Community Trust ScoreVerified
ShapeShift is a corporate entity that provides cryptocurrency exchange services. However, with the necessary confines of being a corporate entity, they are too restrictive, and it is important to think outside the box. Thus, ShapeShift is a continual journey that focuses on much self-sovereignty for users in the services they provide.
ShapeShift makes it possible to send, receive, trade, track, and HODL Bitcoin and other major cryptos.
As a mode of empowering users, Shape Shift has done a lot to empower users. They have previously integrated the platform with Ox, which is a decentralized exchange aggregator (DEX). By doing this, it was possible for them to discontinue their market exchange trading for ETH and ERC-20 assets in a way to provide more expansive access to the world of DeFi to stop further the unpopular and invasive practice of gathering personal information from users.
Then came the FOX TOKENS, despite which users could not trade across blockchains or trade native Bitcoin without ShapeShift as the intermediary and therefore needed KYC.
ShapeShift integrated with THORChain to make cross-chain swaps possible trustlessly without the use of KYC. Thus, more users embraced their platform. Furthermore, they saw who were active on their platform increase thereafter by nearly 90%.
Thus, they have been doing several other things to make things practical for individual users to touch upon sovereignty. They continue to protect users, while trying to make self-custody easy and fun.
Ultimately, long-term consequences will be your worldwide digital citizenship being more valuable than nation-state citizenship.
Erik Voorhees expressed: Many smart people leave the government and join cryptocurrency. There will be no smart people who leave cryptocurrency and join the government. Except for Brian Brooks US, who then just re-joined cryptocurrency? The same is probably true with banks. The brain drain is real. I wonder what the long-term consequences will be.
Previously, Voorhees pointed to how DAO’s are emerging from their trough of disillusionment. They are dynamic, they are non-jurisdictional, and they are shockingly powerful. They have no center. They rely on no bank account. They demonstrate anti-fragile, emergent order.
Interrogating, why should we, an established and well-funded for-profit corporation, consider such a model? Simple: centralization has become a liability against the realization of our vision.
Community response: The statement that everyone who has a government job is mindless is something that could not be practical in the real economy.
Hyper Bitcoinization happens one sovereign individual at a time.
