Celsius Network — Alex Mashinsky, CEO — Peer-To-Peer Crypto Lending And Borrowing That Pays You Back
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 26 January 2018
⏱️ 23 minutes
🧾️ Download transcript
Summary
One of the problems that exist in the cryptocurrency community is that there is very little sense of community amongst users–we haven't seen cryptocurrency holders come together to support one another, and in many ways holders have been taken advantage of.
Celsius Network hopes to change that and bring some of the power of cryptocurrency back to its users, by creating a wallet that both pay interest on the cryptocurrency deposited, but also allows users to borrow dollars against crypto deposits. Users can earn interest when their crypto is used by hedge funds or large crypto funds in short sales–high fees are charged for coin access, which is given back to the community when the coins are returned, similar to how it is done with traditional stocks, bonds, and securities. A product demonstration was held last week in New York.
In the long run, Celsius Network hopes that this will remove excess liquidity from the markets and help stabilize cryptocurrency, thereby drawing in more users and creating more value for everyone. Alex also discusses his thoughts on the future of innovations in this space and the importance of making decisions that are in the best interest of the community at large.
For more information, visit www.celsius.network
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and blockchain super conference is coming to Dallas, February 16, 17, and 18 in 2018. |
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| 0:44.0 | Welcome to Almost Here, round the corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.0 | Future Technologies voice to transform our lives for better or worse are the focus of this |
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| 1:02.0 | We're just around the corner for Bitcoin to artificial |
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| 1:10.8 | Hello and welcome everyone to the future tech podcast my name is Josh Thomas I'm here with |
| 1:16.6 | Alex Maschensky of the Celsius network and hello Alex how's it going great thanks |
| 1:21.8 | for having I'm glad to have you on here. |
| 1:24.0 | Tell us a little bit about what the Celsius network does and what kinds of problems it solves |
| 1:30.6 | in the world. |
| 1:31.6 | Sure. So, you know, I've been a coinholder since 2013 and participated as an investor in a bunch of |
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