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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




      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 [bitcoin-dev] Proof of reserves - recording 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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