Jesse Powell

@jespow ↗

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Last Checked Feb. 16, 2023

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Fri Nov 25 21:24:19 +0000 2022

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Jesse Powell @jespow

@AriDavidPaul Yeah, borrowing to fill the hole during an audit is one of the shortcomings but it could be spotted on chain. Harder to conceal with frequent audits. Also, maybe you can pull it off for a small shortfall but at $1b+ it gets harder to find a lender willing to take the risk on you. — PolitiTweet.org

Posted Nov. 25, 2022

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Jesse Powell @jespow

@FatManTerra @gods_protege1 @cz_binance @binance I could be missing something. Maybe @nic__carter can chime in. As far as I can tell from a quick look at a few of these, I don't see how they have accounted for the negative balance in the merkle tree problem. Have the self-attested provided a transparent list of all balances? — PolitiTweet.org

Posted Nov. 25, 2022

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Jesse Powell @jespow

@kyle_chasse @Nexo I can't find much info on how this works. If you have cold storage, how are you proving that you still have control all the time? Unless all users are running real-time validation bots, how would they actually test the process? How could the auditor review everything in realtime? — PolitiTweet.org

Posted Nov. 25, 2022