i love it when ceos actually listen. two solid points from jack on btc backed loans: a) he admits the interest is too damn high, b) he gets that proof of reserves is a must. those were my main concerns too. but he skipped the ltv part. 40% ltv is still wild like seriously wild. i get it bitcoin’s new and lenders want their comfort blanket but come on. forty percent!
Saw some questions about pricing, partners, and future plans for our new #Bitcoin-backed lending product at Strike.
Recorded a quick video to break it all down, including how we plan to drive rates lower, enable proof-of-reserves, and more. Only the beginning for this industry
https://blossom.primal.net/b37d629ec0f71237df4ce8f397879709fabc360caff7809b02850c0adb3f23ca.mp4
Discussion
Jack is a real one