This article is from Merkelgen's Notes. The original title is "Online group buying bought the US Constitution? "

Nick Cage once stole the Declaration of Independence and kidnapped the President of the United States.

Hollywood movie "National Treasure"

This week, a group of netizens under the name ConstitutionDAO (Constitution DAO) tried to buy the last privately owned first printed copy of the US Constitution and put it"in the hands of the people"。

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What the hell is a DAO?

DAO, Decentralized Autonomous Organization (Decentralized Autonomous Organization), is a blockchain-based, member-owned group that can quickly and easily raise funds, manage projects, or make investments. This type of group is gaining popularity in cryptocurrency circles as it promises shared governance of the organization's assets and a democratized voting structure that dictates how it will function.

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Fundraising for ConstitutionDAO

You can participate in ConstitutionDAO anywhere as long as you have an Ethereum Wallet. As of now, in just a few days, ConstitutionDAO has raised nearly 3,200 Ether, equivalent to approximately $13.6 million in donations. In addition to ordinary individual users, there are also institutions like Gemini Exchange.

Donors will receive the governance token $PEOPLE, which is a cryptographic token tied to the project, rather than a fractional ownership of constitutional documents. According to ConstitutionDAO's website, governance includes the ability to make recommendations about where and how the Constitution should be displayed, and what ConstitutionDAO's mission is.

The Sotheby's auction will be held on Thursday, November 18 at 6:30 p.m. ET. If the ConstitutionDAO auction is successful, it plans to"put the constitution in the hands of the people"first level title

Everything is MEME

At the moment when American politics is polarized, "buy the constitution and put it in the hands of the people" is very topical, and new MEMEs have emerged on Twitter:

"Wagbtc", representing"We Are Going to Buy The Constitution" We are going to buy the Constitution.

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Interview with ConstitutionDAO Core Members (CNBC)

Although there is still one day left and 40% of the 20 million US dollars that the organizers hoped for, the DAO organization completed the discussion of ideas, the establishment of the core team, the establishment of non-profit entity organizations, and the progress of fundraising completion in just one week. It embodies the great potential of Web3 in social mobilization capabilities.

Let's take a look at what the core members have to say. https://www.cnbc.com/2021/11/16/dao-raises-millions-in-eth-to-bid-on-copy-of-us-constitution.html

How did the idea of ​​creating this DAO come about?

Alice Ma: An article about Sotheby's auctioning off Constitution started circulating on Twitter and shared in several group chats. Several groups of netizens started tweeting:"Hey, what if we bought the Constitution together?"Started seeing other people with similar ideas and decided to team up. After a Zoom call, a Discord server, and a few sleepless nights, what started out as more of a joke turned into a seriously viable idea that we had the chance to bid on in the auction.

How does it feel as funding surges and interest in The DAO explodes? Was the response surprising?

Tina: To be honest, we didn't expect such a result. It's hard to find words to express our surprise and encouragement. But we don't have time to celebrate - we've been working around the clock to help this community grow in a scalable way, making sure we have the right legal and financial infrastructure to receive donations, and getting the word out that everyone who wants to be a part of it Everyone in the party can hear the news.

What is the biggest takeaway that people should know about? In this wave of interest, is there an aspect that you guys see that isn't being covered enough?

Anisha Sunkerneni. It is especially encouraging for us (and our contributors) that those involved in our DAO will be able to access and review this constitution, knowing that they participated in this moment and have a say in how it develops. It's a completely different experience than viewing documents at, say, the National Archives.

There are many new governance models being developed in the web3 ecosystem, and for us, using these new tools and ideas, to take this document (which also establishes a new and enduring governance system), with It is very appropriate to enter that new world.

Alice Ma: Another thing that really surprised us is that many people told us that this is their first time joining a DAO, or even buying or sending cryptocurrency for the first time. It really makes us happy because we are part of their story and our community is a welcoming and active learning place for them.

If your bid fails, what's next for the DAO?

Adrienne Young. We have a long road ahead, but we feel very optimistic. Our main plan is to refund donations if we lose the auction. We have some mechanisms in place - we now accept donations through Juicebox, and if we lose, they are able to issue refunds. We are also a DAO, so this will be decided by a community vote, potentially choosing another path, such as bidding on another historical artifact or donating the money to charity.

If you succeed, what's next for the DAO?

Brian Wagner. Basically, secure the Constitution and move to a safe place and be ready to receive it. We are fully committed to preserving that document and keeping it in very good hands, but also allowing members of the DAO to decide where it is presented and viewed. It may travel around, or live in one place for a long time. We really don't know, and it makes us proud and excited to say that.

Beyond that, it really depends on everyone's participation. We will propose future initiatives to the DAO, and governance token holders will determine the future of the organization.

Tina: The thing that is really central to our mission and our community is that this copy of the Constitution will be the only copy that is actually governed by its citizens -- the people the Constitution was written for -- that it may, at the discretion of the DAO It will be exhibited all over the country, and everyone who contributes can

There are already 13,000 members on ConstitutionDAO's Discord server. If you are interested, you can "read the original text" at the end of the article to join the ConstitutionDAO community and witness this milestone in DAO history. Also welcome to leave a message in the background.