Coinbase's decision to launch the x402 Foundation, an open payment alliance centered around the x402 protocol, on April 2nd is certainly thoughtful. There's a pattern in the history of open-source protocols: those that truly become infrastructure standards are never dominated by a single company. HTTP wasn't like that, SSL wasn't like that, Linux wasn't like that, and TCP/IP certainly wasn't. When Coinbase actively replicates the diffusion paths of successful protocols, relinquishes governance, and invites the entire industry to contribute, the expectation that x402 would be adopted by the mainstream of TradeFi and rapidly advance in the cryptocurrency industry changes. By the way, it seems the recent emergence of the x402-like protocol MPP (Machine Payment Protocol), co-incubated by @paradigm and @stripe, is indeed putting considerable pressure on Coinbase. twitter.com/tmel0211/status/20...