151 - Why Are We Here? with Erik Voorhees
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 2 January 2023
⏱️ 94 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF | Unpacking the Episode:
https://shows.banklesshq.com/p/debrief-erik-voorhees-why-are-we-here
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Erik Voorhees is a crypto veteran of veterans. He’s one of the greatest advocates of open and permissionless systems that we have in this space.
In this episode we talk about his legendary debate with SBF—this is the first time we’ve caught up with him since. What are his reflections now? We also dive into how this bull/bear cycle is similar and different from previous ones, how do we preserve crypto’s core principles, and most importantly—why are we here? Why crypto? Why now? Why stay?
Erik doesn’t waste a word in this episode. Happy New Year everyone. Let’s keep building.
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Topics Covered
0:00 Intro
6:17 Where Did Crypto Go Wrong?
8:43 Crypto Labels
12:30 Responsibility
14:26 Accountability
18:19 FTX Collapse From Erik’s POV
24:05 SBF’s Headspace
28:45 Potential Alternative Realities
30:50 SBF’s D.C. Relationship
34:47 Was this Cycle Unique?
38:58 Lessons From Past Cycles
43:36 Learning Through the Pain?
48:33 Why is Individual Empowerment Correct?
50:20 Coordination & Order
54:26 Power
1:02:22 The U.S. Constitution
1:07:13 Code Enforcement
1:08:07 Why Are We Here?
1:09:49 Baked-In Crypto Principles
1:13:03 Perserving Core Crypto Values
1:16:48 Is Erik Radical?
1:21:44 Will Crypto Ever Go Mainstream?
1:25:53 Cycle Common Denominators
1:28:19 Bear Market Advice
1:29:31 Erik’s Bull Market Forcast
1:32:00 Action Items & Disclaimers
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Resources:
SBF vs Erik Voorhees episode
https://youtu.be/Ytaa_5liwMA
A Response to SBF and Principled Crypto Regulation
https://www.moneyandstate.com/blog/response-to-sbf
Sophistry and the Savior
https://www.moneyandstate.com/blog/sophistry-and-the-savior
24 - Exploring the Frontier | Erik Voorhees
https://youtu.be/rLsOHOvUOpM
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
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| 0:00.0 | The reason I'm here, the reason I'm doing this crypto thing and have been for 11 years is because I want to separate money in state. |
| 0:08.0 | I think money is one of the most important technologies in society. |
| 0:14.0 | It's something we interact with every day. |
| 0:16.0 | The flows of money, directing govern, human action, everywhere at every scale. |
| 0:23.0 | And something so important needs to not be under a monopoly provider period. |
| 0:29.0 | So I'm here to separate money in state. |
| 0:31.0 | And every technology, every blockchain, every app that helps further that is something that I'm going to be supporting. |
| 0:39.0 | So that's why I'm here. |
| 0:40.0 | Certainly some people are here to just make a bunch of money. |
| 0:43.0 | But I'm here for the principle of decentralizing money away from the hands of the state. |
| 0:49.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:53.0 | This is how to get started, how to get better and how to frontrun the opportunity. |
| 0:57.0 | This is Ryan Sean Adams. |
| 0:58.0 | I'm here with David Hoffman. |
| 0:59.0 | And we're here to help you become more bankless. |
| 1:02.0 | Guys, first bankless episode of 2023. |
| 1:05.0 | Are you ready? |
| 1:06.0 | This is Eric Voorhees. |
| 1:07.0 | And he doesn't waste a word in this episode. |
| 1:09.0 | He never does. |
| 1:10.0 | We talk about SBF. |
| 1:11.0 | We talk cycles. |
... |
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