Brian Armstrong

This one is, yes.

This one is, yes.

Yeah.

Yeah.

But, yeah, I think that would be a more fair way because otherwise it's kind of like a regressive tax, like only rich people can get richer on private investments.

But, yeah, I think that would be a more fair way because otherwise it's kind of like a regressive tax, like only rich people can get richer on private investments.

But, anyway, I think on-chain capital formation is going to be massive for private companies.

But, anyway, I think on-chain capital formation is going to be massive for private companies.

I think eventually, like, you'll actually just be able to go public totally on-chain, too.

I think eventually, like, you'll actually just be able to go public totally on-chain, too.

Yeah.

Yeah.

There's such high demand for some of these large private companies.

There's such high demand for some of these large private companies.

And, you know, it's kind of a good example of, like, the unintended consequences of higher regulation sometimes.

And, you know, it's kind of a good example of, like, the unintended consequences of higher regulation sometimes.

Yep.

Yep.

Like, you know, Sarbanes-Oxley and all that kind of stuff really cut down the number of how long companies stayed private before they went public.

Like, you know, Sarbanes-Oxley and all that kind of stuff really cut down the number of how long companies stayed private before they went public.