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ariel
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Replying to Avatar Bryan

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.

f5
ariel 2y ago

Why every quarter? You should be able to check in real-time.

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