This whole "tokenizing physical assets" thing is a complete farce.

You can't even begin to tokenize physical assets until the law of the land itself is governed by cryptocurrency (probably DPOS).

For the same reasons you can't peg a crypto to physical gold (and shouldn't want to even attempt it) we can not peg any physical asset. You can't secure ownership of physical products in the real world using the internet. When it comes down to it, all physical space is secured by military force at the base level.

This implies that the only way we can tokenize physical assets is to have a physical government with a military that's controlled by the same asset (IE crypto city-states).

Certainly the powers that be will try to retain all the control they can muster, which is exactly why they will fail, because the value of this entire movement is decentralization of power; something they know nothing about and don't want. Ironically they will embrace crypto anyway because the value of it is simply too great

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