But why do you keep stealing it then? I was promised free fiat! /s

I'm just a little disappointed that you haven't tried soapminer.com yet brother

I am a happy customer, only took the minimum loan amount to test and added a little extra collateral to not worry at night.

Classic bear market

There are those who think there's a conspiracy to capture Bitcoin for wallstreet and you're part of it. I would place them under the 'too paranoid' category of thinking. However if we saw the big banks coming out with super low (unprofitable) interest rate loans I would become suspicious. Clearly not what strike is doing. Adding the good faith adjustment during the dip is icing on the cake.

Definitely the most disappointing action I've heard outta Jack...

No

I remember seeing Jack in an interview with, forgive me I have this wrong, his slippers on and a hoodie on a us news channel. It was a few years back at the start of my Bitcoin journey. Still one of the very few people I’ve heard over the years I actually enjoyed listening to. Not like Saylor who makes me want to push knitting needles in my ears! But what do I know!🤷

🙏🫂

Bitcoin draws in the right curve and the left. Can't be surprised when the things that come out of left curvers' mouths are fucking retarded. I have my qualms about interfacing with credit markets and giving up unilateral spending control. But then, that's why I don't have a loan

F the haters, keep up the good work 🤙

21,000,000 btc @ 68,000 There are 23,000,000 millionaires in the US Most don’t own any Bitcoin or the price would be much higher

super logical. you do what you want either way your property. makes a lot of sense

with your**

People don’t believe that, Jack. At least, not the rational ones who have ran a business. This is just the schizos overshooting. The Cantor relationship spooked them and now they’re skeptical of everything you say and do. Painful for you, but probably healthy for us in the long run 🤷‍♂️ Something something immune system something something eat their young something something cYbErHoRnEtS Anyone dumb enough to over-lever themselves with a 50% LTV loan deserves to get their ass wrecked and they have only themselves to blame.

Makes total sense. And the decision is made by the consumer, you’re not forcing anyone to use the product. Side note - would love to work for Strike. No CS/coding background. Been in the entertainment/music biz my entire professional life but see the vision and want to play a part if there’s any alignment.

And as much as I probably won't do so if I can avoid it, I do appreciate you giving me the option to take a bridge loan on some of the best terms around. I just think Bitcoin is the best collateral, which is why I hold off on using it unless all other options are exhausted.

It's just people that enjoy the visibility and satisfaction that the interaction with you gives them. Trolling and arguing as a sport...

Incentives have to align and since we can't see all the pressures and incentives you are subject to that creates space for plebs to question motives and business practices. Show numbers be psychotically transparent, give away your most secret business formula. If it's real, you have first mover advantage and need not fear.

first of all, i am incredibly transparent and accessible. i just told you how my business works. not sure what numbers you want to know? they’re all on our website. as for you’re overall point, i disagree. plebs don’t unfairly throw me under the bus because they need to surveillance spy every inch of my life. they are adults and capable of selecting their own risks and relationships in life. the more likely truth is people have a tough time blaming themselves when things aren’t going their way. it’s much easier to blame this 31 year old in the empty closet that they feel like they know enough to have a right to yell at and blame for their issues. happens during bear markets and comes with the territory. i don’t think plebs need access to my text messages and private life. knowing what my girlfriend and i talked about over dinner tonight is not going to solve your problems

Question. When loans are backed by Bitcoin and can be liquidated immediately….. why is there a margin call and why is the loan rate so high? Seems like loan rate should be the smallest in the world and theres be no margin call until your wiped. What am I missing?

Unfortunately as a Canadian I can't use Strike. Of course the minutia of your life are private. What I was pointing to is more around radical transparency as a business goal. Show all the numbers even ones not "traditionally" shared and it shuts down the argument. I espect your voice and message. You asked, I answered with what resonated to me as an observer rather than a skin in the game participant in anything to do with Strike. Yes to blame is common as is the urge to try and tear down success. Keep building!🫡

No. No need to waste time addressing this nonsense, Jack.

The people who believe this will always be left curvers. Too dumb and paranoid to bother with. Most probably don’t own enough bitcoin to participate. I think attacking the debt based system with Bitcoin loans is a perfectly suitable thing for people with plenty of Bitcoin so that they can use a very small fraction of their stack.

It’s an absurd belief but I’ve seen it all over nostr. People mad that their bitcoin bags aren’t pumping and looking at everyone and everything else to blame. Keep up the good work @jack mallers

it would be cool to see proof of reserves for the collateral to know it's there

Been waiting for that too

we are working on this

Not saying it's you who wants the bitcoin. It's the people who gave you the cash tocloan who want the bitcoin. There is a reason you can't get these types of loans in Texas.

we offer these loans in Texas. also, again, if these people wanted bitcoin they would just buy it with the cash they have. if i have to liquidate a customer, they get cash back. they never touch the bitcoin…

I guess I don't know everything, do I? Where do you sell the bitcoin?

