Damus
Chad Lupkes profile picture
Chad Lupkes
@chadlupkes

Wealth based systems are the future. #Bitcoin is the foundation for wealth based financial capital. Critical thinking is required. Bitcoin class of 2017.

Relays (14)
  • wss://nos.lol – read & write
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  • wss://nostr.bitcoiner.social – read & write
  • wss://onchain.pub – read & write
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  • wss://relay.damus.io – read & write
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Recent Notes

B R · 1d
Exit, fren
Chad Lupkes profile picture
The Right to Exit is the absolute, unimpeded right of every individual to withdraw their economic activity, financial capital, and digital identity from any State or corporate jurisdiction at zero financial friction. This right is secured by the use of self-sovereign digital identity and sound, verifiable, non-fiat money (such as Bitcoin). It is the ultimate expression of individual sovereignty, ensuring that Capital (Measurement) is always based on verifiable wealth, not systemic debt.
Chad Lupkes profile picture
It is annoying to live in a world that devalues the medium of exchange currency intentionally, prevents verification of information without gatekeepers, locks down innovation behind paywalls and limits participation in governance unless you are one of the chosen few.
2❤️1
B R · 1d
Exit, fren
William ₿ Travis · 4d
I'm glad we know for sure now.
The_Crin · 4d
fiatjaf is satoshi
Rycarl Jorhane · 4d
Wrong!!! 2026 is..... https://image.nostr.build/4dbaf6055c4083f7ebdc00012f9b0f30c735b4227f9feb280810f3bb6986fb28.jpg
Rycarl Jorhane · 4d
Wrong!!! 2026 : ..........is SATOSHI https://image.nostr.build/4dbaf6055c4083f7ebdc00012f9b0f30c735b4227f9feb280810f3bb6986fb28.jpg
Chad Lupkes · 6d
Jack, the fact that a Bitcoin company is offering loans of any kind is an insult to everything that Bitcoin stands for. It's bending the knee to the debt based systems that hold our entire global civ...
Chad Lupkes profile picture
And just to clarify, I do NOT believe that you are stealing other people's Bitcoin. But what you are doing is just as bad in the long term. Stop using debt based models on wealth based infrastructure. Build wealth, and let's leave debt in the past.
Pip the WoT guy · 6d
Thanks! I really appreciate
daniele · 6d
I think https://vertexlab.io is doing that.
jack mallers · 6d
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 bit...
Chad Lupkes profile picture
Jack, the fact that a Bitcoin company is offering loans of any kind is an insult to everything that Bitcoin stands for. It's bending the knee to the debt based systems that hold our entire global civilization in chains.

It doesn't matter how honest you are as a person, and I believe that you are a GOOD person who has been fed a bunch of lies about what makes a person wealthy, and you've designed your business with the intention of taking advantage of those lies instead of confronting them and building a real alternative.

Strike's model introduces debt-based coordination mechanics into what should be wealth-based infrastructure.

Let me map the geometric issue here:

Here is Strike's business model based on your description:

Strike borrows fiat (debt-based position: future obligation)
Customers pledge Bitcoin as collateral (wealth-based position: verified present asset)
The transaction converts wealth-based collateral into debt-based liquidity
Liquidation events transfer Bitcoin ownership to cover fiat debt obligations

The framework problem:

Jack's model creates a field merger between debt-based fiat coordination and wealth-based Bitcoin coordination. When customers pledge Bitcoin for fiat loans, they're not using Bitcoin as money, they're using Bitcoin as collateral within a fiat debt structure. This inverts Bitcoin's intended function.

The temporal direction matters: Jack's customers are borrowing from imagined future positions (fiat debt they must repay) secured against verified present positions (Bitcoin they already own). This is geometrically identical to traditional debt structures, just with different collateral.

What Strike misses:

You are correct that your business incentive is to keep loans healthy and customers solvent. But this doesn't change the fundamental geometry. Your model requires:

Customers believing fiat liquidity is worth more than Bitcoin ownership (It's not, nothing is)
Debt relationships with external fiat lenders (The chains that bind us to the past)
Liquidation mechanisms that convert Bitcoin to fiat under stress (The debt based singularity that is holding us back)

All three operate from future-oriented positions rather than present-verified positions.

There is an alternative: Lightning Yield Wallets (a true wealth-based model).

Stock: Bitcoin in Lightning channels
Velocity: Transaction routing frequency
Work: Network coordination improvement (faster, cheaper payments)

This alternative does four things:

Operates from present position (Bitcoin already in Lightning channels)
Creates value through network function (routing transactions)
Returns come from actual work performed (routing fees earned)
Field separation: Bitcoin stays Bitcoin, Lightning operates on Bitcoin rails

The compound dynamics:

Lightning Yield model creates compound growth:

More liquidity → better routing → more usage → more fees → more liquidity

What Strike could offer:

Lightning channel management services (helping users optimize channel positions)
Routing fee distribution (sharing returns from facilitating network transactions)
Liquidity pools that earn from network improvement rather than debt interest
Tools for users to become Lightning infrastructure rather than fiat borrowers

You've built incredible Lightning infrastructure. But you're using it to serve the fiat debt system instead of letting it demonstrate Bitcoin's wealth-based alternative. Lightning Yield Wallets would show what Bitcoin coordination can do when it operates on its own principles rather than bending to legacy financial mechanics.
2❤️4
rejvons · 6d
Good writing!
Chad Lupkes · 6d
And just to clarify, I do NOT believe that you are stealing other people's Bitcoin. But what you are doing is just as bad in the long term. Stop using debt based models on wealth based infrastructure. Build wealth, and let's leave debt in the past.
Chad Lupkes · 1w
https://dailyblockchain.github.io/
Chad Lupkes · 1w
This is my favorite blockchain visualization. Imagine something like this for following/followers, or even posts/comments to show the provenance record.
daniele · 6d
This is something that is very hard to achieve purely client side, since it is data and cpu intensive. About the visualization: graphs are cool, but they should really offer a useful perspective, and I don't see much possible innovations here; a graph of names/pictures is quite useless without any s...