Base

hey @jessepollak any thoughts on this?

are the proof of reserves onchain?

i mean tron is a literal ghost chain, but still the questions are valid.

@base builder #001; onchain cities w/ OAK & city3

Justin is a con man spreading FUD because his associations with wBTC has left it rekt. Wouldn't say Tron is a ghost chain though.

ghost chain as in it’s hard to trace anything on there.

that I can agree with, but the term ghost chain is universally used for chains w/o a live dev community, sinking TVL etc.

Oh I see. As for your question re proof of reserves, Coinbase favors professional 3P audits since proof of reserves are easily gamed. (Though I don't have anything to do with cbBTC so I am only speculating. .. I just imagine that will still be their position.)