Post
Topic
Board Bitcoin Discussion
Re: Proof of ownership or proof of reserve for individuals/companies
by
LoyceV
on 04/07/2024, 07:01:45 UTC
when you apply for a loan to invest in a house, crypto-assets are not taken into account in your wealth…
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This platform would allow any bitcoin users to “prove” to anyone that he actually owns some bitcoin.
And the day day after your loan is approved, you lose all your Bitcoins in a casino.... See my point? Collateral is useless if the bank can't access it.

It doesn't looks good, pretty much like a honeypot.
This will be a gold mine for $5 wrench attacks.