The big exchanges that hold customer deposits are a big target for hackers, and unfortunately, most bitcoin exchanges store user funds. Erik Voorhees More Quotes by Erik Voorhees More Quotes From Erik Voorhees Like the Internet, Bitcoin will change the way people interact and do business around the world. Erik Voorhees business change people world Whenever the price of cryptocurrency is rallying, people start spending a lot more. Erik Voorhees price more start people Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors, and problem solvers. It is the frontier. Huge amounts of wealth will be created and destroyed as this new landscape is mapped out. Erik Voorhees new finance wealth problem I'm much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated up front. It makes online shopping a lot easier and a lot safer. Erik Voorhees control shopping i-can money Personally, I had over 550 BTC in Gox. I will never get any of that back. Erik Voorhees over will never back Bitcoin will hit thousands of dollars per coin, because it's worth at least that much, or it's worth zero. Erik Voorhees coin worth will bitcoin Cryptocurrencies allowed non-custodial exchange, without users having to sign up or create accounts. Erik Voorhees having without create up Unfortunately, slow and steady in any financial market is actually impossible. Erik Voorhees slow market financial impossible In the longterm for Bitcoin, Gox needed to go away. Erik Voorhees go-away away go bitcoin Most 'digital currencies' are not really digital currencies at all. Erik Voorhees really most digital Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits, can be created out of nothing and without limit, so they are not serious money. Erik Voorhees nothing money serious unique I was very excited about a currency that was not controlled by a central government, that could be a free market currency. That was all the incentive I needed to dedicate my life to it. Erik Voorhees my-life free government life The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive. Erik Voorhees potential traditions even bitcoin When we started ShapeShift, a future world of natively digital assets was very theoretical. Erik Voorhees started future digital world ShapeShift, like SatoshiDICE before it, demonstrated how an old business could operate in a brand new way because of the properties of cryptocurrencies. Erik Voorhees brand new business way If you see a market that has slow and steady growth long enough, you'll start to front-run it, and that slow and steady growth will start turning into steeper growth, and that will accelerate the process. Erik Voorhees start you growth long You cannot have an asset that goes up in price 1% every month or 1% every six months or every day without people starting to start thinking it'll do the same tomorrow, so that's why these bubbles form. Erik Voorhees day you tomorrow people I have no problem with the financial industry inviting the Trojan Horse of blockchain technology into their walled garden. Because I know how powerful the technology is. Erik Voorhees horse technology garden problem The Dwolla incident was to be expected. The government will go after sites that it thinks are supposed to register as money transmitters. Some Bitcoin companies will register as such, and some won't, but business will carry on regardless. Erik Voorhees will government money business Digital currency is now a misnomer for Bitcoin. It can be used as currency, but it can be used for many things. Erik Voorhees things now bitcoin digital
