I like owning as much bitcoin as possible and no fiat as well⦠so check this out:
We are working on a line of credit product that will, in real time, extend a credit line against your BTC to make Lightning payments, pay bills, etc. This way, you donβt have to part with your bitcoin OR own fiat to live in todayβs society. Hoard bitcoins, borrow fiat paper for payments.
You can manage the line of credit and pay it down via your direct deposit or any other funding method. It works just like a credit card today, except itβs secured with BTC, so the terms and everything else about it is way better.
This will allow living on bitcoin and speculative attacking fiat at a massive scale for all. A true suite of bitcoin banking services that feel natural and easy.
I cannot wait to launch everything we are building
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Hello sorry, weβre trying to boost our Geyser, any help is greatly appreciated ππ» have a blessed day! Anything helps ππ»
ImportantClips
Hi guys, please check out my @Geyser ππ» itβs for my son ππ» thanks so much
#GM #nostr #helps #thanks GM
https://geyser.fund/project/helpingoursongetspinalsurgery/?hero=gfdurably432
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Sounds awesome! Looking forward to using it to slow my satoshi spend.
Same. Doing it daily
By secured do you mean as a personal balance or given over as collateral? Would be more intetested if credit line was a card with a rate based on both my credit score and simply a personal sats balance. It would be nice to have credit score mean something to Strike given it is regulated/kyc.
wanna know more details
Legendary
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You goddam crazy bastard, I'm in!
Can stacks face a margin call? If yes, which would most likely be the case for this to work, Iβd suggest shying away and staying humble.
Of course they can. LTV baby. Usually 50% so when the dip hits hard you bleeeed!
Borrow fiat, hodl sats, living the dream π
We are addicted to credit (which is debt from the lenders point of view)
Financial companies need this to make money, we need it if we wish to live a life we can't yet afford.
I do wonder if loading debt onto Bitcoin, will be the end of the Bitcoin Standard we have yet to adopt?
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On you go ! Great work
Maybe this is a stupid question, can the BTC stay in my hardware wallet while having this credit line open?
Impossible. This way they don't hold the collateral thus you can just leave with the money.
Nope
Why would you want to pay it down? Wouldn't the ideal be a revolving line of credit with no maturity? With the right amount of BTC against the expenses, the LTV would trend down forever.
@wave.space πͺπΊ Any idea π ?
We have something similar on the roadmap as well. The wavecard already allows you to spend Bitcoin anywhere globally, by selling it at the last possible second and funding the fist payment for a merchant.
You can either connect your LN wallet to spend from self-custody (via NWC) or store BTC on the wavecard custodially.
Technically, the custodial BTC balance could be collateralized for a loan that is also then folded back into the same BTC on the card, essentially working like a βboostedβ Bitcoin position that is partly spendable without capital gains.
Weβre on the same mission to not hold any fiat whatsoever, and to automate all liquidations into fiat at the recipient level, so that you, as a Bitcoiner, wouldnβt ever need to even care about any fiat balances.
"funding the fist payment" We call it the hard way ? π
Anyway, I love your service, and will continue to use it on a daily basis as long as I 'need' to spend my sats and use these bloody fiat
Nice catch π
Require multi secured cash + bitcoin = credit without that you're just kicking the credit can around.
it took a week to transfer from my bank to my Alby hub ..until now it hasn't arrived . and even the developer alby hub didn't know what to do when asked for support regarding received transfer .
we have no power over our money cause when the money transfer arrived in 3rd party like Mt.Pelerin , Bitpocket or Bluemoon or rampant , then we can only hope the money arrived , cause the apps developer like Alby Hub , strike , zeus , bitpay, monero , or cashu or whatever they are not working together with the developer from the finance institution . that authenticate the transfer
they are separate entities that connected only with so called integrates system. ( indeed API ) so when the transfer stuck in those third party apps most likely Apps dev can not help to resolve the problem . this is something need to work on for in future . I pray and hope my transfer arrived
I would say it will took awhile before the big player like Apple Pay and google pay want to adapt the bitcoin payment system π
would be cool if there was a no kyc strike wallet
like it used to be, i dont need all of the extras
Do you have any plan to launch Strike in Thailand?
@jack mallers - I've been trying to signup since Monday to your app. I cannot get past KYC. Apparently living on a sailboat and traveling around the world isn't part of the 'normal' way of life. I'm born US citizen, only a US resident, but currently don't have a US Cellphone or IP. Any help? Again, I'm fully legit and only USA on all documentation, permanent address is still US.
I get an email once each night from your support team suggesting things that haven't helped.
Thanks!
what email are you registering with? iβll take a look
Still see no problem in this KUC crap, when Bitcoin and Monero without third parties done need it?
@jack mallers - Thanks so much, I'll send you a DM.
I'm not understanding what you are saying.
I think you are saying I don't need to KYC, so how do I get my USD into a coin?
@jack mallers - Just sent you a message in Primal
Via P2P markets like Bisq, Retoswap, Robosats, Vexl,...
Right, I'm aware of those, but how do I get USD onto them. Right now they only have offers accepting Zelle and it is limited on the amount, so would take months to aquire a coin.
Iβve been asking for this at least for a year!!! Yes!!!
Can you hint at a timeline for launch?
π¨βπ³
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Other exchanges are still thinking in terms of fiat.
Strike is building for bitcoiners. π₯π₯
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Been waiting for a product like this π«‘
π₯π₯π₯
So Excited!
When proof of reserves?
Credit line that lets you earn sats for paying with direct deposit would be perfection. Airline miles are fiatβ¦
When the government can basically print fiat out of fresh air.
Everyone should study Bitcoin.
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A line of credit would be a God send.
Sounds bad ass. Looking forward to it


Dude the part about interest on cash is awesome. Not only good payout, but lending cash to bitcoiners is a lot more enticing than giving a bank my cash so they can buy treasuries. I donβt want to be a part of that