Without the protection of fundamental human rights afforded by the American Constitution, there would be no Bitcoin, no Satoshi, no crypto: the power of cryptography would still be tightly controlled in the hands of the few and powerful.

The recent buzzword is about Constitution DAO.  ConstitutionDAO is seeking an esteemed partner to publicly display the Constitution. The eventual home must have the expertise to properly house, store, and maintain the artifact. Additionally, the community has expressed strong preferences for institutions that are free to the public and willing to cover the costs associated with housing the document.

Decentralization and cryptocurrency (web3) have created structures that allow people to self-govern with unparalleled levels of autonomy and freedom. It’s fitting that we use this technology to honor and protect the greatest historical tool for human governance: the U.S. Constitution.

Jake Chervinsky expressed:  This is Web3 at its best: thousands of passionate people coming together to fund the preservation of a historic document & make it available to the American public after decades in private hands. Truly amazing.

The Constitution isn’t just a set of laws or a historic artifact. It’s a symbol of the freedom & opportunity at the heart of our democratic experiment. Before Web3, who would’ve imagined that anyone, regardless of background, could participate in the American dream in this way?

I admit I’ve been a little emotional about it the past few days. Many of the notes from people who’ve joined are deeply moving. I feel this on a personal level too, as a grandchild of immigrants who came to America fleeing persecution across the sea.

So, if anyone mistakes Constitution DAO for a bunch of shadowy super-somethings, make sure they see what we’re up to here: Empowering the people—ALL of the people—to express themselves & embody the American spirit in a way we couldn’t have imagined before.

Community Reaction:  The Patriot Act is against the American Constitution. That’s the motivation why Satoshi Nakamoto created BTC.

Constitution DAO is about facing the flaws of our country’s past. Of course, some are here to make history, and others are here just for memes. But to many, this is for the people.

How can you explain the fact that $30m+ has been held in the custody of 13 people with zero oversight and zero checks & balances? ConstitutionDAO has rolled out the red carpet for regulators.

Take this DAO in particular, how in its infancy, would you have had it structured? instant decentralization seems near impossible at conception.

You don’t need instant decentralization. You need an immutable mechanism coded into the organization that will allow decentralization to naturally occur as more people join without requiring the permission of an “owner”. ConstitutionDAO does not have that.

If this were built as a real DAO, it would have assigned voting power as donations came in, and required a DAO vote to do anything with the treasury funds.

True and fair response. Would say though that a lot of the people involved and leading it aren’t crypto natives per se. So, their PoV on best practices and standards are limited to their experience, which is pretty cool to see they were still able to get it setup.

Do we know how this vote is going to work? How do we decide what are the options to vote on?  It’s entirely up to the “committee” what you get to vote on, how you get to vote, IF you get to vote. The Constitution will be owned completely separately from the alleged-DAO and governance can be entirely ignored if the custodians choose to do so.

Crypto is the wild west. The regulators are basically saying $30m in crypto is different than $30m in a bank account.