Proof of Reserve without Proof of Liabilities doesn't do much.
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You don’t need PoL if the only customer is yourself
This is a video with Michael Saylor explaining why he won't show a wallet as proof-of-reserves.
https://x.com/BTC_Archive/status/1927302958946849108
Get #Bitcoin.
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I think we all have a good sense of Strategy’s liabilities…
Strategy's holdings are at Coinbase.. as many more others big entities and ETFs.
Do we have Coinbase liabilities..?