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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I don't think you understood his post all too well and got triggered by the 'token that is not Bitcoin' notion.
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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.
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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.
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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
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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.
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but you’re trusting the law enforcer?
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At the end points, I think it might make sense to, yes. That is not the problem that is being solved here though. And when a physical theft occurs, the thief will not own the non-fungible token, barring him from transacting the good on the decentralized marketplace.
End of conversation
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