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.
The Lightning Network (LN) is a 2nd layer payment protocol for Bitcoin’s perceived scaling problem. In this article we will outline the technical issues with scaling this network, legal reasons why widespread adoption is incredibly unlikely, and how the proposed solutions end up implemented as centralized solutions relying on trusted 3rd parties, the very entity Bitcoin was created with intent to remove from peer-to-peer transactions.
