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get ready for giant court cases and frozen or ‘missing’ bitcoin if the custodians dont do proof of reserves

https://ericblander.com/run-the-numbers-18-bitcoin-proof-of-reserves/

satoshi has been doing proof of reserves for 12 yrs now



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2 Comments

  1. Been happening since MtGox. Either use cold storage or make sure you put funds in a reputable exchange, preferably one where they are insured.

    Unlike that MtGox era, there are plenty of options to do that now.

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