Read by the top investment banks, management consultancies, VCs, and research houses. Trusted by over 100,000 institutional and retail investors. Covering disruptive technologies for over 18 years.