The blockchain is a new set of rails that is disrupting the banking and the money supply which really has been abused by central banks and governments for the last 50 years.”ġ0:27 – “All of us should have our money work for us, not just us work for our money.”Ģ1:48 – “You need to kill your existing business and build it on the blockchain. He is a prominent entrepreneur who has founded several companies over the years, including Celsius Network, GroundLink, Transit Wireless, Elematics and Arbinet. Just like Voice Over IP needed a new set of rails to disrupt phone companies. Alex Mashinsky was born into communism, reared under socialism, and is currently thriving under capitalism.
It’s an even bigger wave than the internet wave because it touches all the money in the world. They are basically extracting way too much from all of us, the 99% of Americans who are not part of the 1%, and giving it all to the few people who are the major shareholders of these institutions.”ģ:09 – “Tenacity and doing the right thing does pay off.”Ħ:01 – “The blockchain is a new revolution. Quotes:Ģ:11 – “We feel that banks have become such monopolistic institutions that they stopped caring for their depositors, they only care for their shareholders. In this episode, Ian and Alex talk about how Alex and Celsius are working to disrupt the banking industry, what Celsius is looking to build in the long-term and lessons Alex has learned from his previous business ventures that he used while building Celsius. Celsius is going after all the money in the world, says Alex Mashinsky, the Founder of Celsius, who plans to make more than just a dent. Celsius Network CEO Sir Alex Mashinsky announced it. According to his website he was, “born into communism, reared under socialism, and is currently thriving under capitalism.” He’s also a prolific inventor, holding over 50 patents as well as over a dozen awards for his work in the technology and finance field. Alex Mashinsky and Celsius may actually do it with cryptocurrency interest accounts.
His personal experiences have afforded him a unique perspective and understanding of financial systems. They are basically extracting way too much from all of us, the 99% of Americans who are not part of the 1%, and giving it all to the few people who are the major shareholders of these institutions.”Ĭelsius is changing that and Alex is leading the charge. “We feel that banks have become such monopolistic institutions that they stopped caring for their depositors, they only care for their shareholders. Celsius is disrupting the world of banking and financial management, which has long sought to regulate and limit the market for their own interests. “Unbank yourself” is the company’s motto and for good reason. That’s really the crux of the matter that you cannot use it as a form of payment or cannot use it in a way that makes you happy about the transaction.Apple Podcasts / Google Podcasts / SpotifyĪlex Mashinsky is the CEO and Co-Founder of Celsius Network, a network that lets you earn interest on crypto and instantly borrow against it. “If you fell for Elon Musk’s deal where he gave you a Tesla for two or three Bitcoins, obviously you hate driving that Tesla because you would in a second go back and take those three Bitcoins and return the Tesla, which lost value during the same period of time.Īnything you bought with Bitcoin in the last 10 years, you rather have the Bitcoin back and would have paid in US dollars. Alex Mashinsky © Mashinsky Founder & CEO celsiusnetwork Earn 10.73 on USDC 1 APR BTC loans MOIP CEL 1. The expert points out that it might not be the best idea to use Bitcoin to pay for goods and services, and highlights that people who have done it in the past have often ended regretting the decision. It’s a horrible store of value and Bitcoin is a phenomenal store value, but it’s a pretty bad form of payment.”
The dollar is a phenomenal form of payment. “I’d much rather be in a scenario where the dollar remains as the reserve currency but Bitcoin continues to do very well… Mashinsky shared a contrasting view between the qualities of the US dollar and the leading cryptocurrency in a recent interview with Coin Stories. Alex Mashinsky, the CEO of crypto lending platform Celsius does not see Bitcoin (BTC) becoming a suitable payment option.
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