An Inquiry into Decentralization with Erik Voorhees (WiM083)

Erik Voorhees joins me to explore the nature of decentralization.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

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

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
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?

SOCIAL
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22​

WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true

RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217
Put your Bitcoin to work. Earn up to 6% interest back on Bitcoin with Tantra: https://bit.ly/3CFcOmg
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/
Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/
Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22