Why would anyone believe them if they do not proof they have the key?
I mean: I could make the same claim, right?
You can also claim you own 8000 tons of gold and not let anyone see it. Just like the feds do with Fort Knox
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Hm… good idea. Maybe some DeFi protocol or regular bank will let me borrow against it?
Yea I was thinking Coinbase would do that and give them an excuse to fractional reserve
