Michael Borglin

@RyanTheGentry 👋

Hold up, can my friends actually see my tweets now?!?

Nice seeing organic growth in @surge_credit this morning.

iOS Production v1.0.9 is live - we are now back live in production with both iOS and Android. iOS: apps.apple.com/us/app/surge-c… Android: play.google.com/store/apps/det… As always: refer only to our official channels and in-app messages. Stay away from any scams. Don't trust. Verify.

Surge Protocol — Week 11. 10.24 BTC locked. New all-time high, +29.6% W-o-W. Last week's dip was a customer exit. This week's high is new ones locking in. One more thing last week earned: our app authentication service had a brief outage. The protocol stayed up. Taproot vaults, untouched. Existing credit lines, functional. Surge protocol works irrespective of the front-end. That's the whole point of the two-layer architecture. An application that can go down. A protocol that doesn't. Audits continue. Heads-down. Don't trust. Verify.

We are @forkandcoin An American Izakaya & Supper Club in Portage Park, Chicago. A new take on the traditional public-house and grill, focusing on natural foods & strong community.

App authentication went down. Your Bitcoin didn't. The app became unusable. The protocol never blinked. No vaults touched, no funds affected, your BTC stayed in its Taproot vault the whole time. That's not luck. It's architecture. The app is just a window. The protocol lives on Bitcoin. @yash_belavadi and @michaelborglin break it all down in our new founders' take: the two-layer design, bring-your-own-key, Taproot vaults, BIP-110, and the DCN bridging Bitcoin and Base. Android is live in the store; iOS is on TestFlight while we clear review. Watch why an app outage never put a single sat at risk. 👇

The Android Production v1.0.9 is live - you can sign in again. iOS (TestFlight): testflight.apple.com/join/NKuxdPnc Android (Production): play.google.com/store/apps/det… Sign in there as you normally would. Everything else is unchanged - no funds or protocol functions were ever affected; this was a front-end issue only. The earn dashboard at earn.surge.credit has stayed live throughout. The production update for iOS is still in the review queue. This is likely to take several days. As always: refer only to our official channels and in-app messages. Stay away from any scams. Don't trust. Verify.

@CorySwan Yeah @surge_credit is not. We are building our own group of LPs. We are building Real non custodial credit lines.

Tether is the lending capital for Roxom, Strike, Anchorage, and Ledn. Any Bitcoin-backed lender out there that’s NOT a Tether distributor?

Bitcoin lending is getting a lot more interesting PBJ walks through @surge_credit’s new no-KYC, self-custody bitcoin line of credit - including the @PresidioBitcoin origin story, compelling UX & why its Taproot-based design is a big step forward for the space More on how Surge is reshaping bitcoin lending & what comes next ↓ Timestamps 0:00 - Surge backstory 1:14 - What is Surge 4:40 - User journey & experience 6:35 - How the bitcoin collateral works 12:23 - The oracle tradeoff 17:41 - Audits, risks, and remaining trust assumptions 24:20 - Surge's next big unlock

@HumDog64 @whoiss_josh Did ledn promise like 72 hours before liquidating or something?

@whoiss_josh Nothing what can I do except warn others...

A 1973 Wikileaks cable shows primary dealers explicitly planned to use gold futures volatility to "diminish initial demand for physical holding and negate long-term hoarding by US citizens." @chrismartenson reads it in black and white.

@BrissyBitcoiner 👋

If you are Bitcoiner and active on X I want to follow you.

@CieloBonit Which provider would you use and why?

Are we buying this Bitcoin dip? I might have to take out a loan if it gets down to the 50s because I know it can at least go back to 120K.

@2dogs1chic Curious what you think about @surge_credit's model. Newer of course.

Many say Bitcoin is too volatile to use as collateral. Bitcoin isn’t the problem. Bad loan terms are the problem. The lender just needs to design around the asset: Low LTV. High liquidation levels. Real-time monitoring. Overcollateralization. Clear margin calls. No rehypothecation games. Transparent rates. Enough borrower buffer for normal Bitcoin drawdowns. DeFi lending has already figured this out. Traditional lending has its own problems: Fed-distorted rates. Credit cycles. Gatekeepers. Slow settlement. Opaque terms. Banks lending freely in easy money, then pulling back when people need liquidity most. Bitcoin is volatile but volatility can be managed with honest loan design.

@0059BTC Can help on the liquidation price yet. But checkout @surge_credit on the custody bit.

Great time to load up.. so tempted to get a bitcoin backed loan but don’t want to give up custody or have a liquidation price

@LoganBitcoinDad Curious, where you got your loan and why?

Got my #bitcoin loan LTVs to 38,000 liquidation marks. I'll be ok Right ????? #btc

@hodlokeys @surge_credit Yes. After your message, I posted to the team internally. Post July we will also focus on integrating hardware keys. Teen you can bring your keys to the party with more comfort.

@michaelborglin @surge_credit If I lose or damage my phone, can I recover my account on a new device with just my email credentials?

Big breakdown of @surge_credit today. Love it.

@hodlokeys @surge_credit Yes! If you are using the secure enclave then yes, the key is stored in a TEE and is tied to your email address. If you brought your own keys, then you can recover that way.

This week at Surge 👇 We crossed 10 BTC locked. Not custodied, locked. Taproot vaults, unilateral exit, zero rehypothecation. Verifiable on-chain right now. 1️⃣ Mon: release notes, what we shipped 2️⃣ Tue: a deep dive on unilateral exit, the property that makes the rest possible 3️⃣ Wed: why unilateral exit matters to you as a borrower, not just in theory 4️⃣ Thu: 10 BTC, plus maintenance mode while we harden security as part of our audits Don't trust. Verify. 🟧

Scheduled maintenance: June 5, 08:00–08:30 UTC (30 min). This release ships security hardening, including remediations from our ongoing security audit. 🟧 Full report to follow. ✅ Your BTC stays in your Taproot vault throughout, unilateral exit unaffected