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.
...read more at protos.com
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This is a big reason I like metaplanet. They show proof of reserves. Very transparent.
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.
coinbase is easy for use from personal trial.
Coinbase Prime used to be Xapo which specializes in cold storage
https://xcancel.com/brian_armstrong/status/1938673513872924948
Exposing the amount of sats you hold is for the retarded. Yes, only the retarded.
Since we’re talking about public companies, I don’t think it’s that retarded, I’d say it’s transparency!
Companies like this, I think, they somehow prevents people from using Bitcoin as Medium of Exchange.
I don’t think so. There’s more bitcoins, right? How exactly do they stop people from using bitcoin?
Only the SoV element of Bitcoin is considered, rather than the MoE.