Opens profile photo
Follow
Erik Voorhees
@ErikVoorhees
Toward peace, markets, and Bitcoin. Founder of ShapeShift.com
BitcoinlandShapeShift.comJoined July 2009

Erik Voorhees’s Tweets

Crypto exchanges held to a higher standard than banks… indeed banks can never cryptographically prove reserves.
Quote Tweet
Breaking: Texas Senate passes bill requiring crypto exchanges to provide proof of reserves.
52
706
Less than four years later and Federal debt is now $31 trillion. Up 40%. The situation is completely fucked and impossible to fix. If you own government bonds you are the greater fool.
Quote Tweet
The 10-Yr Treasury rate over the past 60 years. The Federal Gov has ~$22 trillion in debt. Each additional 1% rise in rates is ~$220 billion in additional annual expense. 3% rate increase (still below norm) adds more interest payments annually than entire military budget. #rekt
Image
38
477
Putting the magnitude of this move in perspective:
Image
Quote Tweet
Embedded video
1:00
Tether🧡#Bitcoin Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin. These Bitcoin shall be considered on top of the minimum reserves assets that 100% back tether tokens. More 👉 tether.to/en/tether-to-f
73
1,089
Better to build decentralized things which transcend policy. I’m glad some are fighting the good fight in Mordor, but permissionless technology doesn’t ask permission.
Quote Tweet
1/ If you're a leader in crypto right now, you have two jobs: 1) build things aside from a shitcoin casino, 2) engage in the policy conversation. We can only fight the fights on privacy, self-custody, innovation, etc. when we are somewhat serious.
Show this thread
36
407
Did you know that the US government has defaulted on its debt 4 times before? Watch for politicians and commentators that get this wrong as it is a strong signal they are mostly uninformed or dishonest.
9
127
The Texas House #txlege voted 139 to 2 tonight to add the following to the Texas Bill of Rights: The right of the people to own, hold, and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency, or scrip, when trading and contracting for… Show more
Image
139
2,201
It's fair for the IRS to take all the money instead of the victims, since the government prevented the fraud from happening.
Quote Tweet
U.S. IRS Files Claims Worth $44 Billion Against FTX Bankruptcy "The claims are filed under the classification Admin Priority, which could allow the IRS claims to take precedence over the claims of other creditors in a bankruptcy case" Nationalized. GG. coindesk.com/business/2023/
Show this thread
114
1,511
Great point Brad
Quote Tweet
"Crypto bros ... made over a trillion dollars out of thin air," @BradSherman says at a U.S. House hearing today. "They'll accuse the U.S. government of making money out of thin air. Maybe we do, but we're the U.S. government." Watch the hearing: youtube.com/live/axdrK4ImX
Embedded video
0:14
2.9M views
109
1,165
“The number of whites who were enslaved by the Barbary pirates in North Africa exceeded the number of Africans enslaved in the United States and in the American colonies before that—put together. But nobody is going to North Africa to ask for reparations, because nobody is going… Show more
1,555
46.5K
Replying to
If it had registered as a security, no exchanges would've been able to support it, and the project would've been dead. There is not a single crypto asset which a) registered as a security and b) found any adoption/use/success whatsoever.
30
693