/biz/ - Business & Finance

>>52609914
>tell me you're a retard without telling me you're a retard.

where have you been these last 3 weeks when we discussed why doing PoR for centralized entities doesn't prove their solvency, as they can "play the books" and doing PoR without proof of liability, doesn't mean shit? proof of liabilities cannot be proven mathematically therefore this is all useless.

chainlink PoR isn't there to prove solvency of centralized entities but rather there to help atleast show that wrapped assets are backed correctly and stable coins have the right reserves to back their pegging.

in what way shape or form, is what binance doing solving anything? it will just contribute to give off a flase sense of security, while in reality, not your keys, not your crypto.
stay out of cexes, no matter what they tell you.