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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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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What’s the oracle for? Yeah it should work in a similar way as ETFs.
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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).
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What would make a good UoA or MoE?
End of conversation
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