X @Balaji

Core Argument - The report posits that nearly all valuable assets will eventually be secured onchain using blockchain technology [8] - This transition is driven by the superior security of blockchains compared to traditional systems, as evidenced by frequent hacks of entities like the Pentagon [9] - The shift towards onchain security will enable a code-based global economic system, offering universal access to advanced monetary policies and contractual fairness [10] Key Enablers - The existence of trillions of dollars worth of digital gold, such as Bitcoin, already secured onchain demonstrates the feasibility of this concept [1] - The potential legalization of stablecoins paves the way for tokenizing and securing various financial assets like stocks and bonds onchain [2] - Onchain smart locks can secure physical assets like doors, cars, and capital equipment, extending blockchain's reach beyond digital assets [3][4][5] Scope and Limitations - The scope includes financial assets, capital equipment (cranes, drones), and electronically controlled devices (robots, self-driving cars) [5][6] - The exceptions are tangible goods like food and clothing, which constitute a negligible fraction of global value [7]