{"version":"1.0.0","segments":[{"speaker":"Matt Zahab","startTime":7.92,"endTime":11.73,"body":"Folks, today's guest"},{"speaker":"Matt Zahab","startTime":7.92,"endTime":11.73,"body":"needs no intro. This gentleman"},{"speaker":"Matt Zahab","startTime":11.88,"endTime":15.42,"body":"is going straight to the Hall of"},{"speaker":"Matt Zahab","startTime":11.88,"endTime":15.42,"body":"Fame. Ever heard of VoIP? Voice"},{"speaker":"Matt Zahab","startTime":15.42,"endTime":18.24,"body":"of IP? You know the thing we're"},{"speaker":"Matt Zahab","startTime":15.42,"endTime":18.24,"body":"using right now to record? He"},{"speaker":"Matt Zahab","startTime":18.24,"endTime":22.47,"body":"created it. Ever heard of DeFi?"},{"speaker":"Matt Zahab","startTime":18.24,"endTime":22.47,"body":"Also created it. Ever used Wi Fi"},{"speaker":"Matt Zahab","startTime":22.47,"endTime":26.01,"body":"and the New York City subway"},{"speaker":"Matt Zahab","startTime":22.47,"endTime":26.01,"body":"system. You can thank him for"},{"speaker":"Matt Zahab","startTime":26.01,"endTime":29.52,"body":"that too. What about receiving"},{"speaker":"Matt Zahab","startTime":26.01,"endTime":29.52,"body":"interest on your crypto? That's"},{"speaker":"Matt Zahab","startTime":29.52,"endTime":33.93,"body":"also today's guest. This man is"},{"speaker":"Matt Zahab","startTime":29.52,"endTime":33.93,"body":"a true crypto pioneer and"},{"speaker":"Matt Zahab","startTime":33.93,"endTime":38.07,"body":"Trailblazer, Present day, he's"},{"speaker":"Matt Zahab","startTime":33.93,"endTime":38.07,"body":"the founder and CEO of Celsius,"},{"speaker":"Matt Zahab","startTime":38.1,"endTime":42.24,"body":"the world's leading DeFi"},{"speaker":"Matt Zahab","startTime":38.1,"endTime":42.24,"body":"platform. I'm very pleased to"},{"speaker":"Matt Zahab","startTime":42.24,"endTime":45.99,"body":"welcome to the crypto news"},{"speaker":"Matt Zahab","startTime":42.24,"endTime":45.99,"body":"podcast, Alex Mashinsky. Alex,"},{"speaker":"Matt Zahab","startTime":46.02,"endTime":46.8,"body":"welcome to the show."},{"speaker":"Alex Mashinsky","startTime":47.1,"endTime":49.38,"body":"Thanks, Matt."},{"speaker":"Alex Mashinsky","startTime":47.1,"endTime":49.38,"body":"Thanks for that introduction."},{"speaker":"Matt Zahab","startTime":49.57,"endTime":53.23,"body":"Very, very happy to"},{"speaker":"Matt Zahab","startTime":49.57,"endTime":53.23,"body":"have you here. I always do, a I"},{"speaker":"Matt Zahab","startTime":53.23,"endTime":56.8,"body":"tried to do some research on my"},{"speaker":"Matt Zahab","startTime":53.23,"endTime":56.8,"body":"guests before they jump on and"},{"speaker":"Matt Zahab","startTime":57.4,"endTime":59.47,"body":"one, I have always been a fan of"},{"speaker":"Matt Zahab","startTime":57.4,"endTime":59.47,"body":"you, not trying to blow smoke,"},{"speaker":"Matt Zahab","startTime":59.47,"endTime":62.62,"body":"but I have been a huge fan you"},{"speaker":"Matt Zahab","startTime":59.47,"endTime":62.62,"body":"for a while and just even in the"},{"speaker":"Matt Zahab","startTime":62.62,"endTime":65.08,"body":"last couple days during research"},{"speaker":"Matt Zahab","startTime":62.62,"endTime":65.08,"body":"holy shit have I learned a lot."},{"speaker":"Matt Zahab","startTime":65.08,"endTime":68.98,"body":"So thank you for that. Kudos,"},{"speaker":"Matt Zahab","startTime":65.08,"endTime":68.98,"body":"you're the man. couple of really"},{"speaker":"Matt Zahab","startTime":68.98,"endTime":71.53,"body":"interesting things before we get"},{"speaker":"Matt Zahab","startTime":68.98,"endTime":71.53,"body":"into Celsius, the bread and"},{"speaker":"Matt Zahab","startTime":71.53,"endTime":73.42,"body":"butter of the show. I want to"},{"speaker":"Matt Zahab","startTime":71.53,"endTime":73.42,"body":"talk about a little bit about"},{"speaker":"Matt Zahab","startTime":73.42,"endTime":77.47,"body":"your past. I think good place to"},{"speaker":"Matt Zahab","startTime":73.42,"endTime":77.47,"body":"start would be, as you're in New"},{"speaker":"Matt Zahab","startTime":77.47,"endTime":79.84,"body":"York right now. And as we can"},{"speaker":"Matt Zahab","startTime":77.47,"endTime":79.84,"body":"hear the siren sort of buzzing"},{"speaker":"Matt Zahab","startTime":79.84,"endTime":83.29,"body":"in the background, I'd love to"},{"speaker":"Matt Zahab","startTime":79.84,"endTime":83.29,"body":"talk about how the heck did you"},{"speaker":"Matt Zahab","startTime":83.29,"endTime":86.47,"body":"get Wi Fi in the New York City"},{"speaker":"Matt Zahab","startTime":83.29,"endTime":86.47,"body":"subway system?"},{"speaker":"Alex Mashinsky","startTime":86.54,"endTime":90.95,"body":"Sure, yeah, it's"},{"speaker":"Alex Mashinsky","startTime":86.54,"endTime":90.95,"body":"a long story, I'll give you the"},{"speaker":"Alex Mashinsky","startTime":90.95,"endTime":96.2,"body":"short version. But basically, my"},{"speaker":"Alex Mashinsky","startTime":90.95,"endTime":96.2,"body":"best friend died at the towers"},{"speaker":"Alex Mashinsky","startTime":96.2,"endTime":101.27,"body":"September 11. And when those"},{"speaker":"Alex Mashinsky","startTime":96.2,"endTime":101.27,"body":"towers collapse, they'd kind of"},{"speaker":"Alex Mashinsky","startTime":101.27,"endTime":107.3,"body":"shut down the entire subway"},{"speaker":"Alex Mashinsky","startTime":101.27,"endTime":107.3,"body":"system in New York City. And it"},{"speaker":"Alex Mashinsky","startTime":107.3,"endTime":110.48,"body":"took years to kind of rebuild"},{"speaker":"Alex Mashinsky","startTime":107.3,"endTime":110.48,"body":"all that stuff. And obviously, a"},{"speaker":"Alex Mashinsky","startTime":110.48,"endTime":115.04,"body":"lot of people died. And, you"},{"speaker":"Alex Mashinsky","startTime":110.48,"endTime":115.04,"body":"know, hundreds of 1000s of"},{"speaker":"Alex Mashinsky","startTime":115.04,"endTime":117.77,"body":"people got stuck in the subways"},{"speaker":"Alex Mashinsky","startTime":115.04,"endTime":117.77,"body":"without any communication"},{"speaker":"Alex Mashinsky","startTime":117.77,"endTime":120.92,"body":"without any. Because back in the"},{"speaker":"Alex Mashinsky","startTime":117.77,"endTime":120.92,"body":"day, we only had payphones at"},{"speaker":"Alex Mashinsky","startTime":120.92,"endTime":124.34,"body":"the stations, that was only kind"},{"speaker":"Alex Mashinsky","startTime":120.92,"endTime":124.34,"body":"of connectivity. And you would"},{"speaker":"Alex Mashinsky","startTime":124.34,"endTime":127.73,"body":"stand in line and wait for five"},{"speaker":"Alex Mashinsky","startTime":124.34,"endTime":127.73,"body":"guys to make their call before"},{"speaker":"Alex Mashinsky","startTime":127.73,"endTime":131.75,"body":"you had any reception. Or you"},{"speaker":"Alex Mashinsky","startTime":127.73,"endTime":131.75,"body":"had to leave the station and pay"},{"speaker":"Alex Mashinsky","startTime":131.75,"endTime":137.24,"body":"the tall to get coverage. So I"},{"speaker":"Alex Mashinsky","startTime":131.75,"endTime":137.24,"body":"decided, I said you know what,"},{"speaker":"Alex Mashinsky","startTime":137.24,"endTime":140.33,"body":"I'm gonna do this for the city,"},{"speaker":"Alex Mashinsky","startTime":137.24,"endTime":140.33,"body":"everybody's helping with"},{"speaker":"Alex Mashinsky","startTime":140.33,"endTime":144.65,"body":"different things. I'm gonna get"},{"speaker":"Alex Mashinsky","startTime":140.33,"endTime":144.65,"body":"this project done right and it"},{"speaker":"Alex Mashinsky","startTime":144.65,"endTime":149.06,"body":"took several years to just"},{"speaker":"Alex Mashinsky","startTime":144.65,"endTime":149.06,"body":"convince the city to even think"},{"speaker":"Alex Mashinsky","startTime":149.06,"endTime":155.12,"body":"about the idea of allowing an"},{"speaker":"Alex Mashinsky","startTime":149.06,"endTime":155.12,"body":"external vendor to put the"},{"speaker":"Alex Mashinsky","startTime":155.15,"endTime":159.56,"body":"signaling in the subways, the"},{"speaker":"Alex Mashinsky","startTime":155.15,"endTime":159.56,"body":"New York subway system is the"},{"speaker":"Alex Mashinsky","startTime":159.56,"endTime":164.48,"body":"largest in the world over 300"},{"speaker":"Alex Mashinsky","startTime":159.56,"endTime":164.48,"body":"Underground stations. And they"},{"speaker":"Alex Mashinsky","startTime":164.48,"endTime":168.2,"body":"just basically kept telling me,"},{"speaker":"Alex Mashinsky","startTime":164.48,"endTime":168.2,"body":"we don't need it. You know,"},{"speaker":"Alex Mashinsky","startTime":169.1,"endTime":172.55,"body":"terrorists may use it to trigger"},{"speaker":"Alex Mashinsky","startTime":169.1,"endTime":172.55,"body":"bombs, we're not going to let"},{"speaker":"Alex Mashinsky","startTime":172.55,"endTime":176.36,"body":"you run it. And then they"},{"speaker":"Alex Mashinsky","startTime":172.55,"endTime":176.36,"body":"decided to open it to bid and"},{"speaker":"Alex Mashinsky","startTime":176.36,"endTime":183.59,"body":"like 200 companies applied to"},{"speaker":"Alex Mashinsky","startTime":176.36,"endTime":183.59,"body":"build it, right my idea. And"},{"speaker":"Alex Mashinsky","startTime":184.34,"endTime":188.12,"body":"including all the carriers"},{"speaker":"Alex Mashinsky","startTime":184.34,"endTime":188.12,"body":"getting together, at\u0026t, Verizon,"},{"speaker":"Alex Mashinsky","startTime":188.12,"endTime":193.76,"body":"Sprint, T Mobile all got"},{"speaker":"Alex Mashinsky","startTime":188.12,"endTime":193.76,"body":"together and bid against me for"},{"speaker":"Alex Mashinsky","startTime":193.76,"endTime":200.33,"body":"this concept of building the"},{"speaker":"Alex Mashinsky","startTime":193.76,"endTime":200.33,"body":"system. And we got all the way"},{"speaker":"Alex Mashinsky","startTime":200.33,"endTime":210.08,"body":"to like 2007, where we finally"},{"speaker":"Alex Mashinsky","startTime":200.33,"endTime":210.08,"body":"won the award, the MTA, which"},{"speaker":"Alex Mashinsky","startTime":210.08,"endTime":214.52,"body":"operates the systems, decided"},{"speaker":"Alex Mashinsky","startTime":210.08,"endTime":214.52,"body":"that the transit wireless, which"},{"speaker":"Alex Mashinsky","startTime":214.55,"endTime":218.51,"body":"my company had the best"},{"speaker":"Alex Mashinsky","startTime":214.55,"endTime":218.51,"body":"proposal, it had the least"},{"speaker":"Alex Mashinsky","startTime":218.51,"endTime":223.94,"body":"amount of disruption for a while"},{"speaker":"Alex Mashinsky","startTime":218.51,"endTime":223.94,"body":"we're gonna do the build out"},{"speaker":"Alex Mashinsky","startTime":223.94,"endTime":227.12,"body":"then it costs the least amount"},{"speaker":"Alex Mashinsky","startTime":223.94,"endTime":227.12,"body":"of money. And basically, we had"},{"speaker":"Alex Mashinsky","startTime":227.12,"endTime":230.69,"body":"to foot the bill, we had to pay"},{"speaker":"Alex Mashinsky","startTime":227.12,"endTime":230.69,"body":"like $300 million to build it,"},{"speaker":"Alex Mashinsky","startTime":230.93,"endTime":235.01,"body":"and hope that they will come and"},{"speaker":"Alex Mashinsky","startTime":230.93,"endTime":235.01,"body":"they are the four carriers"},{"speaker":"Alex Mashinsky","startTime":235.04,"endTime":238.01,"body":"because I can't provide the"},{"speaker":"Alex Mashinsky","startTime":235.04,"endTime":238.01,"body":"service. The signal belongs to"},{"speaker":"Alex Mashinsky","startTime":238.01,"endTime":241.67,"body":"at\u0026t. My job is just to"},{"speaker":"Alex Mashinsky","startTime":238.01,"endTime":241.67,"body":"rebroadcast the signal"},{"speaker":"Alex Mashinsky","startTime":241.67,"endTime":246.08,"body":"underground. And obviously, when"},{"speaker":"Alex Mashinsky","startTime":241.67,"endTime":246.08,"body":"we build it, the carrier said,"},{"speaker":"Alex Mashinsky","startTime":246.11,"endTime":249.23,"body":"we're not going to put our"},{"speaker":"Alex Mashinsky","startTime":246.11,"endTime":249.23,"body":"service on you. We hate you"},{"speaker":"Alex Mashinsky","startTime":249.23,"endTime":253.49,"body":"guys. Because the subway system"},{"speaker":"Alex Mashinsky","startTime":249.23,"endTime":253.49,"body":"is like a gym membership. You"},{"speaker":"Alex Mashinsky","startTime":253.49,"endTime":258.2,"body":"want to basically when they,"},{"speaker":"Alex Mashinsky","startTime":253.49,"endTime":258.2,"body":"when you are an at\u0026t customer"},{"speaker":"Alex Mashinsky","startTime":258.2,"endTime":261.05,"body":"and you're underground without"},{"speaker":"Alex Mashinsky","startTime":258.2,"endTime":261.05,"body":"reception. It's like you're not"},{"speaker":"Alex Mashinsky","startTime":261.05,"endTime":264.26,"body":"going to the gym, they get paid"},{"speaker":"Alex Mashinsky","startTime":261.05,"endTime":264.26,"body":"for free. You're the monthly fee"},{"speaker":"Alex Mashinsky","startTime":264.26,"endTime":270.26,"body":"without using the service. Well"},{"speaker":"Alex Mashinsky","startTime":264.26,"endTime":270.26,"body":"said. So we didn't just put Wi"},{"speaker":"Alex Mashinsky","startTime":270.26,"endTime":277.31,"body":"Fi we put the 5g in the 4g"},{"speaker":"Alex Mashinsky","startTime":270.26,"endTime":277.31,"body":"services as well. And today, 8"},{"speaker":"Alex Mashinsky","startTime":277.31,"endTime":281.9,"body":"million New Yorkers get it for"},{"speaker":"Alex Mashinsky","startTime":277.31,"endTime":281.9,"body":"free. Basically you we got the"},{"speaker":"Alex Mashinsky","startTime":281.9,"endTime":288.38,"body":"at\u0026t Verizon sprint to foot the"},{"speaker":"Alex Mashinsky","startTime":281.9,"endTime":288.38,"body":"bill and all New Yorkers and all"},{"speaker":"Alex Mashinsky","startTime":288.38,"endTime":291.41,"body":"tourists gathered for free. So I"},{"speaker":"Alex Mashinsky","startTime":288.38,"endTime":291.41,"body":"love that, you know, I'd say"},{"speaker":"Alex Mashinsky","startTime":291.65,"endTime":294.02,"body":"it's kind of similar to what"},{"speaker":"Alex Mashinsky","startTime":291.65,"endTime":294.02,"body":"we're doing in Celsius network"},{"speaker":"Alex Mashinsky","startTime":294.02,"endTime":298.61,"body":"where we got the institution to"},{"speaker":"Alex Mashinsky","startTime":294.02,"endTime":298.61,"body":"pay 10 million in interest a"},{"speaker":"Alex Mashinsky","startTime":298.61,"endTime":305.87,"body":"week to 650,000 users so Voice"},{"speaker":"Alex Mashinsky","startTime":298.61,"endTime":305.87,"body":"of IP, the subways, Celsius all"},{"speaker":"Alex Mashinsky","startTime":305.9,"endTime":310.76,"body":"they all have the same idea"},{"speaker":"Alex Mashinsky","startTime":305.9,"endTime":310.76,"body":"behind them of doing good and"},{"speaker":"Alex Mashinsky","startTime":310.76,"endTime":311.57,"body":"doing well."},{"speaker":"Matt Zahab","startTime":311.66,"endTime":313.64,"body":"You're the true"},{"speaker":"Matt Zahab","startTime":311.66,"endTime":313.64,"body":"Robin Hood. I don't know why"},{"speaker":"Matt Zahab","startTime":313.64,"endTime":317.27,"body":"Vlad thinks he's Robin Hood, you"},{"speaker":"Matt Zahab","startTime":313.64,"endTime":317.27,"body":"know, CEO of Robin Hood. You're"},{"speaker":"Matt Zahab","startTime":317.27,"endTime":319.55,"body":"the true Robin Hood. Vlad, sort"},{"speaker":"Matt Zahab","startTime":317.27,"endTime":319.55,"body":"of, you know, logical guy."},{"speaker":"Matt Zahab","startTime":319.55,"endTime":321.56,"body":"Hopefully we can get him on the"},{"speaker":"Matt Zahab","startTime":319.55,"endTime":321.56,"body":"pod, but he sort of looks like"},{"speaker":"Matt Zahab","startTime":321.56,"endTime":324.86,"body":"Lord farquaad. And you know, I"},{"speaker":"Matt Zahab","startTime":321.56,"endTime":324.86,"body":"saw Dave Portnoy rip him on"},{"speaker":"Matt Zahab","startTime":324.86,"endTime":327.14,"body":"Twitter. I don't know if you've"},{"speaker":"Matt Zahab","startTime":324.86,"endTime":327.14,"body":"seen that. But"},{"speaker":"Alex Mashinsky","startTime":327.68,"endTime":329.66,"body":"He definitely"},{"speaker":"Alex Mashinsky","startTime":327.68,"endTime":329.66,"body":"can't compete with Celsius"},{"speaker":"Alex Mashinsky","startTime":329.66,"endTime":335.18,"body":"because we paid yes over $500"},{"speaker":"Alex Mashinsky","startTime":329.66,"endTime":335.18,"body":"million to our community. And he"},{"speaker":"Alex Mashinsky","startTime":335.18,"endTime":338.0,"body":"might give you the service"},{"speaker":"Alex Mashinsky","startTime":335.18,"endTime":338.0,"body":"without charging you a fee. But"},{"speaker":"Alex Mashinsky","startTime":338.0,"endTime":342.17,"body":"he's not paying anything out."},{"speaker":"Alex Mashinsky","startTime":338.0,"endTime":342.17,"body":"He's keeping all those all the"},{"speaker":"Alex Mashinsky","startTime":342.17,"endTime":345.38,"body":"income that is generating from"},{"speaker":"Alex Mashinsky","startTime":342.17,"endTime":345.38,"body":"sec lending all to himself"},{"speaker":"Matt Zahab","startTime":345.0,"endTime":348.6,"body":"Yeah, and all this"},{"speaker":"Matt Zahab","startTime":345.0,"endTime":348.6,"body":"recent Doge bag that he's"},{"speaker":"Matt Zahab","startTime":348.6,"endTime":351.75,"body":"secured as well, that stand"},{"speaker":"Matt Zahab","startTime":348.6,"endTime":351.75,"body":"right in his pockets. You"},{"speaker":"Matt Zahab","startTime":351.75,"endTime":354.54,"body":"touched on Celsius, which we"},{"speaker":"Matt Zahab","startTime":351.75,"endTime":354.54,"body":"will definitely get to, I want"},{"speaker":"Matt Zahab","startTime":354.54,"endTime":358.89,"body":"to go back to voice over IP as"},{"speaker":"Matt Zahab","startTime":354.54,"endTime":358.89,"body":"well VOIP. Now the software"},{"speaker":"Matt Zahab","startTime":358.89,"endTime":362.85,"body":"we're using right now, using"},{"speaker":"Matt Zahab","startTime":358.89,"endTime":362.85,"body":"VOIP like, is it not weird to"},{"speaker":"Matt Zahab","startTime":362.85,"endTime":366.75,"body":"have created so many massive"},{"speaker":"Matt Zahab","startTime":362.85,"endTime":366.75,"body":"tools and pieces of technology"},{"speaker":"Matt Zahab","startTime":366.75,"endTime":369.84,"body":"that people use every single"},{"speaker":"Matt Zahab","startTime":366.75,"endTime":369.84,"body":"day? And like, to my knowledge,"},{"speaker":"Matt Zahab","startTime":369.84,"endTime":372.06,"body":"not a lot of people like you"},{"speaker":"Matt Zahab","startTime":369.84,"endTime":372.06,"body":"know, no one gets on the subway"},{"speaker":"Matt Zahab","startTime":372.06,"endTime":374.49,"body":"and it's like, Oh, thank God for"},{"speaker":"Matt Zahab","startTime":372.06,"endTime":374.49,"body":"Alex or no one uses zoom and is"},{"speaker":"Matt Zahab","startTime":374.49,"endTime":376.98,"body":"like all thank God for"},{"speaker":"Matt Zahab","startTime":374.49,"endTime":376.98,"body":"Mashinsky, like said no, we're"},{"speaker":"Matt Zahab","startTime":376.98,"endTime":378.18,"body":"not how does that all play out?"},{"speaker":"Alex Mashinsky","startTime":378.33,"endTime":380.37,"body":"Well, I can tell"},{"speaker":"Alex Mashinsky","startTime":378.33,"endTime":380.37,"body":"you my own kids don't believe"},{"speaker":"Alex Mashinsky","startTime":380.37,"endTime":384.0,"body":"that right there. Like they keep"},{"speaker":"Alex Mashinsky","startTime":380.37,"endTime":384.0,"body":"telling me like, Dad, you're not"},{"speaker":"Alex Mashinsky","startTime":384.0,"endTime":387.81,"body":"that cool. You didn't create"},{"speaker":"Alex Mashinsky","startTime":384.0,"endTime":387.81,"body":"Skype, you know, you didn't"},{"speaker":"Alex Mashinsky","startTime":387.96,"endTime":391.98,"body":"create zoom. So I didn't create"},{"speaker":"Alex Mashinsky","startTime":387.96,"endTime":391.98,"body":"Skype or zoom I created the"},{"speaker":"Alex Mashinsky","startTime":391.98,"endTime":396.03,"body":"underlying technology, the"},{"speaker":"Alex Mashinsky","startTime":391.98,"endTime":396.03,"body":"protocol that we're all using,"},{"speaker":"Alex Mashinsky","startTime":396.03,"endTime":399.87,"body":"because it's open source, right?"