I first met Unbounded Capital partners Dave and Zach while we all lived in the Bay area in 2018 while I was running a monthly Bitcoin SV meetup in San Francisco. As someone fully entrenched in Bitcoin technology for almost 3 years now, I constantly evaluate emerging products, services, and businesses I see building on Bitcoin SV.
2021 was an exciting year in the cryptocurrency and blockchain space which brought soaring asset valuations for both publicly traded crypto assets and private equity. Unbounded Capital believes the strong foundations laid in Bitcoin SV in 2021 will support enormous value creation in 2022 and beyond.
A Florida civil suit over the $70+ billion Satoshi fortune starting November 1st could lead to broad market awareness that Dr. Craig Wright is Satoshi Nakamoto. This could have significant short term price impacts on Bitcoin Satoshi Vision (BSV), a version of Bitcoin which Craig Wright is heavily associated with and endorses as “the real Bitcoin”.
SPV has been largely discarded in Bitcoin’s history, particularly by Bitcoin Core (BTC). They assert that running a full node, tracking all Bitcoin transactions oneself, is more secure than using SPV and thus should be the standard approach. That view is akin to saying that Amazon shoppers should record a complete list of all sales in Amazon’s history rather than accept a receipt to use as proof of purchase. Luckily for BSV, this is not the view of Xoken CEO Nithin Mani who has developed a robust SPV solution.
