Damus
jack mallers profile picture
jack mallers
@jack mallers
I find this cancel-culture mob behavior pathetic. My phone’s blowing up with accusations from people who have no idea what they’re talking about.

I’m in Costa Rica before an event, so here are a few quick facts straight from the source, for those interested:

Strike performed flawlessly through all of the recent market volatility. Zero downtime, 24/7 support, and the biggest day in our company’s history across all product lines yesterday. Thank you to every Bitcoiner who supports us.

Strike Lending continues to lead the market. We had zero margin calls today, and have never margin-called a customer, ever. Our loans open at 50% LTV, with customers averaging closer to 40%.

We’re building a reliable, trustworthy credit market on Bitcoin. The existence of bad or irresponsible actors doesn’t make the tool itself bad. Does a man using a hammer to harm others disqualify the one who uses it to build a home? Of course not.

Credit is a tool. Used responsibly, it empowers people. Used recklessly, it destroys them. That’s true of any financial system. Credit on Bitcoin can do so much good for the world, and we’re building it the right way: transparent, regulated, and built for Bitcoiners. In fact, we are actually in the middle of building a loan type where you can pay a premium to remove the possibility of ever getting liquidated. We hope to launch it in Q4! Imagine that, from the very people that are being accused of the opposite.

Anyways, do you really want me deciding what’s “good” or “bad” for everyone else? That’s not Bitcoin. Encouraging mob behavior against those actually building tools for financial freedom is backwards.

I’m used to this kind of noise, but our team has the best product velocity in the industry, they deserve none of it. Tag me and come at me if you want to spout nonsense.

If you don’t want to use our tools, don’t. I’ve never forced anyone to do anything. If you do, please use them responsibly, and if you have questions, reach out. We’ll always answer.

Now, I’m off to the event with the Strike team. Stay humble, stack sats, and build the future however you see fit (that's a lot of the point)

8714❤️92🤙7❤️5🚀3🧡2:fire:1
thePR0M3TH3AN ✝️ BIP110 · 15w
I use #Strike every day as my own Bitcoin bank. My paycheck is deposited there. I move funds from cold-storage to my fiat bank and vice versa very easily and quickly. So far Its been a great service and i plan to continue to use it into the future. Thanks nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqywhw...
Jake Woodhouse · 15w
I’ve always admired how well you articulate yourself. Calm. Rational. Reasonable Thank you for that I am not sure the original note was directed at you specifically, but either way, an important reply The people that “are getting margin called”, knew what they were signing up for. They ...
Junghwan · 15w
Real Bitcoiners never borrow fiat against real money. Bitcoin self-custody. That's what Bitcoiner do. Sorry dude
nostrich · 15w
Keep up the good work, Jack and Co! I don’t use of a lot of the products/services you offer, but I’m glad that they exist for those who do. I’m also glad that they are there if I ever need them. Thanks for all that you and your team do.
Kingbee · 15w
Yoooo Jack. Appreciate ya fren. Miss dollar Bill though (Boomer here). Only thing I would say is there will be another market cycle downtown. The last one we had was 2008 and Bitcoin has not been through that yet. 80 or 90 percent drawdown can and probably will happen again. Just keep alerting peo...
nostrich · 15w
Fuck em. Bitcoin adoption comes in all different ways. I’m beyond happy with your team, app, and products. Speaking of which, I’m dyin to get my hands on a strike tee or hoodie. Drop that merch my guy! nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
BTCGVA · 15w
You're doing a great job, don't worry about does who are not able to grasp a basic concept. Loan backed with BTC is a good option. If one wants to be on the safe side, one can increase the amount of BTC. The problem in today's world is that many are not able to read and comprehend a simple contr...
Mark · 15w
Players just don’t know how to play the game sometimes. Keep up the good work man 🤙 help us out down in NZ when you can! Hardest working man in Bitcoin haha
Salva · 15w
I am so happy to have that product available in Europe Jack! Thank you for your work and for strike!
Davani. #Bitcoin · 15w
Aint change the fact: "Jack Mallers, you are in bed with the mafia." - Simon Dixon (in a mind-blowing interview on Breedlove' s show). Adam Back (sorry) PeterTodd etc. https://www.youtube.com/watch?v=ZVTV3VRbI_o&t=2s
Rick ☢️🧡 · 15w
How did nostr:nprofile1qqst5teefqektpr4aytgpwyclxlq78v9q9nvd2pem0sgf5pxdttwyzsprpmhxue69uhkummnw3ezucmgv95k6cfwd9hxvme0qydhwumn8ghj7un9d3shjtndd9hxguewvdhk6tmwdaehgus64h3vk's post trigger this so much? Wasn’t even aimed at you….
Bang · 15w
Wish you'd have launched it in the bear market. I'm not touching that product in until we're back to 58k 😆