Erik Voorhees Emphasizes the Power of Permissionless Crypto at DeFi Convention
CEO of ShapeShift, Erik Voorhees, recently spoke at the Permissionless DeFi convention, highlighting the significance of permissionless cryptocurrency. He traced the origins back to the invention of Bitcoin 15 years ago, which paved the way for a new era of financial freedom.
Voorhees explained that traditional transactions involving credit cards require permission from financial institutions or banks. In contrast, crypto transactions offer a higher level of financial autonomy. He also discussed the role of the state, referring to them as a group of strangers who extract income through taxes. The crypto industry is now building an economic defense based on a different structure, with permissionless money at its core.
Voorhees raised questions about regulators, specifically mentioning the SEC under Gary Gensler and their classification of tokens as securities.
Permissionless: A Gathering of Crypto Enthusiasts
The Permissionless convention was organized by Blockwords and took place from September 11 to 13 at the Austin Convention Center in Texas. With over 7,000 attendees from around the world, it brought together prominent figures in the crypto industry such as Vitalik Buterin, Anatoly Yakovenko, and Hong Fang.
Hot Take: Revolutionizing Financial Freedom through Permissionless Crypto
Erik Voorhees’ speech at the Permissionless DeFi convention shed light on the transformative power of permissionless cryptocurrency. By eliminating the need for intermediaries and granting individuals greater control over their finances, crypto transactions offer a level of autonomy unparalleled in traditional systems. Moreover, Voorhees questioned the role of regulators in this new era, challenging their classification of tokens as securities. The event itself served as a gathering for thousands of crypto enthusiasts, providing a platform for industry leaders to share insights and ideas. As the crypto industry continues to evolve, the concept of permissionless money remains at the forefront of its mission to revolutionize financial freedom.
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