Proof of Audit

in crypto •  2 years ago 

Good to see this proof-of-reserves train being stopped for some proof-of-algorithm.

I've been saying this since the concept gained traction: is meaningless without also listing liabilities.

And to those who then decided to lay into Kraken:

The deeper question is whether there is an algorithmic way to show both assets and liabilities. All platforms also need to separate client funds from their own money.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  
  ·  2 years ago  ·  

crypto = obfuscation

one bigger question is whether self-regulation can work - lmfao - has it ever!?
sadly, the better algorithms don't always win - prob coz they don't suck up to greed and fraud.