Erik Voorhees: Transitioning To a World of Digital Finance (w/ Raoul Pal)

Erik Voorhees, CEO and founder of Shapeshift.io, joins Raoul Pal, Real Vision CEO, to discuss Shapeshift, the transition to a digital currency world, and some of the most exciting projects in crypto. Voorhees shares that Shapeshift was created when he realized that, for the industry to grow, people needed an easy way to swap between digital assets. He believes that society is actively transitioning from an analog fiat system of finance to a digital currency and blockchain one, and he has worked to support this transition with Shapeshift. Voorhees thinks that decentralized exchanges like Uniswap are some of the most important projects being built in crypto today, explaining that it’s critical to be able to trade in a decentralized and permissionless way. Filmed on January 20, 2021.

Key Learnings: The crypto ecosystem is still very young, but society is actively transitioning its financial systems to it. In order for this transition to happen fully, the sector needs to develop permissionless and decentralized infrastructure such as decentralized exchanges. These noncustodial exchanges are valuable to the security and permissionless nature of the system as a whole.
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Erik Voorhees: Transitioning To a World of Digital Finance (w/ Raoul Pal)
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For the transcript visit: rvtv.io/TheInterview
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[@Steininger_Art]

In 2014 I was commissioned by Shapeshift to do some Bitcoin art and paid in btc. The value has gone from being able to buy me an iMac then to a house now. Still hodling.

[@Leo-sm1vl]

Erik is a legendary og, listen to him closely

[@williambach8087]

One of the best interviews yet. It was because of interviewees verbal clarity that stole the interview. Very few people can express themselves with such clarity. He would have been a very good teacher/professor. Well done!

[@derekbueckert5157]

This was the best video I have watched in months. I loved the logical breakdown of the big picture. Thanks Raoul and Erik.

[@timdemorais1]

Erik is one of the most knowedgeable guys in the Crypto / Digital space. Seems like a nice guy also.

[@ijonaskisselbach6758]

I love listening to Erik Vorhees. Always displays a pragmatic and wise mindset to the crypto space. Thanks for posting this video.

[@robertk7660]

This is one of the best conversations about crypto I've ever seen. Thank you Raoul & Erik for the fantastic content!

[@simonb7048]

the way Raoul pops up in the ad part always scares the living shit out of me, it's so sudden...

[@rnegs8472]

Not a very pleasant way of advertising as I am not ready for it

[@brianc4722]

🤣🤣🤣🤣

[@bena2591]

Lol! Yup! It is especially confusing when he interrupts himself! ;)

[@jituteron]

And due to this sudden assault, I can't get the theme music out of head now, running it over and over for days :D

[@Blocktelligence]

Erik is a super smart dude! Part of the reason I got into crypto and am so thankful. Recently had the honor of having him shout out a video of mine. Totally stoked!

[@sw34rf]

Best episode yet! “a clearer mirror”

[@tomglenn3182]

Erik - thank you for your efforts to deliver humanity towards change and better ment for all

[@minadecorso8835]

I love Eric. I watched Rise & Rise of Bitcoin and Banking on Bitcoin. Two documentary shows about bitcoin. He was in that documentary. That was the first time I heard about bitcoin. Eric knows so much about bitcoin and crypto. He really care about the main Philosophy of Bitcoin and crypto. The financial freedom people should have.

[@timclifton5951]

I HAVE to respectfully point out that Erik’s comments on Govts having to acquiesce to Bitcoin and shrink are... naive. Do you think the power structures that run the world will relinquish that power? Really? One phrase answers: Central Bank Digital Currency... China is rolling out theirs right now and the u.s. has legislative proposals on record. All the power of central control ( no public ledger, programmed social algorithms, etc.) in the hands of either States or central banks. That, my friends, is the likely end state. True power never gives up or is displaced without a fight/bloodshed...

[@johnbarrett5229]

Yes but history has shown us that "true power" (the guys in charge at any given moment) can definitely be supplanted, ie replaced. Keep the faith Tim Clifton! : )

[@mooredann69]

Eric gave me my first bitcoin. An entire bitcoin, of which, I bought two hamburgers with. Humble and genuine guy, Eric is.

[@handyrams4822]

I'm a huge fan of Voorhees. Thanks for having him on.

[@wanasong5611]

Fascinating interview. Thank you.🌸

[@fivefoldfinancial283]

Great discussion Raoul, thank you for all the great education you do!

[@jeffmillar1833]

Eric seems like a really smart and deep dude. Great I interview, I learned a lot.

[@johnbarrett5229]

I think he's smart but far from deep.

[@clearvibrations8006]

Absolutely love your insights and love of life✨✨🧡✨✨

[@cameronfalder9672]

One of my favourite videos, Raoul can you get Erik back on the show?

