A group of crypto friends decided to bid on a rare copy of the U.S. Constitution, raising more than $25 million in a matter of days. Real-world problems loom, including who will own the document, how they will pay for it and who will pick it up.
decided last week to bid on the last privately held original copy of the U.S. Constitution, a mission with all the hallmarks of the cryptocurrency world they sprang from.
Their name, ConstitutionDAO, is short for decentralized autonomous organization—just like digital currencies, which have no central organizing authority. Fundraising efforts for the document have taken place on the Ethereum network and moneys collected through a platform called Juicebox. ConstitutionDAO advertised its undertaking on Twitter and Discord, where contributors can get to know each other, as well as hear live Constitution readings over lo-fi beats.
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