Thursday, September 24, 2020

Bitcoin a start-up

Bitcoin as a Start-up

Scarce, Divisible, Transferable, Verifiable, Tamper-proof. Bitcoin is better at being gold than gold

Bitcoin is largely an ideological stand against the fiat system and is probably the only real money we’ve had in over last 100 years

Founder: Satoshi Nakomoto

Pitch Deck: Bitcoin Whitepaper

Product: Parallel Monetary System

Vision: “To allow online payments to be sent directly from one party to another without going through a financial institution” (plugged directly from the whitepaper). I personally see it as a superior store of value

Mission: “We propose a solution to the double-spending problem using a peer-to-peer network” ((plugged directly from the whitepaper)

Many volunteers but no employees

Product Offering: Buying & Selling, Sending & Receiving, Store of Value, Privacy, Programmability

Risks: Government Ban. Hacking, Volatility

Investment Rounds: Pre-Seed, Seed, Series A, we are at Series B (The fourth halving event) …..For it to become IPO ready/investment grade it still has a long way to go

Network effects will soon start to kick in as many investors are piling up on Bitcoin, recent one being Michael Saylor

PS : https://mobile.twitter.com/HODL_somani


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