John
Williams & Erik Voorhees, CEO of ShapeShift.io
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Highlights
John
Williams of Shadowstats.com,
a leading online alternative economic-resource
sees the potential for an explosive move in
the PMs sector / commodities.
According to Shadowstats, the official inflation
numbers are significantly understated - consumers
are being robbed as the pace of price increases
exceeds wages.
Shadowstats
finds that the GDP is slowing at a rapid clip,
which will be reflected in next week's official
tally.
Inflation
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
rally.
The
event that leads to the economic tipping point
could be an expectedly sharp decline, even
a crash in the US Greenback.
John
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
and PMs.
Erik
is CEO of the instant Bitcoin
and altcoin exchange, ShapeShift.io, a groundbreaking
coin / token service that facilitates quick and
virtually free exchange of nearly any cryptocurrency.
A
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.
ShapeShift.io
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
the process.
The
ease and relative anonymity of ShapeShift.io are
the most appealing aspects of this service and
the brainchild of the forward-thinking CEO, Erik
Voorhees.
Our
guest was a key consultant on the Denver based,
SALT lending
platform, a crowdunded, blockchain lending
service that facilitates borrowing against BTC
without capital gains issues.
SALT
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.
By
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outdated fiat money with sound cryptocurrency,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.).
The
discussion includes the 20 fold ascent of Bitcoin
in 2017 and the subsequent micro-bubble in altcoins.
Our
guest notes 4 such bubbles have passed and he
expects more to unfold as Bitcoin / altcoins dethrone
fiat currencies as sound money.
The
dialogue turns to the much-anticipated Bitcoin
forecast of top Silicon Valley venture-capitalist
and crypto-pioneer, Tim Draper.
Mr.
Draper expects Bitcoin to increase by 30 fold
from current levels en route to $250,000 by 2020.
Although
a lofty, speculative target, Tim Draper was one
of the few to anticipate $10,000 Bitcoin, when
the price was merely $500 per coin.
In
recent interviews Mr. Draper outlined huge disruptive
opportunities to improve overcall efficiency /
productivity in healthcare and government (figure
1.2.).
Erik
Voorhees cautions investors to first do considerable
due diligence before entering the world of cryptocurrencies.
The
speculative nature of the sector increases risk
beyond the tolerances of typical comfort levels.
It
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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Guest
Bios
Erik
Voorhees
CEO ShapeShift.io
Erik
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.
Voorhees
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
government.
Voorhees
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.
Voorhees
has a Bachelors degree in Business Leadership
and Political Economics from the University of
Puget Sound, Washington.
John
Williams
aka
Walter
J.
"John"
Williams
was
born
in
1949.
He
received
an
A.B.
in
Economics,
cum
laude,
from
Dartmouth
College
in
1971,
and
was
awarded
a
M.B.A.
from
Dartmouth's
Amos
Tuck
School
of
Business
Administration
in
1972,
where
he
was
named
an
Edward
Tuck
Scholar.
During
his
career
as
a
consulting
economist,
John
has
worked
with
individuals
as
well
as
Fortune
500
companies.
John
Williams'
Shadow
Government
Statistics
is
a
monthly
electronic
newsletter
that
exposes
and
analyzes
the
flaws
in
current
U.S.
government
data
and
reporting,
as
well
as
in
certain
private-sector
numbers.
It
also
looks
at
the
financial
markets
free
of
the
hype
so
often
put
forth
in
the
popular
financial
media.
Generally
published
on
the
second
Wednesday
of
the
month,
the
newsletter
is
supplemented
by
Flash
Updates
and
occasional
Alerts
that
highlight
unusual
developments.
(04|26|18)
-Did
the host, C.W. resolve the name of the
creator of Bitcoin, Who is Satoshi
Nakamoto?"
Who
is Satoshi Nakamoto? New evidence using
handwriting analysis reveals high odds
it is.... N.S. or Nick Szabo. Plus,
Nick Szabo created Bitgold nearly 10
years ahead of Bitcoin, which shares
eerie similarities. His background fits
perfectly with computer science and
the legal issues of cryptography. If
you were a professional cryptographer
of the highest level, an original cypher-punk,
wouldn't you want your friends / colleagues
with similar backgrounds to know you
created Bitcoin, while the authorities
were stumped? Heres C.W.'s elementary
school level attempt to help resolve
the riddle:
Is
the creator of Bitcoins name hidden
within the nom de plume, Satoshi Nakamoto?
1st
Step. Reverse the order: Satoshi Nakamoto
to Nakamoto Satoshi.
2nd
Step. Shorten the names: Nakamoto
Satoshi = Nak Sato.
C.W.
proposes that Nak Sato = pseudonym
for Nick Szabo.
Therefore,
Satoshi Nakamoto = Nakamoto Satoshi
= Nak Sato = Nick Szabo.
Hypothesis
I.
To protect against legal issues, he
used a pseudonym AND left Satoshis
1 million Bitcoins on the blockchain
as a smokescreen, unclaimed. In the
mean time, he mined another million
BTC in 2009 while difficulty was negligible.
This resolution is worth at least
a couple hundred of those 1 million
BTC ;)
Hypothesis
II. Trace Meyer and Nick Szabo
are the co-authors of Bitcoin, based
on Nick Szabos Bitgold platform
and worked closely on the project,
hiding Szabos name in the pseudonym
Satoshi N., as a second layer of encryption...
Nick Szabo (Wozniak / Steve Allen)
and Trace Meyer (Jobs / Gates) like
collaboration.
The
latest Listener's Q&A segment includes
phone calls on the increasingly popular
topics of silver and Bitcoin from Tom in
Arizona, John in Sunny San Diego and an
anonymous caller.
Bill
Murphy & Chris Waltzek Ph.D. - April
11th, 2018.
Top
Wall Street Chartered Technical Analyst (CTA),
Ralph Acampora of Altaira
Wealth Management,revered
as "A Professor of Technical Analysis,"
returns.
Arch Crawford & Chris Waltzek Ph.D.
- March 7th, 2018.
CEO
Thomas
Coughlin the founder of Kinesis
as well as, Andrew
Maguire, return with part two of
this epic-exclusive Goldseek conference
call, simultaneously on three continents.
Lior
Gantz & Chris Waltzek Ph.D. - March
1st, 2018.
Andy
Schectman of Miles
Franklin Institute is partnering with
Sprott Asset Management on a physical gold
backed, distributed ledger with bullion
held at the Royal Canadian Mint.
Peter Grandich & Chris Waltzek
Ph.D. - February 14th, 2018.
Chris
Blasi, President of Neptune
Global LLC underscores gold's
4000 year track record as sound money,
noting further that the year 2000
gold bull market is still underway.
Nick
Barisheff & Chris Waltzek Ph.D.
- February 8th, 2018.
Economist
Professor Laurence Kotlikoff, returns with
positive insights on the PMs sector noting
that investors should consider increasing
their PMs stockpile.
CEO
Thomas
Coughlin, Andrew
Maguire, join the show in an epic-exclusive
Goldseek.com Radio conference call that
takes place simultaneously on three continents.
Dr.
Marc Faber & Chris Waltzek - January
17, 2018.