Īuction day arrived and the DAO was locked and loaded. All told, the DAO raised about $45 million in Ether from over 15,000 contributors, Decrypt reported.
The project quickly began to morph as more members joined and more money poured in. “Wow, there’s some interest here.” Julian Weisser, one of the early members, told The New York Times. It was all “half-serious” until they got on a Zoom call to start discussing the possible logistics. It was an example of the internet-scale coordination that can happen when cryptocurrencies are injected into the mix, and how that effort yields outcomes predicted by the field of economics known as game theory-which gives us the notation we see above.įirst, a quick recap of the ConstitutionDAO saga: Some internet friends started DMing on Twitter about getting a DAO together to buy the Constitution during the Sotheby’s auction. It’s kind of crypto inside joke, but its adoption by ConstitutionDAO has turned it into an internet-wide meme.ĬonstitutionDAO’s significance wasn’t just the outlandish possibility of random people raising tens of millions on the internet to buy a historical artefact at a prestigious auction. This type of notation is all over Crypto Twitter these days, usually rendered as (3, 3) although now sometimes as emojis. (If that isn’t rendering correctly on whatever device you are using, it’s a set of brackets containing two scroll emoji, separated by a comma).
Stronghold 3 gamestop full#
The clue is in ConstitutionDAO’s full name on Twitter, which includes a somewhat mysterious notation: ConstitutionDAO (?,?). We know how that dream ended: a TradFi (aka “traditional finance”) billionaire ended up beating them at auction, while the drama briefly took over the news cycle and Crypto Twitter, where it was birthed.īut the story of the group above, known as ConstitutionDAO, also contains a tale about competition and coordination rooted in classical studies of the field. A group of internet friends had a dream: raise funds using cryptocurrencies to try and buy a rare copy of the U.S.