},{"speaker":"Alex Mashinsky","startTime":396.03,"endTime":399.87,"body":"I mean, we effectively gave it"},{"speaker":"Alex Mashinsky","startTime":399.87,"endTime":403.98,"body":"to the world, right? I mean,"},{"speaker":"Alex Mashinsky","startTime":399.87,"endTime":403.98,"body":"something like 5 billion people"},{"speaker":"Alex Mashinsky","startTime":403.98,"endTime":410.7,"body":"use it every day. For all voice"},{"speaker":"Alex Mashinsky","startTime":403.98,"endTime":410.7,"body":"communications and back in the"},{"speaker":"Alex Mashinsky","startTime":410.7,"endTime":415.41,"body":"day, it definitely sounded like"},{"speaker":"Alex Mashinsky","startTime":410.7,"endTime":415.41,"body":"a crazy idea. Because the entire"},{"speaker":"Alex Mashinsky","startTime":415.41,"endTime":421.89,"body":"internet back in 1994, the"},{"speaker":"Alex Mashinsky","startTime":415.41,"endTime":421.89,"body":"entire internet ran on the phone"},{"speaker":"Alex Mashinsky","startTime":421.89,"endTime":425.73,"body":"network. So if you went to"},{"speaker":"Alex Mashinsky","startTime":421.89,"endTime":425.73,"body":"people and you told them no, you"},{"speaker":"Alex Mashinsky","startTime":425.73,"endTime":427.86,"body":"don't understand the phone"},{"speaker":"Alex Mashinsky","startTime":425.73,"endTime":427.86,"body":"network is going to run on the"},{"speaker":"Alex Mashinsky","startTime":427.86,"endTime":431.37,"body":"internet, they're like. Look,"},{"speaker":"Alex Mashinsky","startTime":427.86,"endTime":431.37,"body":"you just don't understand how"},{"speaker":"Alex Mashinsky","startTime":431.37,"endTime":435.66,"body":"things work, go back to the"},{"speaker":"Alex Mashinsky","startTime":431.37,"endTime":435.66,"body":"books and learn and you'll see"},{"speaker":"Alex Mashinsky","startTime":435.66,"endTime":440.91,"body":"that everybody's using a modem"},{"speaker":"Alex Mashinsky","startTime":435.66,"endTime":440.91,"body":"to dial in to the internet. But"},{"speaker":"Alex Mashinsky","startTime":441.9,"endTime":445.14,"body":"to be successful at innovation,"},{"speaker":"Alex Mashinsky","startTime":441.9,"endTime":445.14,"body":"you have to project yourself"},{"speaker":"Alex Mashinsky","startTime":445.14,"endTime":449.37,"body":"into the future, you have to"},{"speaker":"Alex Mashinsky","startTime":445.14,"endTime":449.37,"body":"imagine that you living in 2030"},{"speaker":"Alex Mashinsky","startTime":449.37,"endTime":451.86,"body":"and say, Okay, well, what does"},{"speaker":"Alex Mashinsky","startTime":449.37,"endTime":451.86,"body":"the world look like? What does"},{"speaker":"Alex Mashinsky","startTime":452.07,"endTime":454.95,"body":"technology look like? What does"},{"speaker":"Alex Mashinsky","startTime":452.07,"endTime":454.95,"body":"my phone or my communication"},{"speaker":"Alex Mashinsky","startTime":454.95,"endTime":458.28,"body":"look like? And if you can do"},{"speaker":"Alex Mashinsky","startTime":454.95,"endTime":458.28,"body":"that, then you can create that"},{"speaker":"Alex Mashinsky","startTime":458.73,"endTime":463.32,"body":"new world in your head. And then"},{"speaker":"Alex Mashinsky","startTime":458.73,"endTime":463.32,"body":"you try to bring everybody"},{"speaker":"Alex Mashinsky","startTime":463.32,"endTime":465.9,"body":"there, you try to bring the rest"},{"speaker":"Alex Mashinsky","startTime":463.32,"endTime":465.9,"body":"of humanity there. Now,"},{"speaker":"Alex Mashinsky","startTime":465.99,"endTime":471.96,"body":"sometimes humanity joins you and"},{"speaker":"Alex Mashinsky","startTime":465.99,"endTime":471.96,"body":"sometimes it doesn't you you"},{"speaker":"Alex Mashinsky","startTime":471.96,"endTime":475.65,"body":"spoke about my successes, these"},{"speaker":"Alex Mashinsky","startTime":471.96,"endTime":475.65,"body":"are the three unicorns that I"},{"speaker":"Alex Mashinsky","startTime":475.65,"endTime":478.95,"body":"created. But I also created"},{"speaker":"Alex Mashinsky","startTime":475.65,"endTime":478.95,"body":"another company called ground"},{"speaker":"Alex Mashinsky","startTime":478.95,"endTime":485.01,"body":"link, which was Uber before"},{"speaker":"Alex Mashinsky","startTime":478.95,"endTime":485.01,"body":"Uber. And our focus was on the"},{"speaker":"Alex Mashinsky","startTime":485.01,"endTime":488.97,"body":"drivers. We wanted the happy"},{"speaker":"Alex Mashinsky","startTime":485.01,"endTime":488.97,"body":"drivers equals happy customers"},{"speaker":"Alex Mashinsky","startTime":489.42,"endTime":494.22,"body":"and Uber said no, no. Happy"},{"speaker":"Alex Mashinsky","startTime":489.42,"endTime":494.22,"body":"customers equals unhappy"},{"speaker":"Alex Mashinsky","startTime":494.22,"endTime":498.54,"body":"drivers, if we just subsidize"},{"speaker":"Alex Mashinsky","startTime":494.22,"endTime":498.54,"body":"the rates for the customers for"},{"speaker":"Alex Mashinsky","startTime":498.54,"endTime":503.25,"body":"the yuppies, who zip around and"},{"speaker":"Alex Mashinsky","startTime":498.54,"endTime":503.25,"body":"Uber every day, and we don't"},{"speaker":"Alex Mashinsky","startTime":503.25,"endTime":505.26,"body":"care how much we pay the"},{"speaker":"Alex Mashinsky","startTime":503.25,"endTime":505.26,"body":"drivers, the drivers are"},{"speaker":"Alex Mashinsky","startTime":505.26,"endTime":509.67,"body":"disposable, you know, so and"},{"speaker":"Alex Mashinsky","startTime":505.26,"endTime":509.67,"body":"they burned through, I don't"},{"speaker":"Alex Mashinsky","startTime":509.67,"endTime":514.35,"body":"know $16 billion worth of"},{"speaker":"Alex Mashinsky","startTime":509.67,"endTime":514.35,"body":"subsidies and took the company"},{"speaker":"Alex Mashinsky","startTime":514.35,"endTime":520.38,"body":"public. And it's not always the"},{"speaker":"Alex Mashinsky","startTime":514.35,"endTime":520.38,"body":"best idea that wins. Many times,"},{"speaker":"Alex Mashinsky","startTime":520.65,"endTime":523.8,"body":"if you have enough money, you"},{"speaker":"Alex Mashinsky","startTime":520.65,"endTime":523.8,"body":"can take a really bad idea and"},{"speaker":"Alex Mashinsky","startTime":523.8,"endTime":527.61,"body":"make it win. Obviously, Uber has"},{"speaker":"Alex Mashinsky","startTime":523.8,"endTime":527.61,"body":"never made $1 of profit in his"},{"speaker":"Alex Mashinsky","startTime":527.61,"endTime":533.61,"body":"history. And it's an 11 year old"},{"speaker":"Alex Mashinsky","startTime":527.61,"endTime":533.61,"body":"company. So you know, being in"},{"speaker":"Alex Mashinsky","startTime":533.61,"endTime":536.22,"body":"the right place is very"},{"speaker":"Alex Mashinsky","startTime":533.61,"endTime":536.22,"body":"important be the right place at"},{"speaker":"Alex Mashinsky","startTime":536.22,"endTime":539.76,"body":"the right time. And having the"},{"speaker":"Alex Mashinsky","startTime":536.22,"endTime":539.76,"body":"right technology not being too"},{"speaker":"Alex Mashinsky","startTime":539.76,"endTime":544.56,"body":"early, not being too late. And"},{"speaker":"Alex Mashinsky","startTime":539.76,"endTime":544.56,"body":"then adoption, you know, if you"},{"speaker":"Alex Mashinsky","startTime":544.56,"endTime":548.61,"body":"get mass adoption, you win the"},{"speaker":"Alex Mashinsky","startTime":544.56,"endTime":548.61,"body":"race. If somebody else gets a"},{"speaker":"Alex Mashinsky","startTime":548.61,"endTime":553.08,"body":"mass adoption, even if their"},{"speaker":"Alex Mashinsky","startTime":548.61,"endTime":553.08,"body":"model is wrong or broken it"},{"speaker":"Alex Mashinsky","startTime":553.08,"endTime":557.7,"body":"doesn't matter, right as they"},{"speaker":"Alex Mashinsky","startTime":553.08,"endTime":557.7,"body":"get to the finish line first and"},{"speaker":"Alex Mashinsky","startTime":558.75,"endTime":561.69,"body":"we get to live with the"},{"speaker":"Alex Mashinsky","startTime":558.75,"endTime":561.69,"body":"consequences, you know, so"},{"speaker":"Alex Mashinsky","startTime":561.69,"endTime":565.83,"body":"there's a lot of bad example of"},{"speaker":"Alex Mashinsky","startTime":561.69,"endTime":565.83,"body":"mass adoption. You know, I think"},{"speaker":"Alex Mashinsky","startTime":565.83,"endTime":569.67,"body":"Facebook, you know, like a lot"},{"speaker":"Alex Mashinsky","startTime":565.83,"endTime":569.67,"body":"of others that are definitely"},{"speaker":"Alex Mashinsky","startTime":569.67,"endTime":571.05,"body":"not helping society."},{"speaker":"Matt Zahab","startTime":571.33,"endTime":574.96,"body":"So speaking of mass"},{"speaker":"Matt Zahab","startTime":571.33,"endTime":574.96,"body":"adoption, your company Celcius"},{"speaker":"Matt Zahab","startTime":574.96,"endTime":578.68,"body":"right now, that is one thing"},{"speaker":"Matt Zahab","startTime":574.96,"endTime":578.68,"body":"that is being mass adopted, DeFi"},{"speaker":"Matt Zahab","startTime":578.71,"endTime":582.07,"body":"lending platforms receiving the"},{"speaker":"Matt Zahab","startTime":578.71,"endTime":582.07,"body":"incredibly high interest rates"},{"speaker":"Matt Zahab","startTime":582.31,"endTime":585.55,"body":"and the general public realizing"},{"speaker":"Matt Zahab","startTime":582.31,"endTime":585.55,"body":"why am I getting soaked from the"},{"speaker":"Matt Zahab","startTime":585.55,"endTime":588.79,"body":"bank? Why am I leaving 1000s of"},{"speaker":"Matt Zahab","startTime":585.55,"endTime":588.79,"body":"dollars in the bank for them to"},{"speaker":"Matt Zahab","startTime":588.79,"endTime":592.12,"body":"give me you know, half a percent"},{"speaker":"Matt Zahab","startTime":588.79,"endTime":592.12,"body":"or 1% while I can go over to"},{"speaker":"Matt Zahab","startTime":592.12,"endTime":595.06,"body":"Celsius and get you know, 10% on"},{"speaker":"Matt Zahab","startTime":592.12,"endTime":595.06,"body":"my crypto, like it seems like a"},{"speaker":"Matt Zahab","startTime":595.06,"endTime":597.91,"body":"no brainer. Before we get into"},{"speaker":"Matt Zahab","startTime":595.06,"endTime":597.91,"body":"that and talk about the mass"},{"speaker":"Matt Zahab","startTime":597.91,"endTime":601.21,"body":"adoption for the general public."},{"speaker":"Matt Zahab","startTime":597.91,"endTime":601.21,"body":"When I told my parents that I"},{"speaker":"Matt Zahab","startTime":601.21,"endTime":602.77,"body":"was speaking with you, and you"},{"speaker":"Matt Zahab","startTime":601.21,"endTime":602.77,"body":"know, they're like, tell me"},{"speaker":"Matt Zahab","startTime":602.77,"endTime":605.32,"body":"about Celsius, I told him"},{"speaker":"Matt Zahab","startTime":602.77,"endTime":605.32,"body":"everything my grandma was on the"},{"speaker":"Matt Zahab","startTime":605.32,"endTime":607.81,"body":"phone to was a three way. She's"},{"speaker":"Matt Zahab","startTime":605.32,"endTime":607.81,"body":"like, there's no way you're"},{"speaker":"Matt Zahab","startTime":607.81,"endTime":611.41,"body":"gonna get 10% like, no, it has"},{"speaker":"Matt Zahab","startTime":607.81,"endTime":611.41,"body":"to be fake. And I'm like, well,"},{"speaker":"Matt Zahab","startTime":611.44,"endTime":614.5,"body":"no, it's true. But that's a"},{"speaker":"Matt Zahab","startTime":611.44,"endTime":614.5,"body":"great question. So, my question"},{"speaker":"Matt Zahab","startTime":614.5,"endTime":617.65,"body":"to you is, how does that"},{"speaker":"Matt Zahab","startTime":614.5,"endTime":617.65,"body":"actually work? How can you give"},{"speaker":"Matt Zahab","startTime":617.68,"endTime":619.09,"body":"such a high percentage of"},{"speaker":"Matt Zahab","startTime":617.68,"endTime":619.09,"body":"interest?"},{"speaker":"Alex Mashinsky","startTime":619.15,"endTime":622.42,"body":"Sure. So it's a"},{"speaker":"Alex Mashinsky","startTime":619.15,"endTime":622.42,"body":"great question because if you,"},{"speaker":"Alex Mashinsky","startTime":622.75,"endTime":626.5,"body":"anyone who will tell you all"},{"speaker":"Alex Mashinsky","startTime":622.75,"endTime":626.5,"body":"it's a company secret, or it's a"},{"speaker":"Alex Mashinsky","startTime":626.5,"endTime":630.85,"body":"trade secret, I can't tell you,"},{"speaker":"Alex Mashinsky","startTime":626.5,"endTime":630.85,"body":"you know, is not gonna win the"},{"speaker":"Alex Mashinsky","startTime":630.85,"endTime":634.78,"body":"masses. Right? I think it's very"},{"speaker":"Alex Mashinsky","startTime":630.85,"endTime":634.78,"body":"important that people hear and"},{"speaker":"Alex Mashinsky","startTime":634.78,"endTime":640.33,"body":"understand the exactly how the"},{"speaker":"Alex Mashinsky","startTime":634.78,"endTime":640.33,"body":"yield is created. Because then"},{"speaker":"Alex Mashinsky","startTime":640.33,"endTime":644.38,"body":"they can entrust their savings"},{"speaker":"Alex Mashinsky","startTime":640.33,"endTime":644.38,"body":"and their financial future away"},{"speaker":"Alex Mashinsky","startTime":644.38,"endTime":647.47,"body":"from the bank, you know, we"},{"speaker":"Alex Mashinsky","startTime":644.38,"endTime":647.47,"body":"always joke that my job is to"},{"speaker":"Alex Mashinsky","startTime":647.47,"endTime":651.43,"body":"unbanked the bank and bank the"},{"speaker":"Alex Mashinsky","startTime":647.47,"endTime":651.43,"body":"unbanked you know, like that's"},{"speaker":"Matt Zahab","startTime":651.45,"endTime":654.99,"body":"Love this slogan,"},{"speaker":"Matt Zahab","startTime":651.45,"endTime":654.99,"body":"love the slogan. Unbank"},{"speaker":"Matt Zahab","startTime":655.02,"endTime":655.44,"body":"yourself."},{"speaker":"Alex Mashinsky","startTime":655.45,"endTime":660.79,"body":"Exactly. So,"},{"speaker":"Alex Mashinsky","startTime":655.45,"endTime":660.79,"body":"yield is actually created around"},{"speaker":"Alex Mashinsky","startTime":660.79,"endTime":664.36,"body":"us all the time. When you give"},{"speaker":"Alex Mashinsky","startTime":660.79,"endTime":664.36,"body":"your money to the to your bank,"},{"speaker":"Alex Mashinsky","startTime":664.69,"endTime":669.34,"body":"they go ahead and create yield"},{"speaker":"Alex Mashinsky","startTime":664.69,"endTime":669.34,"body":"right they issue loans, they do"},{"speaker":"Alex Mashinsky","startTime":669.34,"endTime":673.24,"body":"all kinds of like arbitrage and"},{"speaker":"Alex Mashinsky","startTime":669.34,"endTime":673.24,"body":"other transactions in the"},{"speaker":"Alex Mashinsky","startTime":673.24,"endTime":677.53,"body":"financial markets by effectively"},{"speaker":"Alex Mashinsky","startTime":673.24,"endTime":677.53,"body":"using the capital you give them."},{"speaker":"Alex Mashinsky","startTime":677.53,"endTime":680.47,"body":"So, because you effectively"},{"speaker":"Alex Mashinsky","startTime":677.53,"endTime":680.47,"body":"agreed to give him your money"},{"speaker":"Alex Mashinsky","startTime":680.47,"endTime":684.52,"body":"for free anything almost"},{"speaker":"Alex Mashinsky","startTime":680.47,"endTime":684.52,"body":"anything they create out of your"},{"speaker":"Alex Mashinsky","startTime":684.52,"endTime":689.05,"body":"money through loans or"},{"speaker":"Alex Mashinsky","startTime":684.52,"endTime":689.05,"body":"rehypothecation or arbitrage or"},{"speaker":"Alex Mashinsky","startTime":689.05,"endTime":692.68,"body":"market making all these"},{"speaker":"Alex Mashinsky","startTime":689.05,"endTime":692.68,"body":"different financial activities,"},{"speaker":"Alex Mashinsky","startTime":693.22,"endTime":698.17,"body":"sec lending securities lending"},{"speaker":"Alex Mashinsky","startTime":693.22,"endTime":698.17,"body":"which is what Robin Hood is"},{"speaker":"Alex Mashinsky","startTime":698.17,"endTime":700.96,"body":"doing mostly right then the"},{"speaker":"Alex Mashinsky","startTime":698.17,"endTime":700.96,"body":"order flow management and so on."},{"speaker":"Alex Mashinsky","startTime":700.96,"endTime":704.83,"body":"So all these things are"},{"speaker":"Alex Mashinsky","startTime":700.96,"endTime":704.83,"body":"functions that traditional"},{"speaker":"Alex Mashinsky","startTime":704.83,"endTime":708.88,"body":"financial markets do, its just"},{"speaker":"Alex Mashinsky","startTime":704.83,"endTime":708.88,"body":"that these companies you know,"},{"speaker":"Alex Mashinsky","startTime":708.88,"endTime":713.02,"body":"the Goldman's the Morgan"},{"speaker":"Alex Mashinsky","startTime":708.88,"endTime":713.02,"body":"Stanley's the the JP Morgan's,"},{"speaker":"Alex Mashinsky","startTime":713.32,"endTime":718.12,"body":"do not share with you, the"},{"speaker":"Alex Mashinsky","startTime":713.32,"endTime":718.12,"body":"depositor the money that they"},{"speaker":"Alex Mashinsky","startTime":718.12,"endTime":721.63,"body":"create. Now, we know, banks make"},{"speaker":"Alex Mashinsky","startTime":718.12,"endTime":721.63,"body":"tremendous amount of money two"},{"speaker":"Alex Mashinsky","startTime":721.63,"endTime":723.94,"body":"weeks ago, all the banks"},{"speaker":"Alex Mashinsky","startTime":721.63,"endTime":723.94,"body":"reported their quarterly"},{"speaker":"Alex Mashinsky","startTime":723.94,"endTime":727.36,"body":"numbers. And guess what they"},{"speaker":"Alex Mashinsky","startTime":723.94,"endTime":727.36,"body":"reported all time record"},{"speaker":"Alex Mashinsky","startTime":727.45,"endTime":732.22,"body":"profits. So and one after the"},{"speaker":"Alex Mashinsky","startTime":727.45,"endTime":732.22,"body":"next they all run to Wall Street"},{"speaker":"Alex Mashinsky","startTime":732.22,"endTime":737.41,"body":"with their SEC filings and say,"},{"speaker":"Alex Mashinsky","startTime":732.22,"endTime":737.41,"body":"hey, look at me, I made 16%"},{"speaker":"Alex Mashinsky","startTime":738.22,"endTime":743.5,"body":"return on my capital. Look at"},{"speaker":"Alex Mashinsky","startTime":738.22,"endTime":743.5,"body":"me, I made 17% 15%. So most"},{"speaker":"Alex Mashinsky","startTime":743.5,"endTime":750.64,"body":"banks are between that 12 and"},{"speaker":"Alex Mashinsky","startTime":743.5,"endTime":750.64,"body":"18% range. So they take all this"},{"speaker":"Alex Mashinsky","startTime":750.64,"endTime":753.94,"body":"money and they pay it to their"},{"speaker":"Alex Mashinsky","startTime":750.64,"endTime":753.94,"body":"shareholders. They pay it in the"},{"speaker":"Alex Mashinsky","startTime":753.94,"endTime":757.03,"body":"form of dividends, or they pay"},{"speaker":"Alex Mashinsky","startTime":753.94,"endTime":757.03,"body":"it in the form of stock"},{"speaker":"Alex Mashinsky","startTime":757.03,"endTime":761.71,"body":"buybacks. So every bank, Jamie"},{"speaker":"Alex Mashinsky","startTime":757.03,"endTime":761.71,"body":"diamond, could have two weeks"},{"speaker":"Alex Mashinsky","startTime":761.71,"endTime":765.91,"body":"ago say, okay, enough is enough"},{"speaker":"Alex Mashinsky","startTime":761.71,"endTime":765.91,"body":"of being giving too much money"},{"speaker":"Alex Mashinsky","startTime":765.91,"endTime":769.21,"body":"to the shareholders, let me turn"},{"speaker":"Alex Mashinsky","startTime":765.91,"endTime":769.21,"body":"around and give half of the"},{"speaker":"Alex Mashinsky","startTime":769.48,"endTime":773.71,"body":"profits I have to the"},{"speaker":"Alex Mashinsky","startTime":769.48,"endTime":773.71,"body":"depositors, right. So I'm going"},{"speaker":"Alex Mashinsky","startTime":773.71,"endTime":780.28,"body":"to take the rate I'm paying from"},{"speaker":"Alex Mashinsky","startTime":773.71,"endTime":780.28,"body":"0.1% to 3%, or 4%, right, they"},{"speaker":"Alex Mashinsky","startTime":780.28,"endTime":784.96,"body":"can make they can pay you this"},{"speaker":"Alex Mashinsky","startTime":780.28,"endTime":784.96,"body":"amount of money and still be"},{"speaker":"Alex Mashinsky","startTime":784.96,"endTime":789.61,"body":"profitable. But they choose not"},{"speaker":"Alex