 Currently, most of the things that we share our attention and our engagement and our information with are centrally owned, right? When you use Facebook and Facebook sells an ad that you see, Facebook reaps the benefit of that and that's normal given our current systems. But in a decentralized autonomous organization, there is no Facebook. There is no executive team. There is no CEO of the Dow. And as a result, the value that the Dow creates, the money that's being paid for the service, can go anywhere the Dow determines. And oftentimes it's determined to go back to the end user, which I think is really exciting. Because it means that all the value that normally goes to Google or Facebook or even the banking system can now go back to end users. And that's a very exciting proposition. And I think that's going to unlock human creativity and human endeavors unlike anything we've ever seen before. What is really exciting is the idea of decentralized autonomous organizations offering the same utilities and services that we normally only get from for profit companies. So if a bank has to honor its shareholder agreements and create value for its shareholders, end users are somewhat left out in the cold. Distributed autonomous organizations don't have that requirement. In fact, they don't have any requirements. They could follow whatever guidelines the designers decide wants to follow. In some cases that means taking no profit and feeding all the value back either into development or into the community in some meaningful fashion. So distributed autonomous organizations disrupt the very idea of the for profit corporation. It's very difficult to be Facebook if there's a Facebook competitor that is giving everyone money for using it. It's very difficult to be the banking system if there's a competing Dow offering the same services of the banking system at lower fees and with a more egalitarian perspective and with fewer requirements. So the Dow is a game changer and most people don't realize that about cryptocurrency. It's not the cryptocurrency that is ultimately the big innovation but it's the ability to create networks that no one owns and therefore any value that network creates can be distributed anywhere and I think we're going to see more and more creative ways of distributing value that these systems create moving into the future. The Dow is a decentralized autonomous organization which is a really fancy way of saying a network that no one owns. Bitcoin is run on a Dow. Ethereum is run on a Dow. Dow can be governed by whoever has the best idea and that may change from day to day. So you may have some leader in the community that you take advice from on one issue and then a different leader you take advice from on another issue and that is perfectly congruent. You don't really need a CEO role but that doesn't mean that there's a lack of need for leadership. If you create an open system in which anyone could give it inputs, could share their ideas and even maybe write some code on it, the outcome of that environment tends to be better than what you get in a private for-profit corporation. If you understand how to get in concert with the open source community, how to work with them instead of against them, you'll discover that they'll make things that will improve your existing business models. So I think we're at that stage right now where Silicon Valley or just tech companies in general can benefit from participating in the open source communities instead of fighting against it. It requires the ability to not care too much about the intellectual property rights because having patents on technology or owning IP is useful but execution still matters and ultimately what we're saying is that the execution is more important than simply having the idea and if you're a for-profit corporation with a really effective marketing team and you understand how to position a product, simply having the code exist doesn't prevent you from launching an effective product. What it does is it makes it more competitive. More people may be able to compete against you in that field which is generally good for the consumer. Competition is a good thing and it's not something we should be scared of and I think trying to protect yourself in competition through intellectual property rights or patent trolling is not a desirable outcome for civilization and something that we should move away from as soon as possible. In order for all the world's governments to ban crypto, they would have to violate a number of our protected constitutional rights. Specifically in the United States they would have to violate our First Amendment rights and a number of other Supreme Court cases have to be overturned first. But let's assume they've managed to do that. Let's assume they actually effectively managed to get crypto as a banned thing, something that you're not allowed to touch in society. Well congratulations, you're now living in a totalitarian society and the number of problems that are going to come with that are going to be far and wide. Number two, there probably is no effective way to actually enforce that regulation. All you need is one jurisdiction in which it's perfectly legal to continue operating on cryptocurrency and everyone would simply move their businesses to that jurisdiction. You can mask network traffic and short of them shutting down the internet, cryptocurrency will still be available to anyone who wants to use it. It may dampen its effectiveness, it would certainly create a shock to the short term market price, but long term these networks would continue to exist and I believe that what they would do is just push the cryptocurrency industry into a defensive posture in which we would rely on networks such as Monero which are highly private and almost impossible to spy on. That is a less than desirable outcome for us as a civilization I believe, I believe the current crop of cryptocurrencies are more beneficial specifically for tracking illicit activity or just generating the best use cases. If need be we have other options and the cryptocurrency industry would not go without a fight. In order for people to find reasons why cryptocurrency shouldn't work or won't work or is going to die, they have to resort to really extreme examples of what if all the world's government suddenly colluded on something, it never happened so, I mean they're welcome to try, I think any nation that fights this is fighting the tide, the idea is already out of the box, the cryptocurrency cannot be uninvented and as long as there's value in sound money and in borderless transactions and in uncensurable transactions, then cryptocurrency is going to remain to be valuable so any nation that is trying to ban it or push it out of its borders is just harming itself. I love this conversation right because I used to wear a suit and tie when I worked in finance every day and generally speaking it's been my experience that people who want to look like everyone else are not very good at lateral thinking and that if you're expecting innovation and creativity to come from people who conform to the way everyone else dresses that you're not really going to get anything useful from that crowd. They tend to think inside the box, they have a very narrow myopic view about the way the world could be or should be or is and I think that's dreadfully boring and will not help us in the least bit. More to the point, the way most people want us to dress or expect you to look with a suit and tie is an English cultural proclivity. For someone like me who would be akin to wearing the costume of my conquerors, right? I have indigenous blood in me, my mother is from Southeast Asia, my father is a mix of European and gypsy blood to say that I should mimic the style of dress and mannerisms of the English empire is a bit short-sighted and myopic. I find that people tend to view others through their own cultural lens and I understand why they expect me to wear a suit and tie and to sort of look a certain way and behave a certain way. I would simply invite them to understand that I am from a different culture than them. It's kind of a novel concept, right? Call me crazy, I think we shouldn't be bigoted and judge people based on their appearance alone. I would invite you to judge me based on what I say and what I do, not by how I look. And I think if you want radical solutions to radical problems that you have to learn to think laterally. And anyone who dresses like a drone is just not capable of doing that, so I would invite you to think of it as a good thing and a bad thing.