Comparing L2 tradeoffs, Incentive structures in payments, Stablecoins on Spark

<p>0:00 DK is back in the studio next week! Swimming in cold water and using a wetsuit. </p> <p>3:40 Breaking News: Spark announces Stablecoins on Bitcoin and unpacking who will win in the stablecoin landscape. </p> <p>10:28 Unpacking Spark, how it works, and its three structures. </p> <p>18:57 How Spark uses state chains to get scaling. </p> <p>27:40 Differences with Spark and other blockchains, like the new GCUL from Google. </p> <p>32:56 How payments across services would work using payment trees. </p> <p>42:42 What is the happy path using payment trees, and what motivates entities? </p> <p>49:08 This is the early thesis of banks from early bitcoiners being played out. </p> <p>55:22 Does this mean everyone is coming for Visa? </p> <p>1:08:59 The Spark trust model: Is it self-custody or is the term 'Trustodial' more accurate? </p> <p>1:15:29 Where will value accrue in this market? The issuer, the chain, service providers, bridges, etc. </p> <p>1:19:38 Are we about to watch the next age of free banking? </p> <p>1:22:28 A no-KYC payment user experience can help onboard people and agents to Bitcoin.</p> <p><em>FOLLOW:</em> </p> <p>Presidio Bitcoin: <a href="https://x.com/PresidioBitcoin">https://x.com/PresidioBitcoin</a> </p> <p>Steve Lee: <a href="https://x.com/moneyball">https://x.com/moneyball</a> </p> <p>Max Webster: <a href="https://x.com/MaxAWebster">https://x.com/MaxAWebster</a> </p> <p>David King: <a href="https://x.com/dksf">https://x.com/dksf</a> </p> <p><em>SUBSCRIBE TO THE SHOW:</em> </p> <p>Apple Podcasts: <a href="https://podcasts.apple.com/us/podcast/presidio-bitcoin-jam/id1804198027">https://podcasts.apple.com/us/podcast/presidio-bitcoin-jam/id1804198027</a> </p> <p>Spotify: <a href="https://open.spotify.com/show/0N8ZFqAkTwxNmjDXdIo7cT?si=b07f55f8258140cb">https://open.spotify.com/show/0N8ZFqAkTwxNmjDXdIo7cT?si=b07f55f8258140cb</a></p>