Corporations hold a ton of Bitcoin. What does that mean? What does self-custody look like for a corporation and how much of this is in self-custody anyway?
Much like for an individual, self-custody should mean exclusive access to spend those coins, or more exactly that only corporation-approved process could lead to valid signatures.
Government or criminal raids don't necessarily equal access to keys. For example many tech companies have a process to wipe and/or brick hardware in such emergencies.
I suppose this gets to details that wouldn't be widely known like who has access to keys. Is it a custodial service like Coinbase? Is it the c-suite? Some set of crypto-notaries? Plus how many signatures are required from how many keys?
Fundamentally, the extent to which these bitcoin treasuries are secure against government confiscation affects whether this concentration is good or bad for Bitcoin.
Much like for an individual, self-custody should mean exclusive access to spend those coins, or more exactly that only corporation-approved process could lead to valid signatures.
Government or criminal raids don't necessarily equal access to keys. For example many tech companies have a process to wipe and/or brick hardware in such emergencies.
I suppose this gets to details that wouldn't be widely known like who has access to keys. Is it a custodial service like Coinbase? Is it the c-suite? Some set of crypto-notaries? Plus how many signatures are required from how many keys?
Fundamentally, the extent to which these bitcoin treasuries are secure against government confiscation affects whether this concentration is good or bad for Bitcoin.