What are bitcoinrsquos advantages and drawbacks as a


1. What are Bitcoin’s advantages and drawbacks as a payment platform?

2. As an investor, which type of Bitcoin startup (business model) do you view as most promising?

• One-sided provider of merchant series (e.g. BitPay)

• One-sided provider of digital wallet services (e.g. Circle, Xapo)

• Two-sided provider of both merchant services and digital wallets (e.g. Coinbase)

3. For your preferred business model, what are the key sources of competitive advantage?

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