Nostr Web Client

How to Steal Your Bitcoin:

Step 1.

Blackrock, Bankers, & the CIA get you to deposit your Bitcoin into a financial app like Strike

Step 2.

Strike LENDS you KYC fiat money, against your BTC deposit, which you spend on peasant food through a regular bank account. You're now hyper-long Bitcoin on leverage

Step 3.

They produce a "propaganda event" on Elon Musk X, Trump Truth, Peter Thiel-CIA-Rumble, and the legacy media

Step 4.

Propaganda Event flash crashes Bitcoin down. You're immediately liquidated, and they are charging you commissions to sell it, on top of the original interest payments.

Step 5.

The oppressor buys the dip. And then their Propaganda Media flips narrative the other way to pump it back up.

Result, You now have:

No Bitcoin

No Equity

No Privacy

You paid Commissions

You paid interest

Satoshi's Dream of peer-to-peer money died

Don't you see? Strike's new lending program is a CIA coup to rape your financial dreams, and turn what could be a circular economy among us... back into fractional reserve banking.

Repost these ideas in your own words. Because if Nostr understands the scam, it won't work.

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Discussion

novo 7mo ago

nostr:nprofile1qqsrqq84hr55lyfan6thm88xs6dwsqt42837gh9zm5sh3y4urys2rtgpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcygalhf traduza esse texto para mim.

deeznuts 7mo ago

In the other EXTREME you get a loan on only some of your bitcoin, your loan is paid back by NGU technology and YOU NEVER PAID INCOME TAXES since you didn’t have an income

That’s how rich people have fun staying rich

Sovereign Being 7mo ago

I sincerely hope you're not considering this.

deeznuts 7mo ago

Not today, but not paying income tax is very appealing and is doing the lords work

At some point a non douchy company will offer a plan that makes sense

Den Yellek 7mo ago

Especially if collateral is held in an on chain verifiable address.

deeznuts 7mo ago

Indeed, those clutching pearls about loans really don’t have much imagination

Den Yellek 7mo ago

Yes. Who knows what products will be offered.

Maybe collateral is not even held by the lender but by a multisig of third party costodians.

deeznuts 7mo ago

Yep. The products offered will be mind blowing methinks

₿k 7mo ago

Wdym your loan is paid by NGU technology? You’re selling other portion of bitcoin (albeit smaller amount than original) to pay the original loan? Then you are paying capital gains.

If you are talking amount selling bitcoin stock exposure w/ dividend to pay the loan, then it’s a different story

hodlpleb 7mo ago

Get loan

Buy business

Use revenue to pay loan

Marc 7mo ago

Don't you need to pay it off at some point? What's the plan...Wait until you can pay off a million fiat bucks with 10,000 sats?

deeznuts 7mo ago

BTC in deflation is NGU tech that easily pays your loan in inflating fiat

Lucid 7mo ago 💬 2

12% APR is insane

nostr:nevent1qqstugmxjn99qf8rpzcz29zakga36cds53kpv7ckjg9wyq5zerrakwgppemhxue69uhkummn9ekx7mp0qgs2c0m2lct4j0mpsyz38kkf58j5f6rmnn53kf7n0wywck8m42gpf2srqsqqqqqpc4m3rh

MoreCredible 7mo ago 💬 1

Unchained has offered this for years now. I’ve used it several times for Capital for my business when other lenders wouldn’t lend to me. Loosen the tin foil, chief

ShiShi21m 7mo ago

Bitcoin helped you achieve something in the real world. LFG.

Kevin Alfred Strom 7mo ago

Unchained Capital refuses service based on political views.

MoreCredible 7mo ago 💬 1

Oh yeah I forgot about that when I had to checkbox my “Political Leanings” on their questionnaire.

lmao

Kevin Alfred Strom 7mo ago

Ridicule me all you like; it doesn't change the facts.

MoreCredible 7mo ago 💬 1

How exactly did you get refused service for politics?

