Empire

Crypto’s Undeniable Use Case | Erik Voorhees

Jul 25, 2022

Erik Voorhees, founder of Shapeshift and a veteran in the crypto world, shares his insights on the transformative power of cryptocurrency. He discusses Bitcoin's potential as the best form of money amidst economic instability and the future of decentralized finance. The conversation touches on the importance of DAOs, the risks of Bitcoin's tail emission, and why institutional adoption is crucial. Erik also highlights the innovative nature of the crypto space and the need for balanced regulation to foster growth.

01:04:52

Episode guests

Erik Voorhees

AI Chapters

Episode notes

Intro

4min

Bitcoin's Evolving Role and Future in Finance

23min

Long-Term Value of Bitcoin Over Fiat Currency

2min

Navigating Economic Instability: The Shift Towards Cryptocurrency

5min

Navigating the Future of Money: Hopes and Challenges

2min

Navigating the Future of Cryptocurrency and Governance

25min

Exploring Regulatory Perspectives in the Crypto Space

4min

In this episode of Empire, Jason and Santi are joined by Erik Voorhees, the founder of Shapeshift and OG of the crypto industry (joining in 2011). Erik believes crypto can change the world, and this episode explores his thesis on Bitcoin's future, on-chain maximalism, DAO structures and crypto's path to adoption.

Highlights include:

- What is the best form of money

- Bitcoin's tail emission risk

- How DeFi will outperform CeFi

- Will all financial transactions be on-chain?

- The likely path to adoption

- Why DAO failures are a sign of innovation

- Thoughts on regulation

- The future of centralized exchanges

- Why Thorchain is a gamechanger

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(00:00) Introduction

(01:32) Moving Beyond Bitcoin

(03:50) Bitcoin Is The Best Form of Money

(05:34) Bitcoin's Declining Block Subsidy

(11:13) Woke Culture vs Bitcoin Maximalism

(12:50) The Bifurcation of CeFi and DeFi

(16:18) Limits to DeFi's Growth

(22:50) Why Users Will Want To Use DeFi

(26:50) A Short and Long Term Vision of the World

(28:48) Paraswap Ad

(29:56) The Path to Adoption

(35:38) Is The Worst Behind Us?

(37:22) Erik's Current Focus

(38:38) DAO Structures and Experimentation

(46:08) A DAOs Most Important Use Case

(49:30) Iterative Regulation

(55:54) Centralized Exchanges

(57:05) Thorchain's Use Case

(58:48) Advice To New People In the Space

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.