 We created governing institutions to help us come together to manage ourselves as a society but the only way to do that was through centralization, historically. We had to aggregate decision-making power and economic power because that was the only way to do it. And that's all well and good for those of us that live in societies where there are high-functioning government institutions even if we like to complain about them a lot, but for a lot of the world they're just not working. And blockchain and the broader distributed ledger technologies have the potential to allow efficient, trusted, transparent, transacting of all sorts to happen regardless of whether your institutions are functioning well. And so that's disproportionately empowering to people who are living in places in the world that are not well-served by our status quo where they don't have high-functioning centralized institutions. A seminal example around this is property titles. So here in New Zealand there's a very good property title system. It's pretty easy to buy and sell properties and yeah there's some taxes and there's some transaction fees and there's some overhead and there's some challenge to it, but basically it works. And that means you can borrow against your house, you can buy and sell your house, you can trust that the system works. In many parts of the world that's just not the case. And so you have these assets which are protected in other ways that are much more costly like people sometimes protecting their assets with their life and other places simply aren't actually able to be used as assets where you can borrow against them, for example. Simply because something like a property title system you can't trust to work efficiently without corruption. So if you expand on that to extrapolate from that to all manner of transactions you can imagine a world where there aren't strong high-functioning centralized institutions but there are highly efficient, highly trusted transactions creating a much more egalitarian world. I spent a lot of time in my life working on making governments work better and it's hard. And I think distributed ledger technologies provide kind of an off-angle alternative when governments aren't working as well as they could to actually make trusted transacting available to everybody regardless of whether you happen to be already empowered in the current status quo or not.