[@Xactant]

Really enjoyed this interview and Erik's positive forward looking attitude. Was really struck by the insightful comment about ICOs. Erik is correct that most business fail and lose investor money but (unlike an ICO failing) this is rarely public or transparent.

[@GrumpyOldGuy777]

Great conversation, learned a lot. Thanks.

[@brianc4722]

I have only read Erik's tweets occasionally and been wonder who he is. Great Interview !!

[@rongent3410]

Brilliant episode, thank you.

[@emilegagnon7348]

completely amazing interview!

[@justin-fractionalhub5532]

This was Amazing, Eric has a brilliant mind for this stuff, I really enjoy he's Libertarian arguments, he's makes alot of sense to me.

[@timpeterson175]

One of the first guys I liked in the crypto space

[@tradingespanol5384]

Can somebody tell me why the wooden puppet from Goosebumps shows up in the left of the first second in the video? Like...why?

[@complicatedgordo]

He's so absolutely right about tribalism invading crypto. Thanks to you both for keeping open minds and understanding that it's super inefficient not to! I hope the rest of the Bitcoin community can learn to live by this too.

[@darrenw3601]

Outstanding interview

[@almor2445]

Great interview guys

[@omfgishBenneh]

It's like $XRP is the Voldemort of Crypto. He who cannot be named. 😂

[@swerve3001]

That’s the future of non-fiat crypto. Look at an exchange like coinbase and see the transaction features available in the US and compare those features to other countries. Sadly the SWIFT system has prevented many illegal transactions and have led to the tracking of past illegal transactions. Crypto-currencies allow for people to control the story behind what is on the ledger when it is read.

[@tommyluck19]

"You know who":-))))

[@Lex_Fur]

I miss the old background with the BAR, the POOL-TABLE and the DOGS. Please bring it back! Art is Cool, but what you had previously was better.

[@margarettodd682]

Perfect example of high IQ personal evolution in the decentralized crypto space. BTC was designed to naturally attract these types of people in the early days of its existence. I think everyone thinks they know everything about BTC past right now but as the future presents its self we will see more and more in the past the effects, properties and designs of BTC.

[@peterproga9811]

Fantastic explanation of Dex, i finaly get it, thx 👍

[@thenowfarmer]

Great discussion!

[@victoriamanley9961]

Great stuff. Erik amazing.

[@roncorbett2151]

Great interview! Full of info Really filled in the crypto saga Where we’ve been and where it’s headed. 😊 thanks

[@larryrob838]

Awesome exchange, thanks for sharing.

[@nolongerhave-couth4771]

If the electronic network that exists to enable a zoom meeting or a Bitcoin transaction requires no license, then why is a license required for a ham radio operator or mobile radios? What other things can be decentralized?

[@dquin2932]

Great info, thanks

[@passiveincome1092]

Now I have to look up Cosmos and Quant. Not to mention muti-chain communications. Haha thanks guys!!!

[@millyionnnn]

Another great interview!!

[@Jadusable]

Love it. Great interview as always!

[@pumpamentaIs]

Amazing podcast

[@wagmi3888]

simply fascinating talk.. why no comments, people?) everyone watching bitboy?

[@bobmccall9725]

ha! That’s funny.

[@DudeForSureMan]

😂🤣 good one

[@dwdwdw11]

Haha bitboy the "expert"

[@dquin2932]

Awesome thanks,

[@SatoshiConomy]

Erik is awesome! Thx Rao

[@AndreAndFriends]

Great. Thank you.

[@backToFreedom]

Great interview! Thank you

[@methylcobalamin1566]

I just have one question: what is the actual supply of ETH, and is it finite? 🙃

[@mikhelBrown]

It will soon be Maxi.

[@tomglenn3182]

Am I lucky enough to be first comment ? ---Wowwww! - Don't miss this one Y'all !!! - Real Vision - Raoul --You Rule !! This video in particular is such true perspective .

[@emmaevans7011]

It was interesting to hear conversation between Raoul and Peter Schiff. Such totally opposite views on crypto.

[@DonwanNaemoneur]

So good

[@Gloksic12]

The most obviously valuable invention. -Eric Voorhees

[@rachelgooden9981]

Wow Real vision gets all the top notch people come on their program for interviews

[@twoprimedigitalassets2474]

Great interview!

[@davidhoffmann7467]

Brilliant !

[@defistandard6868]

marvelous interview, long life to Erik!!!

[@TheEmanep]

In the same way that we balk at how the Elizabethans used lead paint on their faces, people from the future will look at us and balk at how we stayed in this analogue fiat system for so long.

