5 ms·

EarthDAO – We are buying the Earth

57 points by wilg 5y ago

pjc50 5y ago
"It's child's play. Just ask the most gullible person you know for instructions" excellent satire.
zivkovicp 5y ago
> In the extremely unlikely scenario this project fails, none of the money is lost. All the money collected will be injected directly back into the Earth's economy. Brilliant
foolswisdom 5y ago
Reading the FAQ, I get the impression that (while it is real) this was meant as joke :).
noetic_techy 5y ago
Why not set this up like Klima DAO which is doing something similar with carbon credits? This gives people an actual monetary incentive to buy and hold earth: the massive APY: https://www.klimadao.finance https://www.klimadao.finance I would have started with just a focus on rain forest land first.
challenger-derp 5y ago
Few understand ;)
deleted 5y ago
[deleted]
allears 5y ago
This definitely has a similar level of serious and thoughtful consideration as many other blockchain projects. There is certainly a lot of free-floating capital that needs to be put to work, and I can't think of a more rock-solid, grounded investment opportunity, one with global significance.
togaen 5y ago
This is the true power of blockchain.
acomjean 5y ago
I can no longer tell serious from parody..
6510 5y ago
How deep do land claims go? Is there a ping pong size ball in the center divided over billions of owners and renters? What would be the smallest/cheapest [surface] plot of earth one can buy [out there in the real world]?
- ncmncm 5y ago
  It is common in the US for land deeds to exclude mineral rights, meaning, in effect, they include only the surface down to basement level.
  - Aeolun 5y ago
    Then who has those rights? I’m willing to build a very deep basement.
    - ncmncm 5y ago
      Generally, anytime US land ownership changes hands, the prior owner might choose to retain mineral rights, and maybe discount the price accordingly. When you buy a house lot you are not typically interested in fracking under it, so you would not expect any discount. What constitutes a basement would be spelled out in the contract terms of sale.
King-Aaron 5y ago
> $24 of $5,238,095,238,095,238.09 raised Aim high, I suppose.
diveanon 5y ago
Why is it that the most asinine crypto projects get upvoted on this forum while actual behemoths like AAVE, UniSwap, Compound etc don't get discussed at all? I get that you guys like being an anti-crypto echo chamber, but you are really doing yourself a disservice and frankly embarrassing yourselves.
- deleted 5y ago
  [deleted]
- hakfoo 5y ago
  I think there's a taste for extensive parody in this sort of community. This reads like the classic Signetics "Write Only Memory" datasheet, or even the Chicken PDF.
- deleted 5y ago
  [deleted]
rvz 5y ago
A very lazy joke scam. The state of its spelling, 'Etherium'. > Because of the math, it's impossible for this to be a scam. Can I get my money back if I send it the wrong amount by accident or if I give my life savings to the EarthDAO? > We were inspired by ConstitutionDAO (refunds now available!), which successfully failed to buy the U.S. constitution at auction. We're building on this innovative approach to purchase the entire planet Earth. Successfully failed? How is this any different except that there is no auction involved? > What happens if the project fails? > In the extremely unlikely scenario this project fails, all the money will be reinvested into the Earth's economy in some way. Basically a Rug pull. I think I will just burst out laughing if someone got scammed over this joke DAO which is DOA at first sight.
- bowwoden 5y ago
  Whats your honest opinion on constitution Dao? Sounds good in premise when really the constitution goes to a private owner.
- deleted 5y ago
  [deleted]
ThePowerOfFuet 5y ago
>We are buying the Earth The Earth was already sold off long ago.
- blooalien 5y ago
  The Earth was claimed (stolen?) long ago by a small percentage of humanity… The rest of us just rent it from them.
nivertech 5y ago
Seems like a legit project. In a few years BTC price will reach $249M, and then all 21M bitcoins could be exchanged for Earth ;) One thing I don't understand. Why would anyone exchange their BTC for EARTH? 1 EARTH will always be worth only 1 EARTH, while 1 BTC will continue to double in price with every block reward halvening and will reach $500M, and then $1B, $2B, $1T, → ∞ ;)
- defaultprimate 5y ago
  No bro you got it wrong 1 BTC = 1 BTC even tho all my concerns and shilling are centered on the price in USD.
- kubb 5y ago
  WOW, I better buy some bitcoin now! And upvote every crypto comment on HN so that the price goes up faster.
advanderveer 5y ago
A more realistic project that I am a big fan of is: https://www.klimadao.finance https://www.klimadao.finance They use a community build treasury to buy carbon credits to increase their value to make it more profitable for solar/wind companies to produce them.
youeseh 5y ago
"Oh, yes, I see that you have the deed that says you're the owner. Yes, sorry, but we can't stop doing what we're doing on your land. What are you going to do about it?" Not all games follow chess rules.
- Aeolun 5y ago
  “Well, let me see how fast I can put my 5ish quadrillion to work to make something happen.”
1_player 5y ago
Related, and sadly it's not parody: https://earth2.io/ https://earth2.io/
- libertine 5y ago
  I think this encapsulates really well a big part of the current NFT market: buy now a claim of something that doesn't exist, but will surely exist (right? it has to because it's metaverse and everything is possible), so you can flip it down the line because it's cheap now, so let FOMO sink in. We're in the realm of fantasy. People are buying into fantasy. I mean, it worked for Star Citizen, but they actually had some stuff to show for.
  - 6510 5y ago
    > but they actually had some stuff to show for. Imagine a bug list longer than the universe. But finite supply! You could wrap them up as tokens and sell them?
bad_login 5y ago
This project will moon for sure.

