The ultimate proof of reserves only exists with spot bitcoin or in-kind redeption:
when the custodian allows 24x7x365 FULL withdrawl of all bitcoin into self custody
✅ proof is in the policy, no need for any other *proof*
McCoy
npub18y…qx5t7
2025-05-27 15:34:54
in reply to nevent1q…y69g
Author Public Key
npub18y33vpqmudzm9wk9cnglgnrhqyu96c4l4tr59k2zw0gs5ep5a2kqjqx5t7Published at
2025-05-27 15:34:54Event JSON
{
"id": "13258fae94a25ce6a8f6602f07da2ae014a5a311db380f29a9a3aea2eff84d8f",
"pubkey": "392316041be345b2bac5c4d1f44c7701385d62bfaac742d94273d10a6434eaac",
"created_at": 1748360094,
"kind": 1,
"tags": [
[
"e",
"8a33e0efd777dd4d99c42aecc92e85a58c465dc7d5d7ecdd037428fca858b4a6",
"",
"root"
],
[
"e",
"92818c5bb247c2ec100ca799d178cf8a1a1763c1ca0cfcb0c6aeb5d00ea1fda4",
"wss://relay.bitcoinpark.com",
"reply"
],
[
"p",
"7ca66d4166b16f54a16868191ba1c6386a976624f4634f3896d9b6740a388ca3",
"",
"mention"
],
[
"p",
"04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9",
"",
"mention"
],
[
"p",
"e217899785048ee15da66ab1c4633b8679d141e96c526017d5e7b1991ce584b9",
"",
"mention"
]
],
"content": "The ultimate proof of reserves only exists with spot bitcoin or in-kind redeption:\nwhen the custodian allows 24x7x365 FULL withdrawl of all bitcoin into self custody\n✅ proof is in the policy, no need for any other *proof*",
"sig": "938410dc69d210c397990676ff9807d103b93d1e005afba50d2a289251387752080ae723d412ab2d41078c8e3f04d2f0e19b1e49ae7822948875cd5e1baeabaf"
}