Ethereum World News
Bitcoin maximalists reveal Proof of Keys failures but is it all just FUD? Gary McFarlane by Gary McFarlane January 5, 2019 Bitcoin maximalists reveal Proof of Keys failures but is it all just FUD? Source: www.ccPixs.com via Flickr
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ADVERTISEMENT Proof of Keys Celebration day has been and gone, so which exchanges failed the stress tests?
To briefly recap, 10 years ago on 3 January bitcoin’s genesis block was mined and this was the day picked for the so-called Proof of Keys Celebration.
The brainchild of Trace Mayer, the proof of keys (PoK) event was conceived as a sort of stress test for crypto exchanges and as an educational project to encourage crypto holders to take full control of their private keys in a declaration of monetary sovereignty.
There are suspicions in some quarters that there may be exchanges operating a form of fractional reserve banking, in which they loan out or otherwise make use of the deposits of their customers. https://ethereumworldnews.com/bitcoin-maximalists-reveal-proof-of-keys-failures-but-is-it-all-just-fud/
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