THE FEATURE Voorhees vs Schiff: Bull Meets Bear at NY Bitcoin Debate A debate between an infamous bitcoin detractor and one of 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. The world's largest cryptocurrency, he said, just needs gradual adoption to eventually triumph. However, the debate was far from a one-sided showcase. There to represent the opposition, Peter Schiff provided more than a healthy dose of skepticism. 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. |