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People are trying to buy the U.S. Constitution using cryptocurrency

A current cryptocurrency bid to buy a print of the U.S. Constitution has raised more than $40 million

The Bitcoin logo appears on the display screen of a cryptocurrency ATM.
The Bitcoin logo appears on the display screen of a cryptocurrency ATM at the Smoker’s Choice store in Salem, N.H.
Charles Krupa, Associated Press

A number of people are trying to buy a rare 1787 print copy of the U.S. Constitution at an auction by using cryptocurrency donations, BBC News reports.

  • The effort includes more than $40 million in cryptocurrency donations.
  • If the bid succeeds, it’s unclear if the print will change hands.

The group — called ConstitutionDAO (DAO stands for “decentralized autonomous organization”) — said it wants “to put the constitution in the hands of the people.”

  • The New York Times recently reported on the group, which led to a $10 million surge in donations.

According to BBC News, there are 13 known copies of the U.S. Constitution that survived the original run of 500 copies after the text was settled and scribed at the Constitutional Convention in Philadelphia, Pennsylvania.

Per The Verge, if ConstitutionDAO wins the bid, it will find a partner organization to display the copy to visitors for free.

  • “If they lose, money will be sent back to contributors, minus fees,” The Verge reports.

We’ll know the results of the bid Thursday at 4:30 p.m. MST.

This major move comes as cryptocurrency bids take over other public aspects of our lives. For example, the legendary Staples Center in Los Angeles will soon be renamed Crypto.com Arena after a deal was made to rename the site, as I wrote for the Deseret News.