CryptoQuikRead_354 - Why Proof of Reserves is Important to Bitcoin [Mauricio Di Bartolomeo]

February 19, 2020 00:32:47
CryptoQuikRead_354 - Why Proof of Reserves is Important to Bitcoin [Mauricio Di Bartolomeo]
Bitcoin Audible
CryptoQuikRead_354 - Why Proof of Reserves is Important to Bitcoin [Mauricio Di Bartolomeo]

Feb 19 2020 | 00:32:47

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Hosted By

Guy Swann

Show Notes

"Bitcoin is a movement founded on individual monetary sovereignty, transparency and peer-to-peer auditability enabled by a breakthrough in technology. [...] The technology to provide auditability and transparency for bitcoin held in custody has been inherent to the protocol from its inception. However, the industry has been slow to incorporate"  -Mauricio Di Bartolomeo

Bitcoin, as a new asset class, provides us with one of the most powerful tools for financial security in a custodial context: cryptographic proofs of reserve. We would be foolish to not make use of it. Let us not repeat the mistakes of the past.

Another great piece from Bitcoin Magazine to shine light on a critical issue for a future with sustainable sound money. Don't miss the short article and Guy's take to follow! Link to the original below:
https://bitcoinmagazine.com/articles/why-proof-of-reserves-is-important-to-bitcoin

A huge thanks to the LTBNetwork. Don't forget to check out the tons of other great shows on their platform!

Other's mentioned in the show:
2019 Saw the Most Exchange Hacks Ever:
https://bitcoinmagazine.com/articles/2019-saw-most-exchange-attacks-ever-with-hackers-becoming-more-savvy
Nic Carter's Tweets on PoR
https://twitter.com/nic__carter/status/1229599601440829440?s=20

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