The company was founded July 1, 2014 in Switzerlandby Erik Voorhees. Feb 18, 2020 at 9:46 a.m. UTC Updated Mar 9, 2020 at 1:21 p.m. UTC. Voorhees hopes that ShapeShiftâs new app will increase the number of transactions that happen on the platform. The coronavirus, and the economic crisis that's happening as a result of it, will accelerate the timeline on which the alternative is needed. He was forced to settle the charges, paying a fine and disgorgement on the millions of dollars he had illegally made from the offering. Follow Erik Voorhees on Twitter. “Everyone wants to be secure, but they often won't spend the time to do it or to learn about it,” he said. Weâre currently in process of confirming all details such ⦠These are the words of Erik Voorhees, the CEO of crypto financial exchange ShapeShift. “But, generally, when you're trying to build things for consumers, the simpler something is, the better the technology,” he says. Basically, the idea that you should be able to control your assets, and have full unilateral ability to send and receive with any other person on earth.” Cryptocurrencies allow you to do that. As an early adopter of Bitcoin, he saw a way to make financial transactions without using fiat currency. Interview: Erik Voorhees - CEO of Shapeshift. Erik Voorhees understands Bitcoin as one of the most important inventions ⦠They are ending KYC, and customers will now trade with decentralized protocols. Erik Voorheesâs height and weight. “Portis is the easiest for all the various applications and services in the DeFi ecosystem,” said Voorhees. Not once, not twice, but three times in less than a month. Bitcoin Has Fallen More Than 50% From Its All-Time High—What’s Next? “That was the angle from which we approached Portis when we added it to ShapeShift.”. Some of his projects have ⦠Tom Teman and Scott Gralnick, founders of Portis Wallet. I write about Bitcoin, blockchain, and related topics here and at Cryptographic Asset. Read writing from Erik Voorhees on Medium. Erik Voorhees is the Founder and Chief Executive Officer of ShapeShift, an instant exchange for digital assets. This is self-sovereign finance. This practice which is forced on companies is not only ineffective, but also unethical and dangerous. The acquisition means that. This is the story of how ShapeShift, a leading blockchain asset exchange platform, was betrayed. ShapeShift used to be the go-to place for anonymously transferring between cryptocurrencies. He previously founded Satoshi Dice, Voorhees' company SatoshiDice has been criticized for its high level of gambling traffic, which vastly increased the amount of data stored in the bitcoin "block chain". My name is Erik Voorhees. “If you brought it up, people would recall stories of the Weimar Republic,” he said, mentioning Zimbabwe’s 2007 hyperinflation crisis, too. “It leads to disaster. Toward peace, markets, and Bitcoin. And for the protection and dignity of our customers, ShapeShift ⦠The acquisition means that Portis users will see the capabilities of their wallets enhanced in the coming months, creating seamless experiences in crypto-to-crypto trading, as well as enabling the instant purchase of Bitcoin, Ethereum, and USDC from a debit card. In March 2015, it received a US$525,000seed-stageinvestment by Roger Verand Barry Silbert. 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Voorhees is recognized among the top serial Bitcoin advocates and entrepreneurs, understanding Bitcoin as one of the most important inventions ever created by humanity. You may opt-out by. Speaking about the time when the Securities and Exchange Commission (SEC) charged him for publicly offering shares without registering them, Voorhees said: âit was a total garbage non-crime and I had to deal with them for close to a year, ⦠And I've been working with them now for the last few months on this.”. As a regular contributor at fintech-focused websites since 2012, I’ve interviewed executives at banks, household blockchain brands, and a Federal Reserve Vice President. Erik Voorhees⦠The fact that it was not reliant on any sort of special server hardware module or anything like that, it was just pure client side encryption of keys done in an elegant way that a user can access with an email and a password.”, I write about Bitcoin, blockchain, and related topics here and at Cryptographic Asset. ShapeShift CEO Erik Voorhees. Erik has 5 jobs listed on their profile. Start earning today! “It was smooth, it worked. Voorhees sat down with Cryptonites host ⦠Create a verified account & get 100 FOX Tokens to start ⦠“And then, in terms of self sovereignty, this is largely a point about self custody. Erik Voorhees discusses the battle ShapeShift has fought over the past few years, and what the whole crypto space will face going forward. “The solution to economic problems is to print money; that's what all these people say,” he laments. 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. Although the hacks were a serious hit to the exchange, CEO Erik Voorhees claims ⦠It did not cause any kind of spike in customer support issues.” The ShapeShift team was very impressed with what Portis built, for it’s really well engineered. Author: Kyle Torpey Publish date: May 18, 2016. But ShapeShift said âno more.