The Constitution DAO was a poorly structured, unreliable pr stunt that failed to prove the utility of DAOs and exposed the inefficiencies of Ethereum for such transactions.

“i think that this was a pr lark and in fact they said it started out as a joke and it took on a head of steam and so i think they felt like they had to execute what i would say is there are going to be some really amazing examples of dows this proved none of those things”

The Constitution DAO's success in fundraising demonstrated that DAOs could become programmable corporate entities for governance, but they may be limited by securities laws.

“what you want is is to create corporations that are programmable that you can have shareholder votes through the tokens yes things like that and you know basically a digital version of what they do analog in the real world with you know share certification shareholder meetings”