Part 13/17:
The conversation explores the analogy of the current and future financial stacks: traditional systems are hierarchical, driven by central banks and legacy institutions. Conversely, the crypto ecosystem will develop a layered structure with miners, nodes, exchanges, and layer-two solutions like Lightning Network, enabling faster, cheaper, and more private transactions.
Bill envisions a world where networks like Visa and Mastercard integrate with crypto rails, allowing seamless, trustless payments without intermediary banks—using stablecoins and trustless escrow solutions for ephemeral transactions. This vision involves a hybrid stack combining blockchain's security with the efficiency of existing payment infrastructure.