{"type":"rich","version":"1.0","title":"jack mallers wrote","author_name":"jack mallers (npub1cn…g3vle)","author_url":"https://yabu.me/npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle","provider_name":"njump","provider_url":"https://yabu.me","html":"Some more color on the Line of Credit product we're rolling out:\n\nMost Bitcoin-backed credit today is structured as a 12-month term loan.\n\nThat product makes sense if you're financing something discrete:\n\n– a wedding\n– a home renovation\n– starting a business\n– a major life event\n\nYou take a chunk of capital upfront, lock in the term, and deploy it. We see this a lot.\n\nBut a 12-month loan doesn’t solve for something much more common: What's the best way for me to live on my bitcoins?\n\nIf you're not financing a large one-time expense, taking 12 months of capital all at once can sometimes increase risk.\n\nBecause Bitcoin is volatile. If you borrow a large amount upfront and the price drops significantly, your starting LTV might be 50%. Now you're stressing about margin calls, collateral top ups, etc. Many people actually don't use Bitcoin credit products for this exact reason.\n\nIf you didn’t need all that capital in the first place because you are just trying to pay normal bills,  that’s where a Line of Credit is different and extremely valuabke.\n\nWith a Line of Credit, you don’t take 12 months of capital on day one.\n\nYou draw what you need, when you need it. You pay interest only on what you draw.\n\nOn Strike, it acts as another payment method like a linked bank account. Have a bills to pay? Select your line of credit as your payment method.\n\nNow combine that with:\n\n– Direct Deposit\n– Bill Pay\n– Buying and saving in bitcoin\n\nHere’s what Strike enables:\n\nYou hold some portion of your savings in Bitcoin that you're comfortable with on Strike.\n\nA bill comes in: your mortgage, HOA, utilities, credit card, etc.\n\nInstead of selling Bitcoin (and triggering capital gains), you draw a small amount from your Line of Credit to cover the expense.\n\nIf your Bitcoin savings are substantial relative to your monthly expenses, your is not 50%, it's probably closer to 1%.\n\nCompletely different risk profile and allowing people to use bitcoin as an active savings account that benefits their everyday life!\n\nThen your paycheck hits via Direct Deposit.\n\nYou can:\n\n– Pay down the balance entirely\n– Pay it down partially\n– Or manage it however you choose\n\nYou’re dynamically financing your life against your savings instead of liquidating your savings.\n\nStrike enables you to own more BTC. Accumulate more than you otherwise would and sell less than you'd otherwise have to. That’s how you live on an appreciating asset without constantly selling it.\n\nThe 12-month term loan still has its place. It’s a great product for specific use cases.\n\nBut a Line of Credit turns Bitcoin from something you occasionally borrow against into something you can build a financial life around.\n\nDirect deposit.\nBill pay.\nBuy and hold bitcoin.\nLine of credit.\n\nAll in one place.\n\nStrike is starting to look like a bank account from the future. This is only the start of what will be a massive 2026 for us. Can't wait to get this to you guys. We are cooking!\nnostr:nevent1qqs2d9qs4v7ms69ffmrnz6js4a8yuquu6sqmcc9urax7u9wvl2jaa5qg9zugz"}