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.
We believe that Bitcoin (BSV) is an incredibly secure network with effective settlement of transactions nearly instant, while exchanges like Binance and Coinbase imply, or explicitly claim, that Bitcoin is so insecure that they required comically long 1008 confirmations to recognize transactions as settled.
The release of PowPing this past Monday was probably the most fun release of a Bitcoin oriented product to date. This new social media platform resembles Twitter and Reddit but replaces likes, retweets, and upvotes with tips. I used PowPing to offer $50 in tips in exchange for answers to an important question: Which BSV use case will be generating the most annual revenue in 5 years and why?
Is it possible that central banks could issue digital counterparts to existing paper fiat currencies on a network like Bitcoin? In an interview this Monday, David Washburn, the CEO of the Bitcoin research, development, and enterprise solutions firm nChain, said that his company is “in active discussions with several central banks and government agencies around the world…”