Kevin Alfred Strom 7mo ago 💬 1

My documentation and financial standing are impeccable. I am a client of numerous financial concerns. Yet when I was refused service at Unchained Capital, and prior to their extremely rude blocking of me, one of their agents admitted that my post-KYC "investigative" results indicated "risk" based on my political activism. I am the man who Elon Musk famously quoted a while back, mistakenly attributing my writing to Voltaire.

MoreCredible 7mo ago

I just looked it up, I see. If true, you have a leg to stand on. Part of why Bitcoin’s apolitical background is beautiful.

TallBrian 7mo ago

Care to elaborate?

Kevin Alfred Strom 7mo ago

See my response here, or I can re-post it. https://primal.net/e/nevent1qqstahs97lyu3kewra03h9v9k7h6rvz2m692v5xucsstlnzvw2qdkash3gcar

Callum 7mo ago 💬 1

Yr point is well made but so also is the response by nostr:nprofile1qqsg4mwgw9sgr8jfpjcpv2ktmry6ymteuc7mwn6mrdje8yqjjf987pgpz4mhxue69uhk2er9dchxummnw3ezumrpdejqz9thwden5te0dp5hxapwdehhxarj9ekxzmny6tyrrr

It's possible to safely and privately borrow against BTC collateral by using a non KYC platform such as @nostr:nprofile1qqszw0ncsrfc6wd8lv3cal8cj4apkke8aqv3y75ys05h2st2p2g035sprpmhxue69uhkzum5wfskctnwdaehgu3wd3skuep0qythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp08wj0e3 and by maintaing a very conservative LTV ratio that would keep you safe from a margin call against most conceivable flash crashes (eg it's very unlikely we would see a crash to below 30K now). Also, only borrow against a small fraction of your BTC that you can afford to lose even in the very worst event (eg only borrow against 1% of yr total).

₿k 7mo ago

Minimum for individual is 75k

Hodl Hodl 7mo ago

You can take a loan for as low as 50 USD at Lend by Hodl Hodl.

SimplifiedPrivacy.com 7mo ago

hodlhodl has horrible trading commissions and rates. honestly you should be embarrassed

Hodl Hodl 7mo ago

Compared with what?

SimplifiedPrivacy.com 7mo ago

other p2p markets. Reto Haveno, OpenMonero, Bisq, in the past LocalMonero

Also HodlHodl says "we care about your privacy", but you're on Cloudflare, with Google Analytics, and you use Gmail

Considering Bitcoin is transparent, you're basically literally handing the complete trail of funds for anything involving fiat over to the US government with your negligence.

Hodl Hodl 7mo ago 💬 2

We really appreciate your comments. We're always looking to improve our services.

Obviously, you're always free to pick the one that best fits your needs and expectations. Luckily, there are loads of builders like us creating the tools that will make the new P2P Bitcoin-based financial system a reality.

Best regards.

Liberty Farmer 7mo ago

You have a few major plot holes. You aren't leveraged on strike loans, quite the opposite, they are requiring 50% collateral. While a 50% flash event is possible, it is incredibly unlikely to happen.

Even if it hits 45% down, there is no liquidation happening at all.

You are free to pay your loan back at any time, regardless of the Bitcoin price.

matevz 7mo ago

50% dips are regular for BTC. Granted it's just for a day or so - enough to liquidate your positions.

Liberty Farmer 7mo ago

That is completely false. Covid was the largest daily drop in history, at just under 40%.

You can cover you spread in minutes, easily. And remember, even a 55% drop would liquidate just a fraction. It isn't leverage, it is collateral.

SimplifiedPrivacy.com 7mo ago

They are defining the spread. The price is the bid/ask on their app, so it's whatever they want for a few seconds.

Long term they can't manipulate. But for an hour, they can literally lock out buyers.

Liberty Farmer 7mo ago

No, they can't. If they did on scale, they would be ftx or blockfi or any other scammer company.

The game theory isn't in there.

There is no benefit to a company doing this against their users.

