2/2 #ProofOfReserves audit must have:
1. sum of client liabilities (auditor must exclude negative balances)
2. user-verifiable cryptographic proof that each account was included in the sum
3. signatures proving that the custodian has control of the wallets
https://t.co/QEZo0DzJfw
@AtlasPulse@RonStoeferle Even IF it is in the CPI, I bet it is assumed that you replace your phone bill with postal stamps just like you would grass fed beef with an impossible burger
Facts: "Identified cases of laundering through cryptocurrencies remain relatively small compared to the volumes of cash laundered through traditional methods." - SWIFT & BAE Research Report
https://t.co/HhXKxpP5Fd
Facts: "Identified cases of laundering through cryptocurrencies remain relatively small compared to the volumes of cash laundered through traditional methods." - SWIFT & BAE Research Report
https://t.co/HhXKxpP5Fd
@rickmccracken Rick, is it correct that with POS, decentralization should be defined by concentration of ada, not by number of nodes? At this moment apparently 44 addresses hold 39% of all ada.
@maxkeiser@nntaleb@100trillionUSD begs to differ on S&P500/BTC correlation and cointegration. If true it holds both ways... https://t.co/VdR4ooiFOm
#Bitcoin is scarce (measured by S2F) and people value it in line with gold & silver (in $)
BTC is also correlated & cointegrated with S&P500. S&P 2x =BTC 416x (in $)
This can both be true! QE pumps stocks (cash flow) and BTC (scarcity): asset inflation in $. BTC$288K ~ S&P$4300
@jsblokland@kuhnmo I think the ability to provide critical care is a major factor for CFR as well. This study is a bit old (2011), but if still relatively accurate I am stunned by ranking of Netherlands https://t.co/VoxRTdzRhE
@Cardanians_io@IOHK_Charles Am I correct to say that with POS, decentralization should be defined by concentration of ada, not by number of nodes? At this moment apparently 44 addresses hold 39% of all ada.
@100trillionUSD@stephanlivera Could you explain following on podcast: if unforgeable costliness is an aspect of POW and a required property for stores of value (per Nick Szabo), why the S2F model is not working for LTC (and DGB)?