For years one of the predominant debates in Bitcoin has been the block size debate. Should Bitcoin have “small blocks”, processing computationally small amounts of data every 10 mins? Should Bitcoin have “big blocks” processing as much data as possible?
An Offer For Profit-Seeking Exchanges
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.
Opportunity Fund LP Letter - 2020 In Review
Unbounded Capital invests in the Bitcoin (BSV) ecosystem via early stage equity in companies building on top of Bitcoin as well as asset and derivative exposure to Bitcoin itself. We envision businesses leveraging Bitcoin playing a predominant role in shaping how people interact with and use the internet in the coming decades, and are working to help entrepreneurs achieve that vision.
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”.
The Sunk Cost Trap and BTC
A common pitfall for investors is a descent into a sunk cost trap. The bitcoin and cryptocurrency ecosystem has fallen into a deep sunk cost trap. BTC investors appear to be analyzing their investment strategy in a backward-looking manner rather than unemotionally appraising their present options or projecting into the future.