how many sites will show the proof of ,how much Bitcoins they have?

[girlbtc.com]

as the title metioned.

[NorrisK]

In theory all the sites can do this. They can simply send a predetermined number of coins from one address to another address to proof that the coins are in their control.

There are some examples were exchanges have moved coins to do this, but generally people only ask for it when there is fear of insolvency.

Another way is to have an independant security / financial expert check their financials and provide a report.

In the end it is not so much a question of how many sites can provide the proof, rather than how many sites will provide the proof.

[girlbtc.com]

In theory all the sites can do this. They can simply send a predetermined number of coins from one address to another address to proof that the coins are in their control.

There are some examples were exchanges have moved coins to do this, but generally people only ask for it when there is fear of insolvency.

Another way is to have an independant security / financial expert check their financials and provide a report.

In the end it is not so much a question of how many sites can provide the proof, rather than how many sites will provide the proof.

hmmm..... how many will? escpecially dice site , exchange site etc.

[tiggytomb]

All of them should be able to really, well the legit ones anyway.
Can I suggest you change the title as BTCS is or at least was an altcoin and might cause confusion.

[girlbtc.com]

All of them should be able to really, well the legit ones anyway.
Can I suggest you change the title as BTCS is or at least was an altcoin and might cause confusion.

done

and  I think even the proof show is not the garantee of payment ,but it is better than no show.

[bdonlan]

There is no reason for a site to not show proof of their controlled BTC....
If the vast majority request it, if the site is legit there should be no hesitation

[pooya87]

one thing that you have to know is that announcing your finances is not always a good idea. especially with smaller businesses and those sites that do not have a strong security team.

because saying i have 1,000,000,0000BTC is like an open invitation to all hackers on the internet saying come and enjoy the feast!

[girlbtc.com]

one thing that you have to know is that announcing your finances is not always a good idea. especially with smaller businesses and those sites that do not have a strong security team.

because saying i have 1,000,000,0000BTC is like an open invitation to all hackers on the internet saying come and enjoy the feast!

you are more proffessional

even the bitcoin in address is safe enough for the tech of bitcoin.

but the place you keep your priv key is not always safe .

[Betwrong]

one thing that you have to know is that announcing your finances is not always a good idea. especially with smaller businesses and those sites that do not have a strong security team.

because saying i have 1,000,000,0000BTC is like an open invitation to all hackers on the internet saying come and enjoy the feast!

But what is stopping from dividing that amount among hundreds of different addresses? I mean to prove that you have the money it's not necessary to have all of them in one wallet, right?

Actually I don't see the point of providing such a proof because either they have it or not they can always refuse to pay you saying they were hacked for example.

So the real proof of capability to pay you would be a certain amount in an escrow.

[NLNico]

Several dice sites do list this. Especially sites that accept investments (crowdfunded bankrolls.)

SatoshiDice
18e5jpfn9zo9GQov1Ks9Pzh6Yam2SvFqqo - 1,121 BTC
1DmqFgYfKMT1F8B3tGhVMFf82vdgdSsjNV - 1,580 BTC

BitDice
146syqE3vnfQp4VauBRUnUuAgvxMoitxcK - 1,500 BTC
1P8yKwe4LMRfy1kCBgC97w6Z3D3cNLYbxg - 554 BTC

MoneyPot
37Ymp6HJLMVnxvhdFFH9C2jpRcB7LTmZPc - 810 BTC

Crypto-Games.net
1Lfb39v37yRCK4HzWcPkDzTGFG8eebCUF7 - 613 BTC

SafeDice
1SD1ciWyeDNf26YoAUjSsifQZK1ShFJ2s - 129 BTC

Some of those are tracked on my site https://dicesites.com too (I will still improve this feature soon-ish.)

Private owned sites generally don't make this public.

Although those public addresses can show proof of solvency (should be in combination with account balances), the disadvantage is privacy. Especially with companies like Coinbase who are trying hard to block funds from gambling sites and freeze related accounts, public addresses can be a problem.

BetKing for example (with 5.6k BTC invested), doesn't make their addresses public anymore because of it. Owner still wants to have private audits from time to time (last from Dooglus.) I might make a script to daily verify those private addresses/signed messages and put the amount/percentage on my site (but it's still not as perfect as public since you still have to trust me to do that fair )

[pooya87]

one thing that you have to know is that announcing your finances is not always a good idea. especially with smaller businesses and those sites that do not have a strong security team.

because saying i have 1,000,000,0000BTC is like an open invitation to all hackers on the internet saying come and enjoy the feast!

you are more proffessional
even the bitcoin in address is safe enough for the tech of bitcoin.
but the place you keep your priv key is not always safe .

