Proof of reserves is meaningless without proof of liabilities
Knowing that you have 500,000 is meaningless if we don’t also know that you owe 5 million
“Crypto is literally just made up BS”
That’s what this man, David Gerard has to say. And he’s not the only one that believes this. Over the past few weeks I’ve had article after article sent to me stating the crypto market is a lie. And at first my reaction was “yeah.. Yeah.. another hit piece. Who cares”
But the more I dug in the more the arguments made sense.. And this led me to the question “what if crypto is actually far smaller and shadier than we think?”
Does that mean any investment here is doomed to lose money or is this just a new market working out its kinks. I needed to learn more…
What if crypto is actually far smaller and shadier than we think?
