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 _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
