is typically good news for the commodities
sector, including crude oil, gold, silver
and PMs shares, all of which are poised from
a technical vantage point for a potential
event that leads to the economic tipping point
could be an expectedly sharp decline, even
a crash in the US Greenback.
Williams expects that policymakers will return
to quantitative easing (QE) in an attempt
to stabilize the US dollar; the move could
backfire resulting in a panic to procure inflation
safe haven investments, such as energy shares
Bitcoin holder who wishes to convert BTC for Litecoin
or any other currency, can do so online without
the hassle or invasiveness of setting up a personal
/ business account.
does not hold the clients coins, but merely purchases
their coins and sells the altcoin of their choice
from the existing ShapeShift.io inventory, simplifying
ease and relative anonymity of ShapeShift.io are
the most appealing aspects of this service and
the brainchild of the forward-thinking CEO, Erik
guest was a key consultant on the Denver based,
platform, a crowdunded, blockchain lending
service that facilitates borrowing against BTC
without capital gains issues.
deploys a uniquely dynamic, margin-algorithm that
vastly reduces the likelihood of a margin call
given the higher than typical volatility of the
underlying asset markets.
using crypto assets as collateral, SALT sidesteps
the need for credit scores as well as draconian
regulatory issues / hurdles, returning value and
anonymity to the participants.
Erik Voorhee's prime directive involves replacing
outdated fiat money with sound cryptocurrency,
returning wealth to the rightful owners, "We
the people..." (figure 1.1.).
discussion includes the 20 fold ascent of Bitcoin
in 2017 and the subsequent micro-bubble in altcoins.
guest notes 4 such bubbles have passed and he
expects more to unfold as Bitcoin / altcoins dethrone
fiat currencies as sound money.
dialogue turns to the much-anticipated Bitcoin
forecast of top Silicon Valley venture-capitalist
and crypto-pioneer, Tim Draper.
Draper expects Bitcoin to increase by 30 fold
from current levels en route to $250,000 by 2020.
a lofty, speculative target, Tim Draper was one
of the few to anticipate $10,000 Bitcoin, when
the price was merely $500 per coin.
recent interviews Mr. Draper outlined huge disruptive
opportunities to improve overcall efficiency /
productivity in healthcare and government (figure
Voorhees cautions investors to first do considerable
due diligence before entering the world of cryptocurrencies.
speculative nature of the sector increases risk
beyond the tolerances of typical comfort levels.
is advisable to assume the investment is vulnerable
to declining to zero and to maintain a healthy
dose of skepticism - the host shares his sentiments.
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Voorhees is a bitcoin entrepreneur. He is
currently the founder and CEO of ShapeShift, an
instant exchange for digital currency.Bitcoin
entrepreneur Eric Voorhees started his career
as a communications and project manager, working
first for a real estate company and later an organisational
improvement firm. In 2011 he founded his first
company, VoIP provider Pacabell, and served as
its CEO until 2011.
first entered the blockchain space as Head of
Marketing at bitcoin cash exchange BitInstant
in 2011. He went on to found two bitcoin startups,
SatoshiDice and FeedZeBirds. In 2014 he was fined
by the U.S. Securities and Exchange Commission
(SEC) for the public offering of shares of the
companies without registering with the federal
is currently the founder and CEO of ShapeShift,
an instant exchange for digital currency. The
company was founded in 2013, although Voorhees
was not announced as its creator until two years
later, wanting the company to succeed on the basis
of its design alone. He also founded bitcoin storage
and payment provider Coinapult, and served as
its CEO until 2014.
has a Bachelors degree in Business Leadership
and Political Economics from the University of
Puget Sound, Washington.