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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1) A DAO. 2) A smart contract, which can be amended from time to time by the DAO.
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So much unneccessary risk, governance issues and complexity that Bitcoin doesn’t have. Not to mention that Bitcoin is simpler to understand than all the portfolio bundles. But anyways what chain is this going to be running on & how will security of that chain be incentivized?
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The way S&P500 ETFs are governed and track the index are pretty damn complex. Yet millions of Americans own them, simply knowing that they track a broad equity index pretty well.
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Millions of Americans own the Dollar too. That doesn’t make it the best global, sound money, apolitical reserve.
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You offered ‘governance’ and ‘complexity’ as arguments against my proposed portfolio. I simply debated around those two points. Now out of nowhere you drag USD into this, and your argument has nothing to do with governance and complexity.

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You offered a centralized solution (S&P ETFs) as an example supporting your previous answer concerning a decentralized solution (DAO)...
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No. Not to support my previous answer but to counter your argument.
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If you had an easily arbitrage-able basket with a trusted oracle, wouldn't the market keep it in sync the same way ETFs function now?
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