Erik Voorhees joins me to explore the nature of decentralization.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTErik’s Twitter: https://twitter.com/ErikVoorheesErik’s Company: https://shapeshift.com/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 How Do We Determine Decentralization?00:06:09 Decentralization is Solely for Censorship-Resistance?00:09:24 Does Ethereum’s Pre-mine Prohibit its Decentralization?00:13:08 The Ethereum Post-DAO Hack Fork00:17:57 “Code Is Law”00:22:07 Ethereum Is Not Money; It Is Liquid Venture Capital00:26:50 Is Ethereum Market-Proven?00:28:33 Is Decentralized Exchange a Valid Use Case?00:35:43 The Indivisibility of the Bitcoin Social Layer00:37:57 What is the Total Addressable Market for Ethereum?00:41:00 The “Ultra-Sound Money” Narrative00:46:33 The Store of Value Marketplace Dynamics00:51:30 Is Lightning Network Decentralized?00:56:53 NYDIG00:58:00 What is Shapeshift?01:04:22 Where is Shapeshift on the Path to Decentralization?01:10:14 What are Decentralized Autonomous Organizations (DAOs)?01:15:45 Current Law Does Not Contemplate the Existence of DAOs01:19:10 Are Other Organizations Pursuing the Path of Decentralization?01:23:09 The Governance Model of Shapeshift DAO01:27:21 Why Not Build All DAOs on Bitcoin?01:30:55 The Non-Coercive Politics of Decentralized Protocols01:38:40 ICOs and Self-Regulation01:43:19 Can Self-Regulation Work in Practice?01:52:30 What is the Utility Value of Ethereum?01:59:23 What is the Endgame of Bitcoin and Decentralization?SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Put your Bitcoin to work. Earn up to 6% interest back on Bitcoin with Tantra: https://bit.ly/3CFcOmgAutomatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22