If doing proof of keys/reserves meant revealing all the exchange's public keys, would it be worth the privacy implications for the clients?
- Yes27.8%
- No25.6%
- Depends15.5%
- See Results31.2%
3,524 votesFinal results
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- exchanges hold funds in omnibus accounts so there's no per-user balances
- exchanges have no privacy anyway
several companies have identified the cold/hot wallets for multiple exchanges. kraken's balances are by no means 'private'.
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Not all wallets are identified and publicly enumerating all wallets would increase transparency and certainty around data for anyone looking in from the outside without a subpoena.
has anyone attempted/suggested a zkp implementation of this yet?
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How would this be done without identifying all wallets?
Is it even possible?