Major Bitcoin-Wuing Firm Executive Chairman Michael Sareer, earlier microstrati, states that institutions posting onchain proof-off-reviews are a “bad idea” that can cause safety risks.
“The traditional way of publishing evidence of the store in the current, traditional way is an unsafe proof of the store,” Siler said that when asked about institutions adopting transparency measures on 26 May on the occasion of Bitcoin 2025 conference in Las Vegas.
“It actually dilutes the safety of the issuer, custodian, exchanges and investors. This is not a good idea, it’s a bad idea.”
Saylor did not reply whether the strategy would publish its proof-off-registration when Asked Mitchell, head analyst of blockware solutions, said whether his firm would do so.
I asked @Saylor If @Microstrategy There is a plan to publish the reserve on-chain proof
His answer will blow you
“it’s a bad idea.”
– security risk
– Big 4-Odged liabilities even irrelevantCheck it out. pic.twitter.com/tixuckgbep
– Michelle ✝ (@Mitchellhodl) 27 May, 2025
Proof-off reserve Crypto is common among exchanges and verify that the company holds sufficient crypto reserves to cover customer deposits. They can also confirm that other institutions, such as crypto-tracