I’m thinking about what nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzpmhxue69uhkummnw3ezuamfdejszxrhwden5te0wpex2mtfw4kjuurjd9kkzmpwdejhgj8j7r8 has recently spoken about ...
One comment, four points.
Strike offering sounds promising.
1. What happens to the your collateralised BTC if Strike goes bust - you have the fiat but not the BTC?
2. What happens if the Government has a change of mind and forces Strike to freeze your BTC collateral?
3. Do you pay your loan back in BTC? Thus if you take a 1BTC loan at USD 100,000 and then pay back 1 BTC at USD 200,000 - who is better off?
4. Is the collateral held in mutt-sig wallet where Strike and you have a key and must agree to settle the loan by using your keys.
I’ll be watching the developments with great interest.
Strike offering sounds promising.
1. What happens to the your collateralised BTC if Strike goes bust - you have the fiat but not the BTC?
2. What happens if the Government has a change of mind and forces Strike to freeze your BTC collateral?
3. Do you pay your loan back in BTC? Thus if you take a 1BTC loan at USD 100,000 and then pay back 1 BTC at USD 200,000 - who is better off?
4. Is the collateral held in mutt-sig wallet where Strike and you have a key and must agree to settle the loan by using your keys.
I’ll be watching the developments with great interest.
2❤️1
