Recently, Erik Voorhees, CEO of ShapeShift, discussed about Bitcoin and the evolution in the past 10 years and the survivor of space for a long time, during a discussion with Naomi Brockwell on YouTube.
The CEO of a major cryptocurrency exchange has had a history of planning that has been eliminated or not. Voorhees admitted that many companies had disappeared in the last decade.
He cited the example of Mt. Gox, which was the largest trading exchange for Bitcoin and Silk Road, the famous online black market. He said:
“I mean Mt. Gox was starting to have lots of problems and it was clearly on the downturn. When that blew up, you know, that could have been seen a mile away. Silk Road was always a hugely risky operation, which ultimately did get shut down but of course that model live on and there are many more dark net markets at this point.”
Voorhees said it was interesting to see companies that have continued to survive in this market. He cited the example of Coinbase, which represents $ 3 million in Series E funds, valued at $ 10 billion for more than five years and recently raised. So he added Bitpay and Zappo, one of Bitcoins’ largest portfolios that was not hacked.
“I think that’s a huge victory. I mean it is capitalism. There are many companies, most startups fail, most projects fail, but ultimately the ones that are put together will persist and get better and better. We have a whole ecosystem in a whole industry that is sprouted out of nothing ten years ago”
In addition, Voorhees spoke about the growth and adoption of Bitcoin. He believes that Roger Ver, known as Bitcoin Jesus, is one of the people who contributed to the adoption of Bitcoin by taxi.
“He did that thousands of times. Literally. I mean people care about this, they see that it’s sensible means of exchange that’s as important to the world as an insensible means or insensible means of communication and speech and not everyone gets that, you know, I think when a lot of these struggles for liberty, the majority doesn’t quite understand it or care and so, you basically have a dedicated minority that has to risk it all and push it forward and struggle through every obstacle to actually bring it to the rest of the world”
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