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OtisA502 ⓒ

@otisa502

13 Apr

@davidlin_TV

1/7 DAVID (@davidlin_TV): "I want to ask you if this boom in #Bitcoin prices over the last year has had anything to do with investors’ and consumers’ expectations of using #Bitcoin as a form of payment; if people were expecting #Bitcoin to be used in everyday life on a

2/7 “more regular basis and they might think, OK, now I need some digital currencies to make purchases? Recently, Visa, PayPal, they’ve allowed #Bitcoin to be used, not even as a form of — you don’t even need to convert it anymore, you can directly buy goods on those platforms

@Mashinsky

3/7 “using #Bitcoin. This is kind of revolutionary, don’t you think? Or do you not see #Bitcoin taking off as a kind of payment anytime soon? What are your thoughts?"

ALEX: (@Mashinsky): "That’s a great question. The galvanized best example of this is Tesla

Read 7 tweets

OtisA502 ⓒ

@otisa502

13 Apr

@davidlin_TV

1/4 DAVID (@davidlin_TV): “Let’s go back to the money-printing aspect of this: If you’re creating more currency, if you’re creating more money, basically, is what the argument is here, what would happen to the value of our assets?”

ALEX (@Mashinsky): "So there’s no doubt that

2/4 “money creation eventually leads to inflation and debasement of the currency. In the history of currencies — I think there were just about over 800 fiat currencies in the history of the world — all of them went to zero, all the ones that created inflation went to zero.

3/4 “So I think we are running an experiment that we know how it ends. It’s not like we don’t have history. We have plenty of history with other examples of other nations just continuously printing money. So I think we are definitely playing with fire, and that’s why other

Read 4 tweets

OtisA502 ⓒ

@otisa502

13 Apr

@davidlin_TV

1/5 DAVID (@davidlin_TV): "I think people are wondering what’s your secret sauce; how are you able to offer such high yields that even banks can’t offer right now? How is that possible?"

ALEX (@Mashinsky): "We use the equivalent to sec lending, or rehypothecation.

2/5 “So we basically create a lending product that uses the underlying value and we give back to the community, to our users, up to 80% of the value created. We’ve been doing that for 3 and a half years. We’ve paid over $320 million worth of interest, or income, to our community.

3/5 “And you can choose to earn it in kind, meaning in #Bitcoin or in gold or in Ethereum, or you can choose to earn it in CEL token. In CEL token you earn a little bit more and the CEL token, if it appreciates, you make much more than that.

Read 5 tweets

OtisA502 ⓒ

@otisa502

12 Apr

@Heartysailorman

@Heartysailorman thanked me for the quotes and said he hopes I’m not recording the Zoom community calls.

Let me state this loud and clear: I would never record a Zoom community call. We all agreed way back when before many of you knew about this call to never record them.

@Crypto_Flippin

I even tweeted out earlier when someone asked did someone record this call, I said @Crypto_Flippin said a long time ago, and we agreed, that these calls should never be recorded because then the team members won’t feel free to speak freely.

I’m willing to bet my entire CEL bag that I didn’t record this call, or recorded any prior calls, or plan to record any future calls. For those that don’t know, I’m a court reporter by trade, and a damn good one, so I have great listening, remembering and quoting skills.

Read 5 tweets

OtisA502 ⓒ

@otisa502

12 Apr

1/3 “Celsius is not a problem to the SEC because we are operating as if we are a security. If the SEC wakes up tomorrow and says Celsius is a security, nothing will change, zero. If the SEC loses the XRP case, Coinbase will list CEL token. We are not worried. If the SEC loses

2/3 “we can do a lot of things. A lot of other companies are much closer to the line than Celsius, so I’m not worried about it. Many people in the Biden Administration look at what Celsius does as a positive thing. The Biden Administration considers what Celsius is doing as what

3/3 “they want to do; they look at what Celsius is doing as a positive thing. I don’t see anyone coming out of left field & saying Celsius is a bad thing. They’re going after REDACTED because they’re stealing from Americans.” — Alex Mashinsky | 4/11 Celsius Community Zoom Call

Read 4 tweets

OtisA502 ⓒ

@otisa502

11 Apr

@Zach_HODL_ON

1/7 ZACH (@Zach_HODL_ON): “There was a gentleman on Clubhouse this week that said, 'Zach, wait a second, are you guys telling me that I can earn 10% on dollar stablecoins?' I said, ‘Yes, absolutely, we’ve been like that.'

https://twitter.com/GinisAlexander/status/1381259074352844801

@Mashinsky

2/7 “He said, ‘Why are people not screaming this in the streets?’ And he said, ‘You should be screaming it in the streets.’”

ALEX (@Mashinsky): "Let me scream it right now, I’ll scream it right now. Again, understand this: When you give your money to the bank, they pay you

3/7 “nothing back and they give you an IOU. It’s at risk, OK. All those mountains of money we showed you are ahead of you; you're the last guy in line to collect, and then there’s a bail-in before you collect, if something goes wrong; versus when you buy a stablecoin, you’re

Read 7 tweets

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