Alex Mashinsky on crypto independence
From Interview w/ Alex Mashinsky - CEO of Celsius and inventor of VOIP · · Dollar Auction Show
“blockchain is just looking like a wall street farm that is pretending to act in your construction but if you with your website they all talk about how they want to become a bank so i don't think they're bad people but they're not here to make victory to replace the financial system all the shareholders on wall street uh big banks big financial investors they're not here to ruin wall street they're just here to make sure that crypto is under their umbrella so do you want a crypto to be independent or do you want crypto to be firewalls”
On , Alex Mashinsky, Former CEO at Celsius Network, spoke about crypto independence during Interview w/ Alex Mashinsky - CEO of Celsius and inventor of VOIP on Dollar Auction Show.
About Alex Mashinsky
In a March 2019 town hall for Celsius Network, Alex Mashinsky criticized traditional banks for offering low deposit rates while charging high interest on loans, stating that "your bank takes your deposit, right? Gives you less than 1%, gives you an IOU and lends it to her and charges her 25% of her credit card and keeps 24% to themselves." He also highlighted what he described as economic inequality, saying "there was never in the history of mankind bigger disparity between the rich and the poor" and that he was "shocked that there are no guillotines on the street." Mashinsky noted that Celsius Network's token would only become valuable "if the whole community is creating value inside the community," and mentioned that the company had "at least 50 hedge funds that use us to reduce their tax exposure to defer their taxes."