#bitcoin products | building proof of funds @hosekiapp | “society honors its living conformists and its dead troublemakers” | Prev: @Fidelity | [email protected]
Miami
Joined August 2012
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Bitcoin changed what it means to own money. Hoseki makes that ownership visible, verifiable, and useful.
Prove lets you generate professional ownership statements straight from your wallet, without giving up control.
Try it today at hoseki.app.
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Bitcoin is the best property ever invented.
From proof-of-reserves to programmable custody, @RyanTheGentry moderates a panel with Andrew Hohns, @samabbassi, and @bitcoin_lawyer to who why allocator due diligence in Bitcoin is nothing like TradFi.
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Thank you @pulte for putting forth common sense rules that allow bitcoin holdings to be accounted for when applying for mortgages.
Would love to see people be able to use tools like @hosekiapp to verify their holding from self-custody.
Consider it!
tftc.io/bitcoin-is-now-recog…
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Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgages - ABC News abcnews.go.com/US/wireStory/…
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Bitcoin Proof of Reserves for everyone. Enables private verification for loans, advisory services and more.
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The SBR EO is more bullish than most onlookers were anticipating:
“The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.”
Two clear ways to do this:
1) Executive Authority: Using the net-position of the Exchange Stabilization Fund, per @bitcoinpolicy’s recommendation in our November analysis. The fund has a net position of ~39B, so substantial acquisition could begin right away.
2) An Act of Congress: Revaluing gold, per @SenLummis BITCOIN Act. If passed, the law would have the USFG acquire 200k per year for 5 years in an entirely budget-neutral manner.
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“Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.”
This will be printed out and placed on the desk of every national leader, central bank head, & finance minister in the world tomorrow.
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Impacts of the Strategic Bitcoin Reserve
1) Dramatically reduces the likelihood the US government will some day "ban" bitcoin;
2) Dramatically increases the likelihood that other nations will establish strategic bitcoin reserves;
3) Accelerates the speed at which other nations will consider establishing strategic bitcoin reserves, because it creates a short-term window for nations to front-run potential additional buying by the US;
4) Makes it much harder for institutions -- from national account advisor platforms to quasi-governmental agencies like the IMF -- to position bitcoin as somehow dangerous or inappropriate to hold.
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.
IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.
PROMISES MADE, PROMISES KEPT
President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.
This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”
I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”
I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.
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The Reorg, Episode 2: @BitcoinPierre joins @bitstein to discuss his 2013 article "Fractional Reserve Banking is Obsolete."
Links below.
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We're thrilled to welcome Hoseki Founder & CEO Sam Abbassi as a #Bitcoin MENA speaker!
"Normalize Proof of Reserves" ✊
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Point 3
👀 @hosekiapp
Senator Cynthia Lummis unveils her #Bitcoin Act of 2024: a 7-point plan, including purchasing 200,000 BTC annually for five years to establish a 1 million BTC Strategic Reserve.
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Hoseki is thrilled to announce our partnership with @metaplanet, supporting their commitment to balance sheet transparency and advancing the highest standards in their Bitcoin treasury strategy.
Hoseki is dedicated to offering industry-leading financial infrastructure for corporations embracing Bitcoin strategies.
Any corporation or entity that would like to partner with Hoseki reach out to [email protected] 🤝
See Metaplanet’s dedicated page on Hoseki Verified: hoseki.app/verified/3350.T
.@metaplanet has partnered with @hosekiapp to verify it’s corporate $BTC holdings.
#Bitcoin has native audit features built in at the protocol level, enabling seamless verification and visibility.
See Metaplanet’s page on Hoseki Verified 🔗: hoseki.app/verified/3350.T
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.@metaplanet has partnered with @hosekiapp to verify it’s corporate $BTC holdings.
#Bitcoin has native audit features built in at the protocol level, enabling seamless verification and visibility.
See Metaplanet’s page on Hoseki Verified 🔗: hoseki.app/verified/3350.T
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Excited to announce Metaplanet’s strategic partnership with @hosekiapp, enhancing transparency and trust in our Bitcoin holdings! We're leading the charge for accountability in crypto, working with third parties to independently verify our assets. Join us in pioneering a transparent and trustworthy Bitcoin ecosystem #Bitcoin
🔗 Verify: hoseki.app/verified/3350.T
