Jesse Powell

@jespow ↗

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Last Checked Feb. 15, 2023

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Fri Nov 25 20:58:00 +0000 2022

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Jesse Powell @jespow

@KevinMurcko Thanks for the link. The merkle tree of client liabilities is useful if you have an auditor to confirm that no negative balances were included. Balances are 1/2 of the equation. We need to know that the exchange has control of the assets >= liabilities. https://t.co/y6lJag9vMM — PolitiTweet.org

@jespow That was exactly my thought earlier today https://t.co/gjwdW47SxJ

Posted Nov. 25, 2022

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Jesse Powell @jespow

@NikitaAFadeev @CdennehyChris @VitalikButerin As others have said, this is worse than nothing because it's pretending to be something it's not. It's not just "not enough". It's literally nothing but it does raise a question: why would someone hold out nothing and call it something? — PolitiTweet.org

Posted Nov. 25, 2022

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Jesse Powell @jespow

@FatManTerra @hellspawncrypto @cz_binance 1. When did they verify ownership of wallets? 2. how do we know balances didn't include negative? 3. merkle tree is worthless without auditor review 4. without the auditor it's all nothing. This is like saying "we built a rocket. engine coming soon." What you have is a tube, bro. — PolitiTweet.org

Posted Nov. 25, 2022