â They are ending KYC, and customers will now trade with decentralized protocols. I've been in crypto since 2011, having worked as Head of Marketing at BitInstant, Founder and CEO of SatoshiDICE, CEO of Coinapult, and for the past three years, I've been CEO of ShapeShift, which is the world's fastest and easiest digital asset exchange (with no user accounts! In 2014, the U.S. Securities and Exchange Commission (SEC) charged ShapeShift founder Erik Voorhees with offering unregistered securities. Opinions expressed by Forbes Contributors are their own. “And Portis’ login flow is just so elegantly done. Credit: ShapeShift. “But, how many people are asking, Inject it from where? Unlike exchanges that hold your funds, with ShapeShift your private keys to control your crypto are held by you alone. In 2018 a surprise move shocked the crypto community: ShapeShift was forced to run advanced surveillance on users, like all other exchanges. CEO ShapeShift.com. “That's the kind of model that people should expect when it comes to money, not just information,” he said. In some circumstances, that might be okay. The future is decentralized, and ShapeShift is embracing it. to allow people to use ShapeShift.com without a hardware wallet. It is warrantless collection and surveillance of personal, private information of innocent individuals. Erik founded ShapeShift in August 2014 as an elegant, secure, and fast solution to digital asset exchanges. And, it felt as easy as a custodial solution, but it was fully noncustodial. After working with Charlie Shrem on BitInstant, he moved on to found and run ShapeShift in 2014, a digital asset exchange that held off on requiring KYC from its customers until October 2018. “It doesn't matter where they were born, it doesn't matter what passport they hold, it doesn't matter what country they're in, it doesn't matter what race or gender they are,” he said. “Portis is the easiest for all the various applications and services in the DeFi ecosystem,” said Voorhees. In 2014, the U.S. Securities and Exchange Commission (SEC) charged ShapeShift founder Erik Voorhees with offering unregistered securities. And people will be horrified that it was ever believed that you could print money to create prosperity.”, He evokes last week's headlines: the Federal Reserve injects $2.3 trillion into the economy. Includes best affiliates, content platforms, merchant tools and more. I think there should be some custodians, but I think too many people use them and so we ⦠ShapeShift has been a pioneer in the crypto industry since 2014 and weâve maintained fidelity to one core principle: giving our users complete control over their digital assets. 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. âBecause of this fundamental change to our business model, Shapeshiftâs users no longer need to provide personally identifying information to us,â Voorhees said at the time. Send, receive, trade, and hold - safely and easily. Then years later in January 2021, Shapeshiftâs CEO Erik Voorhees announced the exchange would be dropping KYC rules. Voorhees doesn’t think that people will seek out security if it takes much effort. On March 8, ⦠Even several of the decentralized exchanges have been imposing KYC as well. “This is what the real alternative is to all this financial witchcraft. users will see the capabilities of their wallets enhanced in the coming months, creating seamless experiences in crypto-to-crypto trading, as well as enabling the instant purchase of Bitcoin, Ethereum, and USDC from a debit card. Ask Erik Voorhees, an American entrepreneur known for his work with crypto exchange and products firm ShapeShift, and crypto gambling website SatoshiDICE (which oversaw millions of Bitcoin worth of bets at its time in 2013) in a previous role as founder. Erik Voorhees is the creator and CEO of the instant bitcoin and altcoin exchange ShapeShift.io, having founded and operated it under the alias Beorn Gonthier, until revealing his true involvement with the company, as part of a seed funding announcement, in March 2015.. Bitcoin Startups. Erik Voorhees: Any path that a company goes down is not decentralized by definition. Decentralized finance (DeFi) has gained many supporters over recent months, Voorhees being one of them. 5 min read. Erik Voorhees discusses the battle ShapeShift has fought over the past few years, and what the whole crypto space will face going forward. , which offers crypto trades with zero commissions and the buying of crypto assets with a debit card, is the best way to interact with this open, decentralized financial system. Voorhees is the founder and former CEO of Coinapult, a company that transfers bitcoin via SMS and email. FREE mobile-friendly PDF with over 45 legit resources to earn crypto! ). “It sounds so strong and muscular, it sounds stimulative and like it'll fix things,” said Voorhees. “To get people secure is a matter of making something so easy that they just tend to use it naturally.”. To all those who are in this industry, my advice is to stay focused, and build quickly, because the world is going to need this lifeboat very soon.”. Erik Voorhees (born 1985) is the founder and CEO of ShapeShift.io - an innovative and pioneering cryptocurrency exchange which allowed anonymous users to instantly exchange several pairs of cryptocurrencies. You never really understand a software until you start building with it, says Voorhees. Towards this end, ShapeShift announced today it acquired Portis, an Israeli startup and noncustodial software wallet solution. Itâs Time to Fully Embrace Decentralized Protocols for the Protection and Dignity of Our Users. ShapeShift first integrated Portis in November 2019 to allow people to use ShapeShift.com without a hardware wallet. The recent hacks at ShapeShift, a sort of vending machine for altcoins, has been one of the biggest stories in Bitcoin for the past few weeks. The chief executive officer of ShapeShift, Erik Voorhees, is cementing himself as a fan of the DeFi space. As these basic services get built out, it allows the thesis that crypto will be an alternative to the traditional financial system to really bear out.”