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
 
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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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