genuine question: do people actually believe this?

to state the obvious, my business incentive is to keep the loan open for as long as possible. i get paid servicing my customer.

“taking their bitcoin” onto my balance sheet would be about the dumbest way imaginable for me to acquire bitcoin.

if i want to buy bitcoin at these levels (which i do every day, regardless of price), i buy it with profit.

we don’t lend out cash from our balance sheet because we don’t want to own billions of dollars of fiat. Strike owns as much bitcoin as possible. we lend out fiat that we got from someone else.

when a loan gets liquidated, it’s because i owe that cash back to someone else who gave me fiat. if the customer defaults, i have to sell the bitcoin to get them back the cash.

what do i want? i want bitcoiners to have healthy loans and never sell, forever. i buy bitcoin with the money i earn providing the service…

duh?