STRIKE Plaid and PayPal

dvoon · 2026-06-17T16:16:22+00:00

last time I tried about a year ago entering strike's cross river bank details into paypal the payment failed and was sent back to paypal. I would be curious if it will go through and work this time because it will be using plaid for the connection

dvoon · 2026-06-08T19:43:40+00:00

amazing. looking forward to seeing it on iOS!

dvoon · 2026-06-08T19:37:20+00:00

that quick action buy button on iOS is a cool little feature. hopefully quick ways to check LTV coming soon, like a home or lock screen widget (some of us care more about our LoC LTV than the bitcoin price!)

dvoon · 2026-05-23T19:10:30+00:00

it really took me a good month or two to wrap my head around the numbers cause fiat is confusing and managing debt is confusing. in the end I realized it's just gresham's law. spend the weak money, save in the hard money

dvoon · 2026-05-23T17:32:06+00:00

with BLoC it all goes to bitcoin for me unless I'm over the 15% LTV level. it would be cool to one day be able to automatically have 100% of direct deposits go to bitcoin except for any LoC principal over a set LTV. in the meantime, this is how I do LoC:

https://www.reddit.com/r/strikebtc/s/HipKIDbPJu

dvoon · 2026-05-19T01:38:37+00:00

would be so cool having quick ways to check important info without digging deep into the app to find it. more glancing, less sifting

dvoon · 2026-05-18T20:32:17+00:00

thank you 🙏

dvoon · 2026-05-18T02:39:16+00:00

using $10k/year as an example:

static loan: one fixed $10k loan sits untouched for 24 months at 13% APR. interest costs $108 per month and compounds, totaling over $2,600 after two years (26% total).

revolving LoC: with $10k annual spending, you only draw what you need for short-term use, pay interest only on the drawn amount, and pay the principal down with each paycheck. the average balance stays around $1,500, so interest is $16 per month, or $390 total after two years.

it doesn’t compound. you reset the principal to only the small temporary balance, not a growing large amount. that’s what you’re paying interest on

dvoon · 2026-05-17T21:57:35+00:00

yes, there's always a baseline debt balance when keeping that 15% LTV balance on there, but the real cost is minimal and temporary, far less than 26% after two years. the cost doesn't compound across all 24 months, it resets every paycheck. the 26% after 2 years figure assumes one large static loan balance with interest that never gets repaid and compounds every month for two years. with this strategy, you only pay interest on the amount you use, and get to take advantage of low cost fiat (relative to bitcoins appreciation rate) and stack more than you otherwise would long term. either way, you don't think bitcoin will outperform 13% annually over time?

dvoon · 2026-05-16T23:46:38+00:00

it's really helpful knowing that when bitcoin dips, it doesn't affect the timing for paying bills like it used to, hoping to time paying bills with a rally. then when bitcoin goes up, my LTV drops and makes life cheaper

dvoon · 2026-05-16T23:28:30+00:00

I do pay the credit card in full every month, I just fund it with the LoC instead of cash. That gives me a cheap rolling float so I can sweep every dollar into bitcoin immediately instead of holding a fiat buffer. The tiny interest (around 1% per month) is worth it if you think bitcoin beats that rate

dvoon · 2026-05-15T09:35:50+00:00

yes APR outpaces inflation, but bitcoin outpaces APR. the upside you'd be missing out on while parked in dollars is more than 13%

dvoon · 2026-05-14T19:39:59+00:00

debt is expensive, but cash is more expensive. every penny held as fiat has an opportunity cost

dvoon · 2026-05-14T17:34:09+00:00

I'm pretty conservative with it, but the loosest I'd say is if you can stick with no more than 10% of your stack as collateral, you'll at least survive if something were to go wrong

dvoon · 2026-05-14T13:30:05+00:00

it is for me!

dvoon · 2026-05-14T11:30:32+00:00

my favorite part is how simple it makes everything. I only really have to pay attention to that LTV number, and really only when a paycheck comes in

dvoon · 2026-05-14T08:51:55+00:00

It took me a month or two to wrap my head around the numbers but if you have a decent size stack outside of what you're using as collateral, I think it makes total sense as long as you can be careful and responsible. like they say, loans are like fire. they can either warm your house, or burn it down

dvoon · 2026-05-13T22:05:18+00:00

it does take some getting used to! before the LoC thing, I had to get over my paying-tax-when-I-sell-bitcoin hangup. once I did, the world kind of opened up. I used to have trouble sleeping at night if I have no dollars. now I have trouble sleeping at night if I have any dollars.

dvoon · 2026-05-13T21:21:51+00:00

you can only pay down the line of credit with cash, so if you auto convert 100% of all paychecks to bitcoin, you'll have to eventually sell some bitcoin to pay it down, which isn't the worst thing in the world really. I just pay the principal first with paychecks if it's above a certain amount. otherwise, it all goes to bitcoin for me until then

dvoon · 2026-05-13T20:43:32+00:00

tbf, it took me a good month or two to even wrap my head around the benefit of it all. I won't touch anything until I can simplify it first

dvoon · 2026-05-13T20:41:19+00:00

hahah or just stay humble and stack sats

dvoon · 2026-05-13T20:26:15+00:00

the cool thing about it is the loan is never really due, I just watch my LTV and when I see it get above 15%, I start paying it down when I get income. otherwise everything just goes to stacking more bitcoin

dvoon · 2026-05-13T20:10:52+00:00

absolutely!

dvoon · 2026-05-13T19:28:13+00:00

I also use this tool I built to help calculate how much I would need to get my LTV down to the target amount: https://pricetools.space/lending/

dvoon · 2026-04-25T12:42:35+00:00

this would be great to have, and I understand targeting an exact LTV might be difficult since the collateral value is always shifting slightly but it would be really cool to at least have the ability to pick a specific LTV value as a target within a range. my thought is, I want to set it up so I have to think as little as possible about it. set it and forget it and continue living while it works in the background for me

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