SimplifiedPrivacy.com 7mo ago 💬 1

Are you kidding... every stock/forex broker blows the spreads up during volatility. During covid regular stock brokers were locking people out during big moves. It happens all the time, even with forex which is crazy liquid

And the even larger issue, is sucking people back to fiat banking. That's my main point

Liberty Farmer 7mo ago

That's not the discussion. I don't give a shit what brokers did or do doing covid, although I'll guarantee brokers didn't stop people from buying and selling en masse.

We are talking about liquidations of Bitcoin, and the exchange somehow working with the CIA to dump markets more than 50% and at the same time the exchange somehow and for some reasons locks people from depositing more Bitcoin or buying more Bitcoin and adding collateral.

That's fucking Ludacris. Strike is much better off collecting your 12% interest and keeping their company growing by not screwing their customers.

People need to eat, live. If they have BTC but not fiat, they may want to take a quick loan instead of selling.

They sure as shit aren't using monero to live in their fiat world. I'm not saying I want a loan, but certainly some do.

SimplifiedPrivacy.com 7mo ago

Fiat brokers cutting service, from stocks or forex, is very relevant here. As they control the spreads and what liquidity is at a given time. And the huge issue again is sucking people back to the Fiat banking system, from crypto.. making it more volatile. The CIA definitely wants volatility to kill crypto's use-case as a real currency. Having people lever up (And then pull it out as fiat) is the easiest way to achieve this. Further, you're paying interest on money you already had. Am I being hyperbolic about the CIA? Yes. But is this exactly what they want? Yes

Liberty Farmer 7mo ago

Of course you are paying interest. It's a loan, duh.

Forget KYC for a moment, pretend this is a p2p no kyc service.

Now, what is your issue?

If I come to you because I need to pay taxes, new roof, or buy a house, but all I have is Bitcoin, that doesn't do me a whole helluva lot of good.

I can A)sell it, or b) borrow against it.

I fail to see why this is an issue.

SimplifiedPrivacy.com 7mo ago

If it was a DeFi protocol that's no kyc, and keeps the funds in crypto, like a stablecoin. And the person SPENDS THE FUNDS IN SOME FORM OF CRYPTO. Then I'd have no issue with it.

The primary issue is sucking people back to fiat banking.

Liberty Farmer 7mo ago

Keeping it in a stablecoin helps nobody. Currently at least.

I can't pay my property taxes, mortgage, groceries, my childs sports and school fees, my company payroll or car payment in stablecoins. So I fail to see the value. I, and people need dollars for these things not tether.

Nevermind they are all centralized and aml/fincen friendly anyways.

It seems you live in this little fake bubble that doesn't actually have real world expenses and family needs.

Or you are completely full of shit and do spend dollars.

SimplifiedPrivacy.com 7mo ago

Your company payroll is the number one thing that should be in crypto. The only way to get people to actually use this stuff is to pay them in it.

As far as mortgage goes, there are people on xmrbazaar who sell rent payments for XMR. Taxes are tricky. Children school, you got me there. Groceries try cake wallet, coincards, many options. I don't have kids.. that doesn't make me fake.

SPENDING money in crypto is easy. EARNING is harder. Paying people in crypto is the single biggest change you can make.

Liberty Farmer 7mo ago

Yeah, I get it, but that's all an insane pain in the ass. Like 10 procedures to pay 10 things. No thanks.

As an employer of more than 40 people and multi million dollar annual payross, regs, hr, payroll companies and types of employees, I will say now that there is zero chance to pay them in anything other than dollars

Paying one or two? Maybe. No more.

But 941 quarterly payroll taxes must be in dollars, so must fica taxes.

Mortgage, not rent. My bank doesn't take anything except check or ach.

Yes, taxes is impossible. Currently.

My grocery store takes fiat, nothing else. Gift cards for every food stop? Pass.

I didn't say or at least mean you were fake for not having kids. I said you either live in a bubble where that's possible. And if so, the your arent In the real world like me and others with literally dozens of families and our own counting on us to make sure they can live and support themselves.

I would add fuck taxes and government. But it doesn't mean dick, as I still have to pay.

