yes all of it. the only optimism i have for strike is that they built their own custodial infrastructure, and i HOPE, given the seemingly principled nature of ten31 etc their purpose in doing that was to engineer privacy in to their systems – eg. the government comes knocking, wants chainalysis on someone and they just simple can't do it as they built their own system on bitcoin principles, but that is a fantasy in my head and who knows. The point is yes - we understand the distinction, most never will!