Strategy CEO Calls Proof-of-Reserves Risky and Misleading - adtechsolutions

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Strategy CEO Calls Proof-of-Reserves Risky and Misleading


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The CEO of Strategy, Michael Saylor,, Shared concerns about how companies deal with insured reservescommon practice of the crypto industry.

Retention proof is a method that is often used by the crypto exchange and related services to confirm that they have sufficient digital assets to match customers’ deposits. It is thoughtful to help users believe that the company does not hide financial problems.

Speaking on May 26 at the event during bitcoin

Btc

109.620,88 USD



2025. Conference in Las Vegas, Saylor stated that The usual way of posting a reserve data on the chain is not sure.

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He added:

In fact, it dilutes the safety of the publisher, the guardian, the exchange and the investors. It’s not a good idea, it’s a bad idea.

Asked if the strategy itself would provide protection, Saylor did not give a clear answer. The question came from Mitchell ASKEW, the main analyst at Blockware Solutions.

However, Saylor claimed to be just showing what the company ownsnot what he owes. He also said: “No institutional class or company analyst would think that it was a good idea to publish all the addresses of wallets, so you could follow back and forth.”

He warned that The publication of these details allows outsiders to follow and follow the activitywhich could lead to targeted attacks. Saylor suggested that artificial intelligence (AI) is further exploration of risks asking her: “What are the security problems of posting your wallet addresses?” And “How could this undermine your company’s safety over time?”.

Meanwhile, Saifedean Ammous, author of the book Bitcoin standardHe shared his thoughts on handling the unwanted division on the Bitcoin network. What did he say? Read the whole story.

After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
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