Re:Another successful DAO attack recursive split
by grapehut on Sunday June 19, 2016 @03:34PM
(#11934326)
Umm? Maybe you misread the title: "Off-Chain Transactions" which according to the article: "An off-chain transaction is the movement of value outside of the block chain."
So yeah, an exchange like Mt Gox can not prove they own the USD they should own, but can prove they own the bitcoin they claim to own. How is this a problem or limitation of bitcoin again?
[1] https://en.bitcoin.it/wiki/Off-Chain_Transactions#Auditing