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Always a lurker; never a poster. Here to read and stay learned.

@Strike You’re just telling us this so we have to buy more to see it 😆

We shipped a new animation when you buy bitcoin on iOS and Android. Small detail, big difference. Buying bitcoin on Strike has never felt better.

A great week of UX improvements at Strike. Smoother buying, easier privacy, simpler lending. Every detail matters when our customers manage their money on Strike. Here's what shipped 🧵

@Strike @IAmBaeWater @tbone8ty Please lower Alaska minimum!

@IAmBaeWater @tbone8ty Thanks for the feedback! What state are you based in?

We announced Strike Lending exactly one year ago today. Since then, we: - Lowered rates twice - Launched Bitcoin Line of Credit - Secured thousands of unsold BTC as collateral - Helped bitcoin holders in 27 countries - Landed a $2.1B credit facility What should we build next?

@WubbaBtc @jackmallers @GermCrypto But, XXI is gonna buy BTC… Your argument is saying that XXI is gonna use their cashflow to hoard fiat instead of buying, but it’s gonna be used to service the capital costs of buying. If cashflow > debt service, then they’ll be able to buy even more.

We can debate on whether cash flow from a traditional operating activity is required to service cost of capital. That is not what I am debating. I am posing the thought problem that at some point the marginal increase in cash flow per dollar invested could be lower than btc ARR. At that point is it superior to just buying BTC?

Difference between $MSTR and $XXI coms is basically.. one will sell stock and bitcoin to pay its liabilities. The other will use cashflow and loan interest to grow its bitcoin. Cashflow matters, @jackmallers be the hero.

@WubbaBtc @jackmallers @GermCrypto My dude. XXI is gonna buy BTC, but they need a way to “service the cost of capital” (interest payments, dividend issuance, actual purchases, etc.). He’s saying XXI wants cashflow in order to service that cost. Saylor said yesterday he’s gonna sell BTC to service their cost.

But if your cash flow strategy has an ROI below BTC ARR, isnt buying BTC better? That is Saylor's thesis. And for the record im not saying your cash flow operations can't be profitable but there is definitely a ceiling where your marginal return is no longer that of BTC ARR. So where do you go from there ?

@GasBuddyGuy Any way us lowly plebs can look up this data ourselves, or is this all your backend access?

just wow. 🤣🤣🤣

LOL WHAT? EVERY SINGLE STATE IS HIGHER

@River @halstonvalencia Lake. Pond. Stream. Creek. Canyon. Estuary. Channel. Inlet. Bay. Am I missing one?

@halstonvalencia Bridges typically go over a...

The world needs on-ramps, which means meeting fiat where it lives, and building the bridge.

@APompliano Bitcoin, not crypto. @River @Strike @Swan

The Financial Times is reporting that Iran wants $1 per barrel of oil passing through the Strait of Hormuz. But they don’t want dollars or euros. They want to be paid in crypto. If that isn’t a sign of the future, I am not sure what else would be.

@LukeGromen @LukeDavisgrey May I ask what you are considering “essentials” in this case?

@LukeDavisgrey Yeah, i've begun stocking up on essentials & making sure my loved ones have done the same. Just in case.

Keep Hormuz closed long enough and it is a mathematical and logistical certainty. The only debate is "How long is 'long enough' to make that happen?"

