But I just want you to stop around, you know, six important checkpoints, you know, at every stop, tell us like three things, what leaks, who could see it and why should I care?

Sure, I'd love to.

So we can start with this kind of famous quote from Snowden.

Might not have been Snowden.

It wasn't Snowden, but he says it all the time.

And that is, like, people are killed on metadata.

Metadata is very valuable.

So why isn't that enough, in your opinion? Well, it's perfectly sensible if you do it

How did it come to be? Because there was some interesting history there, just quickly.

Yeah, it came out of an ICO back in 2017, one of the earlier ones, maybe third or fourth ICO that happened that was on the Ethereum chain status, which was an attempt to build clients that unified the original Ethereum vision.

Namely, that was...

Ethereum blockchain, Whisper and Swarm, which was a blockchain messaging, ephemeral messaging and storage.

We wanted to make that available to everyone.

And so Mist wasn't really a client that worked that well, and also wasn't dedicated towards the majority of devices out there, which are mobile phones.

So it was a project to try and unify that and make it usable, make it easy and available on low resource devices.

How does Logos, the privacy stack, become Logos, the network state?

So exchange traded funds, like what we're used to.

Yeah.

So for the longest time, this has a number of consequences.

Bitcoin's market cap is relatively small compared to traditional finance because it was still risky for traditional finance and there were no vehicles for them to put money into this ecosystem because traditional finance is much more regulated.

how you can add bitcoin onto your balance sheet requires some i guess rules and regulations on how you do that etfs were the first vehicle really that allowed for large-scale institutional finance to start playing with this type of thing and so now since the first ones we've had a tremendous amount of money flow into the market of bitcoin and cryptocurrencies i call that infrastructure like people businesses are now putting a portion of their balance sheet in this technology in the past it used to be a nice hedge against the traditional financial infrastructure because it wasn't necessarily tied to it.

So some people put like independent people would put portions of their portfolio into Bitcoin and Ethereum and other currencies as a way to hedge against the traditional market.

That's not necessarily the same story anymore because the traditional finances pump so much money into it.

And then But before that, what exactly is the blockchain and blockchain technology and why do we care?