I think it would be easy to paint these guys as idiots or their community as a cult. But I have a feeling it’s all much more ephemeral than that. Probably 95% o

I think it would be easy to paint these guys as idiots or their community as a cult. But I have a feeling it’s all much more ephemeral than that. Probably 95% of the money came from individuals who got plenty of entertainment bang for their buck of out of this. The folks who started it probably had no idea what they were doing - and that’s… probably fine! Money is like energy. It’s never really wasted. It’s a liquid that teaches human beings valuable lessons. Does whoever sold this book for 3M deserves a article praising them? No - just like lambasting these guys seems somewhat undeserved too. Que bono? DAOs are interesting and I have no problem with capital being spent in silly ways - because the money goes somewhere. Should we want money only spent by the top authorities and experts? Not me - let the kids have fun.