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

Decoder with Nilay Patel

Vox Media Podcast Network

Business, Technology

4.2 • 3.4K Ratings

🗓️ 7 December 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jonah Erlich is one of the core members of a group called ConstitutionDAO, a group that raised $47 Million to try to buy one of the original copies of the United States Constitution at an auction held by the high-end auction house Sotheby’s. Links: ConstitutionDAO Endaoment Crypto collective raises $27 million to bid for rare copy of US Constitution ConstitutionDAO loses $43 million auction of rare US Constitution copy ConstitutionDAO will shut down after losing bid for Constitution Almost buying a copy of the Constitution is easy, but giving the money back is hard Code is Law Ice Bucket Challenge dramatically accelerated the fight against ALS Iwata Asks: Just Being President Was A Waste! Succession Could ConstitutionDAO's PEOPLE token be the next meme coin? Transcript: https://www.theverge.com/e/22584604 Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Creighton DeSimone and Jackie McDermott. We are edited by Callie Wright. Our music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	You know, when you're staying at an Airbnb, chances are you've wondered,
0:05.0	could I place an Airbnb?
0:07.0	And if it could, what could it earn?
0:10.0	You might not realize it, but you could be sitting in an Airbnb right now.
0:14.0	Like some people Airbnb their whole house when they're away visiting family
0:18.0	or really on any sort of trip.
0:20.0	Just think, you can make enough money to cover plane tickets or some of that trip.
0:25.0	Find out how much your home could be earning at Airbnb.com slash host.
0:29.0	Addian. The payments platform that adapts with your business.
0:34.0	So you can accept all kinds of payments with one single integration.
0:38.0	Visit addian, a-b-y-e-n, dot com to learn more.
0:43.0	Hello and welcome to Decoder.
0:47.0	I'm Neilipotel, Editor in Chief of the Verge, and Decoder is my show about big ideas and other problems.
0:53.0	Today I'm talking to Jonah Erlich.
0:56.0	He's one of the core members of a group called Constitution Dow that tried to raise money
1:01.0	to buy one of the original copies of the United States Constitution,
1:05.0	and an auction held by the high-end auction house, South of Bees.
1:09.0	Now, raising money on the internet to do all kinds of things is a pretty familiar idea.
1:14.0	There are crowdfunding campaigns for everything from new products to movies,
1:18.0	to scientific research to politics.
1:21.0	But most of the crowdfunding we're used to happens through a central service,
1:25.0	Kickstarter, or fun me, or Indiegogo, whatever.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Vox Media Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vox Media Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.