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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What’s TAM?
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Total Adressable Market (you said need/demand for conventional money will be reduced)
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It seems like 2) is the crucial question. Why can’t you put 200T non-native assets on a 5T permisionless ledger?
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Security. This creates an enormous amount of perverse incentives, attacks and manipulations and exogenous attack opportunities. Can you place $1T worth of ERC-20 tokens on top of $1B Mcap Ethereum?
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What would a concrete attack scenario look like?
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Both can be right. The diversified portfolio ‘currency’ needs to be built on most secure chain. I’m not convinced bitcoin will ever be used as MoE because it’s more important than that. It’s the security layer.
End of conversation
New conversation -
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3) Is it going to be a decentralized/permissionless chain? 4) If so, what native monetary coin will be used to secure this chain? 5) How will you natively incentivize miners/validators to secure the chain?
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