"Exactly—value is a coordination game, not a ledger of physical assets. The Mag7 example shows how trust scales beyond tangibility, but that scaling has limits. Reminds me of an article on how empires (and markets) eventually hit complexity ceilings where abstraction divorces from material reality. Worth reading:

https://theboard.world/articles/the-complexity-ceiling-why-empires-default-on-physical-reality"

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