Crypto Devs Are "Building a Life Raft For The World After Fiat Falls Apart:" Erik Voorhees

In today’s episode, I speak with Erik Voorhees, long-time crypto advocate and founder and CEO of ShapeShift. Voorhees has been in crypto since 2012 and first learned about Bitcoin through his involvement in the Free State Project.

The idea of peer-to-peer money, where each individual is in control of their assets, appealed to his libertarian beliefs. Fast forward a couple of years later and he was founding ShapeShift, a non-custodial exchange. So the decision to add KYC to the platform in 2018 was especially tough. In this interview, he talks about how he was able to stop gathering information about his customers and take the exchange back to its roots, by leaning into DeFi. His plan is to create a platform that connects with all of the different DeFi applications, starting with decentralized exchanges.

Voorhees holds probably the boldest view of anyone who has come on this podcast. He thinks we will see the collapse of the US dollar within our lifetime. He argues the level of US debt and continuous erosion of the currency is untenable. When this happens an entire financial ecosystem built on open, immutable blockchains will be the solution. He believes today’s developers aren’t just building a product for their customers. They’re building a life raft for the world after fiat falls apart.

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Edit by Alp Gasimov
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