The Stages of Becoming Orange-Pilled Stage One: You're Sleeping You're comfortable. You have a job. A 401k. You believe in "the economy." You think the Federal Reserve is boring but necessary, like flossing or C-SPAN. You're saving money. By which I mean: you're watching your purchasing power evaporate in real-time while calling it "being responsible." You are a debt slave who hasn't checked the chains yet. Someone mentions Bitcoin at a party. You laugh. "That thing criminals use?" you say. "That internet money that crashed?" Everyone nods. You all agree. Bitcoin is ridiculous. You go back to discussing your mortgage - 30 years of indentured servitude at 6.5% interest that you celebrate like Stockholm syndrome. The system has you. And you don't even know it. Stage Two: The Itch Something doesn't add up. Why do houses cost ten times what they cost when your parents bought theirs? Why does your salary sound impressive until you try to buy anything? Why can BlackRock afford to buy every house in America but you can't afford one? You start noticing things. The money printer memes. The inflation rates that don't match your grocery bill. The billionaires getting bailouts while you get budgeting advice. Bitcoin keeps appearing. In headlines. In conversations. Like a splinter in your mind. Like the Matrix glitching. You buy $100 worth as a joke. To say you did it. To see what happens. The price immediately drops 30%. Welcome to the fucking arena. Stage Three: The Rabbit Hole You were just going to check the price. Just a quick look. That was six hours ago. Now you're watching a video about the Byzantine Generals Problem. Now you understand what "proof of work" means. Now you're reading the white paper - nine pages that explain how to trust math instead of men - and something in your chest cracks open. You realize: Every economics class you took was a lie. Every financial advisor was selling you slavery with extra steps. The entire monetary system is just confidence game wrapped in acronyms. You're angry. So fucking angry. You buy more Bitcoin. Not because the price is going up. Because you've seen the truth and you can't afford not to. Your friends are worried. Your spouse is asking questions. You're trying to explain that money isn't real but also it's the most real thing and Bitcoin is the only honest ledger in a world of lies and.... ...you sound insane. You know you sound insane. But you also know you're right. Stage Four: The Zealot You are insufferable. Every conversation becomes about Bitcoin. Your family dreads Thanksgiving. Your coworkers avoid the break room when you're there. You've memorized Saylor's speeches. You quote Satoshi like scripture. You see fiat debasement everywhere. In the shrinking candy bars, the subscription fees, the way your parents' generation bought houses on single incomes and now you need three jobs to rent a studio. You calculate everything in sats. You experience physical pain watching people "invest" in bonds yielding 3% while inflation runs at 7%. You want to grab strangers and shake them: DON'T YOU SEE? THE WHOLE THING IS A SCAM. You go through bear markets like Christ in the desert. 80% drops that would make normal investors vomit. But you? You're dollar-cost-averaging. You're stacking sats. You're buying the dip with money you shouldn't be spending because you've calculated that in 2035 this will seem cheap and your only regret will be not buying more. Your conviction is unshakeable. Your portfolio is red. Your family intervention is scheduled for next Tuesday. Stage Five: The Plateau The mania subsides. Not the belief - that's permanent now - but the need to convince everyone. You realize: They have to find it themselves. The orange pill can't be forced down someone's throat. It has to be swallowed willingly. You stop checking the price every hour. Then every day. Then every week. You understand now: Bitcoin doesn't care about your attention. Bitcoin doesn't care about anything. It just produces blocks every ten minutes like the universe's most reliable heartbeat. You set up your cold storage. You run a node. You become part of the infrastructure. You're not investing anymore. You're participating in the future of money. The volatility doesn't scare you. You've seen Bitcoin "die" 400 times in headlines. You've watched it resurrect itself while the dollar dies slowly, quietly, by design. You're calm now. Eerily calm. Because you've done the math and the math doesn't lie. Stage Six: The Acceptance You stop measuring your Bitcoin in dollars. That's the final step. That's enlightenment. Because denominating your Bitcoin in dollars is like measuring the sun's brightness using a candle. You understand now: You're not getting rich. The money is getting poor. Bitcoin isn't going up. Everything else is going down. The dollar is the shitcoin. It always was. You've become time-preference incarnate. Low time preference like a sequoia. Like a glacier. You're thinking in decades now. In halvings. In generations. While everyone else is playing checkers with their paychecks, you're playing 4D chess with your bloodline's financial sovereignty. You don't talk about Bitcoin much anymore. When people ask, you share. When they don't, you stack. You've realized the greatest gift you can give someone is not to convince them about Bitcoin, but to be there when they're ready to ask. Stage Seven: The Becoming Here's the secret they don't tell you: Bitcoin changes you in ways that have nothing to do with money. You learn patience. You learn to do your own research. You learn to verify instead of trust. You learn that the majority is often wrong and being early feels exactly like being wrong until suddenly it doesn't. You become ungovernable. Not in an angry way. In a quiet, competent, self-sovereign way. You stop asking permission. You stop waiting for institutions to save you. You save yourself. The journey isn't about getting rich quick. It never was. It's about getting free slowly. It's about opting out of a system that was designed to extract your life force one paycheck at a time and opting into a network that runs on mathematics instead of manipulation. The Truth You are not the same person who bought that first $100 of Bitcoin. That person is dead. They died the moment they understood that scarcity is real and the emperors have no clothes. What remains is someone who's tasted financial sovereignty and can never go back to believing in fairy tales about stable coins printed by unstable governments. The journey never ends. Bitcoin is always ten years away from changing everything and always has been. But you? You're already changed. You've seen the future. And the future is ₿.

