Let’s call it what it is:
Proof of Claims of Bitcoin are Absent.
And yes, he can. What happens is the share price goes lower and lower until MNAV < 1.
At MNAV < 1, that is the Market Demanding Proof of Assets, aka Show us Onchain what you claim to hold.
BaconPDX / Bacon Hodl
npub14y…434mf
2025-02-24 19:16:59
in reply to nevent1q…gr50
Author Public Key
npub14yg7dxmnmnc34w7gzvgwp2lf9wg8kkj20gy6vzpvfcz8jajkfpfqg434mfPublished at
2025-02-24 19:16:59Event JSON
{
"id": "4a458ea1adb16f50d663db3a64c5b3a9187d4d95c4081b34cb9c8c699fe9197b",
"pubkey": "a911e69b73dcf11abbc81310e0abe92b907b5a4a7a09a6082c4e047976564852",
"created_at": 1740424619,
"kind": 1,
"tags": [
[
"e",
"e532d6fb16f7e195c89e05e5de4e6948f74b692cc679bf24abb714235f2d0bac",
"",
"root"
],
[
"p",
"356875ffd729b06eeb4c1d7a70a1f750045d067774d21c0faffe4af2bf96a2e8"
],
[
"client",
"Nostur",
"31990:9be0be0fc079548233231614e4e1efc9f28b0db398011efeecf05fe570e5dd33:1685868693432"
]
],
"content": "Let’s call it what it is:\n\nProof of Claims of Bitcoin are Absent.\n\nAnd yes, he can. What happens is the share price goes lower and lower until MNAV \u003c 1.\n\nAt MNAV \u003c 1, that is the Market Demanding Proof of Assets, aka Show us Onchain what you claim to hold. \n\n",
"sig": "4a5d0b5b31d56d7c2371862e89488070b13938d8fd1afd9eeb99c649619cc1d5dca92720786ab5509dca684d195993653d38f30f42f08f2293c9c5dde9637b61"
}