"not FURTHER re-hypothecated" "subject to the terms in place with that provider" Sounds like BS?

Nice, Jack

Führer re-hypothicated imo.

It reads the same, but in legalese.

I don’t do debt sorry. I heard that’s for losers.

you don’t have to apologize to me, i don’t care 👍

I don’t care either.

Sounds like legal two step to appease your partners homie. "Re-Pledge" or "Further rehypothecate" insinuates that it made at least one jump from the initial pledge with the lendee. Guessing the issue is your partners need to make at least one jump AKA one rehypothecation in order to get more cheddar from the man or other larger institutions? In short, larger funds/institutions get a better buy rate from the man but they typically gotta put up gubment accepted collateral (treasuries), which lowers the risk profile of these loans and makes em pencil (buy low sell high). Or they're playing Saylor's game. Make sense. Just make it explicit, so folks dont have to worry who and where and according to what ratio it's get re-pledged/rehypothecated. Proof of reserves solves this as well.

lmfao some ppl will never be happy

no. that language is to be clear that we work with partners

cared enough to apologize to me!

Thanks Jack! You're appreciated!

O ye of much ego.

It's also not uncommon for contracts to include provisions that grant powers to lenders where borrowers have little negotiating power to modify the terms of the agreement that the lender has no intention of utilizing but which lawyers will get for their clients anyway because they can. It's ordinary. View quoted note →

how else did you want me to respond? accept your apology? fine, i accept your apology

Politely ignore me. Still not using your product and I will probably advise others to avoid it as well. Debt is the problem.

Unfortunately @jack mallers I used @npub1ex7m...vyt9 to buy gift vouchers via the strike app and had issues with the voucher. Customer support was absolutely zero and I lost $59 because of this. This poor customer experience means I’ll not be using strike for loans or anything more than a lightning wallet.

gotcha, ok. i didn’t know you reached out to be ignored. will ignore you going forward after this response

Really doing us both a favor.

The rest of us like what you’re doing Jack, keep it up.

Stop being so poor

Too many have BlockFi and Celsius nightmares to “trust” without 100% verifiable proof. Would a smart contract or HTLC be a solution to those concerned with collateral risk?

Speaking of debt - now you own him a favor for both of you.

Yeah definitely not. I bought my bitcoin with money I legitimately earned. I don’t owe any of you fucks shit.

Can a customer roll a loan over at maturity and just pay the interest?

Jack, you wouldn’t take a ‘trust me bro’ loan right? Neither should we. Need hard always verifiable proof or pass

Prove it with facts! In the years to come! No more promises and self-raises. You look like a politician