 So my question is on hyperbic coinization has it started already? What will how will it start what do you predict to be it's like alas, you know strong the camel's back for hyperbic coinization on a global level and How do you see how do you foresee? governments responding to it So how many people here have heard of or understand the term hyperbic coinization? Not enough great, so let me let me start by clarifying hyperbic coinization is this idea of a tipping point at which the ability to sustain a fiat economy in the presence of a very vibrant cryptocurrency economy is no longer there and People abandon traditional fiat in droves, and you have a mass conversion over to Some form of cryptocurrency usually Bitcoin to me. That's a bit of a maximalist position and quite honestly. I think it's More or less fiction. I do not believe we will have a moment when Bitcoin will become the only the dominant the replacement for all fiat. I don't believe that ever happens In fact, if it was starting to happen, then we have full on outright all out currency war and we do not want to engage in full-on Full-on currency war with nation states that have armed thugs That is not a great way to handle your personal safety all of those people who are driving around Lambos with Bitcoin license plates You'll be the first ones But then again, I don't think hyperbic coinization honestly happens certainly not on a global level I think you might have tipping points where certain countries that are suffering from Irreversible currency crisis and collapse that cannot establish pegs to traditional currencies like the dollar for example and Cannot afford to launch a new paper currency because quite honestly, you know the cost of printing Paper currencies is in the tens of millions of dollars and very often the countries that are having these collapses at some point Realize they can't actually afford to print the new currency and that becomes a gating problem We've seen that happen in Venezuela in Zimbabwe in Brazil and a few other places where the cost of printing Exceeded the resources the government had So turns out that's the cure for inflation right run out of money to print money So I do think in some countries you will see as a last resort the People of that country choosing to conduct a majority of their business in a crypto currency because it is the best most portable most Accessible alternative out there. I think we will see that happen bull happen on a local basis And I don't think it happens in a massive global tipping point everybody fleeing for the exit moment I hope it doesn't that is an apocalyptic scenario that will disrupt the world economy so badly We don't want that Nobody should be hoping the the world economy collapses just so everybody can see the truth about Bitcoin That is cutting off your nose despite your face, right? Oh great. We'll all have Bitcoin Yes, also will all be part of marauding bands of mad Maxian Personalities fighting for scraps of food in the wasteland But hey, we'll have Bitcoin Awesome see I was right. You'll say as you gun down the person who's trying to take the piece of bread out of your mouth Yeah, let's not do that. So I don't believe in hyper Bitcoin is Asian I would hope we see a much more Let's say an orderly transition to a multi-currency pluralistic world where people have Many many choices that have increased their freedom without first hitting rock bottom