Skip to content

Comment on Gmaxwell's “prove how (non)-fractional your Bitcoin reserves are” schemeparent

Comments

Yup. This is an example of how Bitcoin is superior to USD— USD is not so readily subject to cryptographic proof. :)

You could use it to show that USD obligations jive with third party audits, insurance, or accounts in a bank if you could get the bank to produce signed attestations... though the trust isn't eliminated there, just shuffled around.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.