 Yeah, I'm wondering if you can say if you work on governance, I think one thing that's happened a lot in both ecosystems in the past year has allowed skeptics in the media to latch on like the failure of a decentralized system. Right. It's public debates. Right. If it's people say, oh, it's decentralized, then how come there's these people in China and these new developers that are making decisions? But are they? What's that? So the question was about governance and the governance problems, and also the fact that governance problems within this space give opportunity to critics to point and laugh, right? Is it really decentralized or not? Well, decentralized isn't a boolean. Decentralized is a range. Is it much more decentralized than any other system we've built before? Yes, it is, including its governance. And the fact that there's a bunch of developers who write codes and a bunch of miners who mine stuff, that doesn't mean they have control. And you may not notice that until something goes wrong, or until there's a highly contentious issue, and then you discover how little power both developers and miners have to affect change, right? They find themselves in a situation where they want to offer a straightforward, direct, and simple solution, and the system won't let them do that. Governance in these systems is tricky, and the reason it's tricky is because we're making trade-offs. And the trade-offs are, we don't get simple, easy, and quick solutions. We get liberty. And that's an explicit trade-off. If you want quick, simple, easy solutions, you elect a dictator. The trains will run on time. And if the biggest criticism you can make for the decentralized system is that trains don't run on time, then you're missing the point. Because sometimes the trains run on time, but their destination is a death camp. And the most efficient operation you can build is an efficient operation for killing people. Governance is a tricky thing. Democracy is incredibly inefficient. We practice it anyway because we appreciate the trade-off that it gives us. Self-expression, self-determination, freedom of association and religion, consciousness, liberty. Governancing these network-centric systems is a trade-off. It allows us to create systems that are open to innovation and access without permission. It allows us to build systems that exhibit a very large degree of autonomy and censorship resistance. And the price we pay is that our debates are loud, they're messy, and sometimes they don't end. Because there's no one in the room who can say, I've heard everybody's opinion. Thank you so much for participating. What we will do is... Right? That's how corporations run. That's how governments run. That's how many things run. We've tried that. If we wanted that kind of money, we have that kind of money. We all get in a room, we talk, we express our opinions, and then Janet tells us what the interest rate is going to be. That's the bottom line. And if you don't like it, opt out. Put all your money in crazy, magical internet money. The bottom line is, this is not an accident, it's an explicit trade-off. Efficiency is the price we pay to buy liberty, and I will pay that price every time. Guess what? I can apply engineering optimization to efficiency. Bitcoin is the first time I've been able to apply engineering optimization to liberty, and that's awesome. So is Ethereum for the same reason. That is the promise of the open, decentralized blockchain. Not really. They can make limited decisions about what they include in the code, and if you don't like it, you don't run their code. Which lead developers in charge in any of these systems to change their own code? Gustav was up here just a second ago showing us how the loyalty that the miners were willing to give... the lead developer of the Go version of Ethereum was about an hour. Once the price started dropping, they all suddenly became parity fans. In blockchains, you can have opinions, or you can continue to make money. That's the game-theoretical model. If your opinions get too strong, you stop making money. Then your opinions get very soft indeed. You can. I can. Ask an Argentinian if they can. So the truth is, for 5% of the population, you under very limited circumstances have that option. The other 95% of the population of this planet simply does not have that option.