Erik Voorhees, the founder and CEO of ShapeShift, has revealed in a podcast that he felt embarrassed and disgusted by the conduct of Bitcoin maximalists at the 2021 Bitcoin convention in Miami.
A Bitcoin OG who can see some benefit in altcoins, Voorhees spoke on a panel throughout day two of the Miami convention in June. He precipitated a stir when he mentioned “Did I hear someone on that prior panel say ‘If you’re against toxic maximalism, you’re against Bitcoin and you’re against freedom?’… Yeah, that’s some bullshit.”
The ShapeShift CEO expanded on these feedback in a July 27 interview on the Unchained Podcast hosted by journalist Laura Shin. The 35-year-old slammed Bitcoiners who consider that poisonous conduct comparable to trashing proponents of different cryptocurrencies is an effective factor for BTC:
“They’ve spun themselves up into thinking that trashing these people is a virtue and it’s helping Bitcoin. Frankly, I think it’s just kind of disgusting and I was embarrassed.”
He added: “These people were on stage talking about the virtues of toxic maximalism. I don’t know when they got into Bitcoin, but absolutely that is not the community that I come from in Bitcoin.”
Vorhees has spoken out before against toxic maximalism, but told Shin that the Miami conference was the first Bitcoin conference he’s been to in which he was “embarrassed about the people who were there.”
He acknowledged that if there’s a real enemy to Bitcoin and toBitcoin maxis, it’s “central banks, banking and fiat currency” and never the “Dogecoin community or Ethereum community.”
ShapeShift is a noncustodial crypto alternate operated out of Denver and headquartered in Switzerland. The platform introduced a full integration with cross-chain DEX THORChain in April which enabled direct buying and selling of Bitcoin, Ether, and Litecoin. Nonetheless, THORChain has suffered two multi-million greenback breaches from hackers this month, together with a 3rd extra minor breach.
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Cointelegraph reported on July 16 that Thorchain got here to a halt after a hacker stole $7.6 million price of crypto belongings, and final week an obvious white hat hacker stole $8 million price of ETH.
Voorhees conceded the exploits present that ThorChain nonetheless has an extended technique to go, however the proven fact that it could present a DEX that’s chain-agnostic is a “huge development for the industry.”
“THORChain is very new early software and they’ve had a few pretty atrocious bugs recently. Right now the chain 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 out in the wild getting better and better each week.”