Thread by @otisa502

1/9 "Again, Voice over IP, you’ll say, wait a second, over 4 or 5 billion people use Voice over IP. How can anything be bigger than that? I should be just resting on my laurels. But crypto, the blockchain, is even bigger, because if I’m right, it touches all the

2/9 “money in the world. So you tell me, what’s bigger; us being able to talk to each other or all the money in the world? All the money in the world touches every industry, everything that exists, because everything in one way or another is connected to money.

3/9 “We’ve had about 700 years of banking that brought us to where we are today, since the Venetians, or the Medicis, who kind of invented banking in Italy, we migrated to a world in which, again, the large banks are bigger than most countries.

4/9 “JPMorgan is bigger, with assets, than many of the countries that exist worldwide; they have more assets than countries. They are so powerful that everybody would say, c’mon, it’s impossible to fight against the banks; how are you going to fight against the banks?

5/9 “The truth is, the banks have no power whatsoever. They’re not the ones who create the money; they are the ones who use your money to make more money. So if you withdraw all your money, how much power do these banks have? Zero. That’s what most people don’t understand, that

6/9 “if you withdraw all the money from these banks, if each one of us gave back the credit card and took all the deposits and stop giving them our salaries, our earnings, they would be out of business in no time. My mission is not to drive them out of business; my mission

7/9 “is that you can “Unbank Yourself,” meaning you can use your money to make more money, you can have your money work for you, instead of you always working for the money. Rich people don’t work for their money.

8/9 “Rich people, we see them go on vacations, they hang out, they can take theee-hour lunches. Why? They have so much money that the interest, the income, on their money is more than they can make by just having a job, so they don’t need to have a job (@Otisa502); because just

9/9 “the income on their assets is much more than anyone earns on any of their money.” — Alex Mashinsky

@Mashinsky