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Zach⚡️ profile picture
Zach⚡️
@ZachF
Following up to this… @jack mallers I’m asking in good faith, if Strike is THE Bitcoin company and you believe fiercely in the future of Bitcoin and its appreciation, what reason is there to call away Bitcoin loans when the price goes down?

If Bitcoin is the best collateral and is going to be 1M a coin in the not so distant future, isn’t having the original sat amount locked in the account good enough without closing out loans?

Zach⚡️ @ZachF · 1d
Replying to @Ray Buni
Not necessarily true, depends on how it was acquired. If I had 50k in Bitcoin and 50k in USD debt to buy more Bitcoin, I’m negative net worth but I’m not liquidated. I cannot believe how many people sign up for products where there is real time liquidation risk. And honest Show more
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Richard “Dick” Whitman · 1d
Don’t take these offers to borrow against your bitcoin at peasant interest rates
jack mallers · 1d
because i borrowed money from someone else to lend you the fiat. i don’t want to own billions of dollars of fiat and lend it out to make petty yields of 6%-12%. i want to own bitcoin. so if i borrow $100 from someone else and then lend a bitcoiner the $100, if the bitcoiner defaults, i have to p...