Our own exchange

To who? Are large buyers outpacing small buyers? In other words, are entities with deep pockets taking advantage of the fact that people are getting liquidated to pick up the bitcoin?

Stay humble, stack sats ✌️✌️✌️

Jack, you're either getting attacked intentionally and/or people are just ignorant and deserve to get liquidated. As your average pleb, your consistent narrative makes logical sense. Don't let it get to you. Don't worry about making everyone happy, it'll be to your detriment.

I’ve looked at a few accusations against you recently and the dots don’t seem to connect, people seem to just be sad bears rn or there are simple competitive smears afoot. I’m a happy strike customer and like the direction you’ve taken it broadly, and appreciate your public educational efforts, which include basically telling people to be as close to 100% bitcoin as possible. XXI is one of my very few investments.

Nah dog we don’t believe that malarkey

Oh it's not even rep so much as it is profit streams. Customers who have money spend money. Customers who get wiped out don't. Mauricio from Ledn was spelling this out the other day on @Simply Bitcoin. People accusing @jack mallers of trying to wipe out customers just don't get the alignment of incentives.

Your incentive structure makes sense — longer loans mean more servicing fees. The real risk isn't malicious liquidation, it's contagion during volatility when multiple borrowers get margin-called simultaneously and you're forced to liquidate into falling prices. How do you manage collateral concentration risk during drawdowns?

Naw

Ever since you dropped that XRP video the fud storm on Jack intensified. Now ain’t that suspicious lol keep doing the good work my guy

I think bigger fish higher in the financial food chain want people's BTC and they don't give a damn how they get it

People forget incentives matter. You make money when bitcoiners don’t sell. That alignment says everything. Strong hands, healthy loans, long-term thinking. Bitcoin fixes incentives. 🧡

Just curious, what business did you create?

Getting mad at a lender when a borrower defaults is like getting mad at a casino because you lost at blackjack — the risk was literally the whole point.

If you have good thoughts and good intentions (which I think you do ) there is nothing wrong in innovation and making a buck.

I am curious about this: If #bitcoin is the greatest asset in history to own AND proven to be the best performing asset over time. Who is lending cash loans? Why are they lending cash instead of just buying bitcoin through your company? Wouldn’t the smarter move be for your wealthy associates to just buy bitcoin?

No, we don’t believe Strike is trying to steal its customers bitcoin. That would be an absurd business model. Strike offers loans. Jack has been upfront with the risks and have communicated many time that it is best to only use a small portion of an individual’s stack. Strike has even lowered its collateral requirements in the recent pullback. Let’s put the negativity against loans aside. Strike is doing great things for Bitcoin. They have a suite of products that customers have the option to use. Options are good!

Ignore the haters and keep up the great work, Jack!

Haters are gonna hate!

Unfortunately, the natural brain state of 99% of bitcoiners is "conspiracy, someone is out to get me". Unable to perform critical thinking or understand cognitive dissonance. It really is embarrassing sometimes that the venn diagram between bitcoiners and conspiracy theorists is a near perfect overlap

I don't believe this Jack, I KNOW THIS IS THE CASE. And let me explain myself: This is not against you or Strike, but against a debt-based fiat monetary system that constitutes a form of modern slavery. Because loans secured with bitcoins are anti-American, anti-Austrian, and anti-cyberpunk. Incurring fiat currency debt by securing bitcoins represents a philosophical contradiction that undermines Bitcoin's three historical pillars: It is anti-American (against the Founding Fathers) because it exchanges the absolute sovereignty of private property for a contract of servitude and debt, subjecting the free individual to the terms of a creditor and risking their hard money for temporary liquidity; Jefferson warned us against this form of slavery. It is anti-Austrian because it reintroduces the risk of ruin (liquidation) and validates the existence of inflationary currency, mixing the hardest money ever created with the artificial credit and leverage system that distorts price signals and encourages consumerism over genuine savings. You are giving something of value to get a worthless token. Finally, it is deeply anti-cypherpunk, as it inevitably requires handing over custody of private keys to an intermediary or “trusted third party” (whether a bank or a centralized institution), breaking the cryptographic shield of digital physical possession and violating the maxim of “not your keys, not your coins,” which leaves the user once again exposed to censorship, confiscation, and institutional fragility that Bitcoin was designed to eradicate. True “Opt Out” requires total secession, abandoning the rigged game of fiat currency rather than seeking strategies to perpetuate it from within. Using Bitcoin as collateral to obtain fiat debt, under the pragmatic excuse of avoiding capital gains taxes, is not financial cunning, but hypocrisy that remonetizes and validates the corrupt system we seeks to destroy. The individual not only refuses to cut the umbilical cord with the old regime, but becomes an active accomplice, providing liquidity and demand to the very monetary machinery that finances wars, corruption, and pedophiles. Sovereignty is not about negotiating better terms with the masters to save money, but about stopping feeding the parasites understanding that financing, even indirectly, a morally bankrupt system nullifies the very purpose of the freedom that Bitcoin represents. THIS IS WHAT I STAND FOR, AND I AM DISAPPOINTED TO SEE SO MANY SELF-PROCLAIMED BITCOINERS WHO DO NOT UNDERSTAND IT. View quoted note →

