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.
Why We Invested in HandCash
At Unbounded Capital, we value bitcoin (BSV) as a technology that will radically improve the lives of billions of daily users. In order for bitcoin to realize this vision, we believe its progression needs to mirror aspects of the development of the internet. Like the protocols that comprise the internet, the bitcoin protocol’s underlying complexity must be abstracted away to make it useful for non technical end users through a variety of user friendly applications. HandCash, a leading bitcoin mobile wallet, shares this vision and summarizes it with their slogan “Bitcoin for the rest of us”.
Why We Invested in Run
At Unbounded Capital, we believe Bitcoin as BSV will fundamentally change the nature of internet applications. We believe that the businesses which make building new or transitioning old applications to a Bitcoin based architecture are some of the best short and long term investment opportunities in all of Crypto and the broader economy. Of all of these businesses, we think Microsoft/Snapchat alum Brenton Gunning’s Run leads the way in combining innovative design with a savvily practical emphasis on outstanding user experience.