SimplifiedPrivacy.com 7mo ago

This world is what you make of it. If you're really in a position of power, with millions in payroll, then that's all the more change you'd have by offering the OPTION for employees to switch over.

And you should be hiring Simplified Privacy to do your corporate emails, website, cloud/docs, internal IT =)

Liberty Farmer 7mo ago

Hahaha

Ape Mithrandir 7mo ago

Just sell the Bitcoin to pay for things you want.

Don't take on debt for household necessities, that is some late stage capitalism shot and the most fiat BS imaginable.

Liberty Farmer 7mo ago

Fantastic. So don't use it.

Other may want use it. Who gives a shit? I don't work for Strike, so I don't care what people do, and I likely would never use it.

But there are a bunch of use cases people would want this individually and want short term loans. One of them is cap gains avoidance, particularly short term. By loaning against, you don't have cap gains.

The short term cap gains can be as high as 34%. So a 12% apr could be well worth the cost vs paying cap gains.

If Bitcoin is to become actual money, this will become more and more common, just as are helocs, mortgages, gold loans, loans against stocks, and so on.

People better get used to it. It's only going to become more financialized

Ape Mithrandir 7mo ago

One of the main reasons being cited by people is to avoid cap gains.

If "Bitcoin ... become[s] actual money" then surely there would no longer be cap gains? If there were no cap gains there would be less reason to persue this type of product.

Cap gains taxes were introduced in 1913 the same time they founded the Fed. It is a clear approach of asset stripping to introduce cap gains taxes and inflate asset values by increasing the money supply and encouraging everyone to borrow money at articially low interest rates.

Buy P2P KYC-free!

Starve the State!

Seperate money and State!

Don't fall for the traps!

#DontRiskItBisqIt

#KYCNotMe

Rand 7mo ago

#selfsov} separate*/*A C C E L E R A T E*****]>

Liberty Farmer 7mo ago

Fantastic, however it is 2025, and Bitcoin is not cap gains free nor the global standard. The dollar and/or fiat will always exist. Not saying we don't eventually get no cap gains for under XX amount, but we aren't there.

I realize all places globally and within the US, people have different buying, stacking, ownership levels, but it is laughable to me to think that bisq can handle any reasonable amount of Bitcoin in a safe, untrusted way.

There isn't anywhere close to the liquidity needed for many of my needs.

There also isn't a good way to buy it en masse. Cash on the street? Or mail? Yeah, fuck that. Zelle? That's KYC. Revolut? Not really for the USs, and also kyc. Amazon gift cards? Lol, sure.

What do you propose to fix this?

Ape Mithrandir 7mo ago

Bisq is good enough liquidity for many plebs.

Doing $2-4k a month P2P is feasible. Is it as easy as Strike? Of course not.

I don't normally get dragged into back and forths with people online. It is not productive.

I believe we agree much more than we disagree, so take that into account when reading and responding.

Should you be spending your time and energy arguing against purchasing Bitcoin P2P? Sure, arguments can be made against it but leave that work to the SDNY.

LysanderSpoonerWasRight 7mo ago

True, happened a few times to me at TD Ameritrade. Options trading. I was winning - or so I thought. They have myriad ways of killing your winning trade in favor of the whales..only the naive or inexperienced can deny this.

2Pac 7mo ago

False. At 70% LTV you get margin called at 80% liquidation.

Liberty Farmer 7mo ago

FYI, strike also charged virtually nothing to buy and sell Bitcoin. Not sure how a liquidation sale would be charged though.

Liberty Farmer 7mo ago

*charges

ESE 7mo ago

“He bought, domp eeet.”

Kevin Alfred Strom 7mo ago

Interesting scenario. I'm not at all convinced that Mallers is thinking along such lines -- but you can bet that somebody is.

nostr:nevent1qvzqqqqqqypzptpldtlpwkflvxqs2y76exs7238g0wwwjxe86dac3mzclw4fq992qqstugmxjn99qf8rpzcz29zakga36cds53kpv7ckjg9wyq5zerrakwglxvndl

Syd 💎 7mo ago

I enjoy this paranoia

Skipper 7mo ago

Never, never use leverage or lend your btc

Mike Dilger ☑️ 7mo ago

Never loan out your chainsaw, your wife, or your bitcoin.

