@jack mallers is a fraud. Lending bitcoin is a bitcoin Ponzi scheme. It’s legal by law but it kills the Bitcoin network: If you hold bitcoin but spend cash - you are stealing value from the network and propping up the dollar. Strike requires new customers to profit from business but it also requires price to go up and extracts value from bitcoin for cash. Its treating it as a store of value because he know people fear taxes. It’s a zero sum game that will eventually collapse - if it doesn’t Bitcoin will fail. It’s inherently against Satoshi’s vision and is allowing for the Fed to thrive and Bitcoin to tank. Spending Bitcoin is the only way to network adoption and it can’t happen if there are ways to avoid it and turn it into a personal Ponzi/ solely a store of value. People can’t avoid risk and Mallers exploits that for fiat money. Fuck these influencers. Not real bitcoiners.

Replies (3)

5D Sasquatch's avatar
5D Sasquatch 2 weeks ago
Interesting. Making me rethink my strike account. I don't use their loans but I do use their direct deposit. What service with direct deposit might you recommend?
Kendy's avatar
Kendy 2 weeks ago
Solid point but I’m going to continue borrowing against appreciating assets to increase my families purchasing power. Fuck your assumption that you have authority to define real bitcoiners. Nobody does. Bitcoin doesn’t care.