USDC on base seems far more common for 402 payments now than Bitcoin. Recently, even Stripe joined the bandwagon. That’s a centralized stablecoin on a permissioned chain. Agents are starting to use fiat. It’s a huge loss, and in a race, many aren’t even aware that it exists.
In the end, people may simply care a lot more about convenience than permissionless-ness and fixed monetary policy.
Another way to look at it is: people transact with USDC because it's easier, but convert it to save in Bitcoin. That's a possibility too.
We have to first understand the different ways people are thinking about and interacting with the various monies out there, and thinking carefully about how bitcoin fits into that.
In the end, people may simply care a lot more about convenience than permissionless-ness and fixed monetary policy.
Another way to look at it is: people transact with USDC because it's easier, but convert it to save in Bitcoin. That's a possibility too.
We have to first understand the different ways people are thinking about and interacting with the various monies out there, and thinking carefully about how bitcoin fits into that.