Jack, the fact that a Bitcoin company is offering loans of any kind is an insult to everything that Bitcoin stands for. It's bending the knee to the debt based systems that hold our entire global civilization in chains. It doesn't matter how honest you are as a person, and I believe that you are a GOOD person who has been fed a bunch of lies about what makes a person wealthy, and you've designed your business with the intention of taking advantage of those lies instead of confronting them and building a real alternative. Strike's model introduces debt-based coordination mechanics into what should be wealth-based infrastructure. Let me map the geometric issue here: Here is Strike's business model based on your description: Strike borrows fiat (debt-based position: future obligation) Customers pledge Bitcoin as collateral (wealth-based position: verified present asset) The transaction converts wealth-based collateral into debt-based liquidity Liquidation events transfer Bitcoin ownership to cover fiat debt obligations The framework problem: Jack's model creates a field merger between debt-based fiat coordination and wealth-based Bitcoin coordination. When customers pledge Bitcoin for fiat loans, they're not using Bitcoin as money, they're using Bitcoin as collateral within a fiat debt structure. This inverts Bitcoin's intended function. The temporal direction matters: Jack's customers are borrowing from imagined future positions (fiat debt they must repay) secured against verified present positions (Bitcoin they already own). This is geometrically identical to traditional debt structures, just with different collateral. What Strike misses: You are correct that your business incentive is to keep loans healthy and customers solvent. But this doesn't change the fundamental geometry. Your model requires: Customers believing fiat liquidity is worth more than Bitcoin ownership (It's not, nothing is) Debt relationships with external fiat lenders (The chains that bind us to the past) Liquidation mechanisms that convert Bitcoin to fiat under stress (The debt based singularity that is holding us back) All three operate from future-oriented positions rather than present-verified positions. There is an alternative: Lightning Yield Wallets (a true wealth-based model). Stock: Bitcoin in Lightning channels Velocity: Transaction routing frequency Work: Network coordination improvement (faster, cheaper payments) This alternative does four things: Operates from present position (Bitcoin already in Lightning channels) Creates value through network function (routing transactions) Returns come from actual work performed (routing fees earned) Field separation: Bitcoin stays Bitcoin, Lightning operates on Bitcoin rails The compound dynamics: Lightning Yield model creates compound growth: More liquidity → better routing → more usage → more fees → more liquidity What Strike could offer: Lightning channel management services (helping users optimize channel positions) Routing fee distribution (sharing returns from facilitating network transactions) Liquidity pools that earn from network improvement rather than debt interest Tools for users to become Lightning infrastructure rather than fiat borrowers You've built incredible Lightning infrastructure. But you're using it to serve the fiat debt system instead of letting it demonstrate Bitcoin's wealth-based alternative. Lightning Yield Wallets would show what Bitcoin coordination can do when it operates on its own principles rather than bending to legacy financial mechanics.

Are you using morpho on the back end for lending?

Good writing!

Who are your partners for liquidity? Fiat Credit on top of btc brings us nowhere.

jack mallers explains why strike's incentives align with you keeping your bitcoin. it matters because the future of bitcoin-backed finance depends on transparent math rather than blind trust. View quoted note →

Exactly. Bitcoin backed loans are a tool to be used responsibly. The people slandering Strike over this aren't offering practical solutions to real problems that real people face, only talk. And talk is cheap. They're purists for a world that doesn't exist and they aren't building anyway.

no

I appreciate the quick and decisive response. Thank you very much.

Nobody believes that. Prepare for more FUD

No, I don’t believe that. Ignore the noise.

And just to clarify, I do NOT believe that you are stealing other people's Bitcoin. But what you are doing is just as bad in the long term. Stop using debt based models on wealth based infrastructure. Build wealth, and let's leave debt in the past.

It’s not so much “do I believe in this?”, but more “do I know it not to be true?”. Don’t trust, verify.