Erik Voorhees: Let's not crush every desirable attribute in bitcoin

Erik Voorhees, one of the first users of cryptocurrency and CEO of ShapeShift, a popular cryptocurrency exchange, claimed that Bitcoin should be very "conservative" and that those who contributed to the ongoing development of the flagship cryptocurrency should refrain from trying all new ideas. "

Voorhees, the former owner of the crypto gambling site SatoshiDice, said that "the bitcoin can not be optimized for all variables". His comments were made during the "What Bitcoin Did" podcast on March 22, in which he said that BTC is not supposed to be the most innovative and conservative digital badet at the same time.

"Really better than any bank"

Voorhees went on to explain that it was not practical to try to incorporate "all desirable attributes or features" into the Bitcoin protocol. Commenting on the different use cases handled by other blockchain networks, Voorhees said:

I think there should be Meme it [more blockchain-based platforms] more centralized, with higher throughput and there should be less centralized chains, with lower throughput and their presence makes the crypto ecosystem stronger, and in both cases we are much better off than any other bank.

Hostile conversations

In his second appearance on Peter McCormack's What Bitcoin Did podcast, Voorhees said there should be an "open debate among people to make long remarks," which can then lead to "feedback and discussion." rewarding. "

The founder of ShapeShift has criticized the way Twitter users are communicating with each other, believing that conversations on the microblogging platform can take a rather hostile tone. Describing the heated discussions on Twitter, Voorhees said people "take each other's abs at 288 characters".

Bitcoin is not the only project with potential

Acknowledging that he used to be a maximalist of Bitcoin, Voorhees said that he had begun to think differently towards the end of 2013. He revealed that his views on Bitcoin had begun to change after reviewing a more basic monetary theory and also after studying the role of money in the money. Exchange (MoE) because it is simply used to retain value. At that time, altcoin projects seemed to be a "huge distraction," Voorhees said.

However, little by little, the CEO realized that if you're really interested in decentralization, then you need to look at more blockchain projects and be open to exploring other ideas.