Mashinsky","startTime":784.96,"endTime":789.61,"body":"to, why? Because we all as a"},{"speaker":"Alex Mashinsky","startTime":789.61,"endTime":793.6,"body":"society have been conditioned,"},{"speaker":"Alex Mashinsky","startTime":789.61,"endTime":793.6,"body":"your grandmother has been"},{"speaker":"Alex Mashinsky","startTime":793.6,"endTime":798.85,"body":"conditioned to the fact that the"},{"speaker":"Alex Mashinsky","startTime":793.6,"endTime":798.85,"body":"rates are less than 1%. And you"},{"speaker":"Alex Mashinsky","startTime":798.85,"endTime":802.03,"body":"know, just like when elephants"},{"speaker":"Alex Mashinsky","startTime":798.85,"endTime":802.03,"body":"when they grow, they tie them to"},{"speaker":"Alex Mashinsky","startTime":802.03,"endTime":807.58,"body":"a pole and they think they can't"},{"speaker":"Alex Mashinsky","startTime":802.03,"endTime":807.58,"body":"really break away. And when they"},{"speaker":"Alex Mashinsky","startTime":807.58,"endTime":810.1,"body":"grow up, they still think that"},{"speaker":"Alex Mashinsky","startTime":807.58,"endTime":810.1,"body":"they can break away because"},{"speaker":"Alex Mashinsky","startTime":810.1,"endTime":812.68,"body":"their entire lives that were"},{"speaker":"Alex Mashinsky","startTime":810.1,"endTime":812.68,"body":"conditioned that you know, even"},{"speaker":"Alex Mashinsky","startTime":812.68,"endTime":815.38,"body":"when they're giant elephants,"},{"speaker":"Alex Mashinsky","startTime":812.68,"endTime":815.38,"body":"they still can't, they think"},{"speaker":"Alex Mashinsky","startTime":815.38,"endTime":818.08,"body":"they can't break away. So that's"},{"speaker":"Alex Mashinsky","startTime":815.38,"endTime":818.08,"body":"what the banks have done to us"},{"speaker":"Alex Mashinsky","startTime":818.08,"endTime":820.93,"body":"over the last 20 years, they've"},{"speaker":"Alex Mashinsky","startTime":818.08,"endTime":820.93,"body":"lowered the rates every year,"},{"speaker":"Alex Mashinsky","startTime":820.93,"endTime":824.89,"body":"they've lowered the rates almost"},{"speaker":"Alex Mashinsky","startTime":820.93,"endTime":824.89,"body":"to zero. And now we are"},{"speaker":"Alex Mashinsky","startTime":824.89,"endTime":828.43,"body":"conditioned to give our money"},{"speaker":"Alex Mashinsky","startTime":824.89,"endTime":828.43,"body":"for free. So in, so that's"},{"speaker":"Alex Mashinsky","startTime":828.43,"endTime":831.43,"body":"what's happening in the"},{"speaker":"Alex Mashinsky","startTime":828.43,"endTime":831.43,"body":"traditional finance world. In"},{"speaker":"Alex Mashinsky","startTime":831.43,"endTime":835.9,"body":"the decentralized finance world,"},{"speaker":"Alex Mashinsky","startTime":831.43,"endTime":835.9,"body":"it's an open market, meaning the"},{"speaker":"Alex Mashinsky","startTime":835.9,"endTime":840.13,"body":"market decides what is the cost"},{"speaker":"Alex Mashinsky","startTime":835.9,"endTime":840.13,"body":"of capital the market decides"},{"speaker":"Alex Mashinsky","startTime":840.13,"endTime":846.46,"body":"borrowers decide a what they're"},{"speaker":"Alex Mashinsky","startTime":840.13,"endTime":846.46,"body":"willing to pay. So the same 16%"},{"speaker":"Alex Mashinsky","startTime":846.49,"endTime":850.69,"body":"that bank of america JP Morgan"},{"speaker":"Alex Mashinsky","startTime":846.49,"endTime":850.69,"body":"makes on your money, people are"},{"speaker":"Alex Mashinsky","startTime":850.69,"endTime":854.32,"body":"willing to pay in the open"},{"speaker":"Alex Mashinsky","startTime":850.69,"endTime":854.32,"body":"market. The only thing Celsius"},{"speaker":"Alex Mashinsky","startTime":854.32,"endTime":857.86,"body":"has done that is different is"},{"speaker":"Alex Mashinsky","startTime":854.32,"endTime":857.86,"body":"that we as a company decided"},{"speaker":"Alex Mashinsky","startTime":858.04,"endTime":860.71,"body":"that we're going to take 80% of"},{"speaker":"Alex Mashinsky","startTime":858.04,"endTime":860.71,"body":"that and give it to our"},{"speaker":"Alex Mashinsky","startTime":860.71,"endTime":864.37,"body":"depositors. So we take it away"},{"speaker":"Alex Mashinsky","startTime":860.71,"endTime":864.37,"body":"from the shareholder, I'm the"},{"speaker":"Alex Mashinsky","startTime":864.58,"endTime":868.33,"body":"largest Celsius shareholders,"},{"speaker":"Alex Mashinsky","startTime":864.58,"endTime":868.33,"body":"I'm actually taking it away from"},{"speaker":"Alex Mashinsky","startTime":868.33,"endTime":873.25,"body":"myself and I'm giving it to the"},{"speaker":"Alex Mashinsky","startTime":868.33,"endTime":873.25,"body":"650,000 people use Celsius. Now,"},{"speaker":"Alex Mashinsky","startTime":873.37,"endTime":876.28,"body":"it happens that I'm also the"},{"speaker":"Alex Mashinsky","startTime":873.37,"endTime":876.28,"body":"largest depositor in Celsius"},{"speaker":"Alex Mashinsky","startTime":876.28,"endTime":880.06,"body":"with like over $300 million. So"},{"speaker":"Alex Mashinsky","startTime":876.28,"endTime":880.06,"body":"I'm taking it from the left"},{"speaker":"Alex Mashinsky","startTime":880.06,"endTime":883.84,"body":"pocket and putting it in the"},{"speaker":"Alex Mashinsky","startTime":880.06,"endTime":883.84,"body":"right pocket. But the point is"},{"speaker":"Alex Mashinsky","startTime":883.84,"endTime":887.77,"body":"that in 700 years of banking,"},{"speaker":"Alex Mashinsky","startTime":883.84,"endTime":887.77,"body":"there has never been a bank in"},{"speaker":"Alex Mashinsky","startTime":887.77,"endTime":893.17,"body":"history that paid 80% of its"},{"speaker":"Alex Mashinsky","startTime":887.77,"endTime":893.17,"body":"earnings or its income to its"},{"speaker":"Alex Mashinsky","startTime":893.17,"endTime":897.04,"body":"depositors. So that's really the"},{"speaker":"Alex Mashinsky","startTime":893.17,"endTime":897.04,"body":"innovation and we created that"},{"speaker":"Alex Mashinsky","startTime":897.04,"endTime":902.26,"body":"in 2017 before DeFi before all"},{"speaker":"Alex Mashinsky","startTime":897.04,"endTime":902.26,"body":"stuff. And people thought we"},{"speaker":"Alex Mashinsky","startTime":902.26,"endTime":905.14,"body":"were crazy people like you"},{"speaker":"Alex Mashinsky","startTime":902.26,"endTime":905.14,"body":"cannot pay this much money when"},{"speaker":"Alex Mashinsky","startTime":905.14,"endTime":909.43,"body":"my own friends told me Alex, if"},{"speaker":"Alex Mashinsky","startTime":905.14,"endTime":909.43,"body":"you paid 4%, I would actually"},{"speaker":"Alex Mashinsky","startTime":909.43,"endTime":912.58,"body":"give you my money, but you're"},{"speaker":"Alex Mashinsky","startTime":909.43,"endTime":912.58,"body":"paying 10% I don't believe you,"},{"speaker":"Alex Mashinsky","startTime":912.58,"endTime":915.28,"body":"I don't trust you. But I'm like,"},{"speaker":"Alex Mashinsky","startTime":912.58,"endTime":915.28,"body":"that's what the market rate is."},{"speaker":"Alex Mashinsky","startTime":915.49,"endTime":919.09,"body":"I don't decide the rate the"},{"speaker":"Alex Mashinsky","startTime":915.49,"endTime":919.09,"body":"market decides the rate. So"},{"speaker":"Alex Mashinsky","startTime":919.93,"endTime":923.56,"body":"that's what we live in. But now,"},{"speaker":"Alex Mashinsky","startTime":919.93,"endTime":923.56,"body":"because there's 100 competitors"},{"speaker":"Alex Mashinsky","startTime":923.56,"endTime":927.07,"body":"to Celsius, you know, we have"},{"speaker":"Alex Mashinsky","startTime":923.56,"endTime":927.07,"body":"about 18 billion in capital now"},{"speaker":"Alex Mashinsky","startTime":927.07,"endTime":931.69,"body":"there's over 100 billion"},{"speaker":"Alex Mashinsky","startTime":927.07,"endTime":931.69,"body":"sloshing around in DeFi so we're"},{"speaker":"Alex Mashinsky","startTime":931.69,"endTime":935.65,"body":"still the largest single player,"},{"speaker":"Alex Mashinsky","startTime":931.69,"endTime":935.65,"body":"but there's obviously 100 other"},{"speaker":"Alex Mashinsky","startTime":935.65,"endTime":939.1,"body":"alternatives. Now a lot of"},{"speaker":"Alex Mashinsky","startTime":935.65,"endTime":939.1,"body":"people are much more comfortable"},{"speaker":"Alex Mashinsky","startTime":939.1,"endTime":943.36,"body":"with what we're doing because so"},{"speaker":"Alex Mashinsky","startTime":939.1,"endTime":943.36,"body":"many other people, so many other"},{"speaker":"Alex Mashinsky","startTime":943.36,"endTime":947.02,"body":"companies have replicated what"},{"speaker":"Alex Mashinsky","startTime":943.36,"endTime":947.02,"body":"Celsius does"},{"speaker":"Matt Zahab","startTime":947.08,"endTime":949.57,"body":"So tell me do you"},{"speaker":"Matt Zahab","startTime":947.08,"endTime":949.57,"body":"have, do you not have like a top"},{"speaker":"Matt Zahab","startTime":949.57,"endTime":953.14,"body":"notch security detail around you"},{"speaker":"Matt Zahab","startTime":949.57,"endTime":953.14,"body":"at all times? Like you know, all"},{"speaker":"Matt Zahab","startTime":953.14,"endTime":955.51,"body":"the big bank execs are the you"},{"speaker":"Matt Zahab","startTime":953.14,"endTime":955.51,"body":"know, I coming at you with"},{"speaker":"Matt Zahab","startTime":955.51,"endTime":958.93,"body":"spears and guns and knives, like"},{"speaker":"Matt Zahab","startTime":955.51,"endTime":958.93,"body":"what's going on there?"},{"speaker":"Alex Mashinsky","startTime":959.08,"endTime":961.54,"body":"I said bad"},{"speaker":"Alex Mashinsky","startTime":959.08,"endTime":961.54,"body":"things. Yeah, I said bad things"},{"speaker":"Alex Mashinsky","startTime":961.54,"endTime":965.89,"body":"about banks every day. And I was"},{"speaker":"Alex Mashinsky","startTime":961.54,"endTime":965.89,"body":"actually removed from several"},{"speaker":"Alex Mashinsky","startTime":965.89,"endTime":970.24,"body":"conferences, because I publicly"},{"speaker":"Alex Mashinsky","startTime":965.89,"endTime":970.24,"body":"stated things that banks who"},{"speaker":"Alex Mashinsky","startTime":970.24,"endTime":974.38,"body":"sponsored those conferences,"},{"speaker":"Alex Mashinsky","startTime":970.24,"endTime":974.38,"body":"found to be too egregious. And"},{"speaker":"Alex Mashinsky","startTime":974.71,"endTime":977.98,"body":"the organizers even though I was"},{"speaker":"Alex Mashinsky","startTime":974.71,"endTime":977.98,"body":"invited as a speaker basically"},{"speaker":"Alex Mashinsky","startTime":977.98,"endTime":981.16,"body":"say, okay, your speech is over."},{"speaker":"Alex Mashinsky","startTime":977.98,"endTime":981.16,"body":"We don't want you here, you"},{"speaker":"Alex Mashinsky","startTime":981.16,"endTime":985.81,"body":"know, you upsetting too many"},{"speaker":"Alex Mashinsky","startTime":981.16,"endTime":985.81,"body":"people. So, I think I'm a truth"},{"speaker":"Alex Mashinsky","startTime":985.81,"endTime":990.43,"body":"teller, nothing I say is"},{"speaker":"Alex Mashinsky","startTime":985.81,"endTime":990.43,"body":"incorrect or inaccurate. And"},{"speaker":"Alex Mashinsky","startTime":990.43,"endTime":994.9,"body":"really, it's not just the banks,"},{"speaker":"Alex Mashinsky","startTime":990.43,"endTime":994.9,"body":"I mean, now, the Fed and our"},{"speaker":"Alex Mashinsky","startTime":994.9,"endTime":1000.69,"body":"financial system, Treasury,"},{"speaker":"Alex Mashinsky","startTime":994.9,"endTime":1000.69,"body":"right. The US government is"},{"speaker":"Alex Mashinsky","startTime":1000.69,"endTime":1004.95,"body":"behave in a completely"},{"speaker":"Alex Mashinsky","startTime":1000.69,"endTime":1004.95,"body":"irrational way. Right? So the"},{"speaker":"Alex Mashinsky","startTime":1004.95,"endTime":1009.66,"body":"analogy is, and think about it"},{"speaker":"Alex Mashinsky","startTime":1004.95,"endTime":1009.66,"body":"right? In every family, we you"},{"speaker":"Alex Mashinsky","startTime":1009.66,"endTime":1014.07,"body":"know, there is this the uncle or"},{"speaker":"Alex Mashinsky","startTime":1009.66,"endTime":1014.07,"body":"the cousin or the sister or the"},{"speaker":"Alex Mashinsky","startTime":1014.07,"endTime":1017.22,"body":"brother, who are this"},{"speaker":"Alex Mashinsky","startTime":1014.07,"endTime":1017.22,"body":"irresponsible spender, right,"},{"speaker":"Alex Mashinsky","startTime":1017.22,"endTime":1019.92,"body":"and they always come to family"},{"speaker":"Alex Mashinsky","startTime":1017.22,"endTime":1019.92,"body":"gatherings, and they always need"},{"speaker":"Alex Mashinsky","startTime":1019.92,"endTime":1023.19,"body":"a loan, and they always are in"},{"speaker":"Alex Mashinsky","startTime":1019.92,"endTime":1023.19,"body":"trouble. And you always have to"},{"speaker":"Alex Mashinsky","startTime":1023.19,"endTime":1027.09,"body":"bail them out or get them out of"},{"speaker":"Alex Mashinsky","startTime":1023.19,"endTime":1027.09,"body":"jail or whatever. And that's how"},{"speaker":"Alex Mashinsky","startTime":1027.09,"endTime":1030.66,"body":"we are behaving. We are"},{"speaker":"Alex Mashinsky","startTime":1027.09,"endTime":1030.66,"body":"borrowing from the future. We're"},{"speaker":"Alex Mashinsky","startTime":1030.66,"endTime":1034.92,"body":"spending money we don't have, we"},{"speaker":"Alex Mashinsky","startTime":1030.66,"endTime":1034.92,"body":"constantly need loans, right? We"},{"speaker":"Alex Mashinsky","startTime":1034.92,"endTime":1038.85,"body":"constantly need to bail"},{"speaker":"Alex Mashinsky","startTime":1034.92,"endTime":1038.85,"body":"ourselves out. And we the United"},{"speaker":"Alex Mashinsky","startTime":1038.85,"endTime":1043.08,"body":"States of America, and we the"},{"speaker":"Alex Mashinsky","startTime":1038.85,"endTime":1043.08,"body":"European Union, we the Japanese"},{"speaker":"Alex Mashinsky","startTime":1043.38,"endTime":1048.99,"body":"government. So really, this idea"},{"speaker":"Alex Mashinsky","startTime":1043.38,"endTime":1048.99,"body":"of modern monetary theory is"},{"speaker":"Alex Mashinsky","startTime":1048.99,"endTime":1052.05,"body":"really like the crazy uncle"},{"speaker":"Alex Mashinsky","startTime":1048.99,"endTime":1052.05,"body":"who's constantly begging for"},{"speaker":"Alex Mashinsky","startTime":1052.05,"endTime":1055.02,"body":"money and begging to be bailed"},{"speaker":"Alex Mashinsky","startTime":1052.05,"endTime":1055.02,"body":"out. Right. And we just keep"},{"speaker":"Alex Mashinsky","startTime":1055.02,"endTime":1060.78,"body":"reflating and kicking the can"},{"speaker":"Alex Mashinsky","startTime":1055.02,"endTime":1060.78,"body":"down the road. So the reason I"},{"speaker":"Alex Mashinsky","startTime":1060.78,"endTime":1064.59,"body":"got so involved with Bitcoin and"},{"speaker":"Alex Mashinsky","startTime":1060.78,"endTime":1064.59,"body":"Ethereum and all these other"},{"speaker":"Alex Mashinsky","startTime":1064.74,"endTime":1071.13,"body":"blockchains is because finally I"},{"speaker":"Alex Mashinsky","startTime":1064.74,"endTime":1071.13,"body":"saw a technology that had finite"},{"speaker":"Alex Mashinsky","startTime":1071.13,"endTime":1075.09,"body":"supply, everything else we deal"},{"speaker":"Alex Mashinsky","startTime":1071.13,"endTime":1075.09,"body":"with has infinite supply, every"},{"speaker":"Alex Mashinsky","startTime":1075.09,"endTime":1078.33,"body":"company can basically issue more"},{"speaker":"Alex Mashinsky","startTime":1075.09,"endTime":1078.33,"body":"and more stocks, more and more"},{"speaker":"Alex Mashinsky","startTime":1078.33,"endTime":1083.31,"body":"bonds or debt, right to"},{"speaker":"Alex Mashinsky","startTime":1078.33,"endTime":1083.31,"body":"infinitive. And what we've seen"},{"speaker":"Alex Mashinsky","startTime":1083.73,"endTime":1087.93,"body":"is that really the financial"},{"speaker":"Alex Mashinsky","startTime":1083.73,"endTime":1087.93,"body":"markets, the NASDAQ, the New"},{"speaker":"Alex Mashinsky","startTime":1087.93,"endTime":1092.16,"body":"York Stock Exchange, are not"},{"speaker":"Alex Mashinsky","startTime":1087.93,"endTime":1092.16,"body":"really fair and unbiased"},{"speaker":"Alex Mashinsky","startTime":1092.16,"endTime":1096.12,"body":"markets, right, they are being"},{"speaker":"Alex Mashinsky","startTime":1092.16,"endTime":1096.12,"body":"effectively manipulated by the"},{"speaker":"Alex Mashinsky","startTime":1096.12,"endTime":1099.06,"body":"free money that is being"},{"speaker":"Alex Mashinsky","startTime":1096.12,"endTime":1099.06,"body":"injected into them by the Fed or"},{"speaker":"Alex Mashinsky","startTime":1099.06,"endTime":1104.43,"body":"by Treasury or by other players."},{"speaker":"Alex Mashinsky","startTime":1099.06,"endTime":1104.43,"body":"And really, crypto is the free"},{"speaker":"Alex Mashinsky","startTime":1104.43,"endTime":1109.38,"body":"market. And the traditional"},{"speaker":"Alex Mashinsky","startTime":1104.43,"endTime":1109.38,"body":"markets, which people are"},{"speaker":"Alex Mashinsky","startTime":1109.38,"endTime":1114.12,"body":"telling us of the safest and the"},{"speaker":"Alex Mashinsky","startTime":1109.38,"endTime":1114.12,"body":"most open markets in the world"},{"speaker":"Alex Mashinsky","startTime":1114.12,"endTime":1115.62,"body":"are the ones that are being"},{"speaker":"Alex Mashinsky","startTime":1114.12,"endTime":1115.62,"body":"manipulated."},{"speaker":"Matt Zahab","startTime":1115.65,"endTime":1118.38,"body":"When you think the"},{"speaker":"Matt Zahab","startTime":1115.65,"endTime":1118.38,"body":"last Domino falls in regards to"},{"speaker":"Matt Zahab","startTime":1118.38,"endTime":1122.13,"body":"the US dollar not becoming, you"},{"speaker":"Matt Zahab","startTime":1118.38,"endTime":1122.13,"body":"know, the global reserve"},{"speaker":"Matt Zahab","startTime":1122.13,"endTime":1124.41,"body":"currency? I've listened to a"},{"speaker":"Matt Zahab","startTime":1122.13,"endTime":1124.41,"body":"bunch of your stuff and you've"},{"speaker":"Matt Zahab","startTime":1124.41,"endTime":1126.57,"body":"always spoke about the Roman"},{"speaker":"Matt Zahab","startTime":1124.41,"endTime":1126.57,"body":"Empire and how they couldn't pay"},{"speaker":"Matt Zahab","startTime":1126.57,"endTime":1129.87,"body":"back their soldiers. And they"},{"speaker":"Matt Zahab","startTime":1126.57,"endTime":1129.87,"body":"saw the only other currencies"},{"speaker":"Matt Zahab","startTime":1129.87,"endTime":1132.9,"body":"throughout history and now the"},{"speaker":"Matt Zahab","startTime":1129.87,"endTime":1132.9,"body":"US dollar with its reign, what"},{"speaker":"Matt Zahab","startTime":1132.9,"endTime":1133.95,"body":"year do you think this happens?"