I was there last bull, same time of the year even, when suddenly everyone was launching a bitcoin backed loan product and talking about a Supercycle. Then 4 years of radio silence by the lenders and suddenly I'm seeing lending all over my feed again.
Anyone reading your posts about your lending product deserves to know the history of lending product launches that you are leaving out.
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Leaving out?
Name another CEO running two Bitcoin companies at the scale of Strike and Twenty One who does live Q&As every Monday, open to anyone.
If your past experiences or views about the future don’t align with what we’re building, that’s fine, don’t use it.
We’ve been transparent and clear about how our products work and what the risks are. Always have been. I am the most active executive in this industry. The notion we are leaving things out is insane
I'm a busy man who doesn't read and watch everything you put out. I only read your nostr posts about it.
I know we all want to do everything Bitcoin on Bitcoin with a bitcoin wrapper. The reality is most plebs could get similar rates with a full fiat loan and avoid putting their stack at risk.
I really only see bitcoin loans as being good for people retired on bitcoin and completely out of fiat savings or getting paid in bitcoin. The rest of us still working and getting paid in fiat should be trying to turn the scam back on the fiat system as much as we can. Money for nothing fiat loans with none of our hard earned assets at risk.
I'll also point out that I've never called for any cancelling of you or strike. Only shared my experience, strike denied me an account, and my opinion that most plebs should avoid bitcoin loan products no matter who is selling. You are free to sell sats and make loans same as I'm free to remind them there may be a better path for them to protect their hard earned wealth.
For those of us still earning in fiat watching our pay fail to keep up with inflation the number one directive is to protect our stack at all costs. It is our only hope. A margin call could destroy our financial future.
sometimes getting paid in bitcoin can be very boring. in the best possible way
Some day. So far not much luck applying to bitcoin companies.