@jackmallers @NYSE Yooo @jackmallers want to bet 21,000 sats on this weekend’s Bears vs Packers game? Go Pack Go!

Game on. See you at the @NYSE on Tuesday. #Bitcoin

@Honors_btc @dotkrueger @Chase @Strike Yooo @jackmallers this is crazy. Further explains why the suits kicked you out.

This is a great essay on Trump's battle to move the center of gravity away from the Banking system and the Fed and towards Stablecoins, Bitcoin as a reserve assset and the Treasury in control. In summary: 1/ Right now the center of Power is the Federal Reserve and the Banking System. Together, they call the shots. JPM is at the apex of this 2/ Trump has always been at odds with that system (credit denied by all NY banks, etc..) and now with StableCoin bill he has a way to kneecap them. 3/ If he can get complete control of the Fed, it's over. Treasury now issues money directiy. He makes Stablecoins ubiquitous, and pushes Bitcoin as the reserve asset 4/ JPM is fighting back by trying to crush MSTR, Bitcoin and the new stabelcoin / crypto path. They are directly tightening margin rates, trying to cause crashes by pushing for exclusion in MSCI. etc.. 5/ This is shaping up to be a real battle which will play out over the next few months.

@jackmallers @Strike @CashApp Man of the people 🫡

@AKSubmariner @Strike @CashApp No, we allow a certain amount to be debited straight from a linked payment method.

When I founded @Strike, my vision for payments was simple: Move money the same way the internet moves information: open, cheap, instant, and global. Bitcoin and Lightning are the rails that make it possible. This week brings us closer to the future Bitcoin makes possible.

@jackmallers @Strike @CashApp @jackmallers If I want to pay someone with my USD via Lightning, do I have to add cash to my Strike account first?

As of this week, @Strike and @CashApp can settle cash payments with each other over Lightning. Dollars moving from customer to small business, and currencies moving across the world, using Bitcoin and Lightning instead of card networks, SWIFT, or banks. USD ↔⚡️↔ USD for small businesses. USD ↔⚡️↔ EUR/GBP/AUD/USDT across borders. Fast, cheap, with no intermediaries.

@jackmallers @milessuter @davidmarcus @umastandard Absolutely love this. Collaboration and a common desire to make a better Bitcoin world together.

100%. I became a founder because you guys already had a full roadmap. Who knows where I’d be if you took me up on the idea back then. I probably owe you a really nice Christmas gift buddy. Also, Strike was very early. Today, Lightning volume is a rounding error compared to our overall business. That’s not because I want it that way, but because the network and adoption just weren’t big enough yet. With what you guys are doing now, that could change fast. It’s a real example of the power of an open network and aligned energy. Your announcements will probably do more for our Lightning volume than anything I could’ve done on my own (and trust me, I’ve tried 😂)

Credit where credit is due, @jackmallers is 💯 the inventor of fiat ➔ ₿ ➔ fiat. He saw that before anyone else did. Without that insight @umastandard wouldn’t exist today.

@alaskalandmine May I ask where you got this press release? I haven’t found it anywhere other than from you. I’d like to make sure it’s real before I use it with my family. Thanks.

This may be one of the most cringe press releases ever. The people advising Crooked Adam Crum are really taking him for a ride! 🤡 #akleg

@jackmallersshow When you’re calling out all the timezones, please don’t forget about us Alaskan HODLers! We may be few, but we care!

Bitcoin All Time Highs: Here Comes The Money Printer x.com/i/broadcasts/1…

@joshgracer @OPTester_Chris The term "carbon fiber" about to trigger me for the rest of my above-sea-level days.

I am SHOCKED, SHOCKED I say, that the USCG does not have deep-sea underwater rescue missions as a part of their required operational capabilities! SHOCKED! Oh, wait... It's a Navy mission that is limited to rescue down to a maximum depth of 2000 feet of seawater (>600m).

@AK_OK @GovDunleavy @RepAndyJ I didn't see any announcement about HB 226... what happens now?

I'm working on candidate questionnaires, getting them ready for publication today. I'll also be speaking with @GovDunleavy. Keep an eye on HB 226, the state-employee pay-increase bill from @RepAndyJ; today's the deadline for @GovDunleavy to sign, veto or allow it. #akleg

Good morning, Alaska. Today's the start of early voting for Alaska's Aug. 16 special general US House election and the statewide primary. @LisaPhuAK has this interesting look at who might take the 4th spot in the top-4 race for U.S. Senate: alaskabeacon.com/2022/08/01/in-… #akleg #akelect