},{"speaker":"Alex Mashinsky","startTime":1134.47,"endTime":1137.38,"body":"Look, it's hard"},{"speaker":"Alex Mashinsky","startTime":1134.47,"endTime":1137.38,"body":"to say. I mean, every Empire in"},{"speaker":"Alex Mashinsky","startTime":1137.38,"endTime":1140.71,"body":"the history, there were 705 fiat"},{"speaker":"Alex Mashinsky","startTime":1137.38,"endTime":1140.71,"body":"currencies today. And all of"},{"speaker":"Alex Mashinsky","startTime":1140.71,"endTime":1146.14,"body":"them either lost 100% of their"},{"speaker":"Alex Mashinsky","startTime":1140.71,"endTime":1146.14,"body":"value, or the vast majority of"},{"speaker":"Alex Mashinsky","startTime":1146.14,"endTime":1150.67,"body":"their value. So the history of"},{"speaker":"Alex Mashinsky","startTime":1146.14,"endTime":1150.67,"body":"fiat currencies is very, very"},{"speaker":"Alex Mashinsky","startTime":1151.84,"endTime":1156.67,"body":"disappointing. Right? And for us"},{"speaker":"Alex Mashinsky","startTime":1151.84,"endTime":1156.67,"body":"to sit here and say, whoa, we"},{"speaker":"Alex Mashinsky","startTime":1156.67,"endTime":1160.33,"body":"are different. We Are The"},{"speaker":"Alex Mashinsky","startTime":1156.67,"endTime":1160.33,"body":"World's Strongest Empire and"},{"speaker":"Alex Mashinsky","startTime":1160.33,"endTime":1162.85,"body":"that ever existed we're the"},{"speaker":"Alex Mashinsky","startTime":1160.33,"endTime":1162.85,"body":"richest country that... yeah,"},{"speaker":"Alex Mashinsky","startTime":1162.85,"endTime":1166.24,"body":"Rome also the Roman Empire used"},{"speaker":"Alex Mashinsky","startTime":1162.85,"endTime":1166.24,"body":"to be the richest country that"},{"speaker":"Alex Mashinsky","startTime":1166.24,"endTime":1170.14,"body":"ever existed. Same thing with"},{"speaker":"Alex Mashinsky","startTime":1166.24,"endTime":1170.14,"body":"the Portuguese Empire and then"},{"speaker":"Alex Mashinsky","startTime":1170.14,"endTime":1173.77,"body":"the Dutch Empire and the British"},{"speaker":"Alex Mashinsky","startTime":1170.14,"endTime":1173.77,"body":"Empire. You know, I can give you"},{"speaker":"Alex Mashinsky","startTime":1173.8,"endTime":1178.24,"body":"20 examples, so the dominoes"},{"speaker":"Alex Mashinsky","startTime":1173.8,"endTime":1178.24,"body":"already started falling down,"},{"speaker":"Alex Mashinsky","startTime":1178.27,"endTime":1181.03,"body":"right? It's just that they're"},{"speaker":"Alex Mashinsky","startTime":1178.27,"endTime":1181.03,"body":"not all the same size. The"},{"speaker":"Alex Mashinsky","startTime":1181.03,"endTime":1184.57,"body":"dominoes that are falling down"},{"speaker":"Alex Mashinsky","startTime":1181.03,"endTime":1184.57,"body":"now are the tiny dominoes. And"},{"speaker":"Alex Mashinsky","startTime":1184.57,"endTime":1187.54,"body":"the last the biggest one is the"},{"speaker":"Alex Mashinsky","startTime":1184.57,"endTime":1187.54,"body":"US dollar and they're all going"},{"speaker":"Alex Mashinsky","startTime":1187.54,"endTime":1193.9,"body":"to lean on the US dollar right"},{"speaker":"Alex Mashinsky","startTime":1187.54,"endTime":1193.9,"body":"so Zimbabwe dollar, the Lebanese"},{"speaker":"Alex Mashinsky","startTime":1194.02,"endTime":1198.79,"body":"think it's dinar right, the"},{"speaker":"Alex Mashinsky","startTime":1194.02,"endTime":1198.79,"body":"Venezuelan currency, right."},{"speaker":"Alex Mashinsky","startTime":1198.79,"endTime":1202.69,"body":"Yeah, I can give it 20 that"},{"speaker":"Alex Mashinsky","startTime":1198.79,"endTime":1202.69,"body":"Turkish Lira lost like 60 70% of"},{"speaker":"Alex Mashinsky","startTime":1202.69,"endTime":1207.94,"body":"its value in the last year. So I"},{"speaker":"Alex Mashinsky","startTime":1202.69,"endTime":1207.94,"body":"can give all, the Argentinian"},{"speaker":"Alex Mashinsky","startTime":1208.03,"endTime":1212.11,"body":"pesah. Right, so, so there's 20"},{"speaker":"Alex Mashinsky","startTime":1208.03,"endTime":1212.11,"body":"examples of dominoes that are"},{"speaker":"Alex Mashinsky","startTime":1212.11,"endTime":1215.77,"body":"already falling down. Now these"},{"speaker":"Alex Mashinsky","startTime":1212.11,"endTime":1215.77,"body":"are countries that unlike the"},{"speaker":"Alex Mashinsky","startTime":1215.77,"endTime":1218.98,"body":"United States, when they print"},{"speaker":"Alex Mashinsky","startTime":1215.77,"endTime":1218.98,"body":"money, they get immediate"},{"speaker":"Alex Mashinsky","startTime":1218.98,"endTime":1221.59,"body":"inflation because they're not"},{"speaker":"Alex Mashinsky","startTime":1218.98,"endTime":1221.59,"body":"the reserve currency of the"},{"speaker":"Alex Mashinsky","startTime":1221.59,"endTime":1226.45,"body":"world. So it may take 20 years"},{"speaker":"Alex Mashinsky","startTime":1221.59,"endTime":1226.45,"body":"for all these dominoes to fall"},{"speaker":"Alex Mashinsky","startTime":1226.45,"endTime":1230.38,"body":"and lean against the dollar, and"},{"speaker":"Alex Mashinsky","startTime":1226.45,"endTime":1230.38,"body":"then make the dollar fall over."},{"speaker":"Alex Mashinsky","startTime":1230.38,"endTime":1235.9,"body":"But really it comes down to how"},{"speaker":"Alex Mashinsky","startTime":1230.38,"endTime":1235.9,"body":"long will people overseas will"},{"speaker":"Alex Mashinsky","startTime":1235.9,"endTime":1239.89,"body":"continue accept dollars, even"},{"speaker":"Alex Mashinsky","startTime":1235.9,"endTime":1239.89,"body":"though we are printing trillions"},{"speaker":"Alex Mashinsky","startTime":1239.89,"endTime":1244.3,"body":"of dollars every month, we"},{"speaker":"Alex Mashinsky","startTime":1239.89,"endTime":1244.3,"body":"printed crazy, like by the Biden"},{"speaker":"Alex Mashinsky","startTime":1244.84,"endTime":1248.5,"body":"Administration just announced"},{"speaker":"Alex Mashinsky","startTime":1244.84,"endTime":1248.5,"body":"they're going to spend an extra"},{"speaker":"Alex Mashinsky","startTime":1248.53,"endTime":1253.96,"body":"an additional $6 trillion on top"},{"speaker":"Alex Mashinsky","startTime":1248.53,"endTime":1253.96,"body":"of the 4 trillion that we spend"},{"speaker":"Alex Mashinsky","startTime":1253.96,"endTime":1259.18,"body":"every year as the government"},{"speaker":"Alex Mashinsky","startTime":1253.96,"endTime":1259.18,"body":"budget, right? So in one year,"},{"speaker":"Alex Mashinsky","startTime":1259.18,"endTime":1261.79,"body":"we're going to create more"},{"speaker":"Alex Mashinsky","startTime":1259.18,"endTime":1261.79,"body":"deficit than it took the United"},{"speaker":"Alex Mashinsky","startTime":1261.79,"endTime":1268.87,"body":"States like 20 years to create,"},{"speaker":"Alex Mashinsky","startTime":1261.79,"endTime":1268.87,"body":"right so I think we cannot kick"},{"speaker":"Alex Mashinsky","startTime":1268.87,"endTime":1272.38,"body":"the can down the road without"},{"speaker":"Alex Mashinsky","startTime":1268.87,"endTime":1272.38,"body":"any consequences. I don't again,"},{"speaker":"Alex Mashinsky","startTime":1272.38,"endTime":1276.1,"body":"I don't know if it's gonna take"},{"speaker":"Alex Mashinsky","startTime":1272.38,"endTime":1276.1,"body":"two years or 20 years, but the"},{"speaker":"Alex Mashinsky","startTime":1276.1,"endTime":1280.18,"body":"outcome is guaranteed to be a"},{"speaker":"Alex Mashinsky","startTime":1276.1,"endTime":1280.18,"body":"debasement of the currency and"},{"speaker":"Alex Mashinsky","startTime":1280.18,"endTime":1283.33,"body":"higher inflation. There's no"},{"speaker":"Alex Mashinsky","startTime":1280.18,"endTime":1283.33,"body":"other outcome. And you know, I'm"},{"speaker":"Alex Mashinsky","startTime":1283.33,"endTime":1285.58,"body":"on the Austrian side of"},{"speaker":"Alex Mashinsky","startTime":1283.33,"endTime":1285.58,"body":"economics that's why I love"},{"speaker":"Alex Mashinsky","startTime":1285.58,"endTime":1289.69,"body":"Bitcoin. I love gold. I love"},{"speaker":"Alex Mashinsky","startTime":1285.58,"endTime":1289.69,"body":"Ethereum. I love things that"},{"speaker":"Alex Mashinsky","startTime":1289.69,"endTime":1296.77,"body":"have finite supply. I like"},{"speaker":"Alex Mashinsky","startTime":1289.69,"endTime":1296.77,"body":"responsibility, fiscal"},{"speaker":"Alex Mashinsky","startTime":1296.77,"endTime":1302.41,"body":"responsibility, and I think that"},{"speaker":"Alex Mashinsky","startTime":1296.77,"endTime":1302.41,"body":"just making money right now and"},{"speaker":"Alex Mashinsky","startTime":1302.41,"endTime":1304.93,"body":"letting your kids or grandkids"},{"speaker":"Alex Mashinsky","startTime":1302.41,"endTime":1304.93,"body":"deal with all of the"},{"speaker":"Alex Mashinsky","startTime":1304.93,"endTime":1308.65,"body":"consequences later on, is an"},{"speaker":"Alex Mashinsky","startTime":1304.93,"endTime":1308.65,"body":"irresponsible behavior."},{"speaker":"Matt Zahab","startTime":1309.71,"endTime":1311.87,"body":"This episode is"},{"speaker":"Matt Zahab","startTime":1309.71,"endTime":1311.87,"body":"brought to you by our dear"},{"speaker":"Matt Zahab","startTime":1311.87,"endTime":1315.32,"body":"friends at coinpoker, the"},{"speaker":"Matt Zahab","startTime":1311.87,"endTime":1315.32,"body":"world's premier crypto poker"},{"speaker":"Matt Zahab","startTime":1315.35,"endTime":1318.56,"body":"platform. Coinpoker is a"},{"speaker":"Matt Zahab","startTime":1315.35,"endTime":1318.56,"body":"revolutionary blockchain"},{"speaker":"Matt Zahab","startTime":1318.56,"endTime":1321.41,"body":"technology based platform that"},{"speaker":"Matt Zahab","startTime":1318.56,"endTime":1321.41,"body":"was developed by an ambitious"},{"speaker":"Matt Zahab","startTime":1321.41,"endTime":1325.82,"body":"team of poker players. Coinpoker"},{"speaker":"Matt Zahab","startTime":1321.41,"endTime":1325.82,"body":"uses USDT stable coin, as the"},{"speaker":"Matt Zahab","startTime":1325.82,"endTime":1330.53,"body":"main end game currency and $CHP"},{"speaker":"Matt Zahab","startTime":1325.82,"endTime":1330.53,"body":"as in game field, offering all"},{"speaker":"Matt Zahab","startTime":1330.53,"endTime":1334.01,"body":"benefits of the crypto world"},{"speaker":"Matt Zahab","startTime":1330.53,"endTime":1334.01,"body":"alongside. Coinpoker also"},{"speaker":"Matt Zahab","startTime":1334.01,"endTime":1338.39,"body":"features instant and secure"},{"speaker":"Matt Zahab","startTime":1334.01,"endTime":1338.39,"body":"transactions using USDT Ethereum"},{"speaker":"Matt Zahab","startTime":1338.45,"endTime":1343.43,"body":"Bitcoin, or $CHP tokens and no"},{"speaker":"Matt Zahab","startTime":1338.45,"endTime":1343.43,"body":"KYC you heard that right, no"},{"speaker":"Matt Zahab","startTime":1343.46,"endTime":1347.69,"body":"KYC. Coinpoker users get huge"},{"speaker":"Matt Zahab","startTime":1343.46,"endTime":1347.69,"body":"promotions as they give away"},{"speaker":"Matt Zahab","startTime":1347.72,"endTime":1352.79,"body":"1000s and fiat each week. $CHP"},{"speaker":"Matt Zahab","startTime":1347.72,"endTime":1352.79,"body":"is the currency of the Coinpoker"},{"speaker":"Matt Zahab","startTime":1352.79,"endTime":1356.66,"body":"economy, providing players with"},{"speaker":"Matt Zahab","startTime":1352.79,"endTime":1356.66,"body":"exclusive benefits and supports"},{"speaker":"Matt Zahab","startTime":1356.69,"endTime":1360.35,"body":"future developments delivered to"},{"speaker":"Matt Zahab","startTime":1356.69,"endTime":1360.35,"body":"the Coinpoker community. My"},{"speaker":"Matt Zahab","startTime":1360.35,"endTime":1362.93,"body":"favorite part about Coinpoker is"},{"speaker":"Matt Zahab","startTime":1360.35,"endTime":1362.93,"body":"the mobile app. When I'm on the"},{"speaker":"Matt Zahab","startTime":1362.93,"endTime":1365.81,"body":"go, I will put my phone and play"},{"speaker":"Matt Zahab","startTime":1362.93,"endTime":1365.81,"body":"a couple hands of Texas Hold'em"},{"speaker":"Matt Zahab","startTime":1365.87,"endTime":1370.22,"body":"or bet on sports. They have an"},{"speaker":"Matt Zahab","startTime":1365.87,"endTime":1370.22,"body":"amazing sports book, really"},{"speaker":"Matt Zahab","startTime":1370.22,"endTime":1375.23,"body":"clean spreads, very clean UX,"},{"speaker":"Matt Zahab","startTime":1370.22,"endTime":1375.23,"body":"and an overall great time. If"},{"speaker":"Matt Zahab","startTime":1375.23,"endTime":1379.28,"body":"you'd like to check them out, go"},{"speaker":"Matt Zahab","startTime":1375.23,"endTime":1379.28,"body":"to coinpoker.com and give them a"},{"speaker":"Matt Zahab","startTime":1379.28,"endTime":1379.61,"body":"try."},{"speaker":"Matt Zahab","startTime":1388.58,"endTime":1391.1,"body":"You just brought up Bitcoin. I"},{"speaker":"Matt Zahab","startTime":1388.58,"endTime":1391.1,"body":"know you're a huge fan of"},{"speaker":"Matt Zahab","startTime":1391.1,"endTime":1394.25,"body":"Bitcoin, again, seen many of the"},{"speaker":"Matt Zahab","startTime":1391.1,"endTime":1394.25,"body":"rants and great talks you've had"},{"speaker":"Matt Zahab","startTime":1394.25,"endTime":1398.63,"body":"on that store of value the asset"},{"speaker":"Matt Zahab","startTime":1394.25,"endTime":1398.63,"body":"class, we're at a bit of a"},{"speaker":"Matt Zahab","startTime":1398.63,"endTime":1401.63,"body":"standstill right now, it's a"},{"speaker":"Matt Zahab","startTime":1398.63,"endTime":1401.63,"body":"little wishy washy. But this 50k"},{"speaker":"Matt Zahab","startTime":1401.63,"endTime":1404.6,"body":"resistance level, one of the"},{"speaker":"Matt Zahab","startTime":1401.63,"endTime":1404.6,"body":"things you brought up many times"},{"speaker":"Matt Zahab","startTime":1404.63,"endTime":1408.38,"body":"is the importance of the markets"},{"speaker":"Matt Zahab","startTime":1404.63,"endTime":1408.38,"body":"being the people for once, you"},{"speaker":"Matt Zahab","startTime":1408.38,"endTime":1413.15,"body":"know, quantifying and choosing"},{"speaker":"Matt Zahab","startTime":1408.38,"endTime":1413.15,"body":"the level of Bitcoin and its"},{"speaker":"Matt Zahab","startTime":1413.15,"endTime":1416.54,"body":"actual worth, it seems like"},{"speaker":"Matt Zahab","startTime":1413.15,"endTime":1416.54,"body":"people are pretty set besides"},{"speaker":"Matt Zahab","startTime":1416.54,"endTime":1418.97,"body":"the Maxis, who obviously wanted"},{"speaker":"Matt Zahab","startTime":1416.54,"endTime":1418.97,"body":"to go to the moon, but the"},{"speaker":"Matt Zahab","startTime":1418.97,"endTime":1422.18,"body":"people are pretty set in the"},{"speaker":"Matt Zahab","startTime":1418.97,"endTime":1422.18,"body":"market is set on this 50k level"},{"speaker":"Matt Zahab","startTime":1422.3,"endTime":1425.15,"body":"for the maybe foreseeable"},{"speaker":"Matt Zahab","startTime":1422.3,"endTime":1425.15,"body":"future. What do you think needs"},{"speaker":"Matt Zahab","startTime":1425.15,"endTime":1428.15,"body":"to happen for it to really, you"},{"speaker":"Matt Zahab","startTime":1425.15,"endTime":1428.15,"body":"know, pick up momentum again,"},{"speaker":"Matt Zahab","startTime":1428.15,"endTime":1429.26,"body":"and go to that next level?"},{"speaker":"Alex Mashinsky","startTime":1429.36,"endTime":1435.15,"body":"Yeah. So last"},{"speaker":"Alex Mashinsky","startTime":1429.36,"endTime":1435.15,"body":"year, I tweeted in the January"},{"speaker":"Alex Mashinsky","startTime":1435.15,"endTime":1441.69,"body":"of 2020, that we will close the"},{"speaker":"Alex Mashinsky","startTime":1435.15,"endTime":1441.69,"body":"year 30,000. And we close the"},{"speaker":"Alex Mashinsky","startTime":1442.17,"endTime":1447.51,"body":"4am on the first of January of"},{"speaker":"Alex Mashinsky","startTime":1442.17,"endTime":1447.51,"body":"2021. We hit 30,000. So I missed"},{"speaker":"Alex Mashinsky","startTime":1447.51,"endTime":1452.76,"body":"it by four hours. And people all"},{"speaker":"Alex Mashinsky","startTime":1447.51,"endTime":1452.76,"body":"reached out to me and we're"},{"speaker":"Alex Mashinsky","startTime":1452.76,"endTime":1456.33,"body":"like, okay, you predicted 2020"},{"speaker":"Alex Mashinsky","startTime":1452.76,"endTime":1456.33,"body":"what's going to happen this"},{"speaker":"Alex Mashinsky","startTime":1456.33,"endTime":1460.14,"body":"year, you know, and then I don't"},{"speaker":"Alex Mashinsky","startTime":1456.33,"endTime":1460.14,"body":"remember what we were at the"},{"speaker":"Alex Mashinsky","startTime":1460.14,"endTime":1463.98,"body":"beginning of the year, but I"},{"speaker":"Alex Mashinsky","startTime":1460.14,"endTime":1463.98,"body":"said we will hit a high of"},{"speaker":"Alex Mashinsky","startTime":1463.98,"endTime":1467.85,"body":"160,000 this year, but we're"},{"speaker":"Alex Mashinsky","startTime":1463.98,"endTime":1467.85,"body":"going to close the year at less"},{"speaker":"Alex Mashinsky","startTime":1467.85,"endTime":1472.62,"body":"than 100,000. So I think we're"},{"speaker":"Alex Mashinsky","startTime":1467.85,"endTime":1472.62,"body":"about less than halfway there."},{"speaker":"Alex Mashinsky","startTime":1472.92,"endTime":1480.84,"body":"As far as Bitcoin peaking and I"},{"speaker":"Alex Mashinsky","startTime":1472.92,"endTime":1480.84,"body":"think there's a lot more to go."},{"speaker":"Alex Mashinsky","startTime":1481.2,"endTime":1486.36,"body":"And we've gone very, very fast"},{"speaker":"Alex Mashinsky","startTime":1481.2,"endTime":1486.36,"body":"from that eight or 10,000 to"},{"speaker":"Alex Mashinsky","startTime":1486.39,"endTime":1491.7,"body":"50,000 or 60,000. So I don't"},{"speaker":"Alex Mashinsky","startTime":1486.39,"endTime":1491.7,"body":"think anyone says oh, how come"},{"speaker":"Alex Mashinsky","startTime":1491.7,"endTime":1496.65,"body":"we are moving? We were driving"},{"speaker":"Alex Mashinsky","startTime":1491.7,"endTime":1496.65,"body":"300 miles an hour you know,"},{"speaker":"Alex Mashinsky","startTime":1496.65,"endTime":1499.17,"body":"we're allowed to take a break."},{"speaker":"Alex Mashinsky","startTime":1496.65,"endTime":1499.17,"body":"We're ahead of schedule, you"},{"speaker":"Alex Mashinsky","startTime":1499.17,"endTime":1503.55,"body":"know, like it's okay. Just go"},{"speaker":"Alex Mashinsky","startTime":1499.17,"endTime":1503.55,"body":"into the stop and and eat a"},{"speaker":"Alex Mashinsky","startTime":1503.55,"endTime":1508.11,"body":"burger and go to the bathroom"},{"speaker":"Alex Mashinsky","startTime":1503.55,"endTime":1508.11,"body":"and then go back on the road,"},{"speaker":"Alex Mashinsky","startTime":1508.11,"endTime":1513.93,"body":"you know. So, I think we are"},{"speaker":"Alex Mashinsky","startTime":1508.11,"endTime":1513.93,"body":"we're doing great. I mean, the"},{"speaker":"Alex Mashinsky","startTime":1513.93,"endTime":1517.92,"body":"adoption this year has been"},{"speaker":"Alex Mashinsky","startTime":1513.93,"endTime":1517.92,"body":"phenomenal. Retail, corporate,"},{"speaker":"Alex Mashinsky","startTime":1518.31,"endTime":1522.33,"body":"institutional. I mean, you"},{"speaker":"Alex Mashinsky","startTime":1518.31,"endTime":1522.33,"body":"couldn't ask for more, right?"},{"speaker":"Alex Mashinsky","startTime":1523.35,"endTime":1528.3,"body":"Banks being opened crypto banks,"},{"speaker":"Alex Mashinsky","startTime":1523.35,"endTime":1528.3,"body":"right? every institution, major"},{"speaker":"Alex Mashinsky","startTime":1528.3,"endTime":1532.32,"body":"institution announcing Goldman"},{"speaker":"Alex Mashinsky","startTime":1528.3,"endTime":1532.32,"body":"Morgan Stanley's city, everybody"},{"speaker":"Alex Mashinsky","startTime":1532.32,"endTime":1535.26,"body":"announcing, hey, we open the"},{"speaker":"Alex Mashinsky","startTime":1532.32,"endTime":1535.26,"body":"crypto desk, we're gonna allow"},{"speaker":"Alex Mashinsky","startTime":1535.26,"endTime":1541.38,"body":"our customers to buy the stuff"},{"speaker":"Alex Mashinsky","startTime":1535.26,"endTime":1541.38,"body":"so I think we're doing just fine"},{"speaker":"Alex Mashinsky","startTime":1541.8,"endTime":1548.13,"body":"and like any market, you need"},{"speaker":"Alex Mashinsky","startTime":1541.8,"endTime":1548.13,"body":"to, for Bitcoin to consolidate."},{"speaker":"Alex Mashinsky","startTime":1549.33,"endTime":1552.63,"body":"Some people are selling, which"},{"speaker":"Alex Mashinsky","startTime":1549.33,"endTime":1552.63,"body":"is great. But you know, at"},{"speaker":"Alex Mashinsky","startTime":1552.63,"endTime":1556.56,"body":"Celsius again, we're managing 18"},{"speaker":"Alex Mashinsky","startTime":1552.63,"endTime":1556.56,"body":"billion. We don't see anyone"},{"speaker":"Alex Mashinsky","startTime":1556.56,"endTime":1561.69,"body":"selling we're seeing people"},{"speaker":"Alex Mashinsky","startTime":1556.56,"endTime":1561.69,"body":"buying on every dip. Obviously"},{"speaker":"Alex Mashinsky","startTime":1561.69,"endTime":1565.59,"body":"they, they're earning 6.2%"},{"speaker":"Alex Mashinsky","startTime":1561.69,"endTime":1565.59,"body":"interest. So there's a high"},{"speaker":"Alex Mashinsky","startTime":1565.59,"endTime":1572.31,"body":"incentive to buy more Bitcoin"},{"speaker":"Alex Mashinsky","startTime":1565.59,"endTime":1572.31,"body":"but I still think we're gonna"},{"speaker":"Alex Mashinsky","startTime":1572.31,"endTime":1576.57,"body":"see another run up. And there's"},{"speaker":"Alex Mashinsky","startTime":1572.31,"endTime":1576.57,"body":"definitely a FOMO from"},{"speaker":"Alex Mashinsky","startTime":1576.57,"endTime":1581.76,"body":"institutions for a change not"},{"speaker":"Alex Mashinsky","startTime":1576.57,"endTime":1581.76,"body":"from retail, of basically people"},{"speaker":"Alex Mashinsky","startTime":1581.76,"endTime":1586.26,"body":"who are allocating already"},{"speaker":"Alex Mashinsky","startTime":1581.76,"endTime":1586.26,"body":"allocated into bitcoin"},{"speaker":"Alex Mashinsky","startTime":1586.29,"endTime":1591.21,"body":"purchasing at all different"},{"speaker":"Alex Mashinsky","startTime":1586.29,"endTime":1591.21,"body":"price levels. So you know, I"},{"speaker":"Alex Mashinsky","startTime":1591.21,"endTime":1597.12,"body":"definitely expect us to hit that"},{"speaker":"Alex Mashinsky","startTime":1591.21,"endTime":1597.12,"body":"150 $160,000 price range this"},{"speaker":"Alex Mashinsky","startTime":1597.12,"endTime":1597.45,"body":"year."