There is no requirement for any Bitcoin treasury to prove they can move their coins in order to tell the world of its value in their accounting statements.

Microstrategy, Blackrock, etc.  can claim billions on their Balance Sheet today thanks to the trust people have in their Bitcoin.  Next cycle, it could be trillions of USD value.

However, there is no requirement to prove that they control those coins.  The reader of financial statements has to accept the value without that proof.

The trillions of dollars on balance sheets will be subject to total and complete write-downs to ZERO in the event that an entity discovers they can’t move the Bitcoin.

The incentives are also now for those entities to run Ponzis on their Treasuries and not disclose the loss to the public.

A requirement would incentivize companies to implement best practices and reduce the likelihood of such a loss significantly.

Be aware. 

 https://www.hoseki.app/verified#leaderboard 

 Those addresses are essentially meaningless without a signature proving they control the coins.

It’s a virtue signal.

It’s even worse if the public thinks these addresses are transparent and don’t demand proof.

I caught a lot of shit for saying this when Bukele posted his address.   It is nice to see but we need to demand more. 

 At the risk that I jumped the gun - what does Hoseki do to “verify”