Let’s Basically Dedicate to Proofs of Reserve This Time, Okay? #Lets #Commit #Proofs #Reserve #Time


Let us be obvious. A PoR would not have “stopped” FTX, Quadriga, or Mt Gox. All 3 had been insolvent for very long durations of time, owing to both fraud or hacks. But in a planet exactly where PoR is normalized, their refusal or incapacity to accomplish a PoR would have stuck out like a sore thumb, and alerted buyers that anything was possible awry. So PoR, at the industry scale, operates via negativa – it’s most telling if you do not do it.

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