We’re living through a simple pattern that keeps repeating: open protocols beat closed systems.
Email did it to postal monopolies.
TCP/IP did it to telco cartels.
HTTP did it to walled gardens.
Now, permissionless money is doing it to banking rails.
Look at the signals: @stripe integrating @USDC , @PayPal launching $PYUSD, @Visa running stablecoin volume, @BlackRock building tokenized funds.
"We’re in deployment."
The new system runs on cryptography and software-enforced rules. The old one runs on trust and coercion. Only one scales to billions.
We haven’t even fully leaned into programmability yet: money that enforces its own terms, escrow without agents, payroll without processors. When rules are code, intermediaries become optional.
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