Altcoin News: Eric Voorhees: “Bitcoin Needs to Be More Conservative”

March 25, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The CEO of ShapeShift, Eric Voorhees, believes that Bitcoin needs to be “more conservative”, and developers should refrain from introducing every new idea.

Well-known cryptocurrency enthusiast Erik Voorhees stressed that the Bitcoin blockchain will not be able to be optimized for each new attribute or function.

“I think there should be [more blockchain-based platforms] that are more centralized and with higher throughput and there should be chains that are less centralized with less throughput and having both of those in existence actually makes the whole crypto ecosystem stronger and in both cases we’re still vastly better off than any bank,” said Voorhees

The head of ShapeShift said that although he was a bitcoin-maximalist earlier, at the end of 2013 his views began to change. Voorhees noted that this was influenced by the study of the foundations of monetary theory. He stressed that if you are interested in decentralization, then you should look closely at many blockchain projects.

Note that at the beginning of the year, the ShapeShift Exchange reduced a significant part of its staff — 37 employees were dismissed due to “the last bear market cycle”.

Author: Marko Vidrih