2 year term is novel and exciting, but 15%+ interest is still so crazy to me. clearly no one has yet successfully bridged the private credit dollar supply over to bitcoin backed loans. there's a gigantic opportunity for some tradfi credit folks to capture a billion plus market of bitcoin backed loans with pretty much zero credit risk. expect rates to trend towards SOFR plus 400 or less this cycle. and whoever figures this out and gets to market first is going to make an incredible amount of money. Tether / Cantor seem likely leaders, but haven't seen anything since Lutnick's announcement at the conference last year.

Bitcoin (BTC)-Backed Lending Service Introduced by Onramp

The new lending product allows Bitcoin holders to access liquidity without selling their assets.

watching nation states panic sell will be interesting

one man's cost of capital is another man's investment rate of return

how long should we expect support for pixel tablet 11? @MetropleX [GrapheneOS] ⚡🟣 @GrapheneOS

asking for a cover letter is a surefire way to filter out the best candidates. good resumes speak for themselves and high caliber talent is not going to waste their time trying to convince you to be interested in them

that didn't take long. painful reminder the main function of government is murder. doesn't matter if it's Republican or Democrat.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

interesting that "CapEx may be way lower than expected" is driving the market down, not up

bitcoin acting pretty uncorrelated this morning. AI CapEx being orders of magnitude lower than expected if DeepSeek's training is as disruptive as advertised means the AI bubble is popping, while bitcoin is being seen as the place to be to capture all this deflation

I helped some folks recover some inherited crypto recently. their loved one got into crypto during the 2017 cycle. I assumed I'd find some bitcoin, and then some other shitcoins. surprised to only find mostly ripple, eth, litecoin, and a handful of other shitcoins. I will keep searching but sad to see 0 BTC. I looked through some old exchange history and a bitcoin only strategy wouldve likely meant recovering 10-20x the value

ask anyone promoting "blockchain" for any use case other than open, distributed, censorship-resistant sound money, and you'll quickly find that they have no idea what they are talking about

would be a fitting scenario this cycle that we finally remove cap gains treatment but only for shitcoins

bitcoin meetups get me fired up. bullish on bitcoiners

influencers can't explain bitcoin backed lending without using the word pristine. it's a law of nature

Ross should sue to get his coins back

becoming a broken record in social gatherings with my "do you think that might be because the money is broken?" response to most complaints and observations about that state of the world

cheers from parts unknown

another name for Instagram

every time I go to post about something we're up to in our personal lives, I hesitate for privacy concerns

dope, thanks @strike