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Podcast

151 - Why Are We Here? with Erik Voorhees

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.
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Jan 2, 20231 min read

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.


TIMESTAMPS

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


RESOURCES

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter 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.

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