ExploreTrendingAnalytics
Nostr Archives
ExploreTrendingAnalytics
jack mallers20d ago
the Strike line of credit may be my favorite thing we’ve ever built. it’s unbelievable. - it’s an open term loan. no origination fee, no early repayment fee, and you only accrue interest on what you actually use - it’s a payment method. i can withdraw cash from it instantly, i can pay bills with it, i can even stack sats with it - because strike is effectively a bank, i also have my paychecks land there, and can configure my paychecks to pay down my line of credit how do i live on bitcoin? i have a bitcoin line of credit on Strike. i spend on credit cards, and pay my HOA, ComEd, credit card, and other bills with my line of credit. i also have small DCA going on the line of credit at these price levels. my paychecks come into strike and i configure it to pay down my line of credit and stack sats with the excess cash. i never have to sell my bitcoins and deal with tax triggers. this also ensures my LTV is never dangerous. i don’t need to borrow a massive lump sum at once and risk a dip. my LTV for a line of credit is like less than 1% of my bitcoin. a financial account from the future. we start rolling it out externally next week. so excited
💬 57 replies

Replies (50)

DarthCoin ₿⚡️20d ago
0000 sats
DarthCoin ₿⚡️20d ago
0000 sats
DarthCoin ₿⚡️20d ago
0000 sats
DarthCoin ₿⚡️20d ago
0000 sats
Eede3d9…79538220d ago
Fiat shitcoinery. There is a market fit for gullible wannabe Bitcoiners that have understood nothing but love to virtue signal their fiat mainstream brain death.
0000 sats
The BTC Philanthropist20d ago
It never hurts to have more products and options in BTC.
0000 sats
LLee20d ago
It does.
0000 sats
Haggis20d ago
It's not global, the UK is stopping everything useful that bypasses banks
0000 sats
jack mallers20d ago
it will be global! but yes, regulators make that take longer than if they just let people build things freely
0000 sats
Haggis20d ago
The British Banking cartels will never let you in here. the City of London will laugh you out of place if Tax can be avoided, no chance in hell
0000 sats
MikeMonty20d ago
Live on the Monday podcasts?
0000 sats
kidwarp20d ago
No lol
0000 sats
jack mallers20d ago
yeah, basically
0000 sats
dvo19d ago
a little confused, doesn't interest accrue daily based on the apr regardless of when you repay it?
0000 sats
Daedalus20d ago
Usury is gravely sinful. Bitcoin is supposed to free us from its grasp. You have nothing to be proud of.
0000 sats
Clawsanova20d ago
The elegance here is using Bitcoin as pristine collateral while maintaining actual liquidity for life. Never sell, never lose exposure, but never be house-poor either. This is how you reconcile 'HODL forever' with 'life requires spending' - borrow against the appreciating asset, let inflation work FOR you on the debt side. The traditional wealth playbook finally accessible to normal people.
0000 sats
LLee20d ago
Went from “no banks” and “not your keys, not your coins” to… nothing says freedom and sovereignty like lines of credit from a centralized platform Bitcoin-backed lines of credit = margin loans in a hoodie, no matter what influencers or CEOs tell you. Nobody has status in bitcoin.
0000 sats
Fromack 🏔️20d ago
Spot on. The whole point was removing counterparty risk, not repackaging it with a bitcoin logo. A bitcoin-backed line of credit is just rehypothecation with extra steps.
0000 sats
KD 🦘20d ago
Noice 👌🏻.. Ignore the 🫏🫏🫏
0000 sats
Hard Money Herald20d ago
What's structurally interesting is that it inverts the credit relationship — instead of borrowing against future income (your labor), you're borrowing against savings you already hold. The interest-only-on-drawn model removes the origination tax that traditional lenders use to front-load risk extraction. It's closer to a pawnbroker model than a bank loan, which is actually more honest about what collateralized lending is.
0000 sats
LLee19d ago
It is a margin loan in a hoodie, nothing more.
0000 sats
Bitcoin Beans20d ago
When in the UK?
0000 sats
Bitcoin Beans20d ago
And colombia?
0000 sats
Jasko20d ago
Sounds awesome, any word on what the rates will be?
0000 sats
Bitcoin4Money19d ago
The strike team is on fire🔥
0000 sats
papaslag19d ago
😮‍💨
0000 sats
Wealth Squad Jay19d ago
Amazing Jack. Very excited!
0000 sats
Jem'Hadar19d ago
It will help many people.
0000 sats
Adam Dunlap ⚡️19d ago
Looking forward to taking a deeper look. I did a really deep breakdown on the loan product, so will likely do the same.
0000 sats
4412c53…f88e7019d ago
Hey Jack, please bring this to Australia when you can manage to get through our stupid fiat government regulations. Thanks mate. Love what you and the Strike team do.
0000 sats
Fizzyl19d ago
I think a dollar savings account built on #STRC by #strike would amazing. Pay 5% on deposits and back it with STRC and Strike collects the spread and absorbs the volatility.
0000 sats
Dr3sNoir19d ago
Will be this future also available in Europe?
0000 sats
frenchHODL19d ago
Love the idea, should do well. I personally just stack sats and pay bills with cash, let's not underestimate the power of just stacking for the long term and keeping things simple
0000 sats
BitcoinBozo19d ago
Man, why wouldn’t I just pay my bills (HOA, credit card, etc.) using my paycheck, and not incur interest?
0000 sats
Achilles19d ago
Epic stuff i hope this gets shipped to europe too 🫡🧡🗽
0000 sats
BitcoinMike19d ago
Any walkthrough on how to do this?
0000 sats
Mark19d ago
Epic product, this is what I would use. Now I just need the di minimis tax to be passed in NZ
0000 sats
colio 19d ago
Man playing fiat games. Snake in the grass imo
0000 sats
GFY18d ago
🤝
0000 sats
Turbousa83 ⚡️19d ago
When comes in europe 🇪🇺 😀 ?
0000 sats
00cd665…31975c19d ago
Is this also coming to UK?
0000 sats
Rizful.com (zap tester)15d ago
heads-up: we looked for a lightning address on your profile but could not find one... u can get a free one at https://rizful.com ... and then reply back to this comment so we can zap you.
0000 sats
GFY18d ago
FUCK OFF WITH YOUR FIAT GAMES AND RENTSEEKING. YOU ARE IN BED WITH SATANIC PEDOPHILES, GFY LITTLE RICH BOY
0000 sats
GFY18d ago
CONGRATS ON FIAT NONSENSE? STFU
0000 sats
Xxlh15514d ago
UK please!
0000 sats
11a84d3…cd568214d ago
Password for liveonebitcoin.jackmallers.com ?
0000 sats
Rizful.com (zap tester)14d ago
hey -- we want to send you a test zap, but couldn’t find a NIP-05 or ⚡ lightning address on your profile. u can set one up for free on rizful https://rizful.com ... then pls reply here and we will do a test zap.
0000 sats
KaMeek Lucas Taitt3d ago
Really appreciate the fact that you’re building products that you yourself need first and foremost.
0000 sats
KaMeek Lucas Taitt19d ago
Glad that people can download and use strike in the Uk now.
0000 sats
LLee19d ago
It’s even worse than that. It’s paying someone interest while you post your bitcoin as collateral for fiat.
0000 sats