Proof of Reserves? Michael Saylor says no

Bitcoin 2025 He started today in Las Vegas and will launch until Thursday.

It is the biggest event of Bitcoin in the world – and this year’s speaker composition definitely lives to the hyper.

We have a creator of Silk Road Rossa Ulbrichta, Cynthia Lummis Senator, Peter Schiff. Yes, Golden guy, #1 Bitcoin Hater alone.

You can move Complete list hereBut today we are especially focusing on one name: Michael Saylor.

He is the co -founder of the Strategy and the basis of the face of the Bitcoin corporate shopping.

(Sidenote: We deeply dived why companies like a strategy are important for Bitcoin’s future – Check if you missed it!)

In any case, Saylor wondered if a strategy planned Post the reserve proof (POR).

In ordinary English: Will they publicly show the addresses of wallets to prove that they actually hold bitcoin they say they work?

Answer? .. Not ❤️

He said that POR is risky and straight up just badly for institutionsbecause:

• Por only shows property, not obligations. So, you do not know what debts or risks are hiding behind these reserves;

• Division of the address of the address publicly exposes long -term proportions, which can create the risks of privacy or even safety threats.

Saylor says that Institutions need a much stronger standard: like a Big Four audit that not only check the stakes, but also ensure that Bitcoin is not borrowed or used as a collateral, and the executives are legally responsible for results – just as the strategy did.

And this had some people crazy.

Here why They got angry:

• Bitcoin’s whole thing is transparency – you should be able to checknot just trust;

• By saying “we have reserves, just trust our auditor” feels like a tradfi, not a crypto.

That was said …

Strategy is Tradfi. When you buy $ Mstr, you don’t buy bitcoin – you buy shares at a public company he accidentally owning.

It’s the whole setting Built for institutional investorsnot the average crypto degen. And let’s be honest, institutional clients are probably more concerned with audit reports than to see the addresses of wallets.

So yes, It’s a little weird to criticize them for using a tradfi model … When they are literally a trtumfi company.

And just as Saylor pointed out: If you want true cryptocurrency style safety, buy Bitcoin directly and self -driving.

But if you want to start with an institutional route, the real financial audit – not the shots of the wallet screen – will be the way.

You are in knowledge now. But think about your friends – they probably have no idea. I wonder who could fix it … 😃🫵 Expand the word and be a hero you know you are!