Alex Heath

You have to have like a six-month post-calci period.

So if you leave, you have to wait for six months before you could trade.

So, but it is, I mean, there are ways to kind of like, like you could still use the app without trading, right?

Like, so that could get you a lot of the, I mean, that could get you a lot of the flows, except for maybe the core trading flow.

And then we have, you know, we have like an internal like demo, like no real money, like free money version of the product.

But that's also different.

That also has different dynamics.

we get close but not quite there yet same product no dopamine it's like i mean the whole point right is like having skin in the game right changes the behavior of people right like like that's the whole point it goes back to sort of the whole question about polls versus prediction markets or like experts versus prediction markets like

The whole difference is there's some skin in the game here, right?

If you take out the sort of monetary incentive or this idea of like, you know, put your money where your mouth is, then we default back to kind of a regular poll, right?

People can just say anything.

The whole kind of truth-seeking aspect sort of erodes.

You can bring back the bias, bring back subjectivity.

And so the money component is a critical component to kind of take you from the subjective to the objective, rational plane.

So it's a difference, a big difference.

I think that's okay.

I mean, look, the same rules apply.

So the rules that apply to the stock market generally mostly, like basically the same rules apply to prediction markets, or at least regular prediction markets, which is the case for Cauchy.

And so it's an important distinction to be drawn, right?

Like from the early days, from the kind of day one, it's like we're in financial services.