3 ms·
There is no proof Tesla owns BTC. All company assets need to be auditable, ie an auditor can physically verify their presence. There is no way to do this with
by valuearb 6y ago
There is no proof Tesla owns BTC.
All company assets need to be auditable, ie an auditor can physically verify their presence. There is no way to do this with Bitcoin, which is a huge problem for public companies buying it.
- ric2b 6y agoBTC is more auditable than most/all assets. Tesla simply needs to show the auditor their addresses and use the respective private keys to sign a message of the auditor's choosing. The signed message proves they own those addresses, and the holdings can be easily verified on any block explorer or node. This process can even be done remotely in a single afternoon, I don't know of any other asset class that is this easy to audit.
- valuearb 6y agoThanks, I hereby revoke my assertion.