Highlights from the Unbounded Capital Summit 2022

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On September 8, the first Unbounded Capital Annual Summit took place in New York City at trendy Dream Downtown, an invitation-only event for partners, venture and hedge fund managers, fintech and blockchain entrepreneurs, institutional and family office investors.

Today’s speakers featured bright minds in the BSV blockchain and beyond, with CoinGeek’s very own Kurt Wuckert Jr. as keynote speakers and other notables former US Treasurer Brenton Gunning, Jimmy Nguyen and more.

Great day to host the Unbounded Capital Summit 2022 #ucsummit. This panel on #Micropayments of @isaacmorehouse, @brandonbryant02Muhammad Salman Anjum, Alexey Mashohenkov and Marshall Greenwald definitely excite us and should excite you too. pic.twitter.com/37tdqNebQL

— Unbounded Capital (@unboundedcap) 8 September 2022

In his opening presentation, Zach Resnick, managing partner of Unbounded Capital, highlighted the major differences between this summit and other blockchain events delegates may have attended in the past.

“This is not the crypto conference you’ve been to before. We are looking at very different approaches and use cases, he said during the speech.

“In a world where most crypto conferences are dominated by glorified Ponzi schemes and the companies that make money from this speculation, Unbounded invests in companies that are solving big problems leveraging scalable blockchains,” he affirmed.

“Today we’re going to try to spend more time showing rather than telling you what’s possible when leveraging a scalable blockchain,” Resnik promised.

The day started with a keynote presentation from Wuckert, in which he summarized the history of Bitcoin, some of the common misconceptions surrounding the technology and how the blockchain landscape has evolved since the release of the Bitcoin Whitepaper in 2008.

“I explained to them why Bitcoin is not only not slow, but it’s the fastest payment technology we have on Earth right now,” said Wuckert, CoinGeek’s chief Bitcoin historian.

“So we’re already orders of magnitude above what people think blockchain is possible to do,” he confirmed.

Haste Arcade’s presentation, delivered by CMO Joe DePinto, was the perfect example of what Resnik meant by “showing” versus “telling” the powers of the BSV blockchain.

DePinto didn’t elaborate on the technology used behind the scenes, rather he talked about Haste’s core products, including leaderboard payouts, new game modes, upcoming game releases, and what’s special about those products.

“Why are game developers, why are gamers interested in this? And I think it has to do with micropayments and the business model you can create from that,” DePinto said.

In fact, the unique ability to make micropayments using the BSV blockchain was a recurring theme throughout the day.

Fittingly, Isaac Moorehouse, entrepreneur and micropayments enthusiast, moderated a panel dedicated to the topic, a topic Moorehouse is so passionate about that he hosted a mini-series on his YouTube channel exploring why “small payments are a big deal.”

“When you’re able to put monetary prices on transactions that are very, very small in value, the number of potential business applications, the number of use cases, business models is endless,” he said.

He went on to explain how BSV allows a single payment to be instantly split into small amounts and sent to many different places or people, bypassing the need for a complex accounting process.

“BSV as far as I know – and I’ve played with many of them – is the only one [blockchain] that can do it efficiently and at scale,” Moorehouse added.

Another speaker who was happy to show the vs. tell was Adam Kling, CEO and founder of FYX Gaming, the parent company of the popular single-player fantasy RPG game CryptoFights, powered by the BSV blockchain.

The famous one @brentgunning on @FlowBlockchain and #BSV on our gaming panel at #ucsummit with:@JacksonLaskey @TylerFarnsworth @hastearcade @PlayFyx @unboundedcap pic.twitter.com/Qapp1563CH

— Zachary Resnick (@TrumpetisAwesom) 8 September 2022

During his panel, Kling emphasized the importance of choosing a scalable blockchain from the start, especially when building applications that will generate a large number of transactions as CryptoFights does.

“We started on Ethereum and I told the story of having to go through that pain and then switch to something else and build out the infrastructure for our application to work,” Kling said.

“We also got into making sure that if you’re going to start building on a blockchain, what to look for. And I gave some examples of some projects that didn’t think about that and had big, big problems, not just with the blockchain , but also security issues and things like that, Kling added.

Coming to NYC all the way from Australia, Tokenized co-founder and CEO James Belding presented the concept behind Tokenized and how investors in the audience can benefit.

“I think there’s so much misinformation and misunderstanding about how all of this works — blockchain more generally, tokens, smart contracts. There’s a really big value to being out here. It’s mainstream. You don’t have to speak technically to understand it ,” Belding explained.

“It affects a lot of these guys — a lot of these investors, all of these fund managers — how they deal with the kinds of things that we deal with on a day-to-day basis,” he added.

For me in particular, it was a special treat to finally meet in person Joshua Henslee, a CoinGeek contributor and an entrepreneur, one of my favorite BSV blockchain teachers via his CoinGeek articles and YouTube channel.

Henslee was actually one of the first professionals to introduce the Unbounded team to BSV, thanks to a series of Bitcoin meetups in San Francisco a few years back. Through conversations at these meetings and the independent research that followed, Unbounded came to the same conclusions as Henslee regarding the unique powers of the BSV blockchain protocol.

Henslee went on to express that he was happy to be in NYC and had nothing but positive feedback about the event itself and the organizers behind it.

“Everything is very high quality, and I think the reason is because it’s an invite-only and private event, but also meant to capture people who aren’t necessarily in the crypto space,” he commented.

“And what I find interesting is even though the content is around Bitcoin SV, which is a pariah in the industry, the people, because I think they’re off target, they’re very captivated,” he said.

“What I’ve seen in regular public events – or typical crypto events – is that there’s a lot of multitasking, people on their phones and computers. But here I see people engaged in asking good questions, which I’m very happy to see, added Henslee.

See: BSV Blockchain Convention panel, Blockchain Venture Investments: Driving Utility for a Better World

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