You are viewing a single comment's thread from:
RE: Merkel tree a gateway for exchange transparency proof of Reserve PoR
Hi @mccoy02
I'm failing to see how "proof of reserves" can actually help anyone. It only shows how much funds exchange has in serves. It doesn't say anything about debt and other liabilities.
We shall all demand not only proof of reserves, but also proof of liabilities. Otherwise PoR means as much as nothing.
Am I making sense?
Sure you are making sense, centralized exchanges need to actually more than just showing their PoR, although its first of its kind which is a step towards improving transparency in crypto space, more need to be done for users to fully trust these exchange showing their debts and liabilities will be another option to look into thanks for your feedback.