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Yesterday was publicised as a “Proof of Keys” day when folks with accounts on Bitcoin exchanges had been urged to withdraw their steadiness right into a stand-alone pockets for the day as a check whether or not the exchanges really held all of the Bitcoin that had notionally been bought from them or deposited with them.
Are there any verifiable figures for the proportion of total-holdings withdrawn from the most well-liked exchanges?
The absence of any reply right here in three years suggests to me that the readers of this web site maybe do not know of any good proof of serious participation within the annual train advocated by the “Proof of keys” web site.
The “Proof of keys” web site says that is an annual occasion each January third.
Nevertheless blockchain.com’s graph of buying and selling volumes reveals no peaks on January third.
There is a peak there on December fifth and at different instances however no proof of any really vital large-scale “Proof of keys” exercise on January third that might stress-test the exchanges.
I conclude that the entire thought of a coordinated annual withdrawal of cash as a stress-test of exchanges is essentially nugatory as a result of it has by no means correctly occurred to any vital extent and doubtless would not work in the best way instructed.