diff --git a/NewMutableEncodingDesign.md b/NewMutableEncodingDesign.md
index c2f712b..ddf7cd9 100644
--- a/NewMutableEncodingDesign.md
+++ b/NewMutableEncodingDesign.md
@@ -52,14 +52,14 @@ Assuming a `tahoe:` prefix and no additional metadata, here's what
 various lengths of base62-encoded filecaps would look like:
 
  * 1*K:
- * 96 `tahoe:14efs6T5YNim0vDVV`
- * 128 `tahoe:4V2uIYVX0PcHu9fQrJ3GSH`
+  * 96 `tahoe:14efs6T5YNim0vDVV`
+  * 128 `tahoe:4V2uIYVX0PcHu9fQrJ3GSH`
  * 2*K:
- * 192 `tahoe:072Og6e75IOP9ZZsbR1Twjs6X5xXJnBAF`
- * 256 `tahoe:fZeioazoWrO62reiAjzUAyV0uz3ssh6Hnanv8cKMClY`
+  * 192 `tahoe:072Og6e75IOP9ZZsbR1Twjs6X5xXJnBAF`
+  * 256 `tahoe:fZeioazoWrO62reiAjzUAyV0uz3ssh6Hnanv8cKMClY`
  * 3*K:
- * 288 `tahoe:11DriaxD9nipA10ueBvv5uoMoehvxgPerpQiXyvMPeiUUdtf6`
- * 384 `tahoe:3a31SqUbf8fpWE1opRCT3coDhRqTU7bDU2AvC3RQJBu6ZNFhVscyxA9slYtPVT79x`
+  * 288 `tahoe:11DriaxD9nipA10ueBvv5uoMoehvxgPerpQiXyvMPeiUUdtf6`
+  * 384 `tahoe:3a31SqUbf8fpWE1opRCT3coDhRqTU7bDU2AvC3RQJBu6ZNFhVscyxA9slYtPVT79x`
 
 Adding 2 metadata characters and a clear separator gives us: