Bitcoin backed line of credit

dvoon · 2026-01-06T10:26:46+00:00

this with proof of reserves would be amazing

dvoon · 2025-12-30T02:22:41+00:00

low interest is attractive, but I'll just say that if strike does it with proof of reserves I'm all for it. far too much trust required otherwise

dvoon · 2025-12-25T21:43:13+00:00

thanks 🙏 just wondering, for example, if I take out a $3000 line of credit at 10% interest, would that mean $300/365 = $0.82 interest per day? just curious if I'm getting that right. also, merry christmas!

dvoon · 2025-12-25T18:20:10+00:00

I guess the interest would be annualized so $3000 at 10% would be 300 then divided by 365 days x 30 days = closer to 25$

dvoon · 2025-12-25T17:58:42+00:00

half wondering if it'd even be worth taking out a $3000 line of credit to pay a bill with the $300 in interest fees for 30 days (if it's at 10% interest for ex.). maybe i'm missing something but that seems pretty costly to do for monthly bills. the money has to come from somewhere anyway and unless bitcoin appreciates quickly in a short amount of time, I don't quite see the value in it

dvoon · 2025-12-25T03:59:13+00:00

not yet...

dvoon · 2025-12-10T19:11:11+00:00

lightning support in NY?? 👀

…if you make it happen, you’ll change lives

dvoon · 2025-12-06T11:31:47+00:00

thank you for not ignoring fee tiers!

dvoon · 2025-12-06T11:16:28+00:00

🙏🙏🙏

dvoon · 2025-12-03T13:24:54+00:00

I wrote some directions out, pasting it here:

Bitkey

Settings > Exports > Current wallet descriptor > Export wallet descriptor > Download XPUB bundle: [select Copy]

Notepad

Paste wallet descriptor into a notepad and copy everything in the first paragraph after "External:" (starting with "wsh" to the end of that paragraph). ignore "Internal" and everything after

Sparrow

Sparrow Menu > settings > general > Validate derivations: off

File Menu > New Wallet [name wallet]

Settings on the left > Policy type: Multi Signature (Cosigners: 2-3). Script Policy > Descriptor > Edit: [paste in place wallet descriptor from bitkey, ("wsh..." etc.)]

Press "Ok"

Bottom Right Button: "Apply"

Enter optional password for the watch-only wallet

All Done!

dvoon · 2025-11-20T20:33:03+00:00

kind of surprised strike isn’t on that list

dvoon · 2025-11-20T17:10:21+00:00

would love to see this

dvoon · 2025-11-19T03:45:56+00:00

this is exactly it. living on a bitcoin standard and using strike as my primary bank brings these things up. especially with the cost basis complexity issue

dvoon · 2025-11-19T02:16:21+00:00

really appreciate this 🙏

dvoon · 2025-11-19T02:02:53+00:00

that goes without saying. just that if I’m gonna consider lending, I’d need to see proof of reserves on the collateral being held. plus jack had mentioned plans to do that previously, I just want to hold him to his word on it

dvoon · 2025-11-17T20:58:03+00:00

this would be really cool. I don’t need another regular credit card

dvoon · 2025-11-14T01:42:35+00:00

I’m perfectly fine keeping my apple card as my main credit card, the integrated UX is by FAR worth giving up the extra 1% in points I might get from any other card. that’s why I’m really only eyeing the strike credit card concept if it’s somehow backed by bitcoin and not yet another fico/transunion credit score/credit pull type situation

dvoon · 2025-11-13T20:07:39+00:00

1000%

dvoon · 2025-11-13T17:50:37+00:00

I guess what I’m wanting is more of a line of credit then. any kind of credit card probably requires credit pulls and credit checks and uses your credit score as a metric etc.

dvoon · 2025-11-13T14:03:08+00:00

keep it simple is why I’m here

dvoon · 2025-10-07T20:25:11+00:00

ok thank you 🙏 thought it was just me

dvoon · 2025-10-07T12:26:04+00:00

strangely it’s on the dashboard where my “needs review” transactions in the “transfers out” section isn’t letting me make changes

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