I had a cash emergency pop up when the buyer of our condo couldn’t get a clear to close from some third rate mortgage company he decided to use. At the same time, we had a contract on a new home that we were purchasing that was supposed to close after that sale, but now we were in a position where we could either close on the new home without the cash from our condo sale, or lose the home back to the market. We decided to close on the home, but it required borrowing cash against our Bitcoin for 3 weeks, or selling our Bitcoin. We decided on a very low LTV and borrowed via @npub1ex7m...vyt9 . I will admit, that I didn’t love the scenario, but the ease of the process and the team at Strike were incredible throughout. They even let us close our loan early when the condo sale finally happened. I can’t say enough good things about the Strike loan product. Sadly, sometimes Fiat gets in the way of life. Thanks to @jack mallers and team for building a tool to bridge the two worlds. This is not an endorsement of borrowing against your #bitcoin . Frankly, I recommend against it. However, it was the best option for us at the time, and props where props are due for the incredible product and service offered.

A guy who wiped his phone at an airport was detained, and law enforcement putatively had the right to go through his phone because of a made up kiddie porn allegation. Meanwhile the entire Epstein class was endlessly involved in underage sex stuff and not one ounce of energy is being expended on any of them. This system is NGMI. No one under 60 believes any of the charade.

I forgot just how cringe this was. 8,000 layers of cringe. View quoted note →

Every #bitcoin “addition” to a DATs balance is some lesser amount of bitcoin purchased than if the investors just bought the bitcoin themselves.

Do yourself a favor and watch on @IndeeHub . It’s worth giving some value for watching this one. View quoted note →

Did the miners take a long weekend? What is with these block times?

So the Iranians will drone bomb oil tankers, but not the U.S. blockade sitting 27 feet away. View quoted note →

Election fraud could be the best PsyOp of all time. None of it matters and they have people at each other’s throats swearing how much they matter. Really the perfect op. View quoted note →

Ribeyes. #foodstr

Over 2,000 ppm on the Aranet and a smoke cloud outside that is visibly moving through the air. Not sure what the correct move here is.

Figured I would share this story here because it is just so ridiculous. Happy 4th everyone, and be glad you weren’t and aren’t me. Just spent $3k to have a bunch of stuff done to our car and coming home last night, someone was coming out of the alley when we were trying to go down it. So we went in reverse to let them out, then went to put the car back in drive and it got locked in neutral. Absolutely nothing was working. Had to push the car through the alley where the sewer was backed up and overflowing. Completely soaked feet. Tried some ChatGPT troubleshooting for close to an hour. Nothing. Then the sky completely opens up. Massive thunderstorm. Trying to get the toolbag and the car seat into our garage in a deluge. Finally call the tow service with my insurance. Obviously July 3rd in a monsoon wasn’t exactly a ten minute ordeal. End up waiting in my garage for the guy for almost an hour. Meanwhile our building sewer starts to back up and water starts flooding everywhere in the garage and hallway and starts running into the stairwell. Half our house is in cardboard boxes in there. So I start scrambling to get plastic bins on the bottom and boxes up a flight of stairs. Tow guy shows up in the middle of that. Have to help him load the thing in while it’s pouring. It’s dark and pouring so you can’t really see that the alley is totally flooded. Guy steps out of his truck into the alley backed up sewer water in his Jordans and starts going nuts. Finally get the car out and have it sent to the place that did all the work on my car. Then I had to go back and finish moving the boxes. It’s just sitting at the shop and I have zero clue what’s next.

How to completely torpedo something great because of pure, unadulterated greed. Counterparty risk extends far beyond just holding the claim on on asset. MSTR will almost assuredly “survive” when the Bitcoin price goes back up, but they completely rugged their investors, straight up lied to them many times over, and the promises of what could have been will never materialize with this structure embedded in the company. There is no way to fully optimize each stakeholder’s position. The most screwed are the common stockholders as they suffer the pain of dilution and decreasing share price when BTC is sold to fund things. It’s actually quite sad to witness. View quoted note →