},{"speaker":"Matt Zahab","startTime":1597.96,"endTime":1599.79,"body":"I hope so, too."},{"speaker":"Matt Zahab","startTime":1597.96,"endTime":1599.79,"body":"That'd be incredible. Nice"},{"speaker":"Matt Zahab","startTime":1599.79,"endTime":1603.66,"body":"little early retirements."},{"speaker":"Matt Zahab","startTime":1599.79,"endTime":1603.66,"body":"Obviously the crypto market has"},{"speaker":"Matt Zahab","startTime":1603.66,"endTime":1606.72,"body":"done incredible this year,"},{"speaker":"Matt Zahab","startTime":1603.66,"endTime":1606.72,"body":"everyone has loved that. So much"},{"speaker":"Matt Zahab","startTime":1606.72,"endTime":1609.0,"body":"money has gone into crypto,"},{"speaker":"Matt Zahab","startTime":1606.72,"endTime":1609.0,"body":"billions and billions,"},{"speaker":"Matt Zahab","startTime":1609.0,"endTime":1612.99,"body":"trillions, maybe not trillions."},{"speaker":"Matt Zahab","startTime":1609.0,"endTime":1612.99,"body":"But you know, trillion ish of"},{"speaker":"Matt Zahab","startTime":1612.99,"endTime":1616.62,"body":"dollars has gone into crypto. It"},{"speaker":"Matt Zahab","startTime":1612.99,"endTime":1616.62,"body":"seems like a lot of that is"},{"speaker":"Matt Zahab","startTime":1616.62,"endTime":1619.05,"body":"being taken from the stock"},{"speaker":"Matt Zahab","startTime":1616.62,"endTime":1619.05,"body":"market. Now obviously, we've"},{"speaker":"Matt Zahab","startTime":1619.05,"endTime":1622.5,"body":"also printed trillions of"},{"speaker":"Matt Zahab","startTime":1619.05,"endTime":1622.5,"body":"dollars. But if so much money"},{"speaker":"Matt Zahab","startTime":1622.5,"endTime":1625.32,"body":"wasn't going into crypto, do you"},{"speaker":"Matt Zahab","startTime":1622.5,"endTime":1625.32,"body":"think the stock market would be"},{"speaker":"Matt Zahab","startTime":1625.32,"endTime":1627.84,"body":"higher? Would it be lower about"},{"speaker":"Matt Zahab","startTime":1625.32,"endTime":1627.84,"body":"the same? How do you feel about"},{"speaker":"Matt Zahab","startTime":1627.84,"endTime":1628.08,"body":"that?"},{"speaker":"Alex Mashinsky","startTime":1628.45,"endTime":1632.95,"body":"So value"},{"speaker":"Alex Mashinsky","startTime":1628.45,"endTime":1632.95,"body":"creation is a very weird"},{"speaker":"Alex Mashinsky","startTime":1632.95,"endTime":1639.01,"body":"mechanism, meaning all markets"},{"speaker":"Alex Mashinsky","startTime":1632.95,"endTime":1639.01,"body":"can actually rise at the same"},{"speaker":"Alex Mashinsky","startTime":1639.01,"endTime":1642.76,"body":"time, you think that you're"},{"speaker":"Alex Mashinsky","startTime":1639.01,"endTime":1642.76,"body":"drawing down on gold, and you're"},{"speaker":"Alex Mashinsky","startTime":1642.76,"endTime":1647.23,"body":"drawing down on the stock"},{"speaker":"Alex Mashinsky","startTime":1642.76,"endTime":1647.23,"body":"market, but an asset that has"},{"speaker":"Alex Mashinsky","startTime":1647.23,"endTime":1651.16,"body":"scarcity that has limited"},{"speaker":"Alex Mashinsky","startTime":1647.23,"endTime":1651.16,"body":"supply? You actually don't need"},{"speaker":"Alex Mashinsky","startTime":1651.16,"endTime":1653.95,"body":"that much money for it to"},{"speaker":"Alex Mashinsky","startTime":1651.16,"endTime":1653.95,"body":"double. It's not like if you go"},{"speaker":"Alex Mashinsky","startTime":1653.95,"endTime":1657.94,"body":"for half a trillion to trillion,"},{"speaker":"Alex Mashinsky","startTime":1653.95,"endTime":1657.94,"body":"you didn't really contribute"},{"speaker":"Alex Mashinsky","startTime":1658.21,"endTime":1662.2,"body":"half a trillion dollars of new"},{"speaker":"Alex Mashinsky","startTime":1658.21,"endTime":1662.2,"body":"of new dollars. It's the demand"},{"speaker":"Alex Mashinsky","startTime":1662.2,"endTime":1666.49,"body":"though, the last person to buy"},{"speaker":"Alex Mashinsky","startTime":1662.2,"endTime":1666.49,"body":"bitcoin dictates what the price"},{"speaker":"Alex Mashinsky","startTime":1666.49,"endTime":1670.78,"body":"is for the entire asset class."},{"speaker":"Alex Mashinsky","startTime":1666.49,"endTime":1670.78,"body":"So we definitely are seeing"},{"speaker":"Alex Mashinsky","startTime":1670.78,"endTime":1675.64,"body":"migration from gold bugs into"},{"speaker":"Alex Mashinsky","startTime":1670.78,"endTime":1675.64,"body":"bitcoin reallocation. And some"},{"speaker":"Alex Mashinsky","startTime":1675.64,"endTime":1678.88,"body":"of it probably has to do with"},{"speaker":"Alex Mashinsky","startTime":1675.64,"endTime":1678.88,"body":"the inheritance like young"},{"speaker":"Alex Mashinsky","startTime":1678.88,"endTime":1681.7,"body":"people like you, they're"},{"speaker":"Alex Mashinsky","startTime":1678.88,"endTime":1681.7,"body":"probably going to get some gold"},{"speaker":"Alex Mashinsky","startTime":1681.7,"endTime":1684.64,"body":"from their parents are going to"},{"speaker":"Alex Mashinsky","startTime":1681.7,"endTime":1684.64,"body":"say I don't want this gold. I"},{"speaker":"Alex Mashinsky","startTime":1684.64,"endTime":1688.87,"body":"was swapping it for Bitcoin or"},{"speaker":"Alex Mashinsky","startTime":1684.64,"endTime":1688.87,"body":"Ethereum. Same time, people that"},{"speaker":"Alex Mashinsky","startTime":1688.87,"endTime":1695.65,"body":"maybe made three or 5x their"},{"speaker":"Alex Mashinsky","startTime":1688.87,"endTime":1695.65,"body":"money on Apple or on Amazon are"},{"speaker":"Alex Mashinsky","startTime":1695.65,"endTime":1698.59,"body":"probably saying, You know what?"},{"speaker":"Alex Mashinsky","startTime":1695.65,"endTime":1698.59,"body":"Let me rebalance. Let me"},{"speaker":"Alex Mashinsky","startTime":1698.59,"endTime":1702.31,"body":"diversify. So there's definitely"},{"speaker":"Alex Mashinsky","startTime":1698.59,"endTime":1702.31,"body":"some money coming out of there."},{"speaker":"Alex Mashinsky","startTime":1702.31,"endTime":1705.46,"body":"But I don't think it's in the"},{"speaker":"Alex Mashinsky","startTime":1702.31,"endTime":1705.46,"body":"orders of hundreds of billions"},{"speaker":"Alex Mashinsky","startTime":1705.46,"endTime":1714.85,"body":"of dollars coming in. So I think"},{"speaker":"Alex Mashinsky","startTime":1705.46,"endTime":1714.85,"body":"it's currently, there is several"},{"speaker":"Alex Mashinsky","startTime":1714.85,"endTime":1721.18,"body":"trillion dollars worth of cash"},{"speaker":"Alex Mashinsky","startTime":1714.85,"endTime":1721.18,"body":"sitting on the sidelines and"},{"speaker":"Alex Mashinsky","startTime":1721.18,"endTime":1724.87,"body":"it's enough that just a few"},{"speaker":"Alex Mashinsky","startTime":1721.18,"endTime":1724.87,"body":"percentages of that is going to"},{"speaker":"Alex Mashinsky","startTime":1724.87,"endTime":1728.5,"body":"make its way into bitcoin for"},{"speaker":"Alex Mashinsky","startTime":1724.87,"endTime":1728.5,"body":"bitcoin price to double again,"},{"speaker":"Alex Mashinsky","startTime":1728.5,"endTime":1732.1,"body":"you don't need again, you don't"},{"speaker":"Alex Mashinsky","startTime":1728.5,"endTime":1732.1,"body":"need to draw down a trillion"},{"speaker":"Alex Mashinsky","startTime":1732.1,"endTime":1738.34,"body":"dollars from the stock market to"},{"speaker":"Alex Mashinsky","startTime":1732.1,"endTime":1738.34,"body":"buy bitcoin, right. So the"},{"speaker":"Alex Mashinsky","startTime":1738.34,"endTime":1742.48,"body":"Bitcoin market itself is a much"},{"speaker":"Alex Mashinsky","startTime":1738.34,"endTime":1742.48,"body":"smaller market. So it moves on"},{"speaker":"Alex Mashinsky","startTime":1743.35,"endTime":1748.51,"body":"even small changes of demand. So"},{"speaker":"Alex Mashinsky","startTime":1743.35,"endTime":1748.51,"body":"the big question is really,"},{"speaker":"Alex Mashinsky","startTime":1749.2,"endTime":1752.47,"body":"where, at what price points"},{"speaker":"Alex Mashinsky","startTime":1749.2,"endTime":1752.47,"body":"people are going to sell, like,"},{"speaker":"Alex Mashinsky","startTime":1752.47,"endTime":1755.5,"body":"for example, the mining"},{"speaker":"Alex Mashinsky","startTime":1752.47,"endTime":1755.5,"body":"companies, right? Are they going"},{"speaker":"Alex Mashinsky","startTime":1755.5,"endTime":1759.64,"body":"to sell at 70,000 or 80,000, or"},{"speaker":"Alex Mashinsky","startTime":1755.5,"endTime":1759.64,"body":"100,000? Or they're going to"},{"speaker":"Alex Mashinsky","startTime":1759.64,"endTime":1763.27,"body":"wait for it to go higher, right?"},{"speaker":"Alex Mashinsky","startTime":1759.64,"endTime":1763.27,"body":"Because they're producing a lot"},{"speaker":"Alex Mashinsky","startTime":1763.27,"endTime":1767.2,"body":"of the new Bitcoin. The people"},{"speaker":"Alex Mashinsky","startTime":1763.27,"endTime":1767.2,"body":"that bought Bitcoin at 10,000 to"},{"speaker":"Alex Mashinsky","startTime":1767.2,"endTime":1772.09,"body":"7000, or whatever are they going"},{"speaker":"Alex Mashinsky","startTime":1767.2,"endTime":1772.09,"body":"to sell at 60 when it hits that"},{"speaker":"Alex Mashinsky","startTime":1772.15,"endTime":1776.38,"body":"all time high again, or they're"},{"speaker":"Alex Mashinsky","startTime":1772.15,"endTime":1776.38,"body":"gonna wait for it to get to go"},{"speaker":"Alex Mashinsky","startTime":1776.38,"endTime":1779.98,"body":"jump much higher? So we know"},{"speaker":"Alex Mashinsky","startTime":1776.38,"endTime":1779.98,"body":"what the supply looks like we"},{"speaker":"Alex Mashinsky","startTime":1779.98,"endTime":1784.42,"body":"know exactly how much bitcoins"},{"speaker":"Alex Mashinsky","startTime":1779.98,"endTime":1784.42,"body":"being created every day. Right?"},{"speaker":"Alex Mashinsky","startTime":1784.42,"endTime":1789.13,"body":"But we don't know how much of"},{"speaker":"Alex Mashinsky","startTime":1784.42,"endTime":1789.13,"body":"the selling is there. How much"},{"speaker":"Alex Mashinsky","startTime":1789.13,"endTime":1791.35,"body":"of the selling is going to show"},{"speaker":"Alex Mashinsky","startTime":1789.13,"endTime":1791.35,"body":"up at different price level"},{"speaker":"Alex Mashinsky","startTime":1791.35,"endTime":1794.2,"body":"because we've never been here"},{"speaker":"Alex Mashinsky","startTime":1791.35,"endTime":1794.2,"body":"before. We've never been at the"},{"speaker":"Alex Mashinsky","startTime":1794.2,"endTime":1801.88,"body":"70,000 or 90,000 or 100,000"},{"speaker":"Alex Mashinsky","startTime":1794.2,"endTime":1801.88,"body":"levels. So demand is definitely"},{"speaker":"Alex Mashinsky","startTime":1801.88,"endTime":1806.59,"body":"strong and accelerating, which"},{"speaker":"Alex Mashinsky","startTime":1801.88,"endTime":1806.59,"body":"is great news. And that makes me"},{"speaker":"Alex Mashinsky","startTime":1806.59,"endTime":1809.47,"body":"very confident that sooner or"},{"speaker":"Alex Mashinsky","startTime":1806.59,"endTime":1809.47,"body":"later we're going to flush"},{"speaker":"Alex Mashinsky","startTime":1809.47,"endTime":1815.59,"body":"through all of these weekends"},{"speaker":"Alex Mashinsky","startTime":1809.47,"endTime":1815.59,"body":"and really hit amazing numbers"},{"speaker":"Alex Mashinsky","startTime":1815.59,"endTime":1818.89,"body":"for Bitcoin. It's also, again,"},{"speaker":"Alex Mashinsky","startTime":1815.59,"endTime":1818.89,"body":"it's not that Bitcoin is so"},{"speaker":"Alex Mashinsky","startTime":1818.89,"endTime":1823.09,"body":"great, it's that the rest of the"},{"speaker":"Alex Mashinsky","startTime":1818.89,"endTime":1823.09,"body":"world is printing money so"},{"speaker":"Alex Mashinsky","startTime":1823.09,"endTime":1827.17,"body":"recklessly, that more and more"},{"speaker":"Alex Mashinsky","startTime":1823.09,"endTime":1827.17,"body":"of the smartest and the richest"},{"speaker":"Alex Mashinsky","startTime":1827.17,"endTime":1830.29,"body":"people in the world are deciding"},{"speaker":"Alex Mashinsky","startTime":1827.17,"endTime":1830.29,"body":"everyday, you know what? I"},{"speaker":"Alex Mashinsky","startTime":1830.29,"endTime":1833.89,"body":"thought I'm gonna allocate 1%"},{"speaker":"Alex Mashinsky","startTime":1830.29,"endTime":1833.89,"body":"I'm allocating 3% to Bitcoin,"},{"speaker":"Alex Mashinsky","startTime":1834.1,"endTime":1837.25,"body":"right? They're basically"},{"speaker":"Alex Mashinsky","startTime":1834.1,"endTime":1837.25,"body":"increasing their allocation. And"},{"speaker":"Alex Mashinsky","startTime":1837.25,"endTime":1842.26,"body":"and some people like Michael"},{"speaker":"Alex Mashinsky","startTime":1837.25,"endTime":1842.26,"body":"sailor are like 100%, you know?"},{"speaker":"Matt Zahab","startTime":1842.83,"endTime":1844.3,"body":"He's a sick puppy."},{"speaker":"Alex Mashinsky","startTime":1844.45,"endTime":1847.06,"body":"Was great. We"},{"speaker":"Alex Mashinsky","startTime":1844.45,"endTime":1847.06,"body":"need more ambassadors like him."},{"speaker":"Alex Mashinsky","startTime":1847.06,"endTime":1852.19,"body":"You know, we, again, I'll remind"},{"speaker":"Alex Mashinsky","startTime":1847.06,"endTime":1852.19,"body":"everybody that in 2017, our top"},{"speaker":"Alex Mashinsky","startTime":1852.19,"endTime":1858.19,"body":"Ambassador was John McAfee, you"},{"speaker":"Alex Mashinsky","startTime":1852.19,"endTime":1858.19,"body":"know, he was our top"},{"speaker":"Alex Mashinsky","startTime":1858.19,"endTime":1862.96,"body":"ambassadors. I'll take Michael"},{"speaker":"Alex Mashinsky","startTime":1858.19,"endTime":1862.96,"body":"sailor any day of the week, to"},{"speaker":"Alex Mashinsky","startTime":1862.96,"endTime":1865.78,"body":"be the Bitcoin top ambassador."},{"speaker":"Matt Zahab","startTime":1866.05,"endTime":1869.26,"body":"I love that. He"},{"speaker":"Matt Zahab","startTime":1866.05,"endTime":1869.26,"body":"talked about wealthy people"},{"speaker":"Matt Zahab","startTime":1869.26,"endTime":1874.48,"body":"putting one to 3% of their net"},{"speaker":"Matt Zahab","startTime":1869.26,"endTime":1874.48,"body":"worth into bitcoin, which"},{"speaker":"Matt Zahab","startTime":1874.6,"endTime":1878.17,"body":"something that would have been a"},{"speaker":"Matt Zahab","startTime":1874.6,"endTime":1878.17,"body":"much more efficient and larger"},{"speaker":"Matt Zahab","startTime":1878.17,"endTime":1883.09,"body":"investment would have been $CEL"},{"speaker":"Matt Zahab","startTime":1878.17,"endTime":1883.09,"body":"token. What a treat I, every"},{"speaker":"Matt Zahab","startTime":1883.09,"endTime":1885.91,"body":"time I look at the charts, I see"},{"speaker":"Matt Zahab","startTime":1883.09,"endTime":1885.91,"body":"$CEL token, I'm like, oh, man,"},{"speaker":"Matt Zahab","startTime":1885.91,"endTime":1889.15,"body":"you missed the boat on that one."},{"speaker":"Matt Zahab","startTime":1885.91,"endTime":1889.15,"body":"Hopefully, I didn't. $CEL token"},{"speaker":"Matt Zahab","startTime":1889.18,"endTime":1892.84,"body":"is up what over 6,000% in the"},{"speaker":"Matt Zahab","startTime":1889.18,"endTime":1892.84,"body":"last year. I love going to the"},{"speaker":"Matt Zahab","startTime":1892.84,"endTime":1896.47,"body":"leaderboard And you see, you"},{"speaker":"Matt Zahab","startTime":1892.84,"endTime":1896.47,"body":"know, the $CEL token"},{"speaker":"Matt Zahab","startTime":1897.1,"endTime":1900.76,"body":"leaderboard, the top 500"},{"speaker":"Matt Zahab","startTime":1897.1,"endTime":1900.76,"body":"hodlers. And we have the machine"},{"speaker":"Matt Zahab","startTime":1900.76,"endTime":1905.8,"body":"himself with 40 million cell"},{"speaker":"Matt Zahab","startTime":1900.76,"endTime":1905.8,"body":"tokens. I love seeing that. Tell"},{"speaker":"Matt Zahab","startTime":1905.8,"endTime":1909.79,"body":"me why one should hold $CEL"},{"speaker":"Matt Zahab","startTime":1905.8,"endTime":1909.79,"body":"token? And are there any future"},{"speaker":"Matt Zahab","startTime":1909.79,"endTime":1911.35,"body":"plans for sell tokens down the"},{"speaker":"Matt Zahab","startTime":1909.79,"endTime":1911.35,"body":"road?"},{"speaker":"Alex Mashinsky","startTime":1911.57,"endTime":1914.72,"body":"Sure. So we"},{"speaker":"Alex Mashinsky","startTime":1911.57,"endTime":1914.72,"body":"really created this for the"},{"speaker":"Alex Mashinsky","startTime":1914.72,"endTime":1917.27,"body":"community, right? I mean, the"},{"speaker":"Alex Mashinsky","startTime":1914.72,"endTime":1917.27,"body":"project was funded by the"},{"speaker":"Alex Mashinsky","startTime":1917.27,"endTime":1921.65,"body":"community with an ICO in 2017."},{"speaker":"Alex Mashinsky","startTime":1917.27,"endTime":1921.65,"body":"We delivered on everything we"},{"speaker":"Alex Mashinsky","startTime":1921.65,"endTime":1925.97,"body":"promised, we created tremendous"},{"speaker":"Alex Mashinsky","startTime":1921.65,"endTime":1925.97,"body":"amount of value, we created over"},{"speaker":"Alex Mashinsky","startTime":1925.97,"endTime":1929.3,"body":"300 millionaires. Most of these"},{"speaker":"Alex Mashinsky","startTime":1925.97,"endTime":1929.3,"body":"people, these are not rich"},{"speaker":"Alex Mashinsky","startTime":1929.3,"endTime":1934.31,"body":"people that, you know, cashed"},{"speaker":"Alex Mashinsky","startTime":1929.3,"endTime":1934.31,"body":"out of Amazon and then jumped in"},{"speaker":"Alex Mashinsky","startTime":1934.31,"endTime":1938.54,"body":"here with millions of dollars,"},{"speaker":"Alex Mashinsky","startTime":1934.31,"endTime":1938.54,"body":"our average deposit is $14,000."