[@Specsy]

Real vision💯

[@lianlight8447]

man what great talk, incredible for perspective. injective protocol is next, decentralized derivatives trading

[@johnbarrett5229]

At 19:56 Eric meant "Paradox" not "paradigm". : )

[@NormBa]

"Money is not the sum total of financial interaction." Yes. You need a bond market for instance. This was a great segue for RP to have spoken up as a bond market aficionado in terms of how a BTC world reprises, addresses or supplants the bond market function.

[@hjb8505]

Great to hear we're moving to dexes and interoperability. Made my bet in that exact area! How to select the winning team? Throughput? AVAX, COSMOS, POLKADOT, QUANT?, ...

[@Grumpyfrump]

The idea of Bitcoin actually shrinking government over time is incredible.

[@vbcham]

Thanks chaps.

[@kevindsz]

No mention of ADA?

[@cephii6490]

The NFT’s could ultimately be applied to used cars and houses. Decentralized real estate is likely coming a lot faster than the “realtors” currently imagine.

[@hussghazi1]

Hope so, that's one market that's sorely needing disruption.

[@phillipgeorge8147]

Loved this chat 😎😎

[@Brian-tc7ii]

This type of thinking is what will change the world. The struggle is real, power won't hand over power. It will be a fight over time. Bitcoin and Blockchains don't shut down. Just time...

[@leonmoore9848]

Great interview. Anyone watching this that is new to the space (or old) you have to look into CARDANO.......it is a game-changer and if you want to see real change in the developing world with real use cases on government scale and banking the UN-BANKED, Cardano is the 1 real ecosystem that has it all. It's time for the emerging markets to come to the table and this is the vehicle that will bring them here. Africa is the next technological supernova that is going to explode CARDANO has positioned itself to be the catalyst for this. LOOK INTO IT BEFORE ITS TOO OBVIOUS.

[@web2yt488]

In these sensitive times, yes.

[@jontakaki503]

Surprised to see no comment. Was looking for interesting crypto discussion as all we see these days are a bunch of idiots with vocabulary limited to: big pump, to the moon, big dump danger, last chance to buy under, 100x coins. Thank you for providing a bit of sanity.

[@germanshepard7749]

Central bankers never going to allow cryptos to exist outside their system.

[@johnbarrett5229]

Your assumption is based on your belief that the central bankers are infallible. In fact it is their greed that makes them fallible. Don't know what fallible means? Look it up lazy bones!!! : )

[@twowheeldawg1190]

When he starts talking about DEXs at 25:41 he is describing the world’s first true layer 2 DEX which is what Stakenet is releasing within a month.

[@tg8603]

Good shit

[@tomglenn3182]

Hell , I'll be second then ,- wishing peace and love around our world for all being

[@tobias3383]

Thorchain is a beast! Can't wait to see it launch!

[@lokijordan]

Fun talk. But, I wonder how many Bitcoin Voorhees spent on that Jeep in '13?

[@danbradbury1183]

Exelente 🤗🇬🇧❤️

[@pixiepeterson757]

this guy is bang on visionary the guest that is

[@DjangoVonShaft]

Why did he not say Cardano??? He skipped over the number 3 coin for Cosmos and Polkadot... was that purposely?

[@symbiot5984]

What does Raoul Pal think of the prospects of Silver investments for the Med/Long term.

[@BootsOfLeather]

Let's Go!

[@Cabanas751Dunhill]

Gold - it wasn't the whole country it was literally only for the FEDERAL portion which the people mistakenly for the most part sent their gold in even when they were not required

[@emlortnoctonod8401]

When are stopping to do 2 things: 1 to talk about Bitcoin, we should start talk in terms of Satoshi, 2 stop talking about experiment and we start to use the word new model.

[@rohitjayasheel]

Fantastic listening to Raoul and Erik

[@lc285]

It is curious Bitcoin price is pinned against the dollar. Yet, if you want your dollar profits, its almost impossible to withdraw the dollars. Where do all those dollars go?

[@at9048]

Shapeshift was the first place I purchased XRP in 2016

[@IamtheRealrexman]

The four thumbs down are from the Winklevii, Peter Schiff and Nouriel Roubini lol

[@namastestx]

O.K., I'm going to buy subscription....I only seem to get on youtube to watch Raoul...sheesh! lol

[@OnSiteTrav]

When Erik drops Monero. He knows.

[@dwdwdw11]

Jason's crypto expert brother!:)

[@SportsIncorporated]

I was listening to a Fed governor. Private currencies have existed in the past (in the US). Isn't that stateless money.

[@johnrgoodman]

What is your view on hashgraph

[@rainmagic1]

What will be the ramifications of Central Bank Digital Currency

[@NHgoldendragon]

Damn. I was at FSP events back then and I missed the boat. Go New Hampshire! Live free or die. Liberty in your lifetime.

[@mice-elf]

Decentralized finance FTW!

[@borcic01]

If btc is an stateless currency, why is so attached to the US stock market??? Explain this to me 🙏