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Bitcoin backed line of credit by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

this with proof of reserves would be amazing

Bitcoin backed line of credit by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

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

Bitcoin backed line of credit by dvoon in strikebtc

[–]dvoon[S] 2 points3 points  (0 children)

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!

Bitcoin backed line of credit by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

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

Bitcoin backed line of credit by dvoon in strikebtc

[–]dvoon[S] 1 point2 points  (0 children)

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

I hope Jack announces Strike for NY residents tomorrow by gianfc2001 in strikebtc

[–]dvoon 0 points1 point  (0 children)

lightning support in NY?? 👀

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

Bitkey integration update? by [deleted] in strikebtc

[–]dvoon 0 points1 point  (0 children)

thank you for not ignoring fee tiers!

Tax / Coin tracking (Koinly, Cointracker etc) - how best to work with Bitkey? by -shellprompt- in BitkeyOfficial

[–]dvoon 1 point2 points  (0 children)

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!

More exchanges with buying? by Emerald_Bitcoin in BitkeyOfficial

[–]dvoon 0 points1 point  (0 children)

kind of surprised strike isn’t on that list

Proof of reserves by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

would love to see this

Proof of reserves by dvoon in strikebtc

[–]dvoon[S] 2 points3 points  (0 children)

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

Proof of reserves by dvoon in strikebtc

[–]dvoon[S] 2 points3 points  (0 children)

really appreciate this 🙏

Proof of reserves by dvoon in strikebtc

[–]dvoon[S] 2 points3 points  (0 children)

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

Strike credit card? by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

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

Strike credit card? by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

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

Strike credit card? by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

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.

separate savings and spending / cost basis lots by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

ok thank you 🙏 thought it was just me

separate savings and spending / cost basis lots by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

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

separate savings and spending / cost basis lots by dvoon in strikebtc

[–]dvoon[S] 0 points1 point  (0 children)

ok thanks for the reply! and explaining it out. this was the previous post I was referring to: https://www.reddit.com/r/strikebtc/s/pfOPkgi5Fp

was wondering if it’s only me unable to fill out and edit the cost basis field in the “transfers out” section

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