I really enjoyed having the chance to speak with Alex Mashinsky, the man who helped completely disrupt the telecom industry with his VOIP patent.
His passion for disrupting old, outdated systems hasn't faded, this is quite evident in this interview. Next on his list is disrupting not only the banking system, but centralized cryptocurrency exchanges as well.
Check it out and let me know what you think in the comments down below!
00:00- 02:28 For those who haven’t heard of your project, can you give a brief overview of what Celsius is all about and what you’re trying to accomplish?
02:28- 03:35 Is this a trading platform? If not, how are you different?
03:35- 05:40 How will Celsius be different from other lending platforms? Which coins will the users be able to lend/borrow? How will this work?
05:40- 08:00 What is the process like for a borrower? What does it mean to provide asset-backed loans?
08:00- 11:30 How will you take advantage of the individuals set on shorting the crypto markets?
11:30- 14:00 How will these fees be be distributed among the Celsius community?
14:00- 15:05 When does your public sale begin? When will your mobile wallet be available?
15:05- 19:30How will lenders specify how many coins they want to lend? How will Celsius flip the script on the banks’ practices?
19:30- 21:43 What practices do you have in place to secure the funds being stored in the community?
21:43- 23:05 When will you announce which financial institution that Celsius has partnered with?
23:05- 24:43 What kinds of educational sources will Celsius be supplying for its users?
24:43- 25:40 Who will be able to participate in your ICO? How can they do so?
25:40- 28:38 How has your experience of being a founder of VOIP (Voice Over Internet Protocol) influenced your motivation to apply your efforts towards cryptocurrency?
Additional Reading/Links:
Initial thoughts sounds like how traditional banking use to work with holders getting paid interest which is generated by lending out capital.
Very interesting idea I will need to do a lot more due diligence on all involved in this project but the idea makes a lot of sense and could be very beneficial to the market as a whole and bring a more stable price as you will have the opportunity to take a loan instead of selling your crypto in times of need and then when the price has stabilised you could then sell the crypto to cover the loan.
I agree completely with the sentiment that the banks are ripping us off which is why I use p2p lending platforms like zopa.com
Here in the UK we also have building societies so at the very least if the banks aren't giving you any meaningful return your capital is not being gambled with on the global derivatives market.
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Banking in some parts are still stuck onto traditional thing. In India some of the small town branches still depend on ledger registers so I see a lot f scope for improvement.
With his expertise in handling and successfully delivering a new life to Telecom I'm sure crypto too will see a new light and acceptability in coming days.
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Heidi thank you for providing us with this interview, Alex is truly passionate about his project and it shows.
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Good friend.
I like your post.
Upvote and resteem
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i like it wonderfullpost.
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You must really believe in this ICO with so may new and old ICOs has come and gone.
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Sounds very exciting. There are so many avenues that are getting very exciting. Thank you for the post.
dubloon135
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Not sure another form of debt is what humanity needs at this point, but I could be wrong.
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Love following these disruptive projects... all progress ends up steeming from ones such as these.
Nice content, resteemed!
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