Noah Buxton and Jeremy Nau (Armanino) on the Proof of Reserve Restoration (EP.212)

Noah Buxton and Jeremy Nau from accounting firm Armanino LLP join the show once again to discuss the launch of the Chamber of Digital Commerce’s new whitepaper on Proof of Reserves, which they contributed to. In this episode:

  • What was the purpose of the paper by the Chamber? What problems does it solve?
  • History of PoR and Armanino
  • When did Armanino first get into it? why?
  • What’s involved in a PoR? Why include an audit firm?
  • Why exchanges are so reluctant to do PoR
  • How trustless and fraud-proof is the process? what are the pitfalls?
  • What are the prospects for protecting privacy in PoR?
  • Other related engagements that Armanino is undertakin
  • How do you expect the industry to respond to it?
  • Different procedures that PoR refers to
  • The semantic drift of PoR
  • Armanino’s PoR Taxonomy
  • Why accounting firms have an important role in PoR