Erik Voorhees on Turning ShapeShift Into a Decentralized Autonomous Organization

Crypto pioneer and ShapeShift founder Erik Voorhees comes on the podcast to talk about his most radical decision to date: decentralizing ShapeShift fully into a decentralized autonomous organization (DAO). We talk the company's history, and how regulatory issues caused significant issues, and how new decentralized exchange architecture allowed for a shift to something more sustainable. We also talk the decision to then get rid of the entire corporate structure and move to a full DAO model, along with what exactly that would look like. Finally, we go over some of the complexities and challenges facing a DAO model and whether or not the current ShapeShift team, including Erik, are ready to face them head-on. Donate - Sponsors Thank you so much for listening! Please leave a tip if you enjoy the content, either here or via any of the cryptocurrency addresses in my CoinTree link. You can also send a message with a CoinTree donation. I'd love to hear from you! Thanks to my recurring donors both anonymous and otherwise! - https://cointr.ee/thedesertlynx Support us by checking out our sponsors! Want to live on crypto? Create a Bitrefill account with the coupon code “DCN” and pay mobile bills or buy gift cards from more than 1650 businesses in 170 countries quickly and privately, and earn rewards. - https://www.bitrefill.com/buy/?code=DCN Buy anything you want in the world, even rare items, with crypto by using ShopInBit’s concierge service. - https://shopinbit.com/en/conciergeservice-ordering-service?sPartner=joel If you're tired of YouTube and other platforms censoring and demonetizing creators, what are you waiting for? Join Odysee! - https://odysee.com/$/invite/@DigitalCashNetwork:c Protect your privacy online, sign up to NordVPN with the promo code DCN and get 68% off, plus an additional month free! - https://nordvpn.org/dcn If don't want search engines like Google controlling your search results and selling your information, join Presearch and get paid to search! - https://presearch.org/signup?rid=865012 Music from https://www.zapsplat.com