},{"speaker":"Alex Mashinsky","startTime":1938.75,"endTime":1942.53,"body":"So these are people that for"},{"speaker":"Alex Mashinsky","startTime":1938.75,"endTime":1942.53,"body":"whom we change their lives"},{"speaker":"Alex Mashinsky","startTime":1942.53,"endTime":1947.66,"body":"forever, right? They believe"},{"speaker":"Alex Mashinsky","startTime":1942.53,"endTime":1947.66,"body":"that we were here to do good and"},{"speaker":"Alex Mashinsky","startTime":1947.66,"endTime":1951.14,"body":"do well. And they helped us"},{"speaker":"Alex Mashinsky","startTime":1947.66,"endTime":1951.14,"body":"bring others, right. I mean, we"},{"speaker":"Alex Mashinsky","startTime":1951.14,"endTime":1955.67,"body":"don't advertise, we don't really"},{"speaker":"Alex Mashinsky","startTime":1951.14,"endTime":1955.67,"body":"do all the crazy stuff that coin"},{"speaker":"Alex Mashinsky","startTime":1955.67,"endTime":1958.7,"body":"base or block fire other people"},{"speaker":"Alex Mashinsky","startTime":1955.67,"endTime":1958.7,"body":"do, right? I mean, we are much"},{"speaker":"Alex Mashinsky","startTime":1958.7,"endTime":1964.37,"body":"more community centric. We"},{"speaker":"Alex Mashinsky","startTime":1958.7,"endTime":1964.37,"body":"rather pay you $40 to bring one"},{"speaker":"Alex Mashinsky","startTime":1964.37,"endTime":1968.69,"body":"of your friends and pay them $40"},{"speaker":"Alex Mashinsky","startTime":1964.37,"endTime":1968.69,"body":"then give it to Facebook or to"},{"speaker":"Alex Mashinsky","startTime":1969.5,"endTime":1972.8,"body":"Google, right? Why spend money"},{"speaker":"Alex Mashinsky","startTime":1969.5,"endTime":1972.8,"body":"on advertising, if I can give it"},{"speaker":"Alex Mashinsky","startTime":1972.8,"endTime":1976.13,"body":"to you. And if you're having a"},{"speaker":"Alex Mashinsky","startTime":1972.8,"endTime":1976.13,"body":"great experience, you will also"},{"speaker":"Alex Mashinsky","startTime":1976.13,"endTime":1979.97,"body":"bring your friends. So our"},{"speaker":"Alex Mashinsky","startTime":1976.13,"endTime":1979.97,"body":"mantra worked extremely,"},{"speaker":"Alex Mashinsky","startTime":1979.97,"endTime":1983.09,"body":"exceptionally well, like you"},{"speaker":"Alex Mashinsky","startTime":1979.97,"endTime":1983.09,"body":"said, we were masari ranked the"},{"speaker":"Alex Mashinsky","startTime":1983.09,"endTime":1988.97,"body":"$CEL token as the top performing"},{"speaker":"Alex Mashinsky","startTime":1983.09,"endTime":1988.97,"body":"token or coin last year, way"},{"speaker":"Alex Mashinsky","startTime":1988.97,"endTime":1993.02,"body":"ahead of everybody else was"},{"speaker":"Alex Mashinsky","startTime":1988.97,"endTime":1993.02,"body":"ranked their Tia and Bitcoin and"},{"speaker":"Alex Mashinsky","startTime":1993.02,"endTime":1997.1,"body":"Ethereum and everybody else"},{"speaker":"Alex Mashinsky","startTime":1993.02,"endTime":1997.1,"body":"right. So and again, it's"},{"speaker":"Alex Mashinsky","startTime":1997.1,"endTime":2000.25,"body":"because we created so much value"},{"speaker":"Alex Mashinsky","startTime":1997.1,"endTime":2000.25,"body":"for the community, right? It's"},{"speaker":"Alex Mashinsky","startTime":2000.25,"endTime":2005.86,"body":"not because we sold a dream or"},{"speaker":"Alex Mashinsky","startTime":2000.25,"endTime":2005.86,"body":"oh, we gonna learn something"},{"speaker":"Alex Mashinsky","startTime":2005.86,"endTime":2010.15,"body":"next year, right? There's so"},{"speaker":"Alex Mashinsky","startTime":2005.86,"endTime":2010.15,"body":"many projects that are building"},{"speaker":"Alex Mashinsky","startTime":2010.18,"endTime":2013.39,"body":"on the promise. They're creating"},{"speaker":"Alex Mashinsky","startTime":2010.18,"endTime":2013.39,"body":"hype, and people getting"},{"speaker":"Alex Mashinsky","startTime":2013.42,"endTime":2017.5,"body":"excited, and they hope that"},{"speaker":"Alex Mashinsky","startTime":2013.42,"endTime":2017.5,"body":"something will happen. We're"},{"speaker":"Alex Mashinsky","startTime":2017.5,"endTime":2021.43,"body":"adding a billion dollars a month"},{"speaker":"Alex Mashinsky","startTime":2017.5,"endTime":2021.43,"body":"right now in net deposits. So"},{"speaker":"Alex Mashinsky","startTime":2021.43,"endTime":2026.89,"body":"when we say 18 billion, we were"},{"speaker":"Alex Mashinsky","startTime":2021.43,"endTime":2026.89,"body":"10, we just few weeks ago"},{"speaker":"Alex Mashinsky","startTime":2026.89,"endTime":2031.54,"body":"celebrated the having 10 billion"},{"speaker":"Alex Mashinsky","startTime":2026.89,"endTime":2031.54,"body":"in assets with my and we printed"},{"speaker":"Alex Mashinsky","startTime":2031.54,"endTime":2033.97,"body":"the 10 billion t shirts, and"},{"speaker":"Alex Mashinsky","startTime":2031.54,"endTime":2033.97,"body":"they're already obsolete because"},{"speaker":"Alex Mashinsky","startTime":2033.97,"endTime":2038.35,"body":"now we have to print the 20"},{"speaker":"Alex Mashinsky","startTime":2033.97,"endTime":2038.35,"body":"billion t shirts. So that's how"},{"speaker":"Alex Mashinsky","startTime":2038.35,"endTime":2043.27,"body":"fast we're accelerating and it's"},{"speaker":"Alex Mashinsky","startTime":2038.35,"endTime":2043.27,"body":"because again, we're giving 80%"},{"speaker":"Alex Mashinsky","startTime":2043.27,"endTime":2046.06,"body":"back to our community to our"},{"speaker":"Alex Mashinsky","startTime":2043.27,"endTime":2046.06,"body":"depositors right now and no one"},{"speaker":"Alex Mashinsky","startTime":2046.06,"endTime":2049.06,"body":"is crazy enough to do that."},{"speaker":"Alex Mashinsky","startTime":2046.06,"endTime":2049.06,"body":"Binance, you know, is bragging"},{"speaker":"Alex Mashinsky","startTime":2049.06,"endTime":2053.29,"body":"about how they're giving 20%"},{"speaker":"Alex Mashinsky","startTime":2049.06,"endTime":2053.29,"body":"back you know, like so Celsius"},{"speaker":"Alex Mashinsky","startTime":2053.29,"endTime":2061.18,"body":"is a much much much more you"},{"speaker":"Alex Mashinsky","startTime":2053.29,"endTime":2061.18,"body":"know, doing better for our users"},{"speaker":"Alex Mashinsky","startTime":2061.21,"endTime":2065.38,"body":"and we plan to continue doing"},{"speaker":"Alex Mashinsky","startTime":2061.21,"endTime":2065.38,"body":"that. And $CEL token will take"},{"speaker":"Alex Mashinsky","startTime":2065.38,"endTime":2069.37,"body":"care of itself I mean, our"},{"speaker":"Alex Mashinsky","startTime":2065.38,"endTime":2069.37,"body":"utility, which is earning yield"},{"speaker":"Alex Mashinsky","startTime":2069.4,"endTime":2072.7,"body":"on your money doesn't matter if"},{"speaker":"Alex Mashinsky","startTime":2069.4,"endTime":2072.7,"body":"you have gold or Bitcoin or"},{"speaker":"Alex Mashinsky","startTime":2072.7,"endTime":2077.44,"body":"Ethereum or a stable coin. You"},{"speaker":"Alex Mashinsky","startTime":2072.7,"endTime":2077.44,"body":"earn positive yield anywhere"},{"speaker":"Alex Mashinsky","startTime":2077.44,"endTime":2083.53,"body":"between four and 24% right on"},{"speaker":"Alex Mashinsky","startTime":2077.44,"endTime":2083.53,"body":"your money paid in Bitcoin or in"},{"speaker":"Alex Mashinsky","startTime":2083.53,"endTime":2088.18,"body":"Ethereum or in other coin, you"},{"speaker":"Alex Mashinsky","startTime":2083.53,"endTime":2088.18,"body":"can also earn in $CEL, but you"},{"speaker":"Alex Mashinsky","startTime":2088.18,"endTime":2091.6,"body":"can come to Celsius never"},{"speaker":"Alex Mashinsky","startTime":2088.18,"endTime":2091.6,"body":"touched $CEL token, make a lot"},{"speaker":"Alex Mashinsky","startTime":2091.6,"endTime":2094.93,"body":"of money with Bitcoin and never"},{"speaker":"Alex Mashinsky","startTime":2091.6,"endTime":2094.93,"body":"talk to us again, never touch"},{"speaker":"Alex Mashinsky","startTime":2094.93,"endTime":2098.77,"body":"$CEL and we're happy and you're"},{"speaker":"Alex Mashinsky","startTime":2094.93,"endTime":2098.77,"body":"happy, right? So we got to"},{"speaker":"Alex Mashinsky","startTime":2098.77,"endTime":2102.19,"body":"create yield. We gave you most"},{"speaker":"Alex Mashinsky","startTime":2098.77,"endTime":2102.19,"body":"of it. It's a win win"},{"speaker":"Alex Mashinsky","startTime":2102.19,"endTime":2108.16,"body":"relationship. So I think this"},{"speaker":"Alex Mashinsky","startTime":2102.19,"endTime":2108.16,"body":"business model is a killer app."},{"speaker":"Alex Mashinsky","startTime":2108.16,"endTime":2110.83,"body":"Right? That's the yield is the"},{"speaker":"Alex Mashinsky","startTime":2108.16,"endTime":2110.83,"body":"second killer app of crypto. The"},{"speaker":"Alex Mashinsky","startTime":2110.83,"endTime":2114.58,"body":"first one is store value for"},{"speaker":"Alex Mashinsky","startTime":2110.83,"endTime":2114.58,"body":"Bitcoin, the second one is"},{"speaker":"Alex Mashinsky","startTime":2114.58,"endTime":2120.1,"body":"yield. And I think Celsius does"},{"speaker":"Alex Mashinsky","startTime":2114.58,"endTime":2120.1,"body":"it better than anyone else and"},{"speaker":"Alex Mashinsky","startTime":2120.1,"endTime":2122.89,"body":"again, we have more assets than"},{"speaker":"Alex Mashinsky","startTime":2120.1,"endTime":2122.89,"body":"anyone else, we've paid more"},{"speaker":"Alex Mashinsky","startTime":2122.89,"endTime":2126.34,"body":"interest than anyone else. We've"},{"speaker":"Alex Mashinsky","startTime":2122.89,"endTime":2126.34,"body":"been doing this longer than"},{"speaker":"Alex Mashinsky","startTime":2126.34,"endTime":2130.54,"body":"anyone else. So that's the"},{"speaker":"Alex Mashinsky","startTime":2126.34,"endTime":2130.54,"body":"secret for the $CEL token"},{"speaker":"Alex Mashinsky","startTime":2130.54,"endTime":2131.14,"body":"success."},{"speaker":"Matt Zahab","startTime":2131.56,"endTime":2134.14,"body":"One of the quotes"},{"speaker":"Matt Zahab","startTime":2131.56,"endTime":2134.14,"body":"you have on, and by the way, you"},{"speaker":"Matt Zahab","startTime":2134.14,"endTime":2137.29,"body":"are literally a quote factory,"},{"speaker":"Matt Zahab","startTime":2134.14,"endTime":2137.29,"body":"like you gotta, you got to start"},{"speaker":"Matt Zahab","startTime":2137.29,"endTime":2141.82,"body":"a book or just have a Alex"},{"speaker":"Matt Zahab","startTime":2137.29,"endTime":2141.82,"body":"Mashinsky Twitter, that is"},{"speaker":"Matt Zahab","startTime":2141.85,"endTime":2145.21,"body":"strictly quotes. But one of the"},{"speaker":"Matt Zahab","startTime":2141.85,"endTime":2145.21,"body":"quotes you had about Celsius and"},{"speaker":"Matt Zahab","startTime":2145.21,"endTime":2149.83,"body":"the $CEL token was great asset"},{"speaker":"Matt Zahab","startTime":2145.21,"endTime":2149.83,"body":"does well does great pays high"},{"speaker":"Matt Zahab","startTime":2149.83,"endTime":2154.12,"body":"yield to combo of a dividend"},{"speaker":"Matt Zahab","startTime":2149.83,"endTime":2154.12,"body":"stock, and has crazy upside in"},{"speaker":"Matt Zahab","startTime":2154.12,"endTime":2157.48,"body":"the stock itself. And when you"},{"speaker":"Matt Zahab","startTime":2154.12,"endTime":2157.48,"body":"think about that, like that"},{"speaker":"Matt Zahab","startTime":2157.48,"endTime":2161.05,"body":"doesn't grow on trees, and that"},{"speaker":"Matt Zahab","startTime":2157.48,"endTime":2161.05,"body":"opportunity is far and few in"},{"speaker":"Matt Zahab","startTime":2161.05,"endTime":2163.78,"body":"between, on the actual stock"},{"speaker":"Matt Zahab","startTime":2161.05,"endTime":2163.78,"body":"market. And you guys have"},{"speaker":"Matt Zahab","startTime":2163.78,"endTime":2167.11,"body":"intertwined all of that"},{"speaker":"Matt Zahab","startTime":2163.78,"endTime":2167.11,"body":"together. It's such an awesome"},{"speaker":"Matt Zahab","startTime":2167.11,"endTime":2169.93,"body":"place, what are the next steps"},{"speaker":"Matt Zahab","startTime":2167.11,"endTime":2169.93,"body":"for Celsius in regards to the"},{"speaker":"Matt Zahab","startTime":2169.93,"endTime":2219.94,"body":"whole worldwide expansion and"},{"speaker":"Matt Zahab","startTime":2169.93,"endTime":2219.94,"body":"really getting mass adoption to"},{"speaker":"Alex Mashinsky","startTime":2174.78,"endTime":2178.11,"body":"So there's only"},{"speaker":"Alex Mashinsky","startTime":2174.78,"endTime":2178.11,"body":"695 million $CEL tokens, right?"},{"speaker":"Alex Mashinsky","startTime":2178.11,"endTime":2182.22,"body":"And half of them are held by the"},{"speaker":"Alex Mashinsky","startTime":2178.11,"endTime":2182.22,"body":"company. So in circulation is"},{"speaker":"Alex Mashinsky","startTime":2182.22,"endTime":2187.32,"body":"less than 300 million. And so"},{"speaker":"Alex Mashinsky","startTime":2182.22,"endTime":2187.32,"body":"you have to think to yourself,"},{"speaker":"Alex Mashinsky","startTime":2187.32,"endTime":2191.01,"body":"okay, limited supply, even more"},{"speaker":"Alex Mashinsky","startTime":2187.32,"endTime":2191.01,"body":"limited than Bitcoin or"},{"speaker":"Alex Mashinsky","startTime":2191.01,"endTime":2193.53,"body":"Ethereum, because Bitcoin and"},{"speaker":"Alex Mashinsky","startTime":2191.01,"endTime":2193.53,"body":"theorem have inflation, they're"},{"speaker":"Alex Mashinsky","startTime":2193.53,"endTime":2197.55,"body":"creating new Bitcoin and new"},{"speaker":"Alex Mashinsky","startTime":2193.53,"endTime":2197.55,"body":"Ethereum every day. Celsius does"},{"speaker":"Alex Mashinsky","startTime":2197.55,"endTime":2202.17,"body":"not create any new $CEL tokens."},{"speaker":"Alex Mashinsky","startTime":2197.55,"endTime":2202.17,"body":"So we're adding, we're growing"},{"speaker":"Alex Mashinsky","startTime":2202.17,"endTime":2205.56,"body":"at about 3%. week on week, just"},{"speaker":"Alex Mashinsky","startTime":2202.17,"endTime":2205.56,"body":"the number of subscribers,"},{"speaker":"Alex Mashinsky","startTime":2205.95,"endTime":2211.71,"body":"right? So we're now at, like I"},{"speaker":"Alex Mashinsky","startTime":2205.95,"endTime":2211.71,"body":"said, 650,000, do compounding 3%"},{"speaker":"Alex Mashinsky","startTime":2212.13,"endTime":2216.3,"body":"week over week, right? How far"},{"speaker":"Alex Mashinsky","startTime":2212.13,"endTime":2216.3,"body":"are you going to get? So it's"},{"speaker":"Alex Mashinsky","startTime":2216.3,"endTime":2220.23,"body":"gonna, there's gonna come a"},{"speaker":"Alex Mashinsky","startTime":2216.3,"endTime":2220.23,"body":"time, where you're going to not"},{"speaker":"Alex Mashinsky","startTime":2220.23,"endTime":2225.27,"body":"have enough $CEL tokens, because"},{"speaker":"Alex Mashinsky","startTime":2220.23,"endTime":2225.27,"body":"every week 60% of our community"},{"speaker":"Alex Mashinsky","startTime":2221.47,"endTime":2404.41,"body":"become a thing?"},{"speaker":"Alex Mashinsky","startTime":2225.27,"endTime":2228.0,"body":"says I don't want to be paid in"},{"speaker":"Alex Mashinsky","startTime":2225.27,"endTime":2228.0,"body":"Bitcoin, I don't want to be paid"},{"speaker":"Alex Mashinsky","startTime":2228.0,"endTime":2231.84,"body":"in Ethereum. I want $CEL token."},{"speaker":"Alex Mashinsky","startTime":2228.0,"endTime":2231.84,"body":"So we have to take our earnings,"},{"speaker":"Alex Mashinsky","startTime":2232.23,"endTime":2235.56,"body":"go to market and buy $CEL token"},{"speaker":"Alex Mashinsky","startTime":2232.23,"endTime":2235.56,"body":"in the market, so we could"},{"speaker":"Alex Mashinsky","startTime":2235.56,"endTime":2239.82,"body":"deliver it to our community. And"},{"speaker":"Alex Mashinsky","startTime":2235.56,"endTime":2239.82,"body":"just like with Bitcoin or"},{"speaker":"Alex Mashinsky","startTime":2239.82,"endTime":2244.71,"body":"Ethereum, the $CEL token holders"},{"speaker":"Alex Mashinsky","startTime":2239.82,"endTime":2244.71,"body":"say, I'm not selling. Why would"},{"speaker":"Alex Mashinsky","startTime":2244.71,"endTime":2247.44,"body":"I sell to you? I know that next"},{"speaker":"Alex Mashinsky","startTime":2244.71,"endTime":2247.44,"body":"week Celsius will be buying in"},{"speaker":"Alex Mashinsky","startTime":2247.44,"endTime":2249.96,"body":"the market. And then week after"},{"speaker":"Alex Mashinsky","startTime":2247.44,"endTime":2249.96,"body":"that, and every week, they have"},{"speaker":"Alex Mashinsky","startTime":2249.96,"endTime":2253.89,"body":"to buy more and more and more."},{"speaker":"Alex Mashinsky","startTime":2249.96,"endTime":2253.89,"body":"So if I just sit on my hands and"},{"speaker":"Alex Mashinsky","startTime":2253.89,"endTime":2258.87,"body":"wait, the value of the token"},{"speaker":"Alex Mashinsky","startTime":2253.89,"endTime":2258.87,"body":"will appreciate right. So that's"},{"speaker":"Alex Mashinsky","startTime":2258.87,"endTime":2263.25,"body":"the dynamics. That's the"},{"speaker":"Alex Mashinsky","startTime":2258.87,"endTime":2263.25,"body":"basically the tokenomics of the"},{"speaker":"Alex Mashinsky","startTime":2263.25,"endTime":2266.67,"body":"$CEL token. And we still, I don"},{"speaker":"Alex Mashinsky","startTime":2263.25,"endTime":2266.67,"body":"t think there is any other proje"},{"speaker":"Alex Mashinsky","startTime":2266.67,"endTime":2269.97,"body":"t today that does that. Right"},{"speaker":"Alex Mashinsky","startTime":2266.67,"endTime":2269.97,"body":"I mean, there's a lot of proje"},{"speaker":"Alex Mashinsky","startTime":2269.97,"endTime":2274.5,"body":"t that shower governance token"},{"speaker":"Alex Mashinsky","startTime":2269.97,"endTime":2274.5,"body":"on you, they give you farmi"},{"speaker":"Alex Mashinsky","startTime":2274.5,"endTime":2278.46,"body":"g, they give you, but they don't"},{"speaker":"Alex Mashinsky","startTime":2274.5,"endTime":2278.46,"body":"have this tokenomics where it's"},{"speaker":"Alex Mashinsky","startTime":2278.7,"endTime":2281.7,"body":"win win win for every"},{"speaker":"Alex Mashinsky","startTime":2278.7,"endTime":2281.7,"body":"ody, right? Like you said, in Ce"},{"speaker":"Alex Mashinsky","startTime":2282.0,"endTime":2286.71,"body":"sius, you can come and just"},{"speaker":"Alex Mashinsky","startTime":2282.0,"endTime":2286.71,"body":"arn yield, you can earn yield"},{"speaker":"Alex Mashinsky","startTime":2286.71,"endTime":2291.33,"body":"and benefits earn in $CEL token"},{"speaker":"Alex Mashinsky","startTime":2286.71,"endTime":2291.33,"body":"right or buy sell token, right"},{"speaker":"Alex Mashinsky","startTime":2291.33,"endTime":2294.18,"body":"You can also buy the equit"},{"speaker":"Alex Mashinsky","startTime":2291.33,"endTime":2294.18,"body":"you can buy into the equit"},{"speaker":"Alex Mashinsky","startTime":2294.18,"endTime":2298.2,"body":"of Celsius. And when you gave"},{"speaker":"Alex Mashinsky","startTime":2294.18,"endTime":2298.2,"body":"ll that money to Coinbase and i"},{"speaker":"Alex Mashinsky","startTime":2298.2,"endTime":2302.22,"body":"terms of fees and buying Bitco"},{"speaker":"Alex Mashinsky","startTime":2298.2,"endTime":2302.22,"body":"n from them, and so on, did t"},{"speaker":"Alex Mashinsky","startTime":2302.43,"endTime":2305.79,"body":"ey send you any thank you notes"},{"speaker":"Alex Mashinsky","startTime":2302.43,"endTime":2305.79,"body":"and said, hey, here are your"},{"speaker":"Alex Mashinsky","startTime":2305.79,"endTime":2310.53,"body":"hares come participate in our I"},{"speaker":"Alex Mashinsky","startTime":2305.79,"endTime":2310.53,"body":"O you created $60 billion worth"},{"speaker":"Alex Mashinsky","startTime":2310.86,"endTime":2314.73,"body":"of value. Nada, right? At C"},{"speaker":"Alex Mashinsky","startTime":2310.86,"endTime":2314.73,"body":"lsius you get to participate"},{"speaker":"Alex Mashinsky","startTime":2314.73,"endTime":2320.28,"body":"We allow, we basically b"},{"speaker":"Alex Mashinsky","startTime":2314.73,"endTime":2320.28,"body":"sides ICO, we also invited our"},{"speaker":"Alex Mashinsky","startTime":2320.46,"endTime":2323.94,"body":"entire community to come and jo"},{"speaker":"Alex Mashinsky","startTime":2320.46,"endTime":2323.94,"body":"n us in our equity round and o"},{"speaker":"Alex Mashinsky","startTime":2323.94,"endTime":2328.56,"body":"er 1000 people from all over th"},{"speaker":"Alex Mashinsky","startTime":2323.94,"endTime":2328.56,"body":"world bought equity and Celsius"},{"speaker":"Alex Mashinsky","startTime":2328.56,"endTime":2331.23,"body":"they're sitting on the bus rig"},{"speaker":"Alex Mashinsky","startTime":2328.56,"endTime":2331.23,"body":"t next to me. They own equity,"},{"speaker":"Alex Mashinsky","startTime":2331.23,"endTime":2334.53,"body":"they don't own $CEL token, they"},{"speaker":"Alex Mashinsky","startTime":2331.23,"endTime":2334.53,"body":"have coins on deposits th"},{"speaker":"Alex Mashinsky","startTime":2334.53,"endTime":2337.65,"body":"t are earning interest. I"},{"speaker":"Alex Mashinsky","startTime":2334.53,"endTime":2337.65,"body":"'s a win win win, all of our"},{"speaker":"Alex Mashinsky","startTime":2337.68,"endTime":2340.86,"body":"nterests are aligned. So"},{"speaker":"Alex Mashinsky","startTime":2337.68,"endTime":2340.86,"body":"that, when you have all the int"},{"speaker":"Alex Mashinsky","startTime":2340.86,"endTime":2342.99,"body":"rests are aligned, it's very e"},{"speaker":"Alex Mashinsky","startTime":2340.86,"endTime":2342.99,"body":"sy to make decisions,"},{"speaker":"Alex Mashinsky","startTime":2342.99,"endTime":2346.32,"body":"ight? You basically look to the"},{"speaker":"Alex Mashinsky","startTime":2342.99,"endTime":2346.32,"body":"left you look to the right, yep,"},{"speaker":"Alex Mashinsky","startTime":2346.32,"endTime":2349.83,"body":"let's add this token let's add t"},{"speaker":"Alex Mashinsky","startTime":2346.32,"endTime":2349.83,"body":"is coin, let's increase th"},{"speaker":"Alex Mashinsky","startTime":2349.83,"endTime":2355.08,"body":"rates and so on. So since it's"},{"speaker":"Alex Mashinsky","startTime":2349.83,"endTime":2355.08,"body":"n amazing ride, I get thank you"},{"speaker":"Alex Mashinsky","startTime":2355.11,"endTime":2359.22,"body":"mails, thank you letters ever"},{"speaker":"Alex Mashinsky","startTime":2355.11,"endTime":2359.22,"body":"day. It gives you tremendous e"},{"speaker":"Alex Mashinsky","startTime":2359.22,"endTime":2364.02,"body":"ergy, you want to work 24 hours"},{"speaker":"Alex Mashinsky","startTime":2359.22,"endTime":2364.02,"body":"a day. And again, this is m"},{"speaker":"Alex Mashinsky","startTime":2364.02,"endTime":2367.23,"body":"eighth startup as a founder. So"},{"speaker":"Alex Mashinsky","startTime":2364.02,"endTime":2367.23,"body":"you know, I think it's a gre"},{"speaker":"Alex Mashinsky","startTime":2367.23,"endTime":2372.6,"body":"t opportunity to really scale"},{"speaker":"Alex Mashinsky","startTime":2367.23,"endTime":2372.6,"body":"his and make it into a global ba"},{"speaker":"Alex Mashinsky","startTime":2372.6,"endTime":2377.49,"body":"k right because today we're stil"},{"speaker":"Alex Mashinsky","startTime":2372.6,"endTime":2377.49,"body":"a niche, crypto market co"},{"speaker":"Alex Mashinsky","startTime":2377.94,"endTime":2382.83,"body":"pany. So we are betting on the 1"},{"speaker":"Alex Mashinsky","startTime":2377.94,"endTime":2382.83,"body":"0 million people but joini"},{"speaker":"Alex Mashinsky","startTime":2382.83,"endTime":2387.39,"body":"g us right then and changing liv"},{"speaker":"Alex Mashinsky","startTime":2382.83,"endTime":2387.39,"body":"s for 100 million people, enab"},{"speaker":"Alex Mashinsky","startTime":2387.39,"endTime":2391.59,"body":"ing them to getting to financial"},{"speaker":"Alex Mashinsky","startTime":2387.39,"endTime":2391.59,"body":"independence, seeing the"},{"speaker":"Alex Mashinsky","startTime":2391.59,"endTime":2394.11,"body":"ight at the end of the tunnel"},{"speaker":"Alex Mashinsky","startTime":2391.59,"endTime":2394.11,"body":"etting to seeing that that"},{"speaker":"Alex Mashinsky","startTime":2394.11,"endTime":2398.19,"body":"ou can make it to retirement."