Let me do that in red.

And then year 10, I pay the 100,000 plus I pay back the 1 million.

So on day zero, you have a 200,000 loan.

So what they do is out of this 10 , they pay them some of the basis points.

That will now compound over the next month.

Look,I only have 100 dollars, I have this customer, I'm doing thec atering for him this month.

I'm gonna go left, you're gonna go right, you understand me?

Choice 3, I am going to pay you I'm making this up on the fly as I go I'm going to pay you 20 today.

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

So actually, let me do that.

Essentially, when you take a traditional mortgage, kind of a 30 year fixed, every month you're paying a little bit more than the interest, just to take down the balance.

On the contrary, passengers themselves must pay.

You don't pay any mortgage payments.

I probably wouldn't have noticed if you hadn't pointed it out.

I'd like to pay the check, please.

I'll pay with travelers' checks.

And then I actually have to pay the 45,000 of interest that just goes out the door.

So it's a little bit more complicated than just saying, oh, look at that, they're giving a 6 coupon, which essentially means twice a year they're going to give me 3 of the value of my bond.

Because after you've paid your final payment, you're done paying off the house.

Mr Experimenter, I solved X problems. Give me X tokens.

Some of which is interest, some of which is principle, but it's the same amount you're going to pay every month to pay down that loan plus interest.

But the important thing to realize is that these payments

But just answer your question, in the event of your death your family does not see the savings portion, they only get this payout right over here.

And so it would essentially be I gave them 100 thousand maybe to do some work for me it would be a transfer of money by giving a loan and then keep forgiving over and over it would be completely identical to giving someone a gift, which is taxed, or giving someone some type of income

You're left with 500,000 of pre tax income.

So he makes 2,000.

And we thought we were going to be able to lay these debts off on our kids, but, guess what?

So I have some kind of weird student loan, where 5,000 comes due all of a sudden.

And then the bank makes the difference, right?

So to live in this house, how much am I paying just in interest?

You have no loan left over.

That will compound for one month.

Let's say it borrows 100 and it promises to pay it in a year.

Use a real pen.

And then I'm going to pay you I don't know 35 in year 3.

But in multi sided markets there might be users, but they're also might be very separate people who are payers.

I'd like to pay with my credit card instead.

So admittedly it's a currency at the moment that's purely for the Kindle.

So people are paying a discount to the number we just calculated.

The IRS might consider that to be income

So Google Search was a very simple multi sided market just two sides.

Well, let's say you want to compound let's say you want to pay every day.

You're going to pay it over 30 years, or you could say that's 360 months.

If I buy, if I directly buy a bond from a U.S. corporation, I'm essentially lending that money to the corporation.

So we've collectively borrowed 1 billion from the bank.