Part 9/14:
He emphasizes that big tech companies, including Facebook/Meta, have misjudged the opportunity for decentralized financial infrastructure. If they focus on their current ambitions (e.g., Libra/Diem), they risk competing against systemic entities like the Federal Reserve, rather than leveraging Bitcoin’s way to redefine monetary sovereignty.
The Power of Interoperability and the Race to the Standard
For Dorsey, the key to mainstream adoption is interoperability. His goal with Strike is to enable merchants—starting with giants like Starbucks—to accept Lightning in a way that feels natural, fast, and costless. If consumers can pay with Lightning and see the same seamless experience as cash or card, traditional payment networks will be forced to adapt or lose relevance.