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.
April 15, 2011 was one of the most disappointing days of my young life. It’s a date without much meaning to most, but for poker players it is known as Black Friday. Why? It is the day that the U.S. Department of Justice issued indictments against the three largest online poker sites in America - Full Tilt Poker, PokerStars, and Absolute Poker.
The most costly change to Bitcoin has been the limit on block size. In an effort to fight against 51% attacks, changes were made to Bitcoin to increase the decentralization of miners. Not only are these attacks strongly disincentivized because of legal consequences, but they are also strongly disincentivized by economic incentives.
