The Wyoming model is promising.  I guess for those dead set against self custody for whatever reason, the Fedimint model is an okay compromise. 

fair enough! thanks for the link then :)) 

does not change a fact you might provide your thoughts on additional ways to validate information or out of context methods to ensure semi custodial models

tosky

I wish I could say I wrote that, but I just linked the article! Lavish is a hell of a lot smarter than me. For what it's worth I liked your response. 

siggy47

bitcoin

Merkle Trees and The Simple Problem with Proof of Reserves

Thanks James, solid description. Am wondering if there is some form of a new revolutionary way for these users who already entrusted custody to third party outside of collaborative custody to address these challenges. 

As you said, we again relay on accounting/auditing firms to prove that their funds exist. Reckon the Wyoming bank charter ensuring no rehypothecation is a step forward as well in traditional world. 

What about some form of zero knowledge proofs?