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
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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/
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