Erik Voorhees, founder and CEO of ShapeShift, has revealed in a podcast that he felt embarrassed and disgusted by the behavior of Bitcoin maximalists at the Bitcoin 2022 conference in Miami.

A Bitcoin OG who can see some merit in altcoins, Voorhees spoke on a panel during day two of the briefing in June. He caused a stir when he said, "Did I hear someone on that prior panel say, 'If you're against toxic maximalism, you're against Bitcoin and you're confronting freedom?'… Yeah, that's some bullshit."

The ShapeShift CEO expanded on those comments in a Tuesday interview on the Unchained Podcast hosted past journalist Laura Shin. The 35-twelvemonth-old slammed Bitcoiners who believe that toxic behavior such as trashing proponents of other cryptocurrencies is a skillful thing for Bitcoin (BTC):

"They've spun themselves up into thinking that trashing these people is a virtue, and it'due south helping Bitcoin. Bluntly, I recollect it'south just kind of disgusting, and I was embarrassed."

He added, "These people were on stage talking about the virtues of toxic maximalism. I don't know when they got into Bitcoin, merely absolutely that is not the community that I come up from in Bitcoin."

Vorhees has spoken out before confronting toxic maximalism, but told Shin that the Bitcoin 2022 conference was the starting time Bitcoin conference he's been to where he was "embarrassed about the people who were in that location."

He stated that if there is a 18-carat enemy to Bitcoin and to Bitcoin maxis, information technology is "primal banks, banking and fiat currency" and not the "Dogecoin community or Ethereum community."

ShapeShift is a noncustodial crypto substitution operating out of Denver and headquartered in Switzerland. The platform announced a full integration with cross-chain decentralized exchange (DEX) THORChain in April, which enabled direct trading of Bitcoin, Ether (ETH) and Litecoin (LTC). Still, THORChain has suffered ii multi-meg-dollar breaches from hackers this month, forth with a third more minor alienation.

Related: ShapeShift to decentralize entire visitor, plans for largest airdrop in history

Cointelegraph reported on July 16 that THORChain came to a halt after a hacker stole $7.6 1000000 worth of crypto avails, and last week, an apparent white-hat hacker stole $8 million worth of ETH.

Voorhees conceded the exploits show that THORChain still has a long way to go, but the fact that it can provide a DEX that is chain-doubter is a "huge development for the industry."

"THORChain is very new early software, and they've had a few pretty awful bugs recently. Right now, the chain is offline. And then, information technology'southward not a panacea, and it's not ready for prime fourth dimension, but it works. Information technology works with existent money, and it'south out in the wild getting better and improve each week."