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Okay Proof of Reserves, But for Real This Time?

The Breakdown

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Cryptocurrency Proof-of-Reserve

Nick Borsuk: A proof-of-reserve wouldn't have stopped FTX, Quadriga, or Mt. Gox. He says the focus should be on making centralized finance infrastructure like exchanges better. But that does inevitably spit us back to how those centralized services function, he adds. The question is what percentage of future total market for Bitcoin and crypto assets can be engaging with self-custodial paradigms, said Borsuk.

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