 Bunks they play a huge role in our economy so far So far what is what's gonna happen within how it's gonna be that the bank the bank's world in 2018 is they're gonna disappear Well, no, they're not gonna disappear like if you if you go to Central Bank, New York And you you go there with maybe your wife or your significant other and you're visiting Central Park They have this beautiful horse carriages that you can ride around Central Park And apparently horse carriages didn't disappear with the invention of the automobile So banks won't either There'll be the kind of institution that has significantly less power is mostly used for legacy applications Maybe governments will use them more such what they're doing right now with it with it blockchain that they're building the Centralizable chain is really Well, the centralized blockchain is a contradiction in terms the purpose of a blockchain is to increase decentralization a centralized blockchain is like a Horseless carriage with a horse And so if you do a horseless carriage with a horse, that's a horse carriage and we already have those so you didn't really change anything It's like saying the technology behind the automobile is the pneumatic tire lets adopt pneumatic tires and pull horses in front It won't work now I hope they spend another billion dollars trying to figure out it won't work training lots and lots of blockchain engineers Who will eventually come to Bitcoin and Ethereum and do some interesting projects? But banking as an institution is obsolete banking is now a protocol banking is an app And that world is never going to go back It just may take 20 30 years until you see that ripple through the world, but it will and there's Absolutely nothing that can stop it. Okay. Thank you. So in Sydney blockchain is very there's a lot of talk about it But a lot because there's a lot of fear from the banks and they're investing a lot of money Uh-huh system. So how can we use the fear of the banks to make sure we build the ecosystem and Do all the great things that we want to do. Oh We don't need to persuade the banks to do this right They're putting hundreds of millions of dollars into things that as they're building them now won't work Absolutely, they're training tens of thousands of developers on how block chains work and there are a few very very interesting Open borderless decentralized open innovation open permission block chains And I'm hoping the best of the best of these developers after getting bored for a couple of years doing proof of concept on Reinventing spreadsheets will take their Christmas bonus on on January 1st Use it to fund a startup to compete against the banks that taught them how to do this. I've seen this I've talked to people from these banks telling me I got my Christmas bonus on on January 1st I started a Bitcoin startup to compete against my former employer This is going to happen the beauty is that we just crack the market wide open and when it comes to an open market Competition will determine the outcome and if you continue to build horse buggies in the age of the automobile You go out of business simple as that and most of them will The dinosaurs will survive But they will change and lose enough power until they become Chickens because that's what happened to the dinosaurs. We have their children for breakfast every morning