Replies (13)

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 mypathtofire@iris.to 7 months ago

So they want to scam the bigger fish?

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SuiGenerisJohn johnlaw@getalby.com 7 months ago

If you think loans are scams we don't have much to discuss.

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jamw jamw@primal.net 7 months ago

Indeed. It’s highly dependant on personal needs and situation as well as local tax laws such as CGT.

𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 mypathtofire@iris.to 7 months ago

I was just using your own terminology. I don't think 100% backed loans are scams. Printing up imaginary money for real hard assets are. Btw. Did you see the launch of THY recently?

Tee 7 months ago

These interest rates are insane, barely better than a credit card loan! Considering the liquidity of the underlying asset, and the level of collateral that's expected, I don't see how you'd justify these rates?! Btw, in some markets, you can already access Lombard loans with iShare or MSTR at much lower rates.

Deleted Account 7 months ago

So many garbage takes on Strikes product. Everyone seems to have the memory of a goldfish and forget that Unchained and others have been providing lending for a while now.

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paulo paulo@primal.net 7 months ago

It’s not a scam, it’s a scheme.

node node@nostr.land 7 months ago

Loans aren’t scams. They’re tools. Just like credit cards. Most (not everyone) use them wrong

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HolySats 7 months ago

Basically what firefish.io does for a while now (Europe)

SuiGenerisJohn johnlaw@getalby.com 7 months ago

I might need to take a break from nostr and the internet generally, the conversation landscape (at least my feed) is so negative without the core bullshit and crapping all over insitutions coming to bitcoin, etc., i'm really bored by all the noise generated by people pretending to be l33t cypherparnks or whatever.

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SuiGenerisJohn johnlaw@getalby.com 7 months ago

No disagreement here.

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node node@nostr.land 7 months ago

🤝

Deleted Account 7 months ago

Facts