"Not the community where I come from"

Erik Voorhees, the founder and CEO of ShapeShift, revealed in a podcast that he felt embarrassed and disgusted by the behavior of Bitcoin...



Erik Voorhees, the founder and CEO of ShapeShift, revealed in a podcast that he felt embarrassed and disgusted by the behavior of Bitcoin maximalists during the Bitcoin 2021 conference in Miami.

A Bitcoin OG that can see some merit in altcoins, Voorhees spoke during a panel during second day of the Miami conference in June. He caused a stir when he said, “Did I hear anyone in that previous panel say ‘If you’re against toxic maximalism, you’re against Bitcoin and you’re against freedom? “… Yeah, that’s bullshit.”

The CEO of ShapeShift extended on those comments in a July 27 interview on the Unchained podcast hosted by reporter Laura Shin. The 35-year-old Bitcoiners criticized Bitcoiners who believe that toxic behavior such as bashing supporters of other cryptocurrencies is good for BTC:

“They started to think that looting these people is a virtue and that it helps Bitcoin. Frankly I think it’s just a little gross and I was embarrassed.

He added, “These people were on stage to talk about the virtues of toxic maximalism. I don’t know when they got into Bitcoin, but that’s absolutely not the community I come from in Bitcoin. ”

Vorhees a speak forward against toxic maximalism, but told Shin that the Miami conference was the first Bitcoin conference he attended that he was “embarrassed by the people who were there.”

He said that if there is a real enemy of Bitcoin and toBitcoin maxis, it is “central banks, banks and fiat money” and not the “Dogecoin or Ethereum community”.

ShapeShift is a non-custodial crypto exchange operated from Denver and headquartered in Switzerland. The platform announced full integration with Cross chain DEX THORChain in April which enabled direct trading of Bitcoin, Ether, and Litecoin. However, THORChain suffered two multi-million dollar breaches from hackers this month, as well as a third minor breach.

Related: ShapeShift to decentralize entire company, plans biggest airdrop in history

Cointelegraph reported on July 16 that Thorchain shut down after hacker stole $ 7.6 million in crypto assets, and last week a hacker with an apparent white hat stole $ 8 million worth of ETH.

Voorhees conceded that the exploits show that ThorChain still has a long way to go, but the fact that it can provide a chain-independent DEX is “a huge development for the industry.”

“THORChain is brand new early software and they recently had some pretty excruciating bugs. At the moment, the channel is offline. So it’s not a panacea and it’s not ready for prime time, but it works. It works with real money and it’s in nature, getting better and better every week.