hi R & G
can u guys make a html page whereby our username forexample bitfinex(ID for today is :833333 time and date stamp)
part 1
so the html page user 833333 will have all their details including time and datestamp for eg.. user id 833333 timestamp:xxx total btc xxx total ltc xxx total fiat xxx total btc + ltc + fiat
in this case we can actually check ourself if our own amounts are correct.. if anyperson check and their amounts are fake.. they can print screen and show the world.. and if its true then yes u guys have already much proven that the amount is correct.. as for the hotwallet and cold wallet..
part 2 btc and ltc screen auto refresh every 5 mins got time stamp in blockcghain
maybe u guys can have a web view of the computer screen as in physical screen to your wallet address in block chain..then using a market or a paper u guys can block some part opf the address... which means.. u need to buy a screen for each wallet u guys have.. but masking out part of address, masking out part is to make sure that u guys have a own unique wallet not wallet from mount gox or huobi wallet..
so example if the user have 1mil bitcoin.. but your cold and hot wallet add up to 500k = means that smt is suspicious.. but if your hot and cold wallet have 980k to 990k++ then its seems still ok..
part 3 for fiats amount (letting ppl know how much that is in your bank and the full account number does not compromise the company $ unless he can hack a bank)
using the physical screen.. login to the ibanking of bitfinex bank account i dont care how many just show all in live cam.. also auto refresh and there is a date stamp too i guess in everybanking system..and letting as see a webpage using a live camera pointing to the screen in clear view...
by doing part 1, we check our own amount and if its correct its good but not enough proof so we proceed to part 2 live camera in front of your hot wallet and cold wallet, u can mask address but not all and lastly a live camera poling to your lcd screen to show us amount of how many banks u guys have.. lets give a + - xxxk if the amount exceeds that means there MIGHT BE A FRAUD..
and well do not tell us that ELECTRICITY is expensive because if u dare to do all this, u guys should have more people coming to bitfinex and u guys earn the commission.. its a win win situation unless u guys wanna keep something hiding from us..
what do u guys think of my idea?? good or bad.. if good pls help me promote it... sorry for bad english... and why i choose live cam instead of live pic because life camera hard to modify and u can even put a fighting fish in a jar beside your desk to show us that ITS REALLY REALLY REALLY LIVE!!!! because the fish will be swimming and what the fish does is not systematic..
1) Bitfinex will never reveal to the public the public keys where it stores the Bitcoins and the Litecoins of his customers.
2) Bitfinex will never reveal to the public the banks and the bank accounts where it stores the fiat deposits of his customers.
3) Bitfinex runs a platform where numbers reconciliation involves a pretty sophisticated understanding of the dynamics related to shorting and leveraged trading.
4) Bitfinex has nothing to hide, doesn't do marginal reserve and will always try to keep all of its customers funds as safe as possible.
5) Bitfinex is in this moment seeking for a solution that would actually make sense in certifying point 4 with respect to points 1, 2 and 3 and we will keep you posted about that.
I believe the above points are pretty easy to understand in their respective motivations.
The technology we are dealing with (Bitcoin and Litecoin) is subject to points of weakness and trading platforms can't be as transparent as the blockchain is, due to risk and safety implications.
We hold these concepts to be self evident.
If somebody is not happy with the above points he can always withdraw his funds and seek for a better option.
Nothing and nobody obliges you to stay.
Have a good day
Giancarlo
Bitfinex Team