Yo! Coming off Strike’s best year yet, and going into one of the most important years in Bitcoin’s history, I wanted to write a letter to the community summarizing Strike’s 2023 and what we’re focused on for you in 2024.
587 sats \ 1 reply \ @anon 19 Jan
People love to hate on Strike but they are a great Bitcoin onramp, especially for those uncomfortable with the fully self-custodial route, which sadly if we are being honest is probably most people who "hold" Bitcoin. Yes fully sovereign and self custodial is always ideal, but if Bitcoin is to become a medium of exchange and store of value for everyone we need services like Strike. A huge amount of Bitcoin is still with shitcoin casinos, and those who are too scared of self custody would be better off putting in Strike than an ETF imho. People have to get interested and comfortable and start somewhere. Hopefully this can be an expanded trailhead on the path to self custody and sovereignty for the next wave of worldwide adoption. If you want to support Bitcoin but not spend your stack, use Strike to pay in Bitcoin with your dirty fiat. Get the best of both worlds! Support the Bitcoin ecosystem without incurring a taxable event. I get so frustrated with Bitcoiners who think Bitcoin will inevitably become the dominant medium of exchange, but they themselves refuse to ever spend Bitcoin. This is bad time preference and hypocrisy all wrapped in one. Strike is a solid compromise in that arena that more folks should consider. You don't have privacy when spending with fiat anyway, so the privacy arguments against Strike payments are pure FUD imo.
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👏👏
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It’s a KYC thingy, or?
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Yeah - some KYC is required
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I didn't know that. Thanks for sharing
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Was anyone able to find the card on-ramps in the app if you're outside the US?
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Kudos to Strike for a good year last year and great things to come. Their onramp features and partnership will bring a new tide of Bitcoin users
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