yes, just far, far less than now. to be clear, I am a huge fan of equity-like investment products and will be discussing/announcing a lot on this in the near future! but, I can't see the utility of short-term credit for matching positive and negative working capital floats ever going away, and doing it with equity would be an administrative nightmare. I'm sure there will be other corner cases too, but I think the right way to think about this isn't that credit itself is "bad" (although you may reasonably also think that) but rather that the extent of its contemporary existence is entirely unnatural. I think bitcoin brings us back to a much lesser, more natural level.