Okay. Then it is a decentralized wildcat banking scheme with no FDIC/SIPC protection or any financial controls and auditing around fraud and risk, and the larg

Okay. Then it is a decentralized wildcat banking scheme with no FDIC/SIPC protection or any financial controls and auditing around fraud and risk, and the largest market participants think the world is upside down and that those regulations are the problem. It is vulnerable to a systemic banking crisis that causes a bank panic / collapse across the entire system, with no entity large enough to step in and bail it out. Up until now it was probably bailed out after the 2017 collapse by the actions of True Believer billionaires. At some point though as it grows then a billion here or there won't be sufficient to address the liquidity outflows, once you start talking about tens or hundreds of billions to backstop a crash then it'll fail.