Mundao is unlikely to colonize the moon by 2030, co-founder says.
For the past couple of years, MoonDAO co-founder Pablo Moncada and the Decentralized Autonomous Organization (DAO) have been working to create a self-sustaining colony on the moon.
A timeline? Just under seven years old.
That is, at least, the 2021 goal of co-founded Moncada and the 5,000-member-strong MoonDAO.
Moncada sees DAOs as a solution to a decades-old problem — space exploration being completely out of reach for everyday people. Moncada thinks his model could change the landscape of space travel and interstellar exploration, and if successful, could see humans living on the moon by 2030.
However, Moncada told Cointelegraph that he actually thinks it's “impossible” — though that hasn't stopped him and his DAO from trying.
Moncada argues that space exploration is too “confined” — either by government space programs or well-funded private companies. MoonDAO, also known as the “Internet Space Program,” was created to flip the script and help everyday people fund space-related studies and research.
The DAO has yet to put anyone on the moon or get close to it. However, the co-founder says he has successfully sent humans into space.
In November of last year, MoonDAO voted to send YouTube channel Dude Perfect actor Coby Cotton into space aboard Jeff Bezos' Blue Origin spaceship.
“The DAO had never sent a human into space before, so watching that sound happen in real time was really hard. It was, ‘This is the truth you know.'
In Moncada's view, the biggest thing MoonDAO offers is a fundamental change in the way companies raise capital to support new space exploration, travel and exploration.
Historically, capital was raised by governments pooling cash collected from taxes and then allocating part of the national budget to space research.
More recently, private companies such as Elon Musk's SpaceX and Jeff Bezos' Blue Origin have floated their idea of going into the unknown with private investors, even as they still receive billions in government contracts.
“What MoonDAO brings to the table is fundamentally different. It is bringing together people from all over the world who want to do space exploration to allow this new type of financing.
Someone who sees MoonDAO for the first time and wonders: “What is MoonDAO?” “Is this legit?” “Why crypto?”
This is not our first rodeo.
We use blockchain to empower our community: decentralization, transparent finance and global reach.
And we're just getting started. pic.twitter.com/28IZe54tVz
— MoonDAO (@OfficialMoonDAO) January 12, 2024
The same thing happened in the 1500s, Moncada said. In the year In 1551, the joint-stock corporation was created in England, which was quickly adopted by Western countries to finance the search for new territories.
“On these expeditions, they had to invent new methods of coordination to buy ships and begin exploring the new world,” Moncada said.
“So I think we're going to see the same thing here where we're going to start using new tools to support a lot of new missions, in this case I think DAOs.
Moncada was no stranger to ambitious goals, having worked as a developer at ConstitutionDAO, an organization that raised $49 million to purchase the only copy of the United States Constitution.
In the end, the project – like other DAOs – failed to achieve its stated objective, but Moncada says that shooting for the intended goals and coming up short is better than trying nothing.
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DAOs, typically made up of hundreds or perhaps even thousands of individuals, have struggled with differences of opinion, national background, and even issues arising from the tokens held by individual DAO members.
While DAOs are often hailed as an innovative solution to traditional corporate structures, even die-hard DAO advocates have described the model as turning it into a “clumsy” one.
A fact not lost on Moncada, who joked that the acronym “DAO” actually stands for “Dudes Arguing Online.”
In the year As for building a self-sustaining colony on the moon by 2030, Moncada said that setting big goals and fighting hard for them is “more energizing” than reaching something that seems more “realistic.”
If you build it, they will come. pic.twitter.com/RLt19F1w2r
— MoonDAO (@OfficialMoonDAO) January 22, 2024
“I think people forget the timeline of Kennedy's famous ‘go to the moon' speech, you know?” Moncada said.
“At that time, the United States sent a man into low Earth orbit for the first time. In the year It was in 1961. So going to the moon was a ridiculous and unrealistic goal, but still, by setting that goal, the United States was able to get all the resources it needed to do this crazy thing.
Still, Moncado is undeniably on DAOs, shaping the way funding is raised.
“As the DAO ecosystem grows, access to capital can equal what a government can do.”
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