Description

Today’s guest is Erik Voorhees, Founder and CEO of Shapeshift.io, the best way to exchange digital tokens on the Internet.

I met Erik in Panama City, Panama in 2013 because he had a Bitcoin sticker on his laptop while posted up working at the NY Deli Bagel Cafe in El Cangrejo. I was working for Peter Schiff’s Euro Pacific Bank and had just heard Erik on Peter’s radio show.

I was amazed at how eloquently Erik could communicate the benefits and value of Bitcoin as well as why it should be embraced by every person who supports “free market money” (Gold/Silver). Unfortunately, Peter Schiff wasn’t able to (and still doesn’t) grasp the paradigm shift and advancements in money created by Bitcoin and blockchains.

Since his [Erik’s] entry into Bitcoin around 2010, he has either built or helped build several cryptocurrency companies including SatoshiDice, BitInstant, Coinapult and his most recent project Shapeshift.io. Tune in to hear how a fundamental understanding of money and freedom was instrumental in all of Erik’s business ideas.

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Meet the hosts

Ashe Whitener is the founder and host of the Liberty Entrepreneurs Podcast which aims to provide an alternative perspective to achieving individual freedom through the creative, entrepreneurial process rather than through the tried and failed process of politics. Ashe has two BS degrees in Engineering and is also an original member of Peter Schiff’s Euro Pacific Bank where he is currently the Head of Business Development. Much of Ashe’s experience has come during his time living in Panama and he continues to consult global teams on various projects including tech startups and offshore asset protection.

discussions

  • It appears to me that one of the biggest drawbacks to the current model of cryptocurrencies is the lack of reversibility in transactions. Historically, third parties such as banks have enabled transactions to be reversed, such as refunds or guaranteeing purchases. I think that if cryptocurrencies want to avoid third parties as much as possible, they should adopt a method for reversing transactions for the purpose of dispute resolution. Thoughts?

    Jump to Discussion Post 2 replies
  • Hello, I’ve become quite keen on Jeffrey Rogers Hummel views on inflation. https://fee.org/articles/governments-diminishing-benefits-from-inflation/ That governments don’t get as much cash money as they used to from Seigniorage(money printing)…becuase of some details of the modern banking system. Hummels view is that the US Gov is more likely to actually default on it’s bonds than print it’s way out of it’s financial problems as so many of us libertairans often predict. Any way…. how are people actually calculating the revenue states are getting from seigniorage? There is constant mention to specific statistics in his works on what revenue governments make from printing money…but how are economists attempting to calculate this so exactly? “Almost none of the developed countries could boast seigniorage amounting to more than 1 percent of GDP, despite the fact that the study incorporated the inflationary years of the 1970s. Joseph H. Haslag’s smaller sample of 67 countries over a longer period, 1965 to 1994, finds that seigniorage averaged about 2 percent of total output for the entire sample, ranging from as low as 0.25 percent to as high as 9.98 percent (for Ghana).” However, I’m not smart enough to figure out how this is being calculated? When I Google — I see Seignoarge defined as the cost to money vs what the money is worth. (if it costs 1cent to print a dollar bill than Seigorage is 99cents). Pennies have negative seigniorage — cost the Gov more to mint than 1 cent.) But for the point Hummel is making it seems like a more sophisticated calculation? How did people figure out that for example in WW2 seignorage was 6%? Perhaps this is rather obvious? Thanks! –Luke

    Jump to Discussion Post 2 replies
  • Bitcoin has drawn quite a bit of attention in the mainstream media since this story broke out a while back on the bitcoin forums and reddit. Are any of ya’ll taking this seriously or just looking at it as a buying opportunity?   Associated article (one of many):   Forbes   http://www.forbes.com/sites/jasonbloomberg/2016/01/18/something-rotten-in-the-state-of-bitcoin/#2715e4857a0b321bf5be4650

    Jump to Discussion Post 9 replies
  • Our new startup has a simple idea behind it – hosting that is private, anonymous, and free from censorship. I could spend a long time trying to explain it,… instead, please take a look at our video and site, and tell us what you think of it. https://www.decentralhost.in/modules/portal/index2.php

    Jump to Discussion Post 4 replies
  • Hi, Do you have any recommendations for a Bitcoin wallet on Android? Ideally it’d be simple and intuitive enough for beginners to use. Also, is a different wallet required for every AltCoin (e.g. LiteCoin, etc)? Or are there wallets that can handle different AltCoins? Thanks

    Jump to Discussion Post 7 replies