Ep. 291 - Beating Big Brother and Banks with Blockchain, w/ Celsius Network CEO Alex Mashinsky

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, News, Tech News, Investing, Business News

4.3 • 841 Ratings

🗓️ 16 December 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of CRYPTO 101, brought to you by eToro, we sit down with Alex Mashinsky, CEO and founder of Celsius Network, the preeminent crypto lending and borrowing platform. Celsius Network lets you earn interest on your crypto and instantly borrow against it and never charges a fee. In this episode, we do a deep dive on the mechanics at play when interest rates are determined, how the Federal Reserve really works, his vision for the future of banks, and where he sees the industry going in the next few years. Alex invented VoIP (Voice over Internet Protocol), which is the technology underpinning applications like Zoom and Skype. He shares stories from that time of his life, and how telecoms reacted to the technology. He sees lots of parallels with the current revolution happening in the blockchain industry, coining a new term: MoIP (Money over Internet Protocol). Sponsored link: http://etoro.com/crypto101 Guest Links: https://celsius.network/ https://twitter.com/Mashinsky https://twitter.com/CelsiusNetwork Show Links: https://www.CRYPTO2020summit.com https://CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Social: https://twitter.com/Crypto101Pod https://twitter.com/BrycePaul101 https://twitter.com/PizzaMind https://instagram.com/crypto_101 https://www.facebook.com/groups/101Crypto https://www.facebook.com/CRYPTO101Podcast **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Our Sponsors: * Check out Mars Men: https://mengotomars.com * Check out NPR: https://npr.org * Check out Quince and use my code quince.com/crypto101 for a great deal: https://www.quince.com * Check out Scribe and use my code Scribe.how/CRYPTO101 for a great deal: https://scribe.com/Crypto101 * Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.com * Check out Webroot and use my code webroot.com/crypto101 for a great deal: https://www.webroot.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	All right. What is up? Good citizens of Crip Nation. It's your host's Bryce and Pizza Mine.
0:16.5	Pizza Mine, how are you doing today? I am exceptionally excited because we have one of the most charismatic
0:22.7	individuals in the space coming to grace us with his presence his knowledge and his determination
0:29.5	to change the world alex mishinsky from celsius network welcome to the show alice how are you
0:36.8	doing today?
0:38.2	Thanks, guys.
0:39.3	That's quite the introduction.
0:43.1	We like to start things off with some high energy.
0:46.1	But, you know, tell us about yourself.
0:50.0	You got one of the most interesting backgrounds of any founder in crypto.
0:52.7	I mean, you're the CEO, the founder of Celsius Network. But before that, I mean, we're using your technology right now, voice over IP.
0:59.0	You are the creator of that.
1:00.0	So before we even get into Celsius and crypto, can you talk a little bit about discovering
1:05.7	or inventing VOIP?
1:07.2	I'm just super interested because it's a technology we use for work every day.
1:11.3	Sure. And, you know, I feel like if you saw the testimony and, you know,
1:18.7	in the Senate about the Vidman testifying to the truth. So I feel a little bit like that
1:23.9	because I'm an immigrant from the Ukraine who was trying to fight for the
1:28.8	truth. I was fighting the phone companies, right? The phone companies were charging us $3 a minute
1:34.7	to call overseas, 30 cents a minute to call our neighbors. And they had really a monopoly.
1:40.4	They controlled the rails. They controlled the path, the TDM network that we all had to use to communicate with anybody.
1:50.5	And when I saw the Internet in the late 80s and the early 90s, I immediately realized that TCPIP, UDP, all these new protocols running on this really very small network
	...

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