@strike Can a user use their Venmo app as the funding source on an ongoing basis to maintain/ build their strike bitcoin balance? Does the KYC pass through from Venmo to Strike? (doubtful) Onboarding over Venmo seems like the scale multiplier. There are many merchants who would be working as your marketing department if the fiat onboarding was simpler.

My favorite take is when obvious TDS liberals tell MAGA what they did or didn’t vote for, and how they feel about their pet topic.

River is the most important company in bitcoin for me right now. My current exchange of preference and one I recommend is Strike. I like what Mallers has built. But Mallers lately has shown his natural base case is TDS, (this extremely political take is not political, trust me bro) and if his company follows his lead off the deep end of liberal self-destruction then I like having River as a viable alternative. It’s easy to tell that River has more mature leadership. Not that Jack won’t mature, but growing pains are more easily noticed at this stage of his business.

@npub1h8nk...rpev After listening to “the great taking “ on bitcoin audible I think it adds an important risk to bitcoin loans, even if not re-hypothecated. If saylor or 21 or strike do this at scale then the “asset” seizure would be your sats.

Blackrock et al should not be on this list. They “control” that number of bitcoin so there is seizure risk? Then coinbase should be #1 since they actually “control” more than satoshi.

Everyone should check out chorus!

+chorus

+chorus - Nostr Groups

Join, create, and participate in decentralized groups powered by the Nostr protocol. Connect with communities through censorship-resistant social n...

Dorsey’s ecash nostr thing.

One question on the op_return drama: Did core change the default size of op_return AND eliminate what was previously an option to change the size of op_return? It’s disingenuous to say defaults are sticky AND remove the option. I hope I’m wrong. But if this is true, I’m firmly in the anti-core camp.

Mortgage is collateralized and 7%. There is no margin call op for the lender. The premium over fed funds is to compensate for the lender risk and costs associated with liquidation. Bitcoin backed loans at 12% is collateralized and has margin call protection and *instant and nearly free* liquidation. This rate delta should shrink rapidly. If Mallers gets single digit rates it’s a good start. It should be lower than mortgage rates within a year, and the investment premium on real estate should shrink as well. This is all the result of greyscale winning the lawsuit against gensler.

The samouai wallet dev lawyers should put $100 in a 12 word seed phrase, and enter it into evidence. The piece of paper with those 12 words on it will need to pass from them to the judge, to the prosecution lawyers, then to the witness. Then ask if "money transmission" has taken place, and if the judge and prosecution lawyers have "money transmission" licenses, and if not, will they face prosecution?

Homeschool families have a lot of kids. Blue haired liberal females have trouble finding partners. I’m bullish for future generations.

USD are a “liability” of the FED. Ok, during the gold standard, a bank would accept gold and issue paper as an IOU. This would be a liability because they have outstanding paper and gold in custody. A bank has a “loan” to a customer as an “asset” because they gave paper to the customer and are owed paper. A bank also has a “liability” when a customer deposits paper because it owes an equivalent amount of paper on demand. But what exactly does the federal reserve “owe” in exchange for the paper fiat “federal reserve note” if one were to give them one? Answer: this can’t happen, so why are they a “liability” of the FED?

Just finished reading “Dark Wire” about the FBI running Anom, so I’m a lot leery of encrypted chat apps. Keet, simplex, keychat, 0xchat: Which one(s) is/are least likely to be honeypots? My preference is @Keychat since they use cashu. But if my FBI agent works there, it might limit my ability to speak freely on the platform.