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/biz/ - Business & Finance

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52521234 No.52521234 [Reply] [Original]

>with FTX imploding we can finally shill our POR solution!!

>Uh well actually our por solution cannot really verify cex's solvency haha it's quite a bummer oh well guess there's nothing we can do about this


WHAT THE FUCK IS WRONG WITH THIS FUCKING TEAM I SWEAR WHAT IS THEIR FUCKING PROBLEM WHY ARE THEY LIKE THIS !!!!!

>> No.52521251

how can a digital solution such as chainlink or binance ever tell if a mouse has broken into and eaten the cash reserves?

>> No.52521271

>give us access to your books
>cex's: no
lol

>> No.52521322

>I'm just not going to show you the reserves lol

>> No.52521336

Is the token needed for this? No? Well carry on then

>> No.52521377

>>52521336
Those "HR professionals" and plastic bucket breakdance bands don't pay for themselves anon

>> No.52521381

>>52521234
No shit you dumb retard, it's up to a CEX to choose if they want to show proof of their reserves.

>> No.52521388
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52521388

>>52521251

>> No.52521464

What is the actual point or chainlink it seems like vapor ware

>> No.52521478

>>52521464
solves the lambo problem

>> No.52521527

>>52521377
exactly this project is just like ETH

>> No.52521529

>>52521381
True proof of solvency is reserves minus liabilities. Ari has a PhD student working on proof of liabilities.

>> No.52521577

>>52521381
Yes but as the tweet says all the thing that spoof irl audits would also affect any off chin PoR. It's not onchain, it still relies on less concrete data that have hundreds of years of refined fraud practices.

>> No.52522751

>>52521577
Guess it's over for link's por, good on them for giving up

>> No.52522762

>>52521478
You might be able to buy a 2009 used Hyundai if the price action keeps going like this