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We are buying the 105,000-square-foot LA megamansion

 2 years ago
source link: https://www.producthunt.com/posts/the-one-dao
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The One DAO

We are buying the 105,000-square-foot LA megamansion

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A collective of anonymous people from all over the globe buying the largest, most opulent house in the world. Parties in the Club, bowling tournaments 21 rooms for the DAO members to enjoy and hosting crypto events throughout the year.
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The One DAO

Hello Product Hunt!

I've been fascinated by The One in Bel Air - one of the most outrageous mansions ever built.

It is going to auction at the end of February and with 21 bedrooms, 49 bathrooms, five pools, six elevators, a 20-car garage, and a 105,000-square-foot living space, it does not make sense for a family or multiple families to live in such a house.

So who should buy it? A DAO. With 21 bedrooms, 2 people per room, The One can easily accommodate 15,330 people per year. That means 15,330 members of the DAO will be able to spend a night in The One.

The other amenities, such as a club, bowling alley, five pools etc. will allow the DAO to throw parties for its members, bowling tournaments and whatever else the DAO votes to do.

Follow us on Twitter for future updates: https://www.twitter.com/theone_dao

Here is a video tour of The One Bel Air:

sherplist.com | Growth & Sales
Hello! I really like this idea, but i can't understand it at all, what you will do if many thousands of people want to be a part of your community? You want to make it like full- time all inclusive coworking for crypto?
The One DAO
@oleksiy_malytskyy That's the beauty of it - the DAO will decide. Even if there would be 15 thousand members, at 21 rooms and say 3 beds per room on average, everyone could stay in the house for one night. Couple that with Events that can take place at the location, Night Club etc. there are many possibilities. A coworking space is also one of them, and it would make sense, especially since the users in the DAO will be international. They can then stay a night, work a few days, enjoy the amenities etc.
Writing about supercool startups

Hey @thejansulek ... first of all congrats on the launch! 🚀🙌

Just a quick question ... I was wondering, do you already have an idea of what the entry fee to be part in the DAO will be - approximately?

Just trying to do some maths to understand what makes sense from an economic stand-point (also based on the number of members the DAO will have of course) 😅

Entrepreneur, BigData Financial Dev

Hey there! First, I love to see something like this being created! I'm very interested in the entire ecosystem and the initiative is AWESOME!

That being said, sorry to shit on your parade, but things seems a little cloudy about how this actually works, there is a reason the original owner (Who had very similar ideas as you) couldn't make those things happen on his own. There are a few problems there with the DAO thing too, ownership, taxes, and maintenance cost are just a few.

Ownership: You need to create a company or something like that to own a house in name of a group of people, but in the end, someone will own the company, unless it's public, which won't be the case. The DAO idea is nice, but the practical execution of it is still a mystery. Remember that the house is not a crypto asset that you can just operate inside the blockchain, you need to take the structure of DAO to the real world to own a real-world asset.

Taxes: You need to pay several taxes every year, and owning a house this big IS NOT CHEAP!! This circles back on the ownership problem, who is responsible to pay those and who will have to declare and deal with the consequences of late payments and so on? How about the money? Who is going to fund the house after its property of the DAO? And what happens once you can't pay for the house anymore because the DAO is low on funds?

Maintenance: Again, not cheap to keep everything working, the plan of putting the rooms to use and making money from the house means someone will operate a business inside it, that itself has taxes on it, legal structures, and so on, the DAO can make the decisions, but it's a massive money drain and you will have to raise money quite frequently. Again, someone will have to be responsible to operate the decisions of the DAO in the real world, and that "centralizes" the decision, what happens if the one responsible for actually transforming the decisions into actions does something different from the decided thing?

What do you think about these issues?

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