bryan on Nostr: Large companies, holding bitcoin on behalf of the public, such as prime trust, ...

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.