# ConstitutionDAO’s bold crypto bid for US Constitution falls short | TechCrunch - Host: [techcrunch.com](https://links.thingelstad.xyz/hosts/techcrunch.com/) - Saved: November 23, 2021 (2021-11-24T01:24:01Z) - Record: https://links.thingelstad.xyz/links/802f012fa6af/ - JSON: https://links.thingelstad.xyz/links/802f012fa6af.json ## What Jamie wrote This article has a good background on the forming of [ConstitutionDAO](https://www.constitutiondao.com), who was involved, and how the process unfolded. I’m really happy that [I got to be part of this](https://www.thingelstad.com/2021/11/17/constituiondao.html), even if it ultimately didn’t work out. I did [get a POAP](https://app.poap.xyz/token/2759387) out of it. 😊 There has been some blowback to the core group organizing this and I think it is unfortunate. Everyone can get their refunds back, [I did](https://etherscan.io/tx/0xe9299d6b2eac5d245e800d7fc5e8f00386ba9cd2424ed509d8d4a66b91b67c8f), but there are a number of people that donated small amounts and those small amounts are often less than the gas feeds to withdraw the money. So, now the DAO has from some reports $17M in funds that make no sense to withdraw because the gas costs are higher than the amount. So, what the heck happens with that Ethereum? I feel bad for the folks behind this as some are accusing them of running this like a scam and I don't see any shred of evidence to support that. I think this is a project that got a lot of traction and movement and it simply moved too fast for anyone to stay on top of and have thought through everything. They raised $48M in what, four days? The most notable thing to me was that this was advertised as a DAO but nothing that happened in it actually ran as a DAO. I think that is because the DAO wasn't going to be created until the Constitution was bought. At that point the PEOPLE tokens would have been issued and voting could have occurred. Until then, it was all up to the core group which has some people worked up. 🤷‍♂️ ## Facts - Kind: [Page](https://links.thingelstad.xyz/kinds/page/) ## Appears in - [WT205: Weekly Thing #205 / Hurl, Faster, Web3](https://weekly.thingelstad.com/archive/205/), Notable ## Same host - [Apple adds two brand new Siri voices and will no longer default to a female or male voice in iOS | TechCrunch](https://links.thingelstad.xyz/links/3e2db9d2f22c/) (techcrunch.com, April 1, 2021) - [Garry Kasparov launches a community-first chess platform | TechCrunch](https://links.thingelstad.xyz/links/f627bf175c72/) (techcrunch.com, April 29, 2021) - [This one email explains Apple | TechCrunch](https://links.thingelstad.xyz/links/4fb88117d99a/) (techcrunch.com, June 10, 2021) - [Twitter accelerates again with Bitcoin tips, NFTs, recorded Spaces, creator fund and more | TechCrunch](https://links.thingelstad.xyz/links/2b6f92994f90/) (techcrunch.com, September 28, 2021) - [DJI’s new Mini 3 Pro drone hits the aerial photography sweet spot](https://links.thingelstad.xyz/links/4d11723a5e6b/) (techcrunch.com, May 19, 2022) ## Saved the same week - [No notebook is perfect, but the reMarkable comes really close](https://links.thingelstad.xyz/links/3e8fcf92e687/) (cfenollosa.com, November 23, 2021) - [ICU is full of the unvaccinated – my patience with them is wearing thin | Anonymous | The Guardian](https://links.thingelstad.xyz/links/e80c474d8a7e/) (theguardian.com, November 23, 2021) - [beartype: Unbearably fast O(1) runtime type-checking in pure Python](https://links.thingelstad.xyz/links/bfc2f66fdaca/) (github.com, November 23, 2021) - [After 35 years, Uptown Minneapolis mainstay Kitchen Window to close - StarTribune.com](https://links.thingelstad.xyz/links/fc910ffb7c32/) (startribune.com, November 23, 2021) - [How Complex Systems Fail](https://links.thingelstad.xyz/links/df1121e45dc8/) (how.complexsystems.fail, November 23, 2021) ## Elsewhere - Wayback Machine: https://web.archive.org/web/*/https://techcrunch.com/2021/11/18/constitutiondaos-bold-crypto-bid-for-us-constitution-falls-short/