Alex mashinsky bloomberg how to#
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“You put your money in the bank and they pay you less than 1%. But it’s working extremely well for the people at the top. Clearly, the current system isn’t working for the majority. Mashinsky goes on to say that more than 50% of people in the US don’t have even $500 spare in their accounts. Alex Mashinsky MaHigh-interest accounts, low-interest loans Watch the live stream on to hear some real options. We’re offering people the ability to control their own money and earn a return.”Ĭrypto will not grow unless we have the hard conversations.

Alex mashinsky bloomberg free#

“With Celsius Network, we’re building MOIP, which is the same thing as VOIP, just for money instead of free voice communication. So we’re showing a way to do well and do good at the same time. But, if you’re good to the community, you will build the largest community and with that, you will do well. “90% of people in the United States have the same wealth as that one-tenth of one percent. Luckily, I did very well and now I’m part of that one-tenth of the one percent that everybody hates and I can tell you, there’s no need to squeeze a bit more. “It’s not like I’m talking about it from afar about a situation I’ve never experienced myself. I lived that difficult life that I’m talking about. I went through months and months where I couldn’t pay my rent and I maxed out my credit cards. I came to this country with nothing but a plastic bag and less than $100 in my pocket. There has never been more disparity between the classes and there’s no need for it.

Alex mashinsky bloomberg how to#

“Large companies are focused only on profit, we’re focused on community… All banks like JP Morgan are focused on is how to extract more profit, how to pay less, and how to get more profit for themselves out of your money and your financial situation. Can you tell us more about MOIP and what you’re doing with Celsius Network? They’ve clearly demonstrated a huge demand for low-interest loans (9% using your crypto as collateral) and high-interest savings accounts (up to 7.5% per annum). It’s not dominated by any one company or any one service provider, which is what the internet is all about.” Big companies only care about profitĬelsius Network has already originated over $1 billion worth of loans since starting in June 2018. No one really owns it and everyone’s using it. “VOIP is probably one of the largest distributed apps on the internet today. “What I’ve focused on my entire life was effectively trying to tilt the balance back to the end user and really bring the internet and the promise of this complete openness and independence to everybody on the planet.