i am not saying hackers are going to hack bitcoin private key, that is obviously not possible. i am talking about hackers attacking the site itself and stealing the coins just the same way they have done with bitfinex, cryptsy, btter, and many other incidents.

~~~
But what is stopping from dividing that amount among hundreds of different addresses? I mean to prove that you have the money it's not necessary to have all of them in one wallet, right?

Actually I don't see the point of providing such a proof because either they have it or not they can always refuse to pay you saying they were hacked for example.

So the real proof of capability to pay you would be a certain amount in an escrow.

again my comment is not about securing your coins, they should go for cold storage anyways.

the issue is with announcing it.

and what i mentioned is one of the reasons why a lot of businesses don't release a real Address for their headquarters but they only give a PO box or something similar because they fear robbers go there with guns and physically steal their money.

p.s. i will link the quote to a big service that said this if i can find it.

[girlbtc.com]

one thing that you have to know is that announcing your finances is not always a good idea. especially with smaller businesses and those sites that do not have a strong security team.

because saying i have 1,000,000,0000BTC is like an open invitation to all hackers on the internet saying come and enjoy the feast!

But what is stopping from dividing that amount among hundreds of different addresses? I mean to prove that you have the money it's not necessary to have all of them in one wallet, right?

Actually I don't see the point of providing such a proof because either they have it or not they can always refuse to pay you saying they were hacked for example.

So the real proof of capability to pay you would be a certain amount in an escrow.

escrow is not safe either.

because escrow is an account( human), ......hmmm.....she or he will die , maybe leave a great amount of btcs in an escrew address. no one else but the escrew himself can control it .but he will never even move on satoshi from then on.

do you think so?

[ranochigo]

one thing that you have to know is that announcing your finances is not always a good idea. especially with smaller businesses and those sites that do not have a strong security team.

because saying i have 1,000,000,0000BTC is like an open invitation to all hackers on the internet saying come and enjoy the feast!

Declaring your total assets in the buisness would likely not attract hackers to try to get your funds. Most sites used cold storage to store majority of their funds. Quite frankly, there is no attack vector as long as it is generated and managed well. Furthermore, users would be able to find out the addresses storing the BTC even without the site declaring it.

But what is stopping from dividing that amount among hundreds of different addresses? I mean to prove that you have the money it's not necessary to have all of them in one wallet, right?

Nothing, but most sites have a cold storage address where they store majority of their funds and they can use it to sign a message and prove that they have the funds.

Actually I don't see the point of providing such a proof because either they have it or not they can always refuse to pay you saying they were hacked for example.

It would be better than nothing. Mt gox was insolvent for months and  no one knew. A verifiable proof of solvency will at the very least assure the users that they are solvent.

escrow is not safe either.

because escrow is an account( human), ......hmmm.....she or he will die , maybe leave a great amount of btcs in an escrew address. no one else but the escrew himself can control it .but he will never even move on satoshi from then on.

do you think so?

You can use multisig and require several escrows to sign before the funds can be spent. This would provide quite some redundancy.

[Prettygirl01315]

as the title metioned.

What do you mean in gambling site?? It shows in gambling site like bustabit, primedice, satoshimine and etc. You check it by their address. Another have cash fund in their website is the trading site like c-cex.con and yobit.net. Check it only also. But in investment site specially hyip there is sometimes no cash fund in there site which is really means that the site a scam site.

[TraderETH]

I think it is secret of owners of gambling websites and they never show up about bitcoins in reserve. And there are not many companies who show their capital on to the public.

[Mastsetad]

If a site is legit and quite famous among the people and they really has the money they say they do, then they should have no problems for proving that to their users so that they can trust them in a better way.

[davis196]

as the title metioned.

What sites are you talking about?

Gambling,cloud mining,online wallets?Can you be more specific.

If they want to build a legit business,they will show the real amount of bitcoins they have.

[Kprawn]

as the title metioned.

What sites are you talking about?

Gambling,cloud mining,online wallets?Can you be more specific.

If they want to build a legit business,they will show the real amount of bitcoins they have.

You will paint a target on your back, if you do this. Hackers tend to go for high value targets. In rare instances, some companies will

show this, to give proof of their solvency... but this is not standard practice. How many other smaller companies are showing their bank

balance to the public in fiat systems? We just do it, because we have to prove a point to our investors and shareholders. 

[BitcoinHodler]

as far as transparency goes businesses that are accepting money from people and are supposed to pay them should provide some kind of proof that they own a certain amount of bitcoin. and usually this is done by them releasing a known address of their business to show the balance.

but the problem is not all businesses are transparent or even care about it.

[virusasog]

as far as transparency goes businesses that are accepting money from people and are supposed to pay them should provide some kind of proof that they own a certain amount of bitcoin. and usually this is done by them releasing a known address of their business to show the balance.

but the problem is not all businesses are transparent or even care about it.

But NCNico shared some about cryptogames, satoshidice and etc. However apart from these kind of sites bitcoin wallet sites won't share the details about the consumers wallet amount to the open ledger to the world. If we knows the wallet address you can easily check on the google.