Why ShapeShift's Erik Voorhees Thinks Toxic Bitcoin Maximalism Is Bullshit - Ep.258

Published: July 27, 2021, 7:30 a.m.

b'ShapeShift recently announced an intent to decentralize -- a move that would transition the one-time centralized exchange to a full-on DAO. Erik Voorhees, founder and CEO of ShapeShift, comes onto the show to talk about decentralizing the exchange, along with his thoughts on Bitcoin maximalism and crypto regulation. Show highlights:\\n why ShapeShift is decentralizing the company\\xa0\\n how ShapeShift used to work\\n what needs to happen for ShapeShift to decentralize\\n why user experience should not change during the transition\\n how the FOX token works\\n what parts of a company cannot be decentralized yet\\n how ShapeShift\\u2019s forthcoming foundation will function\\n how ShapeShift decided upon the allocations for the FOX token airdrop\\n why ShapeShift employee and shareholder FOX tokens are locked up for three years\\n what Erik\\u2019s role will be going forward\\n how ShapeShift plans to attract devs\\n why Erik believes FOX is not a security\\n how Erik wants the SEC to handle crypto\\n why he believes THORChain is one of the most critical projects in crypto\\n why he is opposed to Bitcoin maximalism\\n Erik\\u2019s thoughts on BitMEX\\u2019s and Binance\\u2019s regulatory issues\\n what he thinks about stablecoin regulation\\n Why Erik believes ShapeShift and Uniswap are not competitors\\n \\xa0\\n Thank you to our sponsors!\\n Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2\\xa0\\n Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero\\xa0\\n Conjure: https://conjure.finance\\xa0\\n \\xa0\\n Episode Links\\n Erik Voorhees\\n Twitter: https://twitter.com/ErikVoorhees\\n\\n Previous Unchained appearance: https://unchainedpodcast.com/shapeshifts-erik-voorhees-on-how-crypto-will-separate-money-and-state/\\n\\n ShapeShift: https://beta.shapeshift.com/\\xa0\\n Decentralizing\\n Tweet thread: https://twitter.com/ErikVoorhees/status/1415339998740508674\\n\\n Blog post: https://erikvoorhees.medium.com/shapeshift-is-decentralizing-639bb4c82fc8\\n\\n Airdrop info: https://shapeshift.com/shapeshift-decentralize-airdrop\\n\\n FOX token contract: https://etherscan.io/token/0xc770eefad204b5180df6a14ee197d99d808ee52d\\xa0\\n CoinDesk write-up: https://www.coindesk.com/shapeshift-to-shut-down-airdrop-fox-tokens-to-decentralize-itself-out-of-existence\\xa0\\n FOX token analysis: https://www.coindesk.com/shapeshift-fox-token-rally-yield-play-daos\\xa0\\n Other\\n THORChain: https://erikvoorhees.medium.com/an-introduction-to-thorchain-for-bitcoiners\\n\\n Getting booed at Miami BTC Conference: https://twitter.com/finematics/status/1401498099441405953\\n\\n Paxos stablecoin blog: https://www.paxos.com/a-regulated-stablecoin-means-having-a-regulator/\\n\\n Circle reveals reserves: https://www.theblockcrypto.com/linked/112001/circle-reveals-majority-of-usdc-reserves-are-in-cash-and-cash-equivalents\\xa0\\n CFTC and BitMEX: https://www.cftc.gov/PressRoom/PressReleases/8270-20\\n\\n \\nLearn more about your ad choices. Visit megaphone.fm/adchoices'