From: <eric@voskuil•org>
To: "'ZmnSCPxj'" <ZmnSCPxj@protonmail•com>
Cc: 'Bitcoin Protocol Discussion'
<bitcoin-dev@lists•linuxfoundation.org>,
'Billy Tetrud' <billy.tetrud@gmail•com>
Subject: Re: [bitcoin-dev] Proof of reserves - recording
Date: Fri, 9 Jul 2021 18:49:37 -0700 [thread overview]
Message-ID: <010201d7752d$d78f7480$86ae5d80$@voskuil.org> (raw)
In-Reply-To: <P3nHrkeDxaIVVC4zqhoNVXPqNQv7id4dyB3tmz8JZ1xo2B2FTaK-lUSQvDuieKUlG4VyfB-gHR__qcLmcJIG5YiDvKasiinwh682x9xJJuI=@protonmail.com>
All reasonable.
e
> Okay, it seems to me that what you are saying is something like this:
>
> > Proof-of-reserves would (partially) work for a "pure" warehousing service
> (i.e. user pays some fee, service keeps money and provides proofs that
> money is kept).
> > However, "pure" warehousing is not what a typical exchange does (else
> the explicit fees in their exchanges would be higher), as it takes on risk due
> to having to deal with non-Bitcoin monopoly money (by definition, since they
> are *exchanges*).
> > Further, with Bitcoin you can be your own warehouse (including Green-like
> multisig schemes where you own your own keys that are part of the
> scheme), which is an alternative choice to hiring a "pure warehouse" (i.e.
> Safe Deposit).
>
> Would that be a fair (if somewhat rough and undetailed) restatement?
>
> Regards,
> ZmnSCPxj
prev parent reply other threads:[~2021-07-10 1:49 UTC|newest]
Thread overview: 21+ messages / expand[flat|nested] mbox.gz Atom feed top
2021-07-05 18:24 Billy Tetrud
2021-07-05 23:26 ` ZmnSCPxj
2021-07-05 23:32 ` Eric Voskuil
2021-07-06 0:09 ` ZmnSCPxj
2021-07-06 1:34 ` Billy Tetrud
2021-07-06 4:54 ` ZmnSCPxj
2021-07-06 5:09 ` Eric Voskuil
2021-07-06 6:02 ` Billy Tetrud
2021-07-06 7:37 ` Eric Voskuil
2021-07-06 16:39 ` Erik Aronesty
2021-07-06 18:40 ` eric
2021-07-07 6:18 ` Billy Tetrud
2021-07-09 14:55 ` Eric Voskuil
2021-07-09 17:43 ` Billy Tetrud
2021-07-09 18:32 ` Eric Voskuil
2021-07-09 22:02 ` Billy Tetrud
2021-07-09 23:18 ` Eric Voskuil
2021-07-09 23:50 ` ZmnSCPxj
2021-07-10 0:49 ` eric
2021-07-10 1:26 ` ZmnSCPxj
2021-07-10 1:49 ` eric [this message]
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