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.
-
-
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.
-
Millions of Americans own the Dollar too. That doesn’t make it the best global, sound money, apolitical reserve.
-
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.

-
You offered a centralized solution (S&P ETFs) as an example supporting your previous answer concerning a decentralized solution (DAO)...
-
No. Not to support my previous answer but to counter your argument.
-
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?
-
What’s the oracle for? Yeah it should work in a similar way as ETFs.
-
Fair. I guess in a universe where Real World traders have a sense of what market prices are, you don't even need oracles. While I don't think the # of tokens will necessarily trend to infinity, can see how this would work (and don't know that it'll really make a good UoA or MoE).
- 1 more reply
New conversation -
-
-
I really have no idea why you're dragging Bitcoin into every answer. That's not what this post is about.
-
It is what this post is about because he said his Bundle of Stocks will become SoV+MoE+UoA and will make Bitcoin unneccessary. Read some of Qiao’s other posts.
-
My point is that people won’t choose something as Global Digital Money if it’s not censorship-resistant. Stocks and Real Estate are connected to physical reality and authority. Bitcoin not so much.
-
I don't think you understood his post all too well and got triggered by the 'token that is not Bitcoin' notion.
-
We have been discussing this for weeks, there is no triggering going on. I am just trying to decipher the extent of censorship-resistance of his synthetic construction.
-
The censorship resistance and trust minimization doesn't happen at the physical endpoints. It happens at all the points in between. I think that can be hard to grasp intuitively. It's not binary.
-
wrt to physical endpoints: imagine if thugs take over a house whose tokens you own. do you think they’d care about the tokens? you’d rely on enforcement etc. with BTC, or even your beloved ETH, you don’t need outside law/authority/violence to ensure ur money is OK
-
Yes, I understand that. You would still need to register the tokenized deed with a law enforcer. The advantage is more in having a global standard that everybody can agree on because it doesn't require trust, amongst aformentioned points.
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.