I understand his logic, but there’s no topping the transparency proof of reserves would provide. Transparency can mitigate investor panic and provide clear insights into solvency.

If it was worth trusting big auditors satoshi never would have created Bitcoin. Established Centralized Auditors (or their employees) can still be bought, established centralized custodians (or their employees) can still be bought.

Proof of reserves won’t attract more hackers than coinbase’s honeypot, which is already showing weakness. They made off with $400 million Scott free…this time…how much next?

We are playing Russian roulette with our head, heart, and gut.