i’m not entirely sure what that solves. why would that be valuable to you?
we already have no rehypothecation. we will add proof of reserves so
customers can see the bitcoin.
i personally don’t get why holding one key is valuable, you don’t control the funds anyways and it makes the product extremely expensive
Hi Jack, thanks for the response. Big fan and have basically been a Strike customer since day 1. Hopefully you didn’t take my question with an off putting tone.
I suppose bitcoiners are skeptical by nature. And I’ve used other services like this in the market for years now and I have no problem with switching my business to another provider if it makes sense financially. Do I control the bitcoin in the loan? No, but why does the counter party need to hold all three keys if I’m offered one now?Your rates are practically the same. So unless Strike is offering something that’s a leg up to the competition (better rates, less collateral/loan, etc.), why would I switch? Again, big fan and happy Strike customer for a long time.
appreciate it, never personal.
our rates are the same at 0 origination, 0 early repayment, and 12%? with who? but we will be at ~8-9% by the end of the month. i think that will be best in class by a long mile as far as i know
as for why not give access to a key, i still don’t understand what it solves. we need to be able to act with the collateral in the event we have to. so there is no point in doing anything other than showing you the BTC on-chain with proof of reserves? or maybe im misunderstanding you?
