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River68d ago
You bet we're publishing 12 proofs again this year. Don't trust, verify. https://river.com/reserves
💬 4 replies

Replies (4)

Chad Lupkes68d ago
Debt based accounting language is stupid. The Bitcoin you hold in custody for your customers is not a liability, it's an asset. It's only called a liability because you have to consider the remote possibility that all of your customers may ask for a withdrawal at the same time. The 286 BTC safety margin you have is what makes that claim unnecessary.
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The BTC Philanthropist68d ago
Way a bank should work if you really want to use 1 - you guys set a good standard, keep it up!
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Dan61d ago
Any chance for Bitcoin backed loans or line of credit in the pipeline @River
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River55d ago
Here are some of our thoughts on lending from our CEO https://x.com/Leishman/status/1880268137473376741
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