Is #proofofreserves a larp? jack mallers (nprofile…6gmf) made a point that they don't do UTXO management for each individual account because that would be dumb.
So proof of reserves from River (nprofile…kltp) or an ETF would really only prove that they own some bitcoin. You'd still have to trust that more than that wasn't sold right?
For the record, I don't use any of them
Brian
npub182…thzsc
2024-09-19 18:55:26
Author Public Key
npub182geseqlaxv20ptu3k0u06zqhgf6rmalv5ssjm9n8jvz0ss6anaqsthzscSeen on
wss://relay.damus.ioPublished at
2024-09-19 18:55:26Event JSON
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"content": "Is #proofofreserves a larp? nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcvd6gmf made a point that they don't do UTXO management for each individual account because that would be dumb.\n\nSo proof of reserves from nostr:nprofile1qqsrtv3u6qkj6a09tnhr3l0wy67g9uw3t57ftqyqpvztpk3wmd6306spz9mhxue69uhkummnw3ezuamfdejj78rkltp or an ETF would really only prove that they own some bitcoin. You'd still have to trust that more than that wasn't sold right?\n\nFor the record, I don't use any of them",
"sig": "48329777eaf7208020b418f013dde29a3770f2903a63a16cfc166ac69be40ec2539c054b929a93f31f16a03784041c25d349710959646d9a4fd09f894ca400a2"
}