2018-7-3 08:35 |
A debate between an infamous bitcoin detractor and one of the cryptocurrency’s most well-known entrepreneurs made sparks fly in New York City Monday.
Hosted by the Soho Forum, a monthly Manhattan debate series, the event saw Erik Voorhees, the CEO of exchange service ShapeShift, argue that government-backed monies will eventually be replaced by bitcoin and blockchain innovations.
Perhaps most damningly, he argued people are not currently buying into bitcoin or other cryptocurrencies to use them; they’re here to get rich, he said.
Moreover, even people who do plan to use bitcoin cannot do so easily.
Elsewhere, Voorhees also conceded that bitcoin might not succeed in meeting all of the four classic functions of money.
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