Despite Michael Saylor’s repeated refusals to publish a proof of reserves for the 597,325 bitcoin (BTC) at MicroStrategy (MSTR), Coinbase CEO Brian Armstrong decided to publicly doxx their most probable location.Disregarding Saylor’s concerns that disclosing the location of the coins could create the risk of social engineering and wrench attacks, Armstrong tweeted about their location while bragging about Coinbase’s “institutional team.”During the thinly veiled disclosure, he admitted that eight of the top 10 publicly traded companies with BTC on their balance sheets use Coinbase Prime. That makes it highly likely that MicroStrategy holds BTC at Coinbase Prime.
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21 sats \ 1 reply \ @bitcoingecko 10h
This is a big reason I like metaplanet. They show proof of reserves. Very transparent.
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21 sats \ 0 replies \ @0xbitcoiner OP 10h
How’d they prove that’s really their address? And which one is it? I’ve always wondered how you even prove that kinda thing.
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0 sats \ 4 replies \ @hasherstacker 10h
Exposing the amount of sats you hold is for the retarded. Yes, only the retarded.
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0 sats \ 3 replies \ @0xbitcoiner OP 10h
Since we’re talking about public companies, I don’t think it’s that retarded, I’d say it’s transparency!
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0 sats \ 2 replies \ @hasherstacker 10h
Companies like this, I think, they somehow prevents people from using Bitcoin as Medium of Exchange.
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0 sats \ 1 reply \ @0xbitcoiner OP 10h
I don’t think so. There’s more bitcoins, right? How exactly do they stop people from using bitcoin?
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0 sats \ 0 replies \ @hasherstacker 9h
Only the SoV element of Bitcoin is considered, rather than the MoE.
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0 sats \ 0 replies \ @d680ecaa8e 8h
coinbase is easy for use from personal trial.
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0 sats \ 0 replies \ @Bell_curve 9h
Coinbase Prime used to be Xapo which specializes in cold storage
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0 sats \ 0 replies \ @nitter 11h bot
https://xcancel.com/brian_armstrong/status/1938673513872924948
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