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From: <eric@voskuil.org>
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Cc: 'Bitcoin Protocol Discussion' <bitcoin-dev@lists.linuxfoundation.org>,
'Billy Tetrud' <billy.tetrud@gmail.com>
Subject: Re: [bitcoin-dev] Proof of reserves - recording
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All reasonable.
e
> Okay, it seems to me that what you are saying is something like this:
>=20
> > 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).
>=20
> Would that be a fair (if somewhat rough and undetailed) restatement?
>=20
> Regards,
> ZmnSCPxj
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