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

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:

why ShapeShift is decentralizing the company 

how ShapeShift used to work

what needs to happen for ShapeShift to decentralize

why user experience should not change during the transition

how the FOX token works

what parts of a company cannot be decentralized yet

how ShapeShift’s forthcoming foundation will function

how ShapeShift decided upon the allocations for the FOX token airdrop

why ShapeShift employee and shareholder FOX tokens are locked up for three years

what Erik’s role will be going forward

how ShapeShift plans to attract devs

why Erik believes FOX is not a security

how Erik wants the SEC to handle crypto

why he believes THORChain is one of the most critical projects in crypto

why he is opposed to Bitcoin maximalism

Erik’s thoughts on BitMEX’s and Binance’s regulatory issues

what he thinks about stablecoin regulation

Why Erik believes ShapeShift and Uniswap are not competitors

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero 

Conjure: https://conjure.finance 

Episode Links

Erik Voorhees

Twitter: https://twitter.com/ErikVoorhees

Previous Unchained appearance: https://unchainedpodcast.com/shapeshifts-erik-voorhees-on-how-crypto-will-separate-money-and-state/

ShapeShift: https://beta.shapeshift.com/ 

Decentralizing

Tweet thread: https://twitter.com/ErikVoorhees/status/1415339998740508674

Blog post: https://erikvoorhees.medium.com/shapeshift-is-decentralizing-639bb4c82fc8

Airdrop info: https://shapeshift.com/shapeshift-decentralize-airdrop

FOX token contract: https://etherscan.io/token/0xc770eefad204b5180df6a14ee197d99d808ee52d 

CoinDesk write-up: https://www.coindesk.com/shapeshift-to-shut-down-airdrop-fox-tokens-to-decentralize-itself-out-of-existence 

FOX token analysis: https://www.coindesk.com/shapeshift-fox-token-rally-yield-play-daos 

Other

THORChain: https://erikvoorhees.medium.com/an-introduction-to-thorchain-for-bitcoiners

Getting booed at Miami BTC Conference: https://twitter.com/finematics/status/1401498099441405953

Paxos stablecoin blog: https://www.paxos.com/a-regulated-stablecoin-means-having-a-regulator/

Circle reveals reserves: https://www.theblockcrypto.com/linked/112001/circle-reveals-majority-of-usdc-reserves-are-in-cash-and-cash-equivalents 

CFTC and BitMEX: https://www.cftc.gov/PressRoom/PressReleases/8270-20

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