ilmscore | Prediction Details
"proof of reserves doesn't tell you anything about a crypto exchange's liabilities AKA debts so for instance you could have an exchange that proves that it has $1 billion worth of BTC being held for its users who have $1 billion worth of BTC deposited there but the exchange could also be $2 billion in debt without users knowing that fact"
By Coin Bureau | March 3, 2024 | Pending
From video
Banks Without Bankers?! This BITCOIN Report Will Blow Your Mind! 00:14:15 - 00:14:36
Interpreted Prediction
Proof of reserves alone is insufficient to determine an exchange's financial health, as it does not account for liabilities or debts.

Prediction Details

Topic
Proof of Reserves vs. Proof of Liabilities

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