NGL, if I was an investor in MSTR, this answer would keep me up at night.

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The ultimate proof of reserves only exists with spot bitcoin:

when the custodian allows 24x7x365 FULL withdrawl of all bitcoin into self custody

✅ proof is in the policy, no need for any other *proof*

Saylor has done a lot to push and validate bitcoin to the mainstream but people need to treat him as what he is. His intentions are not to facilitate the revolution we are seeking but just capitalize in bitcoin's inevitable monetary superiority. He is not seeking to revolutionize the system that made him rich - it works for him. He is looking to at bitcoin as a captured asset. We need to thank him, keep his involvement in the space - because hyperbitconization does not happen without the traditional financial system being included - but notch him down a few levels. We should be giving this treatment to people who are looking to maintain and develop bitcoin as freedom money.

Agree. He is the epitome of the system eating itself and ultimately self destruct. Bitcoin turns greed into altruism, ultimately.