Without proof of reserves, companies could claim to hold a total of up to 42 million bitcoins or more.
Discussion
they will at some point
Proof of Reserve without Proof of Liabilities doesn't do much.
You don’t need PoL if the only customer is yourself
Indeed! That's the perfect spot to be 😜✊🏼
I think we all have a good sense of Strategy’s liabilities…
Strategy's holdings are at Coinbase.. as many more others big entities and ETFs.
Do we have Coinbase liabilities..?
That’s a lot murkier for sure… you’d hope Saylor would know. It would be very irresponsible if not.
It’s not like Bryan Armstrong can’t go to jail or anything… 😆
He can, but lost coins are lost forever.
Anyway this is my personal view on Saylor's game play..
Bitcoin allows you to take the trust out of the system so any human willing to put the trust back into the system deserves whatever human action comes one way.