 Hello, my name is Martin. I have a question to Andreas. What's your personal view on Halloween this year, and its impact to accentuate and difficulty? Sorry, what was the Halloween accentuation? The halving, yes. The great halving of 2016. So to explain, for those of you who are not quite familiar with this every four years, the amount of subsidy in each block decreases by 50%. So we started with 50 bitcoin per block. We are now in the era of 25. We are going to enter the 12.5 era, approximately on July 22nd, 2016. One of the interesting things about bitcoin is that we know what the monetary policy will be in 2140. With the Federal Reserve, we don't know what the monetary policy will be this Friday, or with any of the other central banks. Although I have a premonition that will probably involve more stimulus and more printing money. That hasn't worked a hundred times, but a hundred and first, it probably will. So what happens in the halving? As I said, miners prepay electricity in many parts of the mining ecosystem. Not universal, but it is one of the characteristics of the mining community. It actually has some really serious implications on their decision-making process, because it is sunk capital. Secondly, we have now achieved a situation in mining where we have seen from the CPU, to the GPU, to the FPGA, to the ASIC, of 100 or 1,000-fold performance increases, until we accelerated straight into Moore's law. That is a wall, because 16 nanometers are done. Now where do we go? We slow down to 2x increases every 18 months. Everyone can get the same chip, and there is no advantage in preordering. You no longer have to switch chips every three to six months. Therefore, capital, connections to silicon fabrication, centralization of purchasing, no longer matter. This has started happening at the beginning of this year. We will go into the halving with a situation... where there will be the halves and the half-nots, those who have 16 nanometers and those who don't. Those who do not have 16 nanometers will find themselves unprofitable very quickly, and the rest will not. We will see. I predict the price will go up and down. Then it will probably go up and down again, because the primary driver of price is still, by a great extent, sentiment. If the halving is coming, I think Bitcoin will go up. Bye-bye-bye-bye. Everybody else sees it. They are like, bye-bye-bye-bye. Everybody buy. It is great. I am not too sure. I am a bit worried. Up and down we go. It is going to be a roller coaster. Volatility will probably increase. We are in a period of pretty low volatility. We have been for at least a year now. The volatility of 2011 and 2013 is in our past. We have been relatively stable for a tiny $6 billion global currency. We are going to see increased volatility. My suggestion is, take a deep breath and relax. Don't try to play the casino unless you are an experienced stock gambler, in which case, good luck to you. Sit back, relax, watch the fireworks, read the news about how Bitcoin is dead or about to die because of the halving. Wait until right after when Bitcoin is not yet dead.