Jordi Visser

And it's Mike Cagney who runs it, right?

So I watched a couple YouTubes with him.

And for people who are interested in the traditional finance world to really start understanding the difference between

RWA is an on-chain.

I think what you're bringing up is something I'm starting to get more interested in, which is RWAs to me, which are going to grow.

I've kind of thought of on-chain and RWAs as going outside this building and needing to take a car somewhere.

You've got your taxis, and then you have your Ubers.

Now, when Ubers came out, we had strikes between this and blah, blah, blah.

Uber to me is on-chain, and in this world that I'm using as an example, and taxis are RWAs.

They're around, and they merge together.

They're still together, but eventually,

you're gonna have autonomous vehicles and then there'll be no taxis and no Ubers and they'll just be.

So let me clarify two things.

First of all, just to make sure the audience, because I'm saying RWAs and there's probably a bunch of people.

So real world assets being tokenized, everything that you own, a piece of art, whatever, bringing it to where it has a QSIP, something that basically says, you're taking something created in this other world, putting on.

What Mike Cagney talked about

I would say passionately, which in hearing him talk, I like when people get passionate about something, but it was this on-chain, on-chain, it has to be on-chain, it has to be on-chain, as opposed to taking something off-chain, putting it on-chain.

And I started thinking about it, and it gets into the point that you're bringing.

So I think this is the year

So there were two risks that I saw this year.