Re:How the Bitcoins Were Stolen from Mt. Gox [video]
by STRML on Monday September 18, 2017 @02:45AM
(#15273840)
At BitMEX we do 100% offline multi-sig. Unfortunately, that also means any form of live proof-of-reserves is quite difficult to do, as the keys are offline.
Early in our history, we thought once-a-day withdrawal would be a problem customers would be quite vocal about. Instead, we found many of them appreciate what it means - that the keys aren't hooked up to a hackable webserver, but are actually protected. Accessing funds should be difficult and should require human interaction.
Re:How the Bitcoins Were Stolen from Mt. Gox [video]
by jameskegel on Monday September 18, 2017 @09:01AM
(#15275433)
Pardon me for sounding ignorant, but how does this process work out procedurally each day?
We know it can be done, and we k ow that none of the exchanges do it anymore.
As hopeful as I am, I know that scaling number of users is much more important for exchanges than advancing security through cryptography that users can verify.