Replying to Avatar 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)

nostr:nevent1qvzqqqqqqypzpw3089yrxevywh53dq9cnrumurcas5qkd34g88d7ppxsye4ddcs2qy88wumn8ghj7mn0wvhxcmmv9uq3samnwvaz7tmwdaehgu3wvd5xz6tdvyhxjmnxduhsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshsqgpp72a0vda6raml02e6e7sq6jchx90hdqnh54n4n2yzh3qjd37fjqzdpxfk

Daniel's post doesn't seem to be accusing anyone.

It says "take a closer look"

Reply to this note

Please Login to reply.

Discussion

lol

are you sure i’m not co-opted?

Time will tell

Jack partners with the Epstein crew and offers debt to get your bitcoin for the swamp.

Yeah you sold your soul to the beast. Good luck getting out now.

Appreciate the fuck outta you Jack. Don't let the hate get you down.

To be fair, Daniel didn't name you or Strike specifically - I brought Strike into the conversation simply because I'm a customer of yours, and a happy one at that. I'd rather tag you and engage than post without giving you a right to reply.

For the most part, I don't think this counts as mob or cancel culture, rather bitcoiners who have valid questions who are trying to navigate a new emerging system.

My issue has been with the framing of how these products work in principle, not in theory. Newcomers ought to be very clear that bitcoin's CAGR is not a steady 50%. Bitcoin is freedom money and people can do exactly as they please with it - they should be fully informed however, and asking questions will always be a vital component of that.

A 5% price drop is hardly big news, but a true bear market like we've seen before could trigger margin calls and I don't think continuing to make people aware of this is encouraging mob behaviour.

Ehh I think Daniel is implying his opinion of Jack’s business is leaning more negative than neutral

nostr:nevent1qqsgc30qarl8p8y0nutnqj3ceu6x4ts44w8j9du0y9e3df30uawrk6qpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgxqr7vk