EarthDAO – We are buying the Earth | Hacker News Reader

EarthDAO – We are buying the Earth

earth.cheap

57 pointswilg29 comments

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.

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, → ∞ ;)

No bro you got it wrong

1 BTC = 1 BTC even tho all my concerns and shilling are centered on the price in USD.

WOW, I better buy some bitcoin now! And upvote every crypto comment on HN so that the price goes up faster.

I can no longer tell serious from parody..

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

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.

> 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?

> $24 of $5,238,095,238,095,238.09 raised

Aim high, I suppose.

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

I would have started with just a focus on rain forest land first.

"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

A more realistic project that I am a big fan of is: 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.

This is the true power of blockchain.

"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.

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

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]?

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.

Then who has those rights? I’m willing to build a very deep basement.

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.

>We are buying the Earth

The Earth was already sold off long ago.

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

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

This project will moon for sure.

Few understand ;)

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.

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.

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.

Whats your honest opinion on constitution Dao? Sounds good in premise when really the constitution goes to a private owner.

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