Martin Koppelmann

So you can say the first users are, or I mean, they pay their regular price plus 20%, and then later, and if more and more people join, well, then the early users get

get a bunch or get a little bit of that.

So, I mean, yes.

Yeah, I mean, I think what needs to be part of the component is that there is value creation by kind of agreeing on something.

I am not sure if I see this with a school.

I certainly see this with all those platforms, because, again, those platforms are more valuable platforms.

If they have network effects and they are more valuable, if more people join them.

Your question about competing... Token issuances.

Competing issuances.

Yeah, well, that will be very interesting to see.

So can people figure out a way to later?

So let's say you are creating the platform.

I'm creating the platform.

Can we find later a way to maybe join our tokens and create one platform or will it just be the usual competition winner takes it all?

And at some point, the one platform is a really big one and the other one is completely irrelevant.

Forget that.

Okay, forget that.

Let's say there's competition and we have one winner.

The difference is still that right now, so you have still one winner and you have still someone who's then making a lot of money and collecting the fees, just like today.

Still, the difference is that if we have Uber today, then they have complete control over the platform.