 How do you see Andrea streaming money for entrepreneurs selling goods not services because that's I can figure out you can stream but goods Regarding streaming money of the salary and suppose a network of companies they have like a holding structure and Well, you're gonna have to manage cash flow. I mean you have to manage cash flow right now in terms of they don't know Balancing incoming inventory outgoing sales and salaries that happen on three different timescales We're simply talking about changing some of those timescales, and it's going to require new processes It's gonna require new software. It's going to require new accounting, and it's going to open up new opportunities It's not as useful if you're a company that is receiving Cash flow streams that come in on a per product basis an Inventory that's coming in on a per monthly basis to try to pay your employees on a per minute basis That's gonna cause you some cash flow nightmares Absolutely, but you know companies manage cash flow today and sometimes the product sales are delayed and sometimes the Inventory doesn't arrive and they use Investment money and operational capital to bridge the gap between the two so you just do that, but on a different timescale Yes, think about it. We're all gonna be thinking about it for the next two decades Yeah, just in time delivery and a lot of time-based services Lending as well Borrow more when you need it rotating credit accounts. Yeah, I mean the the Ideas that can come out of this are pretty much endless not all of them will be practical, but we'll see Yes, we have seen that We see it one of the first demonstration applications for a payment channel was Called Streamium dot IO which is a video streaming service that allows you to pay for as much video as you watch On a per minute basis of billing so you put a deposit for what you think you're going to watch Let's say 30 minutes and then every minute of video that you receive you your Your browser application signs a new transaction that pays for that minute and then at the end of the stream When you disconnect or when they disconnect The last transaction represents your balance. So in the actual stream. Yes, so streaming video streaming Courses for education All kinds of applications like that could be transformed anything. That's time-based Service that could be transformed in many ways using this technology If you try to tie it to DRM Digital rights management you're going to find out the basic rule of DRM which is DRM doesn't work Because I can stream that video while holding a camera in front of my screen and Then redistribute it for free It's not going to change the fundamental thing that if my eyes can see it so kind of camera if my ears can hear it so kind of microphone and copying information is Cheap and easy. It doesn't change the basic piracy DRM Competition what it does is it allows artists and content creators To be able to connect directly with their audience without using a platform Because one of the main reasons these platforms exist is because they have to aggregate payments to a level of two or three Or five or six dollars, which is the minimum you can charge on a credit card So the credit cards cause Centralization of these platforms Thank you so much. I have to say your analogies are fantastic, especially this one is pretty new to blockchain My question is around how you think blockchain might apply to developing economies and particularly bottom-of-the-pyramid Business models coupled with things like microfinance products. I was just wondering how you see that Potentially changing the world with some of the poorest economies I think it's going to Have that impact, but it's going to take a while and part of the reason it's going to take a while is because The places where the technology will be most applicable a places where you have this particular combination of extreme need Technological infrastructure Literacy among the population Numeracy among the population and access opportunity to use this technology Now most of you here look younger than I am. I remember my first cell phone. I Got it in London It was 1991. I was really excited because it was the first generation of cell phones that didn't come with a suitcase attached I'm not joking Cell phones before then were a handset connected to a suitcase My cell phone was about this big Before you extracted the antenna It worked in a half mile radius around central London It had an awesome talk time of 20 minutes and a standby time of an hour 30 Which means it could only be plugged in which means it wasn't a mobile phone How long before every Kenyan farmer every Polynesian tribes person every Sub-Saharan Africa Hunter Every inuit on a snowmobile Had a globally connected cell phone with at least the basics of a data plan or an SMS plan Took about 15 to 20 years and if you look at the technology right then you'd say It's too expensive. It's too bulky. It doesn't have enough range Only rich people are using that Guess what the ultimate status symbol of a mobile phone is today someone else carrying it If I'm walking around and I haven't touched the cell phone in a week and my assistant carries the cell phone I have arrived That's what it means to be rich. It means you never touch a cell phone And if you wear a Bluetooth headset You're a blue-collar tradesperson Right Rebel and those were status symbols Not anymore that transition took a long time And if you didn't see it at the beginning through lack of vision You looked at the flaws of the technology the scale of the technology But cell phones like many technologies were on an exponential curve Every two years half the price every two years twice the range every two years Twice the battery life twice the bandwidths and if you do that for 20 years You get a thousand X improvement The two thousand X improvement. We're going to see that happen with Bitcoin people are upset today And they say like fees are high Yes, fees are high this Bitcoin won't work for micro payments. They're not gonna stay that way We're going to reach the next level of scale and at some point fees are going to be much much lower again And then they're going to be much too high again, and it's going to oscillate back and forth But this technology is moving on an exponential curve. We will do micro finance We will reach every corner of the planet and the best reason for that is because every one of those cell phones That's out there is now a bank One day it will be used as such and that's going to change the world