Eluc on Nostr: You're funny. If one person withdraw, it doesn't prove anything, if 50% of all BTC ...
You're funny. If one person withdraw, it doesn't prove anything, if 50% of all BTC are withdraw at once, it proves you have at least 50% of it, if 80% withdraw, it proves at least 80%.
The only way to prove it that way is that 100% of all BTC of all customers are withdraw all at once. And this would need to be repeated at random interval to prove it really.
There must be a way to prove the reserve otherwise self-custody is the only viable solution.
Published at
2025-05-13 19:00:09Event JSON
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"content": "You're funny. If one person withdraw, it doesn't prove anything, if 50% of all BTC are withdraw at once, it proves you have at least 50% of it, if 80% withdraw, it proves at least 80%.\nThe only way to prove it that way is that 100% of all BTC of all customers are withdraw all at once. And this would need to be repeated at random interval to prove it really.\n\nThere must be a way to prove the reserve otherwise self-custody is the only viable solution.",
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