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 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.
In BTC-world, the security of Bitcoin is a function of the price. That’s because the security is rooted in decentralization. The result the misconception around Bitcoin’s security has been billions of dollars and millions of man-hours wasted on projects that have no future and a delay of many years in bringing the benefits of Bitcoin to a large population.
It has been a big week for BTC. PayPal’s announcement that they would support the token instantly expanded the network available to token holders seeking to use their BTC. Likely due in part to the news, the price of BTC has grown significantly and once again surpassed $13,000 USD.
The price required to buy the token is not the only thing on the rise, so too is the price of using it.
Last week’s CoinGeek Live Conference punctuated an exciting week in Bitcoin news which included the announcement of businesses new to Bitcoin, partnerships, acquisitions, investments, technical developments, and more! This post will briefly summarize a few of the highlights and link to additional information on each development.
