Brian Armstrong

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.

And then, yeah, I mean, Uber and Airbnb and a lot of these things, like, all the money was made by private investors or accredited investors like yourself.

And then, yeah, I mean, Uber and Airbnb and a lot of these things, like, all the money was made by private investors or accredited investors like yourself.

And then when they finally went public, it kind of went sideways.

And then when they finally went public, it kind of went sideways.