‎לופֿטמענטש 7mo ago

... and your WiFi to a friend. You'll lose friend.

🤣

TeslaLiberty 7mo ago

How about you never lend more 10% of your stack ?

Ape Mithrandir 7mo ago

What is the min collateral requirement? Are you saying don't give up custody for more than 10% of your stack or borrow a fiat amount equal to 10% of your stack.

In the first instance you might only borrow 4% vs giving up custody of 10% keeping the 6% as collateral against liquidation.

In the second instance you borrow 10% and give up custody of 25% using the 15% as collateral.

Both cases if the price drops 60% the Bitcoin you gave up custody of gets liquidated and used to pay back the loan.

2Pac 7mo ago

nostr:note1wrcrxdcs98769jgxa9h5rujsp4cg5qlwdg2kyq2lzxgd6sk2sqkqm0cx6g

DeathOnTheStairs 7mo ago

💯

The suits want the plebs corn… and they’re using lovely young, Jack to rug!

https://x.com/simondixontwitt/status/1915067925653868921

0xD43m0n 7mo ago 💬 1

As always, fuck Mallers and Strike, also Fuck Saylor

JoePie 7mo ago 💬 1

Looks like somebody didn't eat their cereal this morning!

0xD43m0n 7mo ago

I didn't, I am fasting 🥺

Thunor 7mo ago

Great summary by SimplifiedPrivacy here. Worthy of many more re-posts.

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MoneRogue 7mo ago

I translated this note so my 5-year-old nephew can understand it when I teach him about BTC in the future.

---

**How People Can Trick You Into Losing Your Bitcoin:**

1. Some big companies and secret groups say, “Hey! Put your Bitcoin in our money app! It’s safe, we promise!”

2. The app gives you regular money to spend, but only if you give them your Bitcoin first. Now, your Bitcoin is kind of stuck, and you owe them.

3. Then, those same groups make up scary news on TV and the internet to make people panic.

4. Everyone starts selling their Bitcoin really fast. The price drops, and the app sells your Bitcoin without asking, just to pay themselves back.

5. After that, those big groups buy the cheap Bitcoin and make it go back up. They win, and you lose.

**In the end:**

* You have no Bitcoin.

* You still owe money.

* You lost your privacy.

* You paid fees.

* You paid interest.

* The idea of using Bitcoin just between friends is gone.

This is why some people think that new apps like this aren’t really helping — they’re just making the old money system come back again, where only big banks win.

---

nostr:nevent1qqstugmxjn99qf8rpzcz29zakga36cds53kpv7ckjg9wyq5zerrakwgpg3mhxw309ahhsarjv3jhvctkxc685d35093rw7pkwf4xwdrww3a8z6ngv4jx6dtzx4ax5ut4d36kw6mwdpa8ydpkdeunyutzv9jzummwd9hkutczyzkr76h7zavn7cvpq5fa4jdpu4zws7uuaydj05mm3rk937a2jq225qcyqqqqqqgza8yvs

Cincy 7mo ago

probably not, but i’d rather see this type of extreme paranoia than extreme apathy

Soul Reaver 7mo ago

How many times do we need to tap the whitepaper.

Hazey 7mo ago

Sadly, for most individuals who take on debt, the outcome is some variation of this. On the plus side, it's usually not all of their money.

Bitcoin Nora 7mo ago

Followed

frphank 7mo ago

Not clear to me what Strike is offering. Instead of borrowing $75,000 with $150,000 worth of Bitcoin in collateral why not just sell $75,000 worth of Bitcoin for fiat?

SimplifiedPrivacy.com 7mo ago

yeah. and IF POSSIBLE, buy whatever in bitcoin. If not then obviously what you said.

good to see you again bro

frphank 7mo ago

Just to clarify I don't recommend owning any Bitcoin in the first place.