Understanding the cryptocurrency ecosystem through Wardley maps

What we have in the map is a situated representation of payments with both bitcoins and dollars and it is quite telling to the trained eye: The value chain of dollar payments is compact and has reached a final stage of evolution while Bitcoin’s is all over the map. Looking at Map 3 a familiar picture arises: Accepting payments with Bitcoin has more complicated dependencies than accepting payments with dollars and its value chain is in a lower stage of technological evolution. Map 6 is a rough sketch of an attack on credit cards by a new payment protocol using a Bitcoin settlement layer (as viewed from a merchant’s side).

Source: agost.blog