Replying to Avatar LogicallyMinded

It is in #MSTR best interest to preserve the #Bitcoin brand as their entire business relies on it.

If a large portion of #BTC is held with custodians that are unable to prove that they have full reserve for their clients then, people will start to suspect the possibility for paper BTCs could be printed in sizable quantity which will then erode the Bitcoin brand as a protection against money printing due to its audibility. This will be especially true if Bitcoin fails to match or exceed price expectations.

#Saylor saying that proof-of-reserve isn’t important when it’s technically possible should raise additional questions.
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Den Yellek 7mo ago

There are two scenarios.

Either he does not have the coins in which case it's impossible for him to provide proof of reserves.

or

He does have the coins in which case if there ever was a significant market scare where sentiment turned against him and investors sold because they feared he did not have the bitcoin he could crush all those fears in 5 mins with a single tweet showing the reserves then.

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