Bill Cohan

That's probably one of the things that makes our economy so vibrant in many ways is that, you know, we don't frown on that.

We encourage that.

And

So, you know, but when people speculate, things can get like really out of control and they can go way up like the price of Tesla stock, even though it doesn't seem to make any sense.

And sometimes Bitcoin has that feel.

And so sort of in the public interest to, you know, inform people as much as we possibly can about,

about the origins of this and what it was meant to do and who's behind it, et cetera, et cetera.

So that's sort of an addendum answer to the public interest question that you asked.

I feel like one of my duties as a former Wall Street M&A banker turned financial journalist is

is to sort of open up the black box that is financial transactions, that is financial jargon, and put it in language that people can understand and discuss it in a way that people can understand a little bit better.

I know it's never all that easy and there's a lot of jargon, but basically...

you know, financial transactions, the financial system is based on confidence that we have in it.

And so it's really important as a public interest matter to make sure that people, you know, maintain their confidence with good reason.

And because if they don't, then the system is going to, you know, collapse from its... It's like, it's really just like whipped cream in a way.

You know, it's really, there's...

There's substance, yes, but without the confidence, as you can, you know, see in the 2008 financial crisis, which obviously gave birth to the white paper.

It's not a coincidence that the white paper emerged, you know, three or four weeks after the worst of the financial crisis appeared.

And, you know, as we saw, you know, again, with, say,

You know, the Silicon Valley Bank disappearing in, you know, less than 24 hours because people lost confidence in the bank and they took their money out.

So confidence is a very big part of this.