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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 don’t have to part with your bitcoin OR own fiat to live in today’s 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 it’s 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 View quoted note β†’

Replies (101)

Bitcoin loans in the 3rd green year. This can only end poorly. Except for the people calling in over extended loans collecting all those sats during the bear market, works great for them. I can't be the only person to notice no one was launching Bitcoin loan products at $20k last bear. Just at $60k last bull and now again at $120k this bull. December launch right at the top incoming.
↩ replying to npub1qyxl...mu7u
If you think $69,000 to $107,000 is a bullish move for the *hardest* money in the world over a 4+ year timeline - more power to you. Record ETF inflows Record BTC treasury company BTC accumulation Record pleb stacking Record mining hash rate Record positive legislation FASB accounting changes 1.6x from 2021 ATH - NOW in 2025??? 🐻 🐻 🐻 🐻 🐻 🐻 🐻 🐻
↩ replying to The Bulgarian Pork Whistle
You haven't been paying attention and aren't good at math. First of all 20x to 3.5x is an acceptable drop but 3.5x to 1.6x isn't? 2nd. Leverage junkies and custodians papering instead of buying set the price, not buy and hold folks. Bears happen because a dip catches a paper custodian out cascade killing longs which catches the next paper custodian and so on. Only 1.6x with all those new buyers and markets. You really wanna bet none of the custodians is papering? You really want to bet we won't hit a dip big enough to run their reserves dry? Every cycle brings more true believers but it also brings more cheats out to use a name to line their pockets. I'm not a bear. I'm just not a moonboi with rocket emojis in my eyes. We will get there but only with the repeated sacrifices of the over confident. I'll be buying when the dip comes tomorrow or whenever it gets here just like I bought all the way down and all the way up before.
↩ replying to npub1qyxl...mu7u
3.5x to a 1.6x after record ETF inflows, record pleb accumulation, record treasury accumulation, FASB rule changes, record nation state adoption and favourable US legislation for Bitcoin is DOG SHIT πŸ’©. DCAing is the way. Buy the dips indeed. I’m still not convinced this is a bull market because over the last 308 days we have seen zero price action. Stay humble and stack sats for 12 years (2.5 cycles).
↩ replying to The Bulgarian Pork Whistle
I doubt it. Human nature to be lazy and look for the most familiar path. Right now that is IBIT and treasury companies, both coinbase custody. Someone else will come along with a new "easy" way that let's them fractional reserve. I don't support legal interventions but I suspect that custodian reserves regulations are in the future if Master and Blackrock get burned.
↩ replying to npub1lwal...zyzx
Admittedly I’m not a religious scholar. But I just read the gospels, and I didn’t see Jesus say anything about charging interest being despotic. In the parable of the talents, the master is actually angry with the servant who burys the talents and gives it back, telling him he could have at least deposited it and gotten back interest. Interest and lending money are not usury, they are productive actions humans partake in voluntarily. Usury is like loansharking, taking advantage of the uninformed and poor. As far as saying Strike is doing God’s work, maybe the Lord won’t agree with me, but IMO fiat currency is humans attempting to act as God. Fiat is a manipulation of time, an abuse of the laws of God, the silver becoming dross so to speak. Any entity pushing sound money and providing solutions in that arena to combat the current debt slave monetary system is alright by me, and I hope God would approve as well
↩ replying to npub1kq7g...72xz
Asking for a friend. When Bitcoin reaches $1,000,000 USD + and you want to buy a home by either A) getting a loan against your Bitcoin or B) selling your Bitcoin how will you do this? (Playing devils advocate) In 5 years time, online surveillance tech is going to be so evil and powerful it will sniff out KYC free 🌽 from a mile away. Exchanges won’t want it, normies won’t want it, lenders will reject it, mixing services will be non-existent and if you can mix em the surveillance tech will pick up on it. Have you got a future proof plan to use those sweet freedom KYC free sats? When this thing rips to a milli everyone needs a plan on how to spend it (peer to peer) or borrow against it or barter with it in an incredibly hostile and surveillance saturated world. The freedom tools that work today are likely not going to exist tomorrow.
↩ replying to protozoan numbness
Hardcore Bitcoiners and OGs say they’ll never sell. They’ll borrow against it. Goodluck trying to get a loan from *most* exchanges in 2030 and beyond if your 🌽 UTXO has been *muddied*. Especially in the millions. The median house price for many places will be 2-3 million due to rampant inflation. I wouldn’t put faith into the *she’ll be right mate!* mentality in a highly adversarial near future. Plan accordingly.
Everyone can make their own decisions, but borrowing at all is not something we should regularly do. And additionally, the interest rate that one is likely to get on this borrowing will probably not competitive enough to consider it a "speculative attack". Rather, it will set at a rate that most likely makes it considered irresponsible borrowing in nearly all cases. Unless there is some tax advantage to this borrowing that makes it all justified... Just my two cents. DYOR! View quoted note β†’
↩ replying to npub1kvmz...hcmu
I would not call myself a "pleb". Pleb means slave. Plebeians, or lower class β€œcommoners”, are controlled by Roman Common Law to become the debtors. Patricians were the upper class who benefited from the credit of the people by making them both the creditors and the debtors. Note: the origin of the name β€œcourt” is a place to trade debt and bonds; this has been going on for over 2000 years, and has not changed to this day. A real bitcoiner is not a pleb, is a full sovereign individual. NOBODY is above him.
↩ replying to npub1lxkt...5xlc
That makes sense. By plebs i mean all the people who believe in it, and run bitcoin, and see it as money and a tool for freedom But i agree we are sovereign individuals not slaves. Mybe we should replace that "pleb" term I think this influencers and CEO,s of big companys even in the bitcoin space want us to believe that we need their help and services to adopt bitcoin when we don't. They clearly have an agenda and are not in our side Real bitcoiners understand that the only way out is to live as much as one can(hopfully 100%) in a bitcoin standard and dont take part in the fiat circus and use their trash currency by any means
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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.
↩ replying to npub1yll0...0psj
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 β€œboosted” Bitcoin position that is partly spendable without capital gains. We’re 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, wouldn’t ever need to even care about any fiat balances.
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 πŸ˜‡
@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!