Crypto Insider: ConstitutionDAO Demonstrates the Energy of the Crowd

It’s virtually Thanksgiving. So within the spirit of giving, we have now a deal with for Early Investing subscribers.

We’re grateful to your assist of Early Investing. So whereas we usually solely supply our Crypto Insider movies to First Stage Investor subscribers, we’re sharing in the present day’s video with the Early Investing neighborhood. (If you happen to’d prefer to get extra of those movies, take a look at First Stage Investor.)

Buckle up. This one’s a doozy.

Final week, a neighborhood of crypto traders crowdfunded greater than $40 million in simply 72 hours. The group’s purpose was to purchase a duplicate of the U.S. Structure in an public sale. ConstitutionDAO — the decentralized autonomous group that pooled investor cash to bid on the historic doc — sadly misplaced the bid to hedge fund CEO Kenneth Griffin. 

Regardless of the loss, the crowdfunding effort was a outstanding feat. ConstitutionDAO generated tons of publicity for the public sale, demonstrated the unbelievable energy of crowdsourcing and confirmed simply how impactful DAOs may be. 

On this episode of Crypto Insider, Vin Narayanan and Andy Gordon talk about the motion’s seemingly anti-1% sentiment, Griffin’s anti-crypto views, Ethereum’s watershed second and extra. 

Thanks for watching!