. In total, nearly two-hundred thousand dollars in cryptocurrency was stolen by thieves within and without, not to mention the significant resources expended in its wake. ShapeShift. “All the mainstream economists, everyone on Wall Street, and much of the public, is enamored and fully supportive of this idea that you can create wealth and prosperity by printing money.”, Twenty years ago, such a proposition was laughable. Within a generation, it will become very apparent that it was a disaster. © 2021 Forbes Media LLC. Erik Voorhees is co-founder of the Bitcoin company Coinapult, worked as Director of Marketing at ⦠Erik Voorhees, chief executive officer of cryptocurrency exchange ShapeShift AG, said in a . Visit NaomiBrockwell.com, subscribe to her YouTube channel, and follow her on Twitter. I've spoken at conferences such as Inside Bitcoins in Berlin and Las Vegas, and the Bitcoin Conference in San Francisco. Erik Voorhees, the CEO and Founder of non-custodial exchange Shapeshift, plays down the severity of selling unregistered securities.. Image: Cryptonites. ShapeShift Platform users will soon be able to log into and access several DeFi services seamlessly, under one account. Erik was most recently featured on the 2016 documentary, âBanking on Bitcoin.â “We're basically just trying to make self custody so easy and secure for people that they have no reason to use anything else,” he said. Erik Voorhees: Complying With BitLicense Would Have Made ShapeShift Hack Much Worse. It is not as clean cut that a decentralized exchange can avoid these issues and a centralized exchange cannot. This is a unique opportunity to enjoy a lunch with Erik Voorhees, founder & CEO at ShapeShift. He is an early adopter of Bitcoin that became one of the first public investors and innovators in the space. Hello Ethereum community! Towards this end, ShapeShift announced today it acquired Portis, an Israeli startup and noncustodial software wallet solution. “People started trying it out more in the 2008 financial crisis, and called it Quantitative Easing, which is an amazing twisting of words. Thereâs a lot of nuance to it and it depends a lot on the ⦠“It is a totally blind and agnostic system, and anyone can interact with it.” Similar to how the internet itself works, he says. âI am appalled and shocked,â says Erik Voorhees, founder of ShapeShift, a self-custody crypto platform. Get the ultimate guide to making money in crypto in 2021. View Erik Voorheesâ profile on LinkedIn, the worldâs largest professional community. See the complete profile on LinkedIn and discover Erikâs connections and jobs at similar companies. “You can log in with Portis, and then your wallet is with you wherever you're logging in,” he explains. He was forced to settle the charges, paying a fine and disgorgement on the millions of dollars he had illegally made from the offering. Erik Voorhees says the Fed's ability to print money out of thin air makes it like a pre-mined cryptocurrency. ShapeShift, the new platform is basically a way to interact with your crypto in a self-custody way. “That's an important task; that's what we focus on. In response to the Wall Road Journalâs investigation, Voorhees known as the report a method of pushing âan anti-crypto, pro ⦠And if there was any doubt whether or not ShapeShiftâs legal exercise is a symptom of the perverse ideology of its founders and benefactors, Erik Voorhees himself sees any try to carry him or his firm accountable as an assault on his ideology. “Portis had done such a good job of making it easy to log into a wallet with just a username and password,” said Voorhees. © Copyright 2013-2021 Coinivore - Latest Cryptocurrency News and Live Bitcoin Price Charts and Marketcaps, Yes, I Want my FREE Guide to Earning Crypto, Why is Bitcoin Valuable? “But, people should expect and understand how to use a financial system in a noncustodial, self sovereignty mode,” said Voorhees. Investors and consumers were treated to a spirited debated between two players in the crypto industry â Erik Voorhees and Peter Schiff. It's not like the Federal Reserve had $2.3 trillion of assets that it had saved up through prudent financial savings over time.”. Later, in 2018, the Wall Street Journal published an investigation into digital asset ⦠Erik Voorhees: Yeah, good! The auction winner will get the unique chance to meet Erik Voorhees and talk about "free market" and Bitcoin over lunch with one of the top-recognized serial Bitcoin advocates and entrepreneurs. Check out ShapeShift here. We just love that. “I am appalled and shocked,” says Erik Voorhees, founder of ShapeShift, a self-custody crypto platform. All Rights Reserved, This is a BETA experience. The event was hosted on July 2 nd in New York with the Soho Forum, which is a debate series that occurs every month in Manhattan. Instead of complaining, Voorhees wants the crypto industry to continue building the alternative financial system that is cryptocurrency, blockchains, and an open decentralized financial system, which he defines as a system to which anyone can connect, so long as they have a computer or phone.
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