Bitcoin Vs Altcoins with Dan Held & Erik Voorhees - WBD283
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 1 December 2020
⏱️ 81 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Thursday 19th November Company: Kraken & ShapeShift Role: Founder/CEO & Head of Growth
Altcoins almost always promise an improvement on Bitcoin, whether that is faster transactions or lower fees, enhanced privacy or some other killer use case. However, this is almost always marketing hype, with altcoins being a history of failure.
For newcomers to Bitcoin, falling into the trap of investing in altcoins is easy. With the price of Bitcoin approaching all-time highs, we will undoubtedly soon see a wave of news coverage and an influx of newcomers to the space.
So, should you avoid altcoins? Bitcoin Maximalists say yes, while many others say no.
In this interview, I talk to Dan Held, the Director of Business Development at Kraken and Erik Voorhees, the founder and CEO of ShapeShift. Dan and Erik debate Bitcoin vs altcoins, DeFi, decentralisation and security.
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Transcript
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| 0:00.0 | Bitcoin has been forged in an environment of hostility from the very beginning. |
| 0:07.3 | It is an explicitly countercultural transformative technology which if successful will change like much of how the earth |
| 0:15.6 | works and is going to have a gazillion enemies 100%. Z-Kash and Ethereum are not |
| 0:22.1 | enemies of Bitcoin. |
| 0:24.0 | Hello there from Bedford in the United Kingdom. |
| 0:27.0 | How are you all? |
| 0:28.0 | I'm pretty good over here. |
| 0:29.0 | Well, I've put my back out. |
| 0:31.0 | I've been laid up on the couch for a few days, so firstly a massive thanks to everybody who sent me a |
| 0:35.0 | DM on Twitter or sent me an email or even just posted me a message with ideas on how to get better. |
| 0:40.0 | Thank you, I appreciate it so much. Wow, what a week. Bitcoin hit an all-time new high. |
| 0:45.6 | Well, it did on some exchanges. Some people are saying it didn't. But I'm taking it, and I think we're going to burst through 20k pretty soon so a massive |
| 0:53.4 | week amazing stuff congratulations to everyone who rode out this bear market |
| 0:57.5 | there's some rough times but it's been pretty good this last year anyway |
| 1:01.6 | welcome to the what bit coin did, which is brought to you by |
| 1:04.0 | Krakhan, the best place to buy, sell and trade Bitcoin. I'm your host Pete to McCormack, |
| 1:08.0 | and today I've got an interview with two of my good friends Dan held and Eric Fauhees |
| 1:11.7 | where they're going to debate |
| 1:13.2 | Bitcoin and all coins. But before that I do have a message from my amazing |
| 1:17.1 | sponsors and first up we're going to talk about BlockFi and they have a huge |
| 1:21.1 | announcement. BlockFi is about to launch its Bitcoin rewards Visa |
| 1:25.4 | Credit Card. It's going to be coming in early 2021. This is something I've been really |
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