[woodman]

> > "If every investor..."

This is already a thing, and it is starting to look like an incredibly bad idea. Well over a year ago I had lunch with my financial advisor and he tried to sell me on a portfolio balanced on some kind of social responsibility metric (female board member ratio, carbon credits, etc). At the time I thought it was just a new way to separate morons from their money, but now I'm starting to think that the US markets are setting themselves up for a fungibility attack. I remember, many years ago, the debate on bitcoin tainting - keeping a register of illegally obtained coins (and leaf transactions) and refusing to accept them. That is obviously an attack on the utility of the currency - a unit of value.

So what is the metric here, what is the new unit of value? The best case outcome is a Tower of Babel pandemonium, worst case is an irreversible further consolidation of kingmaking power.