Naval: Yeah especially in these reflexive industries where you know that notion of reflexivity is like my prediction alone changes the potential outcome. And you know the extreme example is like a prediction market predicting the death of somebody. If there’s enough money on that it turns into an assassination market. So bubbles are inherently I think just a part of any system that involves network effects.
Nick: We could get into the whole block size issue because there is a parameter we shouldn’t but I probably will talk about it a little bit. There’s a there’s a technical security parameter called the block size how the general public glommed onto this I do not know. But there’s there’s an obsessive group of people who think of this as some kind of artificial barrier to more transactions per second on Bitcoin. Really it’s it’s job is it’s it’s a fence preventing people from overwhelming flooding the network with lots of transactions that the full nodes I talked about can’t handle that that transaction history keeps building and building.