Can Spark Avoid Becoming Bitcoin’s Visa?

Show Notes

This discussion from PBJ #39 explores the economics, governance, and regulatory dynamics of Spark entities. The PBJ crew examine incentives for operators like Lightspark and Stripe, debate the risks of rent-seeking and concentration, and consider how wallets such as Wallet of Satoshi fit into the emerging ecosystem. At stake is whether Spark becomes a plural, competitive layer for Bitcoin payments, or drifts toward a single dominant provider, the “Visa for Bitcoin.” Timestamps 0:00 Incentives and Competition (Lightspark vs. Stripe) 05:08 Fees, Rent-Seeking, and Spark’s Business Model 09:09 Concentration Risks, Regulation, and Wallet Dynamics More about Spark: https://docs.spark.money/home/welcome 🎧 From the PBJ podcast recorded at 📍Presidio Bitcoin 🔗 Full episode: https://youtu.be/Gwf9-SxYvo4 🐦 Follow us: https://x.com/PresidioBitcoin 🌐 Learn more: https://presidiobitcoin.org Subscribe Apple: https://podcasts.apple.com/us/podcast/presidio-bitcoin-jam/id1804198027 Spotify: https://open.spotify.com/show/0N8ZFqAkTwxNmjDXdIo7cT Fountain: https://fountain.fm/show/j2kz7CShWNQaF25Nf6uB