Shapeshift.io (and Prism) – A Simple Interface for Direct, Zero Slippage Trading

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 24 July 2017

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Shapeshift is a way to change any digital asset into any other, without accounts,” explains Erik Voorhees. “It’s an easy way to convert.” I’ve personally used Shapeshift myself, and that’s been my experience, too. Let’s say you have Bitcoin, and you want to trade it for Dash. You send the Bitcoin to Shapeshift, and you get Dash back into your Dash wallet: pretty cool stuff. With Shapeshift, you can directly trade any digital asset for any other, without having to use Bitcoin or Ethereum as a reserve currency. “So it’s like 10,000 pairs or something,” says Voorhees; in other words, you can convert from one currency to another in 10,000 different ways. Plus, the interface is simple to understand, and you don’t have to set up an account to use the site.
Easily the coolest part of this direct trading method is that it eliminates “slippage.”
The thing is, exchange rates are always changing. In the moments between putting in an order and the order registering, the exchange rate will have changed. Sometimes the rates on are better, sometimes they’re worse. But with Shapeshift, what you see is what you get: the price doesn’t slip, or change unexpectedly.
Hit play to learn more about Shapeshift, and Prism, Voorhees’s latest project from the same company. Subscribe, review, and if you can, consider donating some Bitcoin to the cause.

Transcript

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0:00.0	The Bitcoin, Ethereum, and blockchain super conference is coming to Dallas, February 16, 17, and 18 in 2018.
0:09.0	If you know of a better way to get the latest insider knowledge about crypto to hear directly from the top
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0:19.4	hodlers, investors, miners, traders, developers and founders, then I'd like to hear about it.
0:25.8	If you don't, then you don't want to miss out.
0:28.7	Register today for the Bitcoin, Ethereum, and blockchain super conference.
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0:35.0	and register today as a super early bird
0:38.0	to get the lowest rates on tickets and hotel rooms.
0:41.0	That's Bitcoin super Conference.com.
0:44.0	Welcome to Almost Here, round the corner of Future Technology Podcasts with Richard Jacobs.
0:51.0	Future Technologies ways to transform our lives for better or worse are the focus of this
0:56.4	podcast.
0:57.4	Almost here means these technologies are now here and starting to be used, or just around the corner, from Bitcoin to artificial intelligence,
1:05.9	3D printing, blockchain, virtual reality, and more.
1:10.3	Hi, this is Richard Jacobs with The Future Tech Podcast and I have as my guest
1:14.9	Eric Voorhe's third time is a charm. Welcome Eric how you doing?
1:19.3	I'm doing very well. Thanks for having me on the show. Yeah, we talked before about Shape Shift and I wanted to talk about your newer venture, PRISM.
1:28.0	So maybe we could start out just in case listeners don't know, Can you just tell them basically what
1:32.6	Shapeshifter does and then we'll talk about PRISM and what that does?
1:35.6	Yeah, yeah, so Shapeshifter is a way of course to change any digital
1:40.1	assets into any other without account and a very easy way to convert.
	...

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