We’re in this part of the cycle already 🙃 https://youtu.be/PdttkQAZ2BM?si=qFFrbR_4s1t8ewOg
Discussion
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Watching right now
Does anybody remember the part of the cycle that Unchained released their lending product? No? Right...
People desire lending in a non-degen manner. Great to see competition now for reliable products. People that poopoo these products want Bitcoin stuck in the dark ages
nevent1qqsq9msvcuawpddlypaaga68y5r4sfyx4gtc0fqj8ncanap8y4jjg0spz3mhxue69uhhyetvv9ujuerpd46hxtnfdu2rtv0m
That's cool and all but I don't have 1.5 Bitcoins to put up for collateral
$10,000 minimum for businesses
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsu6tkma . First of all congratulations! Amazing job and pushing for bitcoin centric financial products for the masses. I am current strike user and will just give my feedback and it is a negative one but it comes from a good place in my heart. A BTC loan has a different risk than owning BTC, and we can all be very bullish currently but in a few years if things are shaky, people will inevitably get hurt. Same as the message from the grandpa who wanted to get something for his daughter, We will hear nightmare stories when we go through hard times in the future. I would appreciate a slide on the presentation acknowledging risks that lending can have. And on the website (to be honest I haven’t looked yet at the website) a clear explanation on the process for the product of what happens if things get bad with the Bitcoin price or risk scenarios. Acknowledging such things and clarity on worst case scenarios of such product gives me the reassurance and confidence to use such products from strike. Which I totally will in a few years.
nevent1qqsq9msvcuawpddlypaaga68y5r4sfyx4gtc0fqj8ncanap8y4jjg0spz3mhxue69uhhyetvv9ujuerpd46hxtnfdu2rtv0m