Discover and read the best of Twitter Threads about #BanksAreNotYourFriends
Most recents (2)
1/15 "You have to think of money as water; it always wants to flow downhill where the yields are higher. Money is trying to go to the places where it does the most good. You have to think of the banks and the financial system we have today as like this dam
2/15 “that the financial system built that’s holding the money where they want it, because that’s where they can extract enough value out of it. So if you just crack the dam, or if you just allow the water to go around the dam, it will all flow up to the other place.
3/15 “I totally agree #Bitcoin is open-source money, we call it MoIP, or money over IP, just like VoIP is another form of free communication that, again, bypasses the dam that the phone companies created to hold back communications and charge us as a toll collector huge
1/6 ZACH: “Otis is asking, Alex, you have about 268 million CEL tokens in the app. How do you earn yield on those tokens?”
@Mashinsky: “Great question. Otis always has piercing questions. He’s not shy. He’s a Top 100 guy, one of our best supporters. I’m very happy for him.
@Mashinsky: “Great question. Otis always has piercing questions. He’s not shy. He’s a Top 100 guy, one of our best supporters. I’m very happy for him.
2/6 “I think we made him — we added him to the 1%. We took — not we, but I’m saying, he’s one of those guys in the community who believed in it from the beginning and poof, became part of the 1%. I’m talking like part of the 1% of the United States, not part of the 1% in Celsius.
3/6 “I’m very happy for you, Otis.
We do several things. First, we issue loans. As of a few months ago, you can take loans against CEL, we earn yield on that. CEL is being used for market making; so when you go on Uniswap, for example, CEL token is being used to do market making
We do several things. First, we issue loans. As of a few months ago, you can take loans against CEL, we earn yield on that. CEL is being used for market making; so when you go on Uniswap, for example, CEL token is being used to do market making
