For everyone trying to treat this like it's a scam to loan shark plebs into getting loans for their burritos, please look at it again more carefully and realize this lending product isn't for people stacking $0.40 cents of bitcoin a day.
Discussion
Indeed. Itβs highly dependant on personal needs and situation as well as local tax laws such as CGT.
These interest rates are insane, barely better than a credit card loan!
Considering the liquidity of the underlying asset, and the level of collateral that's expected, I don't see how you'd justify these rates?! Btw, in some markets, you can already access Lombard loans with iShare or MSTR at much lower rates.
So many garbage takes on Strikes product. Everyone seems to have the memory of a goldfish and forget that Unchained and others have been providing lending for a while now.
I might need to take a break from nostr and the internet generally, the conversation landscape (at least my feed) is so negative without the core bullshit and crapping all over insitutions coming to bitcoin, etc., i'm really bored by all the noise generated by people pretending to be l33t cypherparnks or whatever.
Itβs not a scam, itβs a scheme.
Basically what firefish.io does for a while now (Europe)