I sent dooglus a signed message from Betking cold storage addresses that he can verify and prove solvency.
I received a signature for a message that said:
'this is a betking cold storage address'
The address which was used to create the signature contains a little over 4500 BTC.
Dean tells me there's ~100 BTC in the hot wallet too.
So that's a proof of assets. For real proof of solvency we would also need to see a proof of liabilities (ie. investment amounts) to make sure that liabilities don't exceed assets. The danger is that there are 10 investors each having invested around 1000 BTC, so the total liabilities are over 10k. I'm not suggesting that this is the case, merely that it is possible if each investor doesn't have a way of making sure his coins are counted in the claimed total.
While your point is true I don't think it's really important in this case.
I only asked you to sign that just to prove the assets were still there to ease some doubt (not investor doubt) after removing from public address.
My investors are fine with the change and don't need me to constantly publish figures for amounts invested.
This is quite different from when you were running Just-Dice and had hundreds, maybe thousands? of investors all with varying amounts.
Over half the BetKing bankroll is made up of funds by 3 people and then almost the total bankroll left made up by just 7 other people.
Thanks