Look, I'm not an expert in the field and I think you're making some kind of real point here. But for many organizations, there is no acceptable substitute to physical possession of the hardware, and sometimes even running it in an airgapped environment. You can synthesize a financial instrument of some kind, maybe, but it appearing the same from a financial perspective isn't the same as actual possession.

> You guys just raised $100m, you should be able to engage over questions of arb or whatever, and just know this stuff, and be able to talk to bankers and talk like a banker.

Both Steve and I are mere software engineers :)