• Save and Invest Like The 1%: Zach Wildes Talks About Celsius Network’s Revolutionary Financial Services Business Model

  • Jul 8 2020
  • Duración: 40 m
  • Podcast

Save and Invest Like The 1%: Zach Wildes Talks About Celsius Network’s Revolutionary Financial Services Business Model

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  • Save and Invest Like The 1%: Zach Wildes Talks About Celsius Network’s Revolutionary Financial Services Business Model Celsius Networkhttps://celsius.network/The Celsius Network Communityhttps://celsians.com/Zachary WildesCelsius Community Manager zachary.wildes@celsius.network2019 My Digital Self Interview with Alex Mashinsky, Co-Founder & CEO of Celsius Networkhttps://share.transistor.fm/s/8b913719Alex Mashinskyhttps://en.wikipedia.org/wiki/Alex_MashinskyTether (USDT)https://tether.to/Fractional Reserve Bankinghttps://www.investopedia.com/terms/f/fractionalreservebanking.asphttps://mises.org/library/are-fractional-reserve-bank-deposits-moneyDo You Own The Money In Your Bank Account?“When someone opens a bank account and makes a cash deposit, he surrenders the legal title to the cash, and it becomes an asset of the bank. In turn, the account is a liability to the bank.”https://www.investopedia.com/terms/b/bank-deposits.aspThe Federal Reserve’s Response to COVID-19https://www.brookings.edu/research/fed-response-to-covid19/Temporarily relaxing regulatory requirements: The Fed is encouraging banks—both the largest banks and community banks—to dip into their regulatory capital and liquidity buffers, so they can increase lending during the downturn. The reforms instituted after the financial crisis require banks to hold additional loss-absorbing capital to prevent future bailouts. But these capital buffers can be used during a downturn to stimulate lending, and the Fed is encouraging that now, including through a technical change to its TLAC (total loss-absorbing capacity) requirement, which includes capital and long-term debt. (To preserve capital, big banks also are suspending buybacks of their shares.)  The Fed also eliminated banks’ reserve requirement—the percent of deposits that banks must hold as reserves to meet cash demand—though this is largely irrelevant because banks currently hold far more than the required reserves. The Fed also relaxed the growth restrictions previously imposed on Wells Fargo, as part of an enforcement action related to widespread consumer protection violations, so that the bank could increase its participation in the Fed’s lending programs for small- and mid-sized businesses.Cel Tokenhttps://support.celsius.network/hc/en-us/sections/360000538817-CEL-tokenNegative Carryhttps://www.investopedia.com/terms/n/negativecarry.aspMargin Callhttps://www.investopedia.com/terms/m/margincall.aspGood Article on The Traditional/Legal Duties of Corporationshttps://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/a-duty-to-shareholder-valueFDIC (Federal Deposit Insurance Corporation)https://www.fdic.gov/SIPC (The Securities Investor Protection Corporation)https://www.sipc.org/about-sipc/MakerDAO’s Multi-Collateral DAI (MCD)https://makerdao.com/en/whitepaper/#abstracthttps://www.coindesk.com/there-are-more-dai-on-compound-now-than-there-are-dai-in-the-worldDeFi (Decentralized Finance)https://blockonomi.com/what-is-decentralized-finance-defi/Ethereum ERC20 Smart Contractshttps://www.investopedia.com/news/what-erc20-and-what-does-it-mean-ethereum/Wallets for Digital Assets (Self Custody)https://www.investopedia.com/terms/b/bitcoin-wallet.aspWireCard Scandalhttps://en.wikipedia.org/wiki/WirecardBrain Wallethttps://en.bitcoin.it/wiki/BrainwalletFinancial Self Sovereigntyhttps://www.forbes.com/sites/alastairjohnson/2019/10/03/self-sovereign-banking-putting-you-back-in-control-of-your-money/#89c7b681f615*******************************This podcast has been edited for content and clarity*******************************This podcast is not intended to be financial advice.  Do your own research and/or seek financial advice from a reliable professional before investing or depositing your money. 
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