The Biggest Takeaway From Proof Reserves

You can probabilistically show liabilities, but it just depends on a high enough percentage of people with those liabilities actually checking the localized proofs. Bitmax proposed randomly fuzzing individual liabilities and breaking them up into multiple buckets so that you can have some degree of privacy in checking your liabilities. Most of the liabilities are not digital. They're contract, meet space contract. You can't digitize that. It's a path in a Merkel tree that goes here is a liability of X to entity. So what if you don't find everybody checking?

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