Yuval Rooz

Exactly.

That's kind of my point.

And therefore, the question is, what is the problem now that you're trying to solve?

We're already in agreement, I hope, that the second that we move from pure crypto assets, and to me, again, an under token is not a pure crypto asset.

Ethereum is a pure crypto asset, right?

Bitcoin is a pure crypto asset.

The second you move, you are effectively giving up on some of these pure intentions that Vitalik have put in his post.

And then the question is, okay, well, if we're going to, you know, relax some of those

features, well, then you're starting to move into kind of like an optimization problem.

And what I mean by that is we started asking ourselves, well, if we think that there is a massive TAM opportunity in RWAs, what are some of the things that we think we have to solve for in order to get massive adoption?

And again, I am trying to explain we're moving away from this pure world.

And the first thing already in 2015-16 that we said would be privacy.

And I don't want to conflate privacy with anonymity.

To me, privacy is the ability to share information on a need-to-know basis.

If you sign a contract, you remember in the confidentiality clause, it will say it's the parties to this contract that knows about this contract.

You are allowed to share it with your lawyers, with your accountants.

And then it has like these special clauses.

If you got subpoenaed by a court or by a regulator under those special circumstances, you can reveal it to them.

That to me is privacy because I can see the contract.

I can see the content of the contract.