Large companies, holding bitcoin on behalf of the public, such as prime trust, grayscale, coinbase, bitgo, soon to be black rock, should verify their holdings with a signature every quarter.
Being able to prove reserves so easily and securely is a huge monetary upgrade over the current system.
We should demand these companies, investment funds prove they hold bitcoin.
So I am calling ALL OF THEM out. Until proven otherwise, all of these companies have ZERO bitcoin and at BEST they are operating with a fractional reserve system.
MSTR has 0 bitcoin, prove me wrong and request coinbase to sign the following message: “These coins are held for the publicly traded company, MSTR.”
GBTC has 0 bitcoin unless they ask coinbase to sign a similar message.
I truly believe they are all fked and lying.