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
1) Who determines how to construct this portfolio (coin)? 2) Who determines how to readjust this portfolio every n periods? There is way too much subjectivity / centralization involved
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Replying to @MustStopMurad
1) A DAO. 2) A smart contract, which can be amended from time to time by the DAO.
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Replying to @QWQiao
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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Replying to @MustStopMurad @QWQiao
I really have no idea why you're dragging Bitcoin into every answer. That's not what this post is about.
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Replying to @antiprosynth @QWQiao
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.
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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.
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Replying to @MustStopMurad @QWQiao
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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Replying to @antiprosynth @QWQiao
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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Replying to @MustStopMurad @QWQiao
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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Trust minimization is embedded in the money-form itself. Think Silver trading with enemies vs. tribal IOUs.
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