Jack Mailers Bitcoin 2022 Presentation

• This presentation is presented here for educational purposes only, and I am not earning rewards, as all rewards are declined.

Jack Mallers' presentation, explaining the history of how traditional payments systems and networks like Visa, MasterCard, AmEx, and Discovery have developed over time.
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He also explains how these systems work and haven't seen any significant innovation in decades.
Jack does a great job explaining the history and how the traditional payment systems work. He does this to make a very important point.
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That is these global systems haven't had any innovation in a very long time, they are controlled by monopolies, they have flaws, and finally today we have a technology that offers better solutions. This technology is bitcoin.
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Of course, bitcoin core network cannot compete with instant payments and it also has transaction fees that fluctuate.
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However, the layer 2 solutions like Lightning Network do solve these problems and make bitcoin usable for every day payments
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