Jeff Walton

Okay, if half of those companies in the S&P 500, you don't even know the names of them.

If you buy the S&P 500, you're buying those companies you don't even know the name of.

You're getting paid a dividend on them.

It's like, what's the value of that?

And how much volatility do you take on for that value storage?

And so we're talking about potentially disrupting the equity market.

Not necessarily the growth equity market.

I think that's a different bucket.

Okay, so you're disrupting credit, you're disrupting equity market, you're disrupting real estate.

How much risk profile do you take on for a digital credit instrument relative to real estate?

And I was talking with my aunt and uncle.

My aunt and uncle sold multiple pieces of real estate in suburban Wisconsin.

And the reason they did that, the prior year, they had a hailstorm, ruined one of the roofs.

Insurance came back.

The cost of insurance went up 100%.

Their tenant moved out.

They got to mow all the lawns.

They've got all of this damage that they got to figure out.

There's just so much risk associated with a piece of real estate and like headspace.

So what's the value of the headspace?