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Replying to Avatar Liberty Farmer

Ha. Could be.

With current limits of 75k though. That's a few hundred k in Bitcoin. Now, if they drop to 25k, 10k, 1k.... Totally different users. Yikes.

I don't see myself ever using it, but I absolutely see the value in being able to access massive amounts of dollars in 1 business day. No credit checks, underwriting, and all the other nonsense. Just post Bitcoin, get dollars. That's huge, especially in non US markets.

I've done a ton of house flipping, rentals and wholesaling in my day, short term hard money is not cheap. These days you are talking 12-20% for a 90-180 day loan.

Enter Strike... Faster, easier, there if you need or want it.

I like options in life. A heloc is a nightmare. Personal loans the same.

For whatever my opinion is worth. 😂

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corndalorian 7mo ago

Since the conference they dropped the minimum loan to $10K. Gotta put up at least 2x in sats to begin with for collateral.

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Liberty Farmer 7mo ago

Those are decent numbers. Anything less than 10k could have issues. 50% margin is decent.

But honestly, I could care less of some gets rekt on a loan and blows it. Not my concern.

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