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Replying to Avatar HoylesPattern

One comment, four points.

Strike offering sounds promising.

1. What happens to the your collateralised BTC if Strike goes bust - you have the fiat but not the BTC?

2. What happens if the Government has a change of mind and forces Strike to freeze your BTC collateral?

3. Do you pay your loan back in BTC? Thus if you take a 1BTC loan at USD 100,000 and then pay back 1 BTC at USD 200,000 - who is better off?

4. Is the collateral held in mutt-sig wallet where Strike and you have a key and must agree to settle the loan by using your keys.

I’ll be watching the developments with great interest.

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O Expedicionário 7mo ago

Awful expensive, awful risky for a high volatility asset (if you are not 100% careful)... Just stack sats and remember to only owe money if it is for productive purposes (that allow for more BTC buys&hodl)

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