I admit, I did not read that in detail. Can someone explain how the "proof of liabilities" is proving that it contains all liabilites of an exchange? for example the electricity bill that is coming to be paid next week or the off-book loan of x billion cryptocoin from your fellow exchange that you need to pay back also next week?
Awfully lot of trust you seem to need in this fancy world of trustless money of the future.
Awfully lot of trust you seem to need in this fancy world of trustless money of the future.