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"miguel piedrafita" Discussed on Techmeme Ride Home

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03:39 min | 6 months ago

"miguel piedrafita" Discussed on Techmeme Ride Home

"Scores. Finally, today, today's the day that constitution Dow is going to go to Sotheby's to try to win that copy of the U.S. Constitution that is going up for auction. What they've achieved even to this point is quite impressive quoting Julian weisser on Twitter. 16,203 people have made a contribution to constitution Dow. The median contribution is $228 and 58 cents. The community has grown to 18,000 on Discord and more than 29,000 on Twitter all in under a week end quote. Last I heard they had also raised over $40 million, but they're not disclosing the exact amount because they don't want to tip off other bidders at the auction. But there are still some practical things to figure out today like how to actually remit payment, who actually has ownership if they win, who, you know, actually picks it up. You can't just walk out on the street with a copy of the constitution under your arm. And where they're going to end up displaying it, quoting The Wall Street Journal. The consortium whose members work at social media companies have founded apps and buy crypto and NFTs regularly don't have much experience buying objects at traditional auctions. The constitution is not a security said Brian Wagner, one of a few dozen core organizers of the group. We actually had to figure that out, which is hilarious, said Miguel piedrafita, a 19 year old organizer who works at an NFT social media company and lives in Spain. The group's organizers have been consulting legal historical and auction experts to smooth out some of the challenges of crowdfunding with new technology to purchase a centuries old artifact. It's a document mister Wagner said, a lot of the complexity is related to the fact that it's not on the blockchain. A data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers. There are no returns on investment here, either. Contributors who can remain anonymous won't make a cent if the group wins the auction, and no one person will own the physical copy. Instead, taking an anti establishment posture that might have been familiar to America's founding fathers as well as crypto enthusiasts. The group agreed to get the document out of millionaires art collections and back into the hands of the people, according to organizers. Everyone got into it for different reasons, but everyone was really inspired by how we can collectively determine the fate of and govern where this document goes, how it's displayed, said mister Wagner, age 30. If they win constitution doubts, goal is to have the document house in a place that is free and accessible to the public. But like the object they hope to possess, they have left that final decision to contributors. Each will be a lot of voting power determined by how much crypto they contributed. While contributors are widely anonymous and sometimes only identifiable by a username, they have the option when sending crypto through juice box to leave messages. Mister Wagner says those have ranged from Britain's joking that this is their small act of revenge on Americans for the Revolutionary War to immigrants saying the U.S. has provided them so much and that this is their chance to unite for a democratic cause. Constitution Dow's core organizers are adverse to using titles, though some release their identities to add credibility to the group. With no one person to lay claim to ownership if the group places the winning bid Thursday, organizers are trying to figure out which museum or historical artifact expert will pick up and transport the copy of the constitution. Sotheby's will hold the object for 30 days, giving them time to talk to museums about long-term and short term storage, as they sort out their vote on the documents ultimate destination, organizers said, quote. Also, OpenAI has made the API for GPT-3 generally available. If you live in a country that's allowed to make use of GPT-3, that's.

mister Wagner Julian weisser NFTs Brian Wagner Miguel piedrafita Sotheby Twitter U.S. The Wall Street Journal Mister Wagner Spain Britain Dow OpenAI