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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)

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Little Johnny 2mo ago 💬 1

Everyone is free to do whatever they want, but I don’t understand to whom and to what are you referring to when you write about the “cancel-culture mob behavior”?

I assume that you are referring to npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2 ‘s comment as you shared it in this context.

If you are referring to his comment, then I don’t understand what is he doing wrong here?

Is it somehow wrong to ask people, who are margin called because they took loans against their Bitcoin, to warn others?

Or what is wrong about taking "a close note of the people/companies who created these products, who backed them and who shilled them”? Or what is wrong about thinking "long and hard about these products" so that one does "not risk getting rekt"?

And if you are not referring to his comment and are referring to some real cancel-culture mob behavior, then let’s hear it.

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Discussion

Kendy 2mo ago 💬 1

I doubt he’ll respond to you.

But I’d bet he’s interpreting Daniel is claiming Jack’s business has poor ethics and encouraging others to agree.

I believe Daniel is causing net harm and waste by distributing that message. Jack is a net good actor for Bitcoin and humanity and we all have SO MANY more enemies we should aim our time and energy at.

Little Johnny 2mo ago 💬 2

You are right that Jack is probably not going to answer. I don’t think that he really has answers to the questions I asked. He has been very helpful in making many people understand what money is and why it’s important to have good quality money, but now he is acting like a toddler.

jack mallers 2mo ago 💬 2

this is what i’m talking about. there has been consistent messaging about me and my businesses implying everything between bad ethics and me being a co-opted criminal

Little Johnny 2mo ago

Thank you for taking the time to answer. I appreciate it.

I think that it would have been a good idea to share that picture to clearly show what kind of comments you are tired of. Me (and many others here on Nostr) are not active on X/Twitter and have no idea what is going on there.

Having said that, I still don’t see npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2 calling you a criminal. I see him suggesting that you are working against Bitcoin as freedom money.

Tristan 2mo ago

I’ve spent almost 100 hours at this point in an empty closet in Chicago with this guy & attacking his character makes me irrationally angry. (Jokes) If you don’t know how to use leverage, don’t. Btw my BTC backed loan is still very healthy. Even if it wasn’t, I’m not financially dense enough to over leverage, or not have additional capital & collateral on the sidelines in case of emergency. Trying to frame the use of Bitcoin as collateral as a bad thing is just lunacy. God forbid we monetize MONEY

Kendy 2mo ago 💬 1

Little Johnny 2mo ago 💬 1

Cool meme. Did you make it yourself? And why did you post it as an answer to me?

Kendy 2mo ago 💬 1

Because I’m stooping to your level of poor arguments to entertain myself.

>call him a toddler with no basis

>respond with stupid meme

Little Johnny 2mo ago

Wow, you seem very offended. Perhaps a censorship free protocol is not the right one for you. I did not call npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle a toddler. I said that “now he is acting like a toddler”. Just read my comment again, and do not midcurve it.

The basis for me saying that Jack was acting like a toddler was that Jack was sharing Princey’s comment and referring to it as “cancel-culture mob behavior”. But npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2 was not cancelling anyone and there was no mob behavior.

But now I am going to give you something that makes you very happy. If you read the same comment again, you can see that I acknowledged Jack’s great work in making many people understand what is money and why it's important to have good money. And I really believe it.

(Jack has said lots of great stuff. If I am not mistaken, he is the one who called Jamie Dimon Jeffrey Epstein’s banker. It is one of the funniest #Bitcoin moments ever! 🤣 But it does not mean that he is above criticism.)

And now I am going to make you even happier – during these paper Bitcoin months, Jack has highlighted that if you buy shares, you are not buying Bitcoin -- you are buying shares. It’s very important that people understand it.