2 ms·
From my pro-crypto viewpoint, this was the outcome I hoped for. Raised a very credible amount of money from a large number of donors in a very short period of t
by TigeriusKirk 5y ago
From my pro-crypto viewpoint, this was the outcome I hoped for. Raised a very credible amount of money from a large number of donors in a very short period of time, which shows the potential. And Sotheby's was willing to work with the group and confirmed their ETH address as proof of funds (you can't just show up and bid at the highest end auctions, you have to prove you can pay if you win). That's all very legitimizing.
And the concept of a DAO has gotten massive exposure, which is great.
But without the messy administration woes a win would have entailed, and which no doubt would have led to disagreements and bitterness.
And which, frankly, DAOs are not yet ready to handle. The frameworks just aren't there for it. DAOs are fine for experimental use with cryptofolk who are used to the chaos, but it's not time for the normies yet. It's too early for a particularly adhoc dao to deal with the masses.
As long as the funds are returned promptly, this was the ideal outcome from my view.