That’s both a political question and a meta-political question. There’s a pragmatic question of how universities will react in the near to medium term to the explosion of distributed [everything]. One thing that’s happened in this regard is that they have, I think, expanded their credentialing. They have a monopoly on credentialing in most countries in the world. There’s been a lot of moves towards things like making college free for everyone or expanding the number of professional degrees offered. It started with the MBA, but there are a lot of others now – Master’s of Engineering, Master’s of Professional Administration, Master’s of Administration. They definitely have a strong edge over most upstarts [Editor’s note: like soulbound tokens] to the extent that they want to continue to be powerful, large, relevant bodies.
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