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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Replying to @QWQiao
Does anyone use stocks to pay for anything? Equity markets are efficient, with near instantaneous price discovery. Did the rise of stock markets reduce the demand for money?
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Replying to @csentropy
It’s because of frictions. T+3 settlement. Not 24/7. Non interoperable with virtually any other asset. Non global. All these can be fixed with tokenization.
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Replying to @QWQiao @csentropy
1) Which blockchain are $200T worth of tokens going to be placed on? 2) Since TAM of Money shrinks rapidly, can you put $200T of tokens on top of a $5T chain?
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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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