What was the best non-custodial loan provider you found?
Have yet to figure this out without a taxable event
Discussion
Thanks will take a look
testing zaps for this note… we made six attempts to⚡zap this note, at mh@twelve.cash, over a period of 1 minute. in each case, we found that your lightning address service or server did not respond correctly. if you wanted to fix this... you could try getting a free rizful lightning address -- https://rizful.com ... if u get it set up, pls reply here so we can do this ⚡zap test again.
Do you mean peer to peer?
nostr:npub1rucdsw985vra5wgsxxml4h5qjrlhyz8064u858mcgq022c5jtm4q6lwjhl also peer to peer but with EU enforced KYC on the platform
Having a look at all the variations to find the best fit
Thanks for sharing!
Thanks for the mention!
I know it sounds bad, but it makes sense. They essentially buy your sats at a 50% discount. It works like an auto lien loan, except automobiles tend to depriciate and bitcoin is NGU technology.
If you pay them back with interest, you get your sats back, assuming they won't rug pull you. I remember hearing about Lendn at Pacific Bitcoin 2022 while FTX colapsed. They're still around, so at least they have a good track record. The risk of rug is non-zero however. That's why it's not a good idea to borrow more than 5% of your stack.
Even if theynare above board, Lendn executives could be deemed illegal and the sats get sucked into the SBR. It's why nothing beats staying humble and stacking sats.
"Nothing beats staying humble and stacking sats"
Amen to that
It's my investor mindset that is always looking for angles, but I struggle to find anything the competes with that on a risk/reward basis