Post
Topic
Board Service Announcements
Re: Inputs.io | Instant Payments, Offchain API, Secure Wallet, 82000 BTC transferred
by
xmrk2
on 21/08/2013, 19:56:04 UTC
would it be possible to publish some transparency report? (And would you - customers - be interested?) Motivation is, that we all hate fractional reserve banking, so I'd like to see proof that inputs.io does nothing like it. Basically you'd have to publish all assets and liabilities of inputs.io. Ownership of assets (BTC) is easy to prove, just sign a message. For liabilities, completeness should be checked, so every depositor would check his deposit is listed.

Of course, there is problem that such report threatens anonymity. I hope this can be solved, by clever use of splitting accounts into subaccounts, just for the purposes of this transparency report. So if I have 6 BTC in inputs.io, I would be given 2 random numbers id1 and id2 after my login, and the report would contain, say
id1 - 2.3 BTC
...
id2 - 3.7 BTC
...
Still not sure how to do it well and simply, I guess it is good to have many equal subaccount balances, and many "random" balances (not correlated to transaction volumes).
Needless to say, this should be checkable automatically.

I have to admit my interest is more theoretical than practical, I only use inputs.io for accessing coinlenders. Perhaps this report would have some marketing value - "we are not bank, we are better", "don't trust us, check yourself".