[pcthrowaway]

Absolutely, and the tokens don't need to have multi-trillion dollar market caps for this to happen either.

The tokenization of everything is a mixed bag. On one hand it leads to perverse incentives that result in an incredibly low signal-to-noise ration. On the other hand it enables types of consensus that don't exist when there's not a penalty for misbehaviour (specifically for proof-of-stake and staking, the token makes it possible to reward network participants, while making the cost of attacking the network higher than the market cap of the network).