Jesse Powell

@jespow ↗

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Last Checked Feb. 15, 2023

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Fri Nov 25 21:09:37 +0000 2022

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Jesse Powell @jespow

@AriDavidPaul Think of the audited merkle tree of client balances as proof of MINIMUM liabilities. You will never be able to prove 100% of total MAX liabilities but you can prove what you owe to clients and control. Gox and FTX would not have been able to prove assets > client liabilities. — 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

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Jesse Powell @jespow

@FatManTerra @hellspawncrypto @cz_binance It's a 0 or 1 thing though. You don't get 5% credit for baking a cake because you threw some flour in a bowl. Without the complete process, it's 100% worthless. To give any credit for this is a mistake. Question why they'd be seeking credit for it though. https://t.co/aAKmopNTzq — PolitiTweet.org

@FatManTerra @jespow @hellspawncrypto @cz_binance There is no step one, it’s useless without auditor, there is no half-way

Posted Nov. 25, 2022