sam on Nostr: Since first joining River 2 years ago, I was always hoping we’d do proof of ...

Since first joining River 2 years ago, I was always hoping we’d do proof of reserves one day. Many Bitcoiners just aren’t ready to self-custody yet.

Super pumped to see it come to reality!

quoting note17sn…6kqf

You deserve to know your bitcoin is safe. That's why today, we're announcing River Proof of Reserves.

Our Founder and CEO Alex Leishman walks you through how it works in the video 👇
https://youtu.be/53UqZsLBP1M

Proof of Reserves is not just a new feature at River, but a commitment to transparency.

Many Bitcoin custodians ask for your blind trust, and deflect concerns around solvency by telling you to withdraw or reassuring you they're audited. But not every Bitcoiner is ready to self-custody, so it's time for our industry to do better.

The Bitcoin protocol gives us the tools to provide unprecedented transparency to depositors. This drastically reduces the risk of insolvency going undetected.

We will be performing proof of solvency attestations monthly, and encourage all clients to validate our attestations themselves at https://river.com/reserves