57 points by wilg 5y ago

"It's child's play. Just ask the most gullible person you know for instructions" excellent satire.

> In the extremely unlikely scenario this project fails, none of the money is lost. All the money collected will be injected directly back into the Earth's economy. Brilliant

foolswisdom 5y ago

Reading the FAQ, I get the impression that (while it is real) this was meant as joke :).

noetic_techy 5y ago

Why not set this up like Klima DAO which is doing something similar with carbon credits? This gives people an actual monetary incentive to buy and hold earth: the massive APY: https://www.klimadao.finance https://www.klimadao.finance I would have started with just a focus on rain forest land first.

challenger-derp 5y ago

Few understand ;)

deleted 5y ago

[deleted]

allears 5y ago

This definitely has a similar level of serious and thoughtful consideration as many other blockchain projects. There is certainly a lot of free-floating capital that needs to be put to work, and I can't think of a more rock-solid, grounded investment opportunity, one with global significance.

togaen 5y ago

This is the true power of blockchain.

acomjean 5y ago

I can no longer tell serious from parody..

6510 5y ago

How deep do land claims go? Is there a ping pong size ball in the center divided over billions of owners and renters? What would be the smallest/cheapest [surface] plot of earth one can buy [out there in the real world]?

ncmncm 5y ago
It is common in the US for land deeds to exclude mineral rights, meaning, in effect, they include only the surface down to basement level.
- Aeolun 5y ago
  Then who has those rights? I’m willing to build a very deep basement.
  - ncmncm 5y ago
    Generally, anytime US land ownership changes hands, the prior owner might choose to retain mineral rights, and maybe discount the price accordingly. When you buy a house lot you are not typically interested in fracking under it, so you would not expect any discount. What constitutes a basement would be spelled out in the contract terms of sale.

King-Aaron 5y ago

> $24 of $5,238,095,238,095,238.09 raised Aim high, I suppose.

diveanon 5y ago

Why is it that the most asinine crypto projects get upvoted on this forum while actual behemoths like AAVE, UniSwap, Compound etc don't get discussed at all? I get that you guys like being an anti-crypto echo chamber, but you are really doing yourself a disservice and frankly embarrassing yourselves.

deleted 5y ago
[deleted]
hakfoo 5y ago
I think there's a taste for extensive parody in this sort of community. This reads like the classic Signetics "Write Only Memory" datasheet, or even the Chicken PDF.
deleted 5y ago
[deleted]

rvz 5y ago

A very lazy joke scam. The state of its spelling, 'Etherium'. > Because of the math, it's impossible for this to be a scam. Can I get my money back if I send it the wrong amount by accident or if I give my life savings to the EarthDAO? > We were inspired by ConstitutionDAO (refunds now available!), which successfully failed to buy the U.S. constitution at auction. We're building on this innovative approach to purchase the entire planet Earth. Successfully failed? How is this any different except that there is no auction involved? > What happens if the project fails? > In the extremely unlikely scenario this project fails, all the money will be reinvested into the Earth's economy in some way. Basically a Rug pull. I think I will just burst out laughing if someone got scammed over this joke DAO which is DOA at first sight.

bowwoden 5y ago
Whats your honest opinion on constitution Dao? Sounds good in premise when really the constitution goes to a private owner.
deleted 5y ago
[deleted]

ThePowerOfFuet 5y ago

>We are buying the Earth The Earth was already sold off long ago.

blooalien 5y ago
The Earth was claimed (stolen?) long ago by a small percentage of humanity… The rest of us just rent it from them.

nivertech 5y ago

Seems like a legit project. In a few years BTC price will reach $249M, and then all 21M bitcoins could be exchanged for Earth ;) One thing I don't understand. Why would anyone exchange their BTC for EARTH? 1 EARTH will always be worth only 1 EARTH, while 1 BTC will continue to double in price with every block reward halvening and will reach $500M, and then $1B, $2B, $1T, → ∞ ;)

defaultprimate 5y ago
No bro you got it wrong 1 BTC = 1 BTC even tho all my concerns and shilling are centered on the price in USD.
kubb 5y ago
WOW, I better buy some bitcoin now! And upvote every crypto comment on HN so that the price goes up faster.

advanderveer 5y ago

A more realistic project that I am a big fan of is: https://www.klimadao.finance https://www.klimadao.finance They use a community build treasury to buy carbon credits to increase their value to make it more profitable for solar/wind companies to produce them.

youeseh 5y ago

"Oh, yes, I see that you have the deed that says you're the owner. Yes, sorry, but we can't stop doing what we're doing on your land. What are you going to do about it?" Not all games follow chess rules.

Aeolun 5y ago
“Well, let me see how fast I can put my 5ish quadrillion to work to make something happen.”

1_player 5y ago

Related, and sadly it's not parody: https://earth2.io/ https://earth2.io/

libertine 5y ago
I think this encapsulates really well a big part of the current NFT market: buy now a claim of something that doesn't exist, but will surely exist (right? it has to because it's metaverse and everything is possible), so you can flip it down the line because it's cheap now, so let FOMO sink in. We're in the realm of fantasy. People are buying into fantasy. I mean, it worked for Star Citizen, but they actually had some stuff to show for.
- 6510 5y ago
  > but they actually had some stuff to show for. Imagine a bug list longer than the universe. But finite supply! You could wrap them up as tokens and sell them?

bad_login 5y ago

This project will moon for sure.