},{"speaker":"Alex Mashinsky","startTime":2394.11,"endTime":2398.19,"body":"You can help your paren"},{"speaker":"Alex Mashinsky","startTime":2398.19,"endTime":2401.22,"body":"s who can help your family, r"},{"speaker":"Alex Mashinsky","startTime":2398.19,"endTime":2401.22,"body":"ght then all these things"},{"speaker":"Alex Mashinsky","startTime":2401.43,"endTime":2404.97,"body":"are things that almost like,"},{"speaker":"Alex Mashinsky","startTime":2401.43,"endTime":2404.97,"body":"faded away or disappeared fro"},{"speaker":"Alex Mashinsky","startTime":2404.97,"endTime":2408.72,"body":"our lives. Most young people c"},{"speaker":"Alex Mashinsky","startTime":2404.97,"endTime":2408.72,"body":"n't afford a house can't a"},{"speaker":"Alex Mashinsky","startTime":2408.72,"endTime":2412.02,"body":"ford to get married. Can't"},{"speaker":"Alex Mashinsky","startTime":2408.72,"endTime":2412.02,"body":"fford to have more than one"},{"speaker":"Alex Mashinsky","startTime":2412.29,"endTime":2418.29,"body":"id, you know? And it's all bec"},{"speaker":"Alex Mashinsky","startTime":2412.29,"endTime":2418.29,"body":"use of, again, this inflation p"},{"speaker":"Matt Zahab","startTime":2413.57,"endTime":2430.28,"body":"One. This has been"},{"speaker":"Matt Zahab","startTime":2413.57,"endTime":2430.28,"body":"incredible Alex, one last"},{"speaker":"Matt Zahab","startTime":2418.29,"endTime":2422.76,"body":"icing, where most people ju"},{"speaker":"Matt Zahab","startTime":2418.29,"endTime":2422.76,"body":"t can't afford to live their"},{"speaker":"Matt Zahab","startTime":2422.76,"endTime":2427.23,"body":"ives."},{"speaker":"Matt Zahab","startTime":2430.28,"endTime":2433.94,"body":"question. before we let you go"},{"speaker":"Matt Zahab","startTime":2430.28,"endTime":2433.94,"body":"here. You have a quote again,"},{"speaker":"Matt Zahab","startTime":2433.94,"endTime":2437.27,"body":"straight from the quote factory"},{"speaker":"Matt Zahab","startTime":2433.94,"endTime":2437.27,"body":"goes as follows. You said I was"},{"speaker":"Matt Zahab","startTime":2437.27,"endTime":2440.96,"body":"born in communism, I grew up in"},{"speaker":"Matt Zahab","startTime":2437.27,"endTime":2440.96,"body":"socialism and thriving in"},{"speaker":"Matt Zahab","startTime":2440.96,"endTime":2445.58,"body":"capitalism, and crypto is"},{"speaker":"Matt Zahab","startTime":2440.96,"endTime":2445.58,"body":"decentralized Buddhism. How did"},{"speaker":"Matt Zahab","startTime":2445.58,"endTime":2448.07,"body":"you work that together? Like"},{"speaker":"Matt Zahab","startTime":2445.58,"endTime":2448.07,"body":"where did that come from? That's"},{"speaker":"Matt Zahab","startTime":2448.07,"endTime":2453.02,"body":"almost you sound like you got a"},{"speaker":"Matt Zahab","startTime":2448.07,"endTime":2453.02,"body":"bit involved in you like where's"},{"speaker":"Matt Zahab","startTime":2453.02,"endTime":2454.46,"body":"that from? I love that."},{"speaker":"Alex Mashinsky","startTime":2454.51,"endTime":2460.66,"body":"So look, I grew"},{"speaker":"Alex Mashinsky","startTime":2454.51,"endTime":2460.66,"body":"up, I was born in Ukraine. My"},{"speaker":"Alex Mashinsky","startTime":2460.66,"endTime":2465.52,"body":"parents had this old, decrepit"},{"speaker":"Alex Mashinsky","startTime":2460.66,"endTime":2465.52,"body":"house, I had an outhouse, I had"},{"speaker":"Alex Mashinsky","startTime":2465.52,"endTime":2468.28,"body":"to go to the bathroom in the"},{"speaker":"Alex Mashinsky","startTime":2465.52,"endTime":2468.28,"body":"middle of the winter. Ukraine,"},{"speaker":"Alex Mashinsky","startTime":2468.28,"endTime":2471.76,"body":"the winters a serious winter you"},{"speaker":"Alex Mashinsky","startTime":2468.28,"endTime":2471.76,"body":"have to go up the hill to go to"},{"speaker":"Alex Mashinsky","startTime":2471.76,"endTime":2475.66,"body":"the bathroom. So, you know,"},{"speaker":"Alex Mashinsky","startTime":2471.76,"endTime":2475.66,"body":"like, it's not like I was born"},{"speaker":"Alex Mashinsky","startTime":2475.66,"endTime":2480.88,"body":"with a silver spoon and"},{"speaker":"Alex Mashinsky","startTime":2475.66,"endTime":2480.88,"body":"magically, everything I touched,"},{"speaker":"Alex Mashinsky","startTime":2481.21,"endTime":2485.74,"body":"turned into gold. So I struggled"},{"speaker":"Alex Mashinsky","startTime":2481.21,"endTime":2485.74,"body":"through life. I grew up in"},{"speaker":"Alex Mashinsky","startTime":2485.74,"endTime":2488.5,"body":"Israel, my parents immigrated I"},{"speaker":"Alex Mashinsky","startTime":2485.74,"endTime":2488.5,"body":"grew up in Israel went to the"},{"speaker":"Alex Mashinsky","startTime":2488.5,"endTime":2493.66,"body":"military there. And I've seen"},{"speaker":"Alex Mashinsky","startTime":2488.5,"endTime":2493.66,"body":"the horrible things, right?"},{"speaker":"Alex Mashinsky","startTime":2493.66,"endTime":2497.41,"body":"They're both in, you know,"},{"speaker":"Alex Mashinsky","startTime":2493.66,"endTime":2497.41,"body":"before I came to the United"},{"speaker":"Alex Mashinsky","startTime":2497.41,"endTime":2500.8,"body":"States, and when I came to this"},{"speaker":"Alex Mashinsky","startTime":2497.41,"endTime":2500.8,"body":"country, I was like, this is"},{"speaker":"Alex Mashinsky","startTime":2500.83,"endTime":2504.28,"body":"amazing. This place is, you"},{"speaker":"Alex Mashinsky","startTime":2500.83,"endTime":2504.28,"body":"know, most Americans, I say that"},{"speaker":"Alex Mashinsky","startTime":2504.28,"endTime":2508.93,"body":"every day, you're Canadian, so,"},{"speaker":"Alex Mashinsky","startTime":2504.28,"endTime":2508.93,"body":"but the same is true for most"},{"speaker":"Alex Mashinsky","startTime":2508.93,"endTime":2512.71,"body":"Canadians, they don't appreciate"},{"speaker":"Alex Mashinsky","startTime":2508.93,"endTime":2512.71,"body":"what they have, like, you're"},{"speaker":"Alex Mashinsky","startTime":2512.71,"endTime":2516.7,"body":"better off than 99.9% of the"},{"speaker":"Alex Mashinsky","startTime":2512.71,"endTime":2516.7,"body":"population around the world. And"},{"speaker":"Alex Mashinsky","startTime":2517.06,"endTime":2520.69,"body":"most Americans take it for"},{"speaker":"Alex Mashinsky","startTime":2517.06,"endTime":2520.69,"body":"granted. And they complain"},{"speaker":"Alex Mashinsky","startTime":2520.69,"endTime":2526.51,"body":"about, you know, their Tesla and"},{"speaker":"Alex Mashinsky","startTime":2520.69,"endTime":2526.51,"body":"the highways, and they only take"},{"speaker":"Alex Mashinsky","startTime":2526.51,"endTime":2531.97,"body":"two vacations a year and"},{"speaker":"Alex Mashinsky","startTime":2526.51,"endTime":2531.97,"body":"whatever, you know. So my point"},{"speaker":"Alex Mashinsky","startTime":2531.97,"endTime":2538.78,"body":"is that communism, capitalism,"},{"speaker":"Alex Mashinsky","startTime":2531.97,"endTime":2538.78,"body":"socialism, all have their"},{"speaker":"Alex Mashinsky","startTime":2538.81,"endTime":2542.65,"body":"advantages and disadvantages."},{"speaker":"Alex Mashinsky","startTime":2538.81,"endTime":2542.65,"body":"But today, even capitalism,"},{"speaker":"Alex Mashinsky","startTime":2542.65,"endTime":2546.4,"body":"which works so well, for me,"},{"speaker":"Alex Mashinsky","startTime":2542.65,"endTime":2546.4,"body":"does not work for I would say,"},{"speaker":"Alex Mashinsky","startTime":2546.43,"endTime":2551.56,"body":"99% of Americans, right? I mean,"},{"speaker":"Alex Mashinsky","startTime":2546.43,"endTime":2551.56,"body":"so we need the fourth system."},{"speaker":"Alex Mashinsky","startTime":2552.04,"endTime":2555.67,"body":"And what I when I look at the"},{"speaker":"Alex Mashinsky","startTime":2552.04,"endTime":2555.67,"body":"decentralization for me,"},{"speaker":"Alex Mashinsky","startTime":2555.67,"endTime":2559.54,"body":"decentralization is like"},{"speaker":"Alex Mashinsky","startTime":2555.67,"endTime":2559.54,"body":"Buddhism, it's a fourth system"},{"speaker":"Alex Mashinsky","startTime":2560.05,"endTime":2567.73,"body":"in which we can carve or curate"},{"speaker":"Alex Mashinsky","startTime":2560.05,"endTime":2567.73,"body":"our own, in the best way for"},{"speaker":"Alex Mashinsky","startTime":2567.73,"endTime":2573.31,"body":"humanity, right? So we want to"},{"speaker":"Alex Mashinsky","startTime":2567.73,"endTime":2573.31,"body":"take the best ideas out of the"},{"speaker":"Alex Mashinsky","startTime":2573.31,"endTime":2577.48,"body":"existing three systems, and make"},{"speaker":"Alex Mashinsky","startTime":2573.31,"endTime":2577.48,"body":"sure that we don't build another"},{"speaker":"Alex Mashinsky","startTime":2577.48,"endTime":2582.13,"body":"wall street, we don't build"},{"speaker":"Alex Mashinsky","startTime":2577.48,"endTime":2582.13,"body":"another hierarchy that in which"},{"speaker":"Alex Mashinsky","startTime":2582.13,"endTime":2587.44,"body":"people just don't get to express"},{"speaker":"Alex Mashinsky","startTime":2582.13,"endTime":2587.44,"body":"the best they can be. But"},{"speaker":"Alex Mashinsky","startTime":2587.44,"endTime":2591.19,"body":"rather, judge people based on"},{"speaker":"Alex Mashinsky","startTime":2587.44,"endTime":2591.19,"body":"their contribution to society"},{"speaker":"Alex Mashinsky","startTime":2591.19,"endTime":2594.52,"body":"instead of their ability to"},{"speaker":"Alex Mashinsky","startTime":2591.19,"endTime":2594.52,"body":"generate profit or generate"},{"speaker":"Alex Mashinsky","startTime":2595.87,"endTime":2599.17,"body":"money, right, which is how we"},{"speaker":"Alex Mashinsky","startTime":2595.87,"endTime":2599.17,"body":"measure society today. Our"},{"speaker":"Alex Mashinsky","startTime":2599.17,"endTime":2603.07,"body":"heroes today are the guys who"},{"speaker":"Alex Mashinsky","startTime":2599.17,"endTime":2603.07,"body":"became billionaires, the guys"},{"speaker":"Alex Mashinsky","startTime":2603.07,"endTime":2607.96,"body":"who are celebs on TV or"},{"speaker":"Alex Mashinsky","startTime":2603.07,"endTime":2607.96,"body":"whatever, versus the people"},{"speaker":"Alex Mashinsky","startTime":2607.96,"endTime":2610.51,"body":"who's a scientist, the people"},{"speaker":"Alex Mashinsky","startTime":2607.96,"endTime":2610.51,"body":"that took us to the moon or"},{"speaker":"Alex Mashinsky","startTime":2610.51,"endTime":2616.45,"body":"whatever. So I think the thing"},{"speaker":"Alex Mashinsky","startTime":2610.51,"endTime":2616.45,"body":"that is very important for me,"},{"speaker":"Alex Mashinsky","startTime":2616.66,"endTime":2621.01,"body":"is to make sure that what we"},{"speaker":"Alex Mashinsky","startTime":2616.66,"endTime":2621.01,"body":"build here, is done for the"},{"speaker":"Alex Mashinsky","startTime":2621.01,"endTime":2625.06,"body":"community and by the community,"},{"speaker":"Alex Mashinsky","startTime":2621.01,"endTime":2625.06,"body":"rather than going and bragging"},{"speaker":"Alex Mashinsky","startTime":2625.06,"endTime":2629.02,"body":"around, say, oh, you know, I"},{"speaker":"Alex Mashinsky","startTime":2625.06,"endTime":2629.02,"body":"bought Bitcoin at $300 and I'm a"},{"speaker":"Alex Mashinsky","startTime":2629.02,"endTime":2633.55,"body":"billionaire and bow to me, you"},{"speaker":"Alex Mashinsky","startTime":2629.02,"endTime":2633.55,"body":"know, because I got in on the"},{"speaker":"Alex Mashinsky","startTime":2633.55,"endTime":2637.66,"body":"bus before you so I should be"},{"speaker":"Alex Mashinsky","startTime":2633.55,"endTime":2637.66,"body":"worth billions because I get in"},{"speaker":"Alex Mashinsky","startTime":2637.66,"endTime":2641.65,"body":"on the bus 10 minutes before you"},{"speaker":"Alex Mashinsky","startTime":2637.66,"endTime":2641.65,"body":"get in on the bus. You know,"},{"speaker":"Alex Mashinsky","startTime":2641.92,"endTime":2646.81,"body":"that's basically what's"},{"speaker":"Alex Mashinsky","startTime":2641.92,"endTime":2646.81,"body":"happening today. So at Celsius"},{"speaker":"Alex Mashinsky","startTime":2647.26,"endTime":2650.89,"body":"it's all about giving more and"},{"speaker":"Alex Mashinsky","startTime":2647.26,"endTime":2650.89,"body":"more and more, we have never"},{"speaker":"Alex Mashinsky","startTime":2650.89,"endTime":2656.65,"body":"charged a single celsion a fee."},{"speaker":"Alex Mashinsky","startTime":2650.89,"endTime":2656.65,"body":"Never. Right. So the whole idea"},{"speaker":"Alex Mashinsky","startTime":2656.65,"endTime":2660.76,"body":"that you can create a giant"},{"speaker":"Alex Mashinsky","startTime":2656.65,"endTime":2660.76,"body":"company with 10s of billions of"},{"speaker":"Alex Mashinsky","startTime":2660.76,"endTime":2664.3,"body":"dollars in assets, that pays"},{"speaker":"Alex Mashinsky","startTime":2660.76,"endTime":2664.3,"body":"hundreds of millions of dollars"},{"speaker":"Alex Mashinsky","startTime":2664.3,"endTime":2669.88,"body":"of interest. And never charge a"},{"speaker":"Alex Mashinsky","startTime":2664.3,"endTime":2669.88,"body":"single customer a single fee is"},{"speaker":"Alex Mashinsky","startTime":2669.88,"endTime":2673.75,"body":"a whole new concept, right? And"},{"speaker":"Alex Mashinsky","startTime":2669.88,"endTime":2673.75,"body":"it's very hard for banks or"},{"speaker":"Alex Mashinsky","startTime":2673.75,"endTime":2677.2,"body":"financial institutions to"},{"speaker":"Alex Mashinsky","startTime":2673.75,"endTime":2677.2,"body":"compete with that, because their"},{"speaker":"Alex Mashinsky","startTime":2677.2,"endTime":2681.1,"body":"entire concept is okay, we're"},{"speaker":"Alex Mashinsky","startTime":2677.2,"endTime":2681.1,"body":"gonna pay them nothing to"},{"speaker":"Alex Mashinsky","startTime":2681.1,"endTime":2685.45,"body":"deposit. We're going to charge"},{"speaker":"Alex Mashinsky","startTime":2681.1,"endTime":2685.45,"body":"them for inactivity fees. We're"},{"speaker":"Alex Mashinsky","startTime":2685.45,"endTime":2687.85,"body":"going to charge them ATM to"},{"speaker":"Alex Mashinsky","startTime":2685.45,"endTime":2687.85,"body":"withdraw their money. We're"},{"speaker":"Alex Mashinsky","startTime":2687.85,"endTime":2689.71,"body":"going to charge them on the"},{"speaker":"Alex Mashinsky","startTime":2687.85,"endTime":2689.71,"body":"credit card when they want to"},{"speaker":"Alex Mashinsky","startTime":2689.71,"endTime":2693.61,"body":"use their money. Everything is a"},{"speaker":"Alex Mashinsky","startTime":2689.71,"endTime":2693.61,"body":"toll collector fee approach."},{"speaker":"Alex Mashinsky","startTime":2694.18,"endTime":2698.62,"body":"Right and that is just, all of"},{"speaker":"Alex Mashinsky","startTime":2694.18,"endTime":2698.62,"body":"us get used to that, all of us"},{"speaker":"Alex Mashinsky","startTime":2698.62,"endTime":2701.59,"body":"get used to the fact that we"},{"speaker":"Alex Mashinsky","startTime":2698.62,"endTime":2701.59,"body":"work super hard some of us work"},{"speaker":"Alex Mashinsky","startTime":2701.59,"endTime":2705.52,"body":"two jobs. Then we give our money"},{"speaker":"Alex Mashinsky","startTime":2701.59,"endTime":2705.52,"body":"to this institution and they"},{"speaker":"Alex Mashinsky","startTime":2705.52,"endTime":2707.65,"body":"rape us and there's nothing we"},{"speaker":"Alex Mashinsky","startTime":2705.52,"endTime":2707.65,"body":"can do about it."},{"speaker":"Matt Zahab","startTime":2707.92,"endTime":2710.44,"body":"Oh you're bang on."},{"speaker":"Matt Zahab","startTime":2707.92,"endTime":2710.44,"body":"Alex this is incredible one last"},{"speaker":"Matt Zahab","startTime":2710.44,"endTime":2711.43,"body":"question I forgot."},{"speaker":"Alex Mashinsky","startTime":2712.48,"endTime":2715.33,"body":"Banks are not"},{"speaker":"Alex Mashinsky","startTime":2712.48,"endTime":2715.33,"body":"your friends Okay, let's put it"},{"speaker":"Alex Mashinsky","startTime":2715.33,"endTime":2715.57,"body":"that way."},{"speaker":"Matt Zahab","startTime":2715.6,"endTime":2718.72,"body":"The slogan of"},{"speaker":"Matt Zahab","startTime":2715.6,"endTime":2718.72,"body":"Celsius, unbank yourself. You"},{"speaker":"Matt Zahab","startTime":2718.72,"endTime":2721.81,"body":"heard it here that I love that"},{"speaker":"Matt Zahab","startTime":2718.72,"endTime":2721.81,"body":"slogan. I forgot, I totally"},{"speaker":"Matt Zahab","startTime":2721.81,"endTime":2726.04,"body":"forgot to ask this. You are the"},{"speaker":"Matt Zahab","startTime":2721.81,"endTime":2726.04,"body":"grandfather of DeFi, you coined"},{"speaker":"Matt Zahab","startTime":2726.04,"endTime":2730.42,"body":"it MOIP. Money over IP everyone"},{"speaker":"Matt Zahab","startTime":2726.04,"endTime":2730.42,"body":"else went with DeFi. Maybe DeFi"},{"speaker":"Matt Zahab","startTime":2730.42,"endTime":2732.73,"body":"sounds a little sexier than"},{"speaker":"Matt Zahab","startTime":2730.42,"endTime":2732.73,"body":"MOIP. I guess it does, MOIPs a"},{"speaker":"Matt Zahab","startTime":2732.73,"endTime":2734.56,"body":"little off you know, it just"},{"speaker":"Matt Zahab","startTime":2732.73,"endTime":2734.56,"body":"doesn't really roll off the"},{"speaker":"Matt Zahab","startTime":2734.56,"endTime":2735.07,"body":"tongue nice"},{"speaker":"Alex Mashinsky","startTime":2735.43,"endTime":2737.5,"body":"MOIP didn't have"},{"speaker":"Alex Mashinsky","startTime":2735.43,"endTime":2737.5,"body":"much choice you know."},{"speaker":"Matt Zahab","startTime":2737.5,"endTime":2741.34,"body":"You had to stick"},{"speaker":"Matt Zahab","startTime":2737.5,"endTime":2741.34,"body":"with it. Why did DeFi, run and"},{"speaker":"Matt Zahab","startTime":2741.34,"endTime":2741.88,"body":"MOIP didn't?"},{"speaker":"Alex Mashinsky","startTime":2742.23,"endTime":2749.19,"body":"Well, and so the"},{"speaker":"Alex Mashinsky","startTime":2742.23,"endTime":2749.19,"body":"wording DeFi really stands for"},{"speaker":"Alex Mashinsky","startTime":2749.19,"endTime":2753.45,"body":"decentralized finance. And there"},{"speaker":"Alex Mashinsky","startTime":2749.19,"endTime":2753.45,"body":"are very, there are many"},{"speaker":"Alex Mashinsky","startTime":2753.45,"endTime":2756.69,"body":"different shades of"},{"speaker":"Alex Mashinsky","startTime":2753.45,"endTime":2756.69,"body":"decentralized finance. There's a"},{"speaker":"Alex Mashinsky","startTime":2756.69,"endTime":2761.1,"body":"pure version which is okay, I'm"},{"speaker":"Alex Mashinsky","startTime":2756.69,"endTime":2761.1,"body":"gonna use only smart contract"},{"speaker":"Alex Mashinsky","startTime":2761.1,"endTime":2767.52,"body":"there is a Dao, there is no one"},{"speaker":"Alex Mashinsky","startTime":2761.1,"endTime":2767.52,"body":"is in charge. And while that is"},{"speaker":"Alex Mashinsky","startTime":2767.52,"endTime":2772.65,"body":"great for maybe again, 1% of the"},{"speaker":"Alex Mashinsky","startTime":2767.52,"endTime":2772.65,"body":"population that can figure out"},{"speaker":"Alex Mashinsky","startTime":2772.65,"endTime":2777.06,"body":"how to do farming and how to"},{"speaker":"Alex Mashinsky","startTime":2772.65,"endTime":2777.06,"body":"work with metamask and other"},{"speaker":"Alex Mashinsky","startTime":2777.06,"endTime":2780.57,"body":"wallets and what's a private key"},{"speaker":"Alex Mashinsky","startTime":2777.06,"endTime":2780.57,"body":"versus a public key and, and how"},{"speaker":"Alex Mashinsky","startTime":2780.57,"endTime":2789.51,"body":"not to get conned have a rock"},{"speaker":"Alex Mashinsky","startTime":2780.57,"endTime":2789.51,"body":"pool or get stuck in the wrong"},{"speaker":"Alex Mashinsky","startTime":2790.05,"endTime":2793.2,"body":"pool of capital, right? Where"},{"speaker":"Alex Mashinsky","startTime":2790.05,"endTime":2793.2,"body":"you can basically lose all your"},{"speaker":"Alex Mashinsky","startTime":2793.2,"endTime":2796.86,"body":"money. Celsius decided to be"},{"speaker":"Alex Mashinsky","startTime":2793.2,"endTime":2796.86,"body":"your Shepherd right. Celsius is"},{"speaker":"Alex Mashinsky","startTime":2796.86,"endTime":2801.78,"body":"a different version of DeFi"},{"speaker":"Alex Mashinsky","startTime":2796.86,"endTime":2801.78,"body":"where we have a wallet just like"},{"speaker":"Alex Mashinsky","startTime":2801.78,"endTime":2805.74,"body":"your meta mask, we pay you"},{"speaker":"Alex Mashinsky","startTime":2801.78,"endTime":2805.74,"body":"interest based on the best"},{"speaker":"Alex Mashinsky","startTime":2805.74,"endTime":2811.05,"body":"efforts we put in to create"},{"speaker":"Alex Mashinsky","startTime":2805.74,"endTime":2811.05,"body":"yield. But we also keep you"},{"speaker":"Alex Mashinsky","startTime":2811.05,"endTime":2815.43,"body":"safe, right? We know which ones"},{"speaker":"Alex Mashinsky","startTime":2811.05,"endTime":2815.43,"body":"are the safe projects, we know"},{"speaker":"Alex Mashinsky","startTime":2815.67,"endTime":2820.47,"body":"when is the time to get out. So"},{"speaker":"Alex Mashinsky","startTime":2815.67,"endTime":2820.47,"body":"you don't have impermanent loss."},{"speaker":"Alex Mashinsky","startTime":2820.8,"endTime":2827.04,"body":"And we lend to institutions"},{"speaker":"Alex Mashinsky","startTime":2820.8,"endTime":2827.04,"body":"exchanges DeFi retail, right? We"},{"speaker":"Alex Mashinsky","startTime":2827.04,"endTime":2831.54,"body":"do mining, so we have five or"},{"speaker":"Alex Mashinsky","startTime":2827.04,"endTime":2831.54,"body":"six different sources of yield."},{"speaker":"Alex Mashinsky","startTime":2831.93,"endTime":2834.6,"body":"And if you tried to do it"},{"speaker":"Alex Mashinsky","startTime":2831.93,"endTime":2834.6,"body":"yourself, you cannot beat the"},{"speaker":"Alex Mashinsky","startTime":2834.6,"endTime":2839.64,"body":"Celsius rate. So once in a while"},{"speaker":"Alex Mashinsky","startTime":2834.6,"endTime":2839.64,"body":"you'll see compound or IV spike"},{"speaker":"Alex Mashinsky","startTime":2839.82,"endTime":2842.85,"body":"higher than Celsius. But if you"},{"speaker":"Alex Mashinsky","startTime":2839.82,"endTime":2842.85,"body":"took the average rates over the"},{"speaker":"Alex Mashinsky","startTime":2842.85,"endTime":2845.94,"body":"last year or two years, well,"},{"speaker":"Alex Mashinsky","startTime":2842.85,"endTime":2845.94,"body":"they didn't exist for two years."},{"speaker":"Alex Mashinsky","startTime":2845.94,"endTime":2849.9,"body":"But if you take, as long as they"},{"speaker":"Alex Mashinsky","startTime":2845.94,"endTime":2849.9,"body":"existed any of our competitors,"},{"speaker":"Alex Mashinsky","startTime":2849.9,"endTime":2853.35,"body":"you will see that on average"},{"speaker":"Alex Mashinsky","startTime":2849.9,"endTime":2853.35,"body":"Celsius pays more on every"},{"speaker":"Alex Mashinsky","startTime":2853.35,"endTime":2857.1,"body":"asset. So the question you have"},{"speaker":"Alex Mashinsky","startTime":2853.35,"endTime":2857.1,"body":"to ask yourself is okay, do I"},{"speaker":"Alex Mashinsky","startTime":2857.1,"endTime":2859.41,"body":"have time and you have to be"},{"speaker":"Alex Mashinsky","startTime":2857.1,"endTime":2859.41,"body":"able to press the button and be"},{"speaker":"Alex Mashinsky","startTime":2859.41,"endTime":2864.09,"body":"on the computer 24 seven, be in"},{"speaker":"Alex Mashinsky","startTime":2859.41,"endTime":2864.09,"body":"the know of every new project."},{"speaker":"Alex Mashinsky","startTime":2864.48,"endTime":2868.71,"body":"Or you can just park your coins"},{"speaker":"Alex Mashinsky","startTime":2864.48,"endTime":2868.71,"body":"at Celsius and earn either in"},{"speaker":"Alex Mashinsky","startTime":2868.71,"endTime":2874.2,"body":"kind or in $CEL. In $CEL, no one"},{"speaker":"Alex Mashinsky","startTime":2868.71,"endTime":2874.2,"body":"in the world has beaten Celsius"},{"speaker":"Alex Mashinsky","startTime":2874.23,"endTime":2878.85,"body":"because like you said, we're up"},{"speaker":"Alex Mashinsky","startTime":2874.23,"endTime":2878.85,"body":"over 6,000%. So that's like"},{"speaker":"Alex Mashinsky","startTime":2878.85,"endTime":2882.66,"body":"picking one out of 10,000"},{"speaker":"Alex Mashinsky","startTime":2878.85,"endTime":2882.66,"body":"projects, right? Who's gonna be"},{"speaker":"Alex Mashinsky","startTime":2882.66,"endTime":2889.35,"body":"the winner? Right? And it's"},{"speaker":"Alex Mashinsky","startTime":2882.66,"endTime":2889.35,"body":"funny, like I was in several"},{"speaker":"Alex Mashinsky","startTime":2889.35,"endTime":2896.1,"body":"conferences and like one of them"},{"speaker":"Alex Mashinsky","startTime":2889.35,"endTime":2896.1,"body":"I think was talking 49 in LA, I"},{"speaker":"Alex Mashinsky","startTime":2896.1,"endTime":2898.83,"body":"was sitting on a panel with a"},{"speaker":"Alex Mashinsky","startTime":2896.1,"endTime":2898.83,"body":"bunch of smart asses. We're all"},{"speaker":"Alex Mashinsky","startTime":2898.83,"endTime":2902.13,"body":"like, oh, I know what, which"},{"speaker":"Alex Mashinsky","startTime":2898.83,"endTime":2902.13,"body":"project is going to win? And I'm"},{"speaker":"Alex Mashinsky","startTime":2902.13,"endTime":2906.3,"body":"like, this is 2018. And I said"},{"speaker":"Alex Mashinsky","startTime":2902.13,"endTime":2906.3,"body":"no, none of you know it because"},{"speaker":"Alex Mashinsky","startTime":2906.3,"endTime":2909.54,"body":"if you knew it, you wouldn't be"},{"speaker":"Alex Mashinsky","startTime":2906.3,"endTime":2909.54,"body":"sitting here talking about it,"},{"speaker":"Alex Mashinsky","startTime":2909.54,"endTime":2912.0,"body":"you would be actually putting"},{"speaker":"Alex Mashinsky","startTime":2909.54,"endTime":2912.0,"body":"your money there. And they're"},{"speaker":"Alex Mashinsky","startTime":2912.0,"endTime":2914.58,"body":"like, well, do you know who's"},{"speaker":"Alex Mashinsky","startTime":2912.0,"endTime":2914.58,"body":"gonna win? I'm like, no, I don't"},{"speaker":"Alex Mashinsky","startTime":2914.58,"endTime":2916.8,"body":"know. And I wouldn't be saying"},{"speaker":"Alex Mashinsky","startTime":2914.58,"endTime":2916.8,"body":"it to anyone. Meanwhile, it was"},{"speaker":"Alex Mashinsky","startTime":2916.8,"endTime":2924.66,"body":"us, so that was like, the irony"},{"speaker":"Alex Mashinsky","startTime":2916.8,"endTime":2924.66,"body":"of the thing. So again, it's not"},{"speaker":"Alex Mashinsky","startTime":2924.66,"endTime":2929.43,"body":"that we Celsius or DeFi are so"},{"speaker":"Alex Mashinsky","startTime":2924.66,"endTime":2929.43,"body":"good. The banks are doing such a"},{"speaker":"Alex Mashinsky","startTime":2929.43,"endTime":2933.39,"body":"horrible job with their"},{"speaker":"Alex Mashinsky","startTime":2929.43,"endTime":2933.39,"body":"customers. The Fed is doing such"},{"speaker":"Alex Mashinsky","startTime":2933.39,"endTime":2937.26,"body":"a horrible job with the dollar"},{"speaker":"Alex Mashinsky","startTime":2933.39,"endTime":2937.26,"body":"that it's not hard to be a"},{"speaker":"Alex Mashinsky","startTime":2937.26,"endTime":2941.91,"body":"winner. It's not hard to deliver"},{"speaker":"Alex Mashinsky","startTime":2937.26,"endTime":2941.91,"body":"this yield and the opportunity"},{"speaker":"Alex Mashinsky","startTime":2941.91,"endTime":2945.6,"body":"for most people is really do you"},{"speaker":"Alex Mashinsky","startTime":2941.91,"endTime":2945.6,"body":"want unbank yourself? Do you"},{"speaker":"Alex Mashinsky","startTime":2945.6,"endTime":2949.8,"body":"want to sever that? It's like a"},{"speaker":"Alex Mashinsky","startTime":2945.6,"endTime":2949.8,"body":"bad marriage. You know, one side"},{"speaker":"Alex Mashinsky","startTime":2949.8,"endTime":2953.19,"body":"is abusing the other side. And"},{"speaker":"Alex Mashinsky","startTime":2949.8,"endTime":2953.19,"body":"you just keep taking it you keep"},{"speaker":"Alex Mashinsky","startTime":2953.19,"endTime":2956.85,"body":"coming and they slapping across"},{"speaker":"Alex Mashinsky","startTime":2953.19,"endTime":2956.85,"body":"the face, and they taking your"},{"speaker":"Alex Mashinsky","startTime":2956.85,"endTime":2960.87,"body":"money and you don't do anything."},{"speaker":"Alex Mashinsky","startTime":2956.85,"endTime":2960.87,"body":"Right? What kind of relationship"},{"speaker":"Alex Mashinsky","startTime":2960.87,"endTime":2967.05,"body":"is that? So at Celsius, we make,"},{"speaker":"Alex Mashinsky","startTime":2960.87,"endTime":2967.05,"body":"we pay interest every Monday, we"},{"speaker":"Alex Mashinsky","startTime":2967.05,"endTime":2971.1,"body":"make trust deposits every week,"},{"speaker":"Alex Mashinsky","startTime":2967.05,"endTime":2971.1,"body":"right? Whatever we earn for the"},{"speaker":"Alex Mashinsky","startTime":2971.1,"endTime":2975.51,"body":"week, we issue it to everybody"},{"speaker":"Alex Mashinsky","startTime":2971.1,"endTime":2975.51,"body":"on Monday and you can go and"},{"speaker":"Alex Mashinsky","startTime":2975.51,"endTime":2978.72,"body":"verify, we also have what's"},{"speaker":"Alex Mashinsky","startTime":2975.51,"endTime":2978.72,"body":"called proof of community. So"},{"speaker":"Alex Mashinsky","startTime":2978.72,"endTime":2983.76,"body":"you can go on the blockchain and"},{"speaker":"Alex Mashinsky","startTime":2978.72,"endTime":2983.76,"body":"with zero proof verify that what"},{"speaker":"Alex Mashinsky","startTime":2983.76,"endTime":2988.35,"body":"we paid you was 80% of what"},{"speaker":"Alex Mashinsky","startTime":2983.76,"endTime":2988.35,"body":"we've earned. So all of these"},{"speaker":"Alex Mashinsky","startTime":2988.47,"endTime":2992.28,"body":"tools that we've created, I"},{"speaker":"Alex Mashinsky","startTime":2988.47,"endTime":2992.28,"body":"think, are a much better way for"},{"speaker":"Alex Mashinsky","startTime":2992.28,"endTime":2997.59,"body":"the 99%. Not for the 1% was like"},{"speaker":"Alex Mashinsky","startTime":2992.28,"endTime":2997.59,"body":"tech savvy and so on. But these"},{"speaker":"Alex Mashinsky","startTime":2997.59,"endTime":3003.05,"body":"are amazing tool for the 99% to"},{"speaker":"Alex Mashinsky","startTime":2997.59,"endTime":3003.05,"body":"join the crypto revolution. And"},{"speaker":"Alex Mashinsky","startTime":3003.05,"endTime":3006.8,"body":"when we started Celsius our"},{"speaker":"Alex Mashinsky","startTime":3003.05,"endTime":3006.8,"body":"focus was on bringing the next"},{"speaker":"Alex Mashinsky","startTime":3006.8,"endTime":3011.96,"body":"100 million people, not solving"},{"speaker":"Alex Mashinsky","startTime":3006.8,"endTime":3011.96,"body":"the problem for the guys who"},{"speaker":"Alex Mashinsky","startTime":3011.96,"endTime":3016.76,"body":"hold their keys and know how to"},{"speaker":"Alex Mashinsky","startTime":3011.96,"endTime":3016.76,"body":"farm and the OGs of Bitcoin or"},{"speaker":"Alex Mashinsky","startTime":3016.76,"endTime":3021.41,"body":"Ethereum. They probably don't"},{"speaker":"Alex Mashinsky","startTime":3016.76,"endTime":3021.41,"body":"need my help, you know, but the"},{"speaker":"Alex Mashinsky","startTime":3021.44,"endTime":3025.43,"body":"7.8 billion people out there,"},{"speaker":"Alex Mashinsky","startTime":3021.44,"endTime":3025.43,"body":"every one of them, there isn't a"},{"speaker":"Alex Mashinsky","startTime":3025.43,"endTime":3028.46,"body":"person on the planet that you"},{"speaker":"Alex Mashinsky","startTime":3025.43,"endTime":3028.46,"body":"ask, okay, do you want to earn"},{"speaker":"Alex Mashinsky","startTime":3028.46,"endTime":3032.0,"body":"more in your money? Who will say"},{"speaker":"Alex Mashinsky","startTime":3028.46,"endTime":3032.0,"body":"no, I'm already making so much"},{"speaker":"Alex Mashinsky","startTime":3032.0,"endTime":3035.15,"body":"money. I don't need any help."},{"speaker":"Alex Mashinsky","startTime":3032.0,"endTime":3035.15,"body":"You know, I'm killing it all by"},{"speaker":"Alex Mashinsky","startTime":3035.15,"endTime":3041.03,"body":"myself. 99% of those people are"},{"speaker":"Alex Mashinsky","startTime":3035.15,"endTime":3041.03,"body":"going to need a safe and"},{"speaker":"Alex Mashinsky","startTime":3041.06,"endTime":3045.2,"body":"transparent and sustainable"},{"speaker":"Alex Mashinsky","startTime":3041.06,"endTime":3045.2,"body":"mechanism to earn yield."},{"speaker":"Matt Zahab","startTime":3045.68,"endTime":3047.54,"body":"Alex, you're the"},{"speaker":"Matt Zahab","startTime":3045.68,"endTime":3047.54,"body":"man. This was absolutely"},{"speaker":"Matt Zahab","startTime":3047.54,"endTime":3050.21,"body":"incredible. Thank you so much"},{"speaker":"Matt Zahab","startTime":3047.54,"endTime":3050.21,"body":"for jumping on. Before we let"},{"speaker":"Matt Zahab","startTime":3050.21,"endTime":3053.57,"body":"you go, please tell our guests"},{"speaker":"Matt Zahab","startTime":3050.21,"endTime":3053.57,"body":"where they can find you on"},{"speaker":"Matt Zahab","startTime":3053.57,"endTime":3054.8,"body":"socials and online."},{"speaker":"Alex Mashinsky","startTime":3055.1,"endTime":3059.72,"body":"Sure. So Twitter"},{"speaker":"Alex Mashinsky","startTime":3055.1,"endTime":3059.72,"body":"is @Mashinsky my last name."},{"speaker":"Alex Mashinsky","startTime":3060.29,"endTime":3066.02,"body":"Celsius.network is the website,"},{"speaker":"Alex Mashinsky","startTime":3060.29,"endTime":3066.02,"body":"download the app on Android or"},{"speaker":"Alex Mashinsky","startTime":3066.05,"endTime":3070.04,"body":"in the App Store Celsius"},{"speaker":"Alex Mashinsky","startTime":3066.05,"endTime":3070.04,"body":"network. And we are everywhere"},{"speaker":"Alex Mashinsky","startTime":3070.04,"endTime":3075.68,"body":"we are on YouTube, sign up, I"},{"speaker":"Alex Mashinsky","startTime":3070.04,"endTime":3075.68,"body":"have an AMA every Friday. So go"},{"speaker":"Alex Mashinsky","startTime":3075.68,"endTime":3080.99,"body":"search for Celsius network and"},{"speaker":"Alex Mashinsky","startTime":3075.68,"endTime":3080.99,"body":"and sign up. We answer we, yo"},{"speaker":"Alex Mashinsky","startTime":3080.99,"endTime":3085.79,"body":"know, we have a guest every wee"},{"speaker":"Alex Mashinsky","startTime":3080.99,"endTime":3085.79,"body":", we answer viewers questions an"},{"speaker":"Alex Mashinsky","startTime":3085.79,"endTime":3088.79,"body":"there's tremendous amount o"},{"speaker":"Alex Mashinsky","startTime":3085.79,"endTime":3088.79,"body":"content already 1000s of video"},{"speaker":"Alex Mashinsky","startTime":3088.79,"endTime":3092.45,"body":"both created by us and by th"},{"speaker":"Alex Mashinsky","startTime":3088.79,"endTime":3092.45,"body":"community, educating you abou"},{"speaker":"Alex Mashinsky","startTime":3092.45,"endTime":3097.25,"body":"all the good things and the ba"},{"speaker":"Alex Mashinsky","startTime":3092.45,"endTime":3097.25,"body":"things of creating or usin"},{"speaker":"Alex Mashinsky","startTime":3097.25,"endTime":3102.56,"body":"yield. And we'll be in Miami o"},{"speaker":"Alex Mashinsky","startTime":3097.25,"endTime":3102.56,"body":"June 4 at the Bitcoi"},{"speaker":"Alex Mashinsky","startTime":3102.56,"endTime":3107.54,"body":"conference. So come see u"},{"speaker":"Alex Mashinsky","startTime":3102.56,"endTime":3107.54,"body":"there. It's an amazing event"},{"speaker":"Alex Mashinsky","startTime":3107.9,"endTime":3112.52,"body":"I'm so happy that they decide"},{"speaker":"Alex Mashinsky","startTime":3107.9,"endTime":3112.52,"body":"to do it in person outdoors. S"},{"speaker":"Alex Mashinsky","startTime":3112.52,"endTime":3115.79,"body":"it's gonna be phenomenal. So se"},{"speaker":"Alex Mashinsky","startTime":3112.52,"endTime":3115.79,"body":"you soon Miami"},{"speaker":"Matt Zahab","startTime":3116.12,"endTime":3118.79,"body":"What a  treat,"},{"speaker":"Matt Zahab","startTime":3116.12,"endTime":3118.79,"body":"folks. Alex Mashinsky, this was"},{"speaker":"Matt Zahab","startTime":3118.79,"endTime":3121.61,"body":"incredible. Alex, thanks so much"},{"speaker":"Matt Zahab","startTime":3118.79,"endTime":3121.61,"body":"for jumping on. Big thanks to"},{"speaker":"Matt Zahab","startTime":3121.61,"endTime":3124.4,"body":"your team for helping set this"},{"speaker":"Matt Zahab","startTime":3121.61,"endTime":3124.4,"body":"up. Big thanks to the cryptonews"},{"speaker":"Matt Zahab","startTime":3124.43,"endTime":3127.34,"body":"team as well for setting this"},{"speaker":"Matt Zahab","startTime":3124.43,"endTime":3127.34,"body":"up. Folks, this is the"},{"speaker":"Matt Zahab","startTime":3127.34,"endTime":3130.7,"body":"cryptonews podcast. We hope you"},{"speaker":"Matt Zahab","startTime":3127.34,"endTime":3130.7,"body":"enjoyed this episode with Alex"},{"speaker":"Matt Zahab","startTime":3130.73,"endTime":3134.69,"body":"Mashinsky from Celsius, that is"},{"speaker":"Matt Zahab","startTime":3130.73,"endTime":3134.69,"body":"Celsius network. If you enjoyed"},{"speaker":"Matt Zahab","startTime":3134.69,"endTime":3136.64,"body":"this, we'd love you to"},{"speaker":"Matt Zahab","startTime":3134.69,"endTime":3136.64,"body":"subscribe. You're gonna have"},{"speaker":"Matt Zahab","startTime":3136.64,"endTime":3140.06,"body":"plenty of other guests on the"},{"speaker":"Matt Zahab","startTime":3136.64,"endTime":3140.06,"body":"show. And Alex will definitely"},{"speaker":"Matt Zahab","startTime":3140.06,"endTime":3142.91,"body":"be on for round two in the near"},{"speaker":"Matt Zahab","startTime":3140.06,"endTime":3142.91,"body":"future. Thanks again for"},{"speaker":"Matt Zahab","startTime":3142.91,"endTime":3145.22,"body":"listening and we'll see you all"},{"speaker":"Matt Zahab","startTime":3142.91,"endTime":3145.22,"body":"shortly. Have a great day. All"},{"speaker":"Matt Zahab","startTime":3145.22,"endTime":3145.91,"body":"the best. Bye"}]}