Jesse Powell

@jespow ↗

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Last Checked Feb. 17, 2023

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Fri Nov 25 21:36:02 +0000 2022

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Jesse Powell @jespow

@scottburke777 @VitalikButerin The merkle tree is 100% worthless without someone to verify that it didn't include negative balances. We still have not seen proof of control of any list of wallets either. 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

@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

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Jesse Powell @jespow

@cadhodl @PopMelancholic @FatManTerra @hellspawncrypto @cz_binance This proves neither assets under control nor total client liabilities. This merkle tree is just hashes of rows on a spreadsheet, for which we have no idea whether has been fully captured, includes negative balances, etc. It's completely worthless as evidence of anything. — PolitiTweet.org

Posted Nov. 25, 2022