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Topic: Proof of ownership or proof of reserve for individuals/companies - page 2. (Read 186 times)

hero member
Activity: 644
Merit: 661
- Jay -
This platform would allow any bitcoin users to “prove” to anyone that he actually owns some bitcoin. Of course, I know you can ask anyone to sign messages with keys and all but it’s not easy to understand/do for someone who is not into Bitcoin (especially banks).
They could do a bit of research and educate themselves. Understanding how to sign/verify a message is not hardwork, is totally free, and the key here is verify, instead of trusting what another party says.

I was thinking of creating a platform where a user could declare its bitcoin address, the platform challenges the user to verify its claim and edit a certificate that could be “trusted” by third parties like banks.
Will editing a certificate involve a process other than a signed message? How do you plan to verify who an address belongs to?

- Jay -
jr. member
Activity: 50
Merit: 12
https://github.com/straumat/
Hi everyone,

I have an idea and I wanted to ask you if it makes sense… it’s a bit like a proof of ownership or proof of reserve for individuals/companies.

My vision is that “simply” owning Bitcoin will “soon” be an advantage and you will be able to obtain things without having to spend them. As an example, in France, when you apply for a loan to invest in a house, crypto-assets are not taken into account in your wealth… To help bitcoin owners getting advantage of their assets ownership, I was thinking of creating a platform where a user could declare its bitcoin address, the platform challenges the user to verify its claim and edit a certificate that could be “trusted” by third parties like banks.

This platform would allow any bitcoin users to “prove” to anyone that he actually owns some bitcoin. Of course, I know you can ask anyone to sign messages with keys and all but it’s not easy to understand/do for someone who is not into Bitcoin (especially banks).

Please, feel free to tell me my idea is stupid but try to explain to me why.
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