CRYPTO.COM PROOF OF RESERVES

[Anonymous No.52359266]

20% SHIB

https://twitter.com/kris/status/1591036638763053056

[Anonymous No.52359282]

>>52359266
shib bros strap your seats we going home

[Anonymous No.52359310]

>>52359266
imagine how much it were when shib was 0.00008
thats why i left crypto.com
newfag cex that thinks shib is good blockchain :D fucking retarted scammer

[Anonymous No.52359333]

by my quick calculations they have around 10% of shib's total supply

[Anonymous No.52359469]

>>52359266
>when 20% of your house's foundations are watery shit

[Anonymous No.52359506]

>shib

Not even doge that has worlds wealthiest man as backer and roadmap to become de facto crypto of twitter tipping.

[Anonymous No.52359526]

>more SHIB than CRO

holy fuck

[Anonymous No.52359598]

>>52359266
Reserves are what people deposit.
Proof of Reserves is simply a way of saying "these are your funds" and to show that they aren't doing fraction reserve garbage.

But you don't know how much users have actually deposited, so a Proof of Reserves is utterly worthless and pure virtue signaling from every exchange doing it right now. It's a step in the right direction at least.

[Anonymous No.52359691]

>>52359598
>aren't doing fraction reserve garbage
>But you don't know how much users have actually deposited
so they may be doing fractional reserve...

also crypto.com may have twice as many liabilities than reserves. you are right that all this merkle tree proof of reserves is utterly worthless and pure virtue signaling

[Anonymous No.52359806]

>>52359598
proof of reserves is being thrown around too lightly. the chainlink solution does disclose user deposits and all of the loans or smartcontracts currently active for a party. it's why cz doesn't want to use chainlink as his solution.

[Anonymous No.52359850]

>>52359806
>just show us your books bruh, real ones too

yeah right, like any business will share this information.
this use case fits Oasis with their zero-knowledge proofs much more than a json parsing network

[Anonymous No.52359887]

>>52359850
after this past year of implosions, it's what consumers want and the first financial entity to do so will explode in popularity. adoption of this will be a mad dash afterwards.

[Anonymous No.52359890]

>cro attracts more normie retards than binance and therefore has more potential for mass adoption
>simple straightforward name actually works way better at attracting the masses than something like binance
>they have 3billion in reserves during a critically bad time in the market

sounds bullish to me

[Anonymous No.52359905]

>>52359890
yeah let's forget how they constantly fuck over their customers

[Anonymous No.52359919]

>>52359266
>when your reserves consist more of a shitcoin from the most important network than the aforementioned network itself
btw less than 50% of reserves in BTC is straight up insolvency. This really goes to show that the reason BTC is still this expensive is because of artificial scarcity fabricated by exchanges keeping reserves off shore rather than in their liquidity pools.

Also lmao at that Fiat reserve. All it takes is a dude with a couple milli to tackle the house of cards.

[Anonymous No.52359936]

>>52359266
So about 51% is complete bullshit

[Anonymous No.52359947]

>>52359598
"Proof-of-Reserve" is the new hot crypto buzzword, much like Staking, NFTs and PoS were during the time it was popular to talk about it.

[Anonymous No.52361923]

>>52359887
Sergay predicted this.
Also fuck kikes.