BROADCASTS.com

Today\u2019s guest is Erik Voorhees, Founder and CEO of Shapeshift.io, the best way to exchange digital tokens on the Internet. \n\nI was amazed at how eloquently Erik could communicate the benefits and value of Bitcoin as well as why it should be embraced by every person who supports \u201cfree market money\u201d (Gold/Silver). Unfortunately, Peter Schiff wasn\u2019t able to (and still doesn\u2019t) grasp the paradigm shift and advancements in money created by Bitcoin and blockchains. \n\nProtecting Customers: Market-based solution vs Government Regulations\n\nMost people (general public) believes that a government needs to \u201cregulate\u201d the Free Market in order to protect customers. We discuss how such government regulations actually harm the customer and protections should be left to the Entrepreneurs and business leaders to figure out.\n\nHow Shapeshift has Created a Revenue Stream for Digital Token Wallets\n\nSpeaking of revolutionizing business models, before Shapeshift it was very difficult to create a cash-flow positive business that builds crypto-currency wallets. Selling ads, allowing purchases with a credit card (very difficult and risky) or creating a LocalBitcoins-eque marketplace were the only ideas. None of them worked well. Now with Shapeshift, crypto-currency wallets who support multiple tokens can now integrate the Shapeshift exchange engine and make a small cut of all the token exchanges happening from within the wallet. \n\nShapeshift Hack, Bitfinex Hack and the Invention of the \u201cCrypto bond\u201d\n\nAnother interesting conversation was the similarities and differences between the hack on Shapeshift and the hack on one of the world\u2019s largest digital token exchanges, Bitfinex. Since Shapeshift does not hold client funds, no user\u2019s money was affected whereas ~$75M of customer funds were stolen at Bitfinex. \n\nYou do not want to miss the discussion about the impact of the \u201cBitfinex token\u201d and how that allowed 100% of customer\u2019s funds to be refunded. Another evolutionary step in how the Free Market and satisfying customer demand is the best way to protect sensitive information and money. \n\nBitcoin Block Size Debate, \u201cAlt-coins\u201d, Libertarians and Bitcoin Maximalists\n\nWhy Bitcoiners would rather fight each other rather than the \u201cpowers that be\u201d in the banking industry and with the government\u2019s fiat money seems to take a back seat to how Bitcoin should be upgraded. This in-fighting has created doubt in the Bitcoin blockchain and has caused an explosion of both interest and market cap other blockchains and digital tokens. \n\nA solutions-first approach seems to be missing and nagging, complaining and blame throwing are in the forefront. Reminds me of all the unnecessary fighting in the Libertarian community. What\u2019s up with fighting the people who you have >90% in common with? \nThat\u2019s it for this episode of the Liberty Entrepreneurs Podcast! Please Like, Share and Review if you have time! \n\n#buildFreedom\n\n-Ashe\n\nErik\u2019s Contact Info:\nTwitter: https://twitter.com/ErikVoorhees\nWebsite: https://shapeshift.io\nEmail: erik@shapeshift.io\n\nPodcast Resources:\nJaxx wallet - https://jaxx.io/\nExodus.io wallet - www.exodus.io\n\n\nPLEASE LEAVE A REVIEW ON YOUR FAVORITE PLATFORM!\nYoutube: http://www.youtube.com/c/LibertyEntrepreneurs\niTunes: https://itunes.apple.com/us/podcast/liberty-entrepreneurs/id1057809945?mt=2\nSoundcloud: https://soundcloud.com/liberty-entrepreneurs\nStitcher Radio: http://www.stitcher.com/podcast/liberty-entrepreneurs-podcast\nTuneIn Radio: http://tunein.com/radio/Liberty-Entrepreneurs-Podcast-p805213/\nGoogle Play: https://play.google.com/music/listen#/ps/Iqp3bpqbhske6s6476yfy2yyylu\nPlayer.fm: https://player.fm/series/liberty-entrepreneurs