Imagine a world where every asset is tokenized. Then we can construct a diversified portfolio of everything on Earth. And thanks to price discovery on a frictionless global ledger this portfolio will be liquid and stable, and ultimately become a worldwide MoE, SoV, and UoA.
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Fairly obvious statement. I fail to see how it’s relates to my original post?
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Because instruments that are not globally censorship resistant will not become a global monetary standard / ultimate global SoV.
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What if you have a diversified portfolio of these instruments and the potential damage of any single one of them being ‘censored’ is reduced? And in fact bitcoin will be a major constituent of this portfolio, and the potential damage of bitcoin getting 51% attacked is reduced?
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This is plausible. Once Bitcoin is at big-size equilibrium, the wealthy will only store a fraction of their wealth there, with the remainder being in stocks, bonds and real estate anyway. The biggest thing to consider, however: Bitcoin is unseizable & hidden. Real estate is not.
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