The Rise of Decentralized Exchanges in Shapeshift

Erik Voorhees joins me to explore the nature of decentralization.

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GUEST
Erik’s Twitter: https://twitter.com/ErikVoorhees
Erik’s Company: https://shapeshift.com/

PODCAST
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Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 How Do We Determine Decentralization?
00:06:09 Decentralization is Solely for Censorship-Resistance?
00:09:24 Does Ethereum’s Pre-mine Prohibit its Decentralization?
00:13:08 The Ethereum Post-DAO Hack Fork
00:17:57 “Code Is Law”
00:22:07 Ethereum Is Not Money; It Is Liquid Venture Capital
00:26:50 Is Ethereum Market-Proven?
00:28:33 Is Decentralized Exchange a Valid Use Case?
00:35:43 The Indivisibility of the Bitcoin Social Layer
00:37:57 What is the Total Addressable Market for Ethereum?
00:41:00 The “Ultra-Sound Money” Narrative
00:46:33 The Store of Value Marketplace Dynamics
00:51:30 Is Lightning Network Decentralized?
00:56:53 NYDIG
00:58:00 What is Shapeshift?
01:04:22 Where is Shapeshift on the Path to Decentralization?
01:10:14 What are Decentralized Autonomous Organizations (DAOs)?
01:15:45 Current Law Does Not Contemplate the Existence of DAOs
01:19:10 Are Other Organizations Pursuing the Path of Decentralization?
01:23:09 The Governance Model of Shapeshift DAO
01:27:21 Why Not Build All DAOs on Bitcoin?
01:30:55 The Non-Coercive Politics of Decentralized Protocols
01:38:40 ICOs and Self-Regulation
01:43:19 Can Self-Regulation Work in Practice?
01:52:30 What is the Utility Value of Ethereum?
01:59:23 What is the Endgame of Bitcoin and Decentralization?

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