Nostr Web Client

I’m not a huge fan of proof of reserves because I consider it solvency theater. It tells you nothing about the liabilities the business has. So I think it provides a false sense of security.

David 11mo ago

Wot

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Discussion

HODL 11mo ago

What part of that confuses you

David 11mo ago

Maybe I’m mixing up my definitions - isn’t proof of reserves proving MSTR actually have the Bitcoin (I believe is - maybe - with Coinbase Prime atm) - are you saying you don’t need MSTR to prove they have the Bitcoin ? As I would love them to. Ala El Salvador and Metaplanet. Via nostr:npub18d4r6wanxkyrdfjdrjqzj2ukua5cas669ew2g5w7lf4a8te7awzqey6lt3

HODL 11mo ago

I think it would be a good thing for them to do, but I don’t need them to do it.

David 11mo ago

Why don’t you ? Do you trust MSTR are buying and have the number they say ? Why do you trust that ? Make it make sense bro..

HODL 11mo ago

nostr:nevent1qqsd8jgr7wr2j8yqs8qqhndq2mtevw8h30esh0an2e8pflmyhamwnrqpzfmhxue69uhk7enxvd5xz6tw9ec82cspp4mhxue69uhkummn9ekx7mqpr9mhxue69uhhqatjv9mxjerp9ehx7um5wghxcctwvsq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kq7zg80l