This could just be me misunderstanding something and just thinking aloud. As far as I can tell, you’ll be using a very volatile “currency” (ETH) as a unit of account to price IP. However much you may or may not think that ETH will be around in the long run, for the foreseeable future at least. it will be natural for people to value IP in terms of a national currency, say USD. But you’re using a proxy currency that is, for all intents and purposes, fixed in supply. What happens when the value of all of the tokenised IP (in USD terms) outstrips the aggregate value of ETH in circulation? Would/could you not end up with a liquidity crunch in ETH as a significant portion of the circulating ETH supply ends up being locked up in bonds where people will likely want to keep it as the IP will effectively act as a stable coin as a hedge for their ETH position?
