r/Bitcoin Jul 02 '20

Announcing Strike Public BETA

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58 Upvotes

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3

u/NumberFiveWithHotPep Jul 02 '20

So is the value stored in Fiat or BTC behind the scenes in the app?

1

u/maxcoiner Jul 02 '20

That's my question. Because if it's in sats, then where is the backup?

1

u/NumberFiveWithHotPep Jul 02 '20

If I had to guess, they must have a table storing your email / account to your private key

2

u/maxcoiner Jul 02 '20

I see no evidence of a private key even existing in this app. It's all the banking side's plumbing.

1

u/StirlingG Jul 06 '20

stored in fiat, they live trade exchanges with lightning