The story of the collapse of SBF, and the acolytes his demise will topple, is still developing. This cryptocurrency consensus we attacked in our book in 2020 remains fundamentally flawed. At Unbounded Capital, we will continue to focus on where we see real value creation.
Why The World's Largest Blockchain VCs Keep Investing in Frauds, Ponzis, and Useless Technology
As the crypto bubble continues to collapse, investors are naturally wondering where value will come from in the next phase of blockchain. Some will argue that this market collapse is just a bump in the road, and that the same playbook will still work in the long run. Others will say that blockchain has no value at all and that there won’t be another blockchain epoch.
Why I Joined Unbounded Capital
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.
Trucks Belong in The Living Room
Unlimited Liability, but this time ‘Decentralized’
Last week the Commodity Futures Trading Commision (CFTC) filed a complaint against Ooki DAO a so called “decentralized autonomous organization” for unlawfully engaging in activities without proper registration and violating know-your-customer (KYC) diligence on customers. The defendant in action is listed as “Ooki DAO (formerly d/b/a bZx DAO), an unincorporated association” which is described as a class comprised of the DAO’s token holders who voted with their tokens to govern the protocol.