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by RustyRussell
1312 days ago
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Yeah, the original Proof of Reserves proposals (and this is probably a decade ago, on the bitcointalk forum) was a merkle scheme IIRC in which each user could verify that their amounts were added into the proven total. Most people seem to be just using "prove you hold some amount" which is a very poor cousin. However, it is pretty clear that FTX would have failed even that, so maybe we should lower our expectations? |
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