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

Ken Olsen famously said, nobody needs a computer in the home.

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

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

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They understand this is the most significant intervention they can make.

I'd like to pay the check, please.

The year goes by, and then even after paying Pete the 1 , so we had 500 of assets under management this whole assets under management a year later goes to,

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 this is a good way to think about it.

So actually, let me do that.

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

I'll pay with travelers' checks.

You'll enter your business name, billing information and enroll users.

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

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Let me do that in red.

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

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

That will now compound over the next month.

That will compound for one month.

You don't pay any mortgage payments.

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

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

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

And it's not just stewardship and dominion debate, because really, dominion is implicit in stewardship because how could you dominate something you had killed?

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

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

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

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

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.

They sell off the assets.

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