In a recent tweet, Michael J. Burry expressed his opinion about the new idea of 'Proof of Reserves' that Binance laid out after the collapse of FTX, but he thinks that those audits are essentially meaningless right now because the people auditing doesn't know how it really works yet, so they are literally 'learning on the job', and that's not a good thing.
What do you guys think about this new idea that CZ had? Could be useful?
More info about the tweet here:
https://twitter.com/michaeljburry/status/1603786372996665344
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