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

0:00 DK is back in the studio next week! Swimming in cold water and using a wetsuit.

3:40 Breaking News: Spark announces Stablecoins on Bitcoin and unpacking who will win in the stablecoin landscape.

10:28 Unpacking Spark, how it works, and its three structures.

18:57 How Spark uses state chains to get scaling.

27:40 Differences with Spark and other blockchains, like the new GCUL from Google.

32:56 How payments across services would work using payment trees.

42:42 What is the happy path using payment trees, and what motivates entities?

49:08 This is the early thesis of banks from early bitcoiners being played out.

55:22 Does this mean everyone is coming for Visa?

1:08:59 The Spark trust model: Is it self-custody or is the term 'Trustodial' more accurate?

1:15:29 Where will value accrue in this market? The issuer, the chain, service providers, bridges, etc.

1:19:38 Are we about to watch the next age of free banking?

1:22:28 A no-KYC payment user experience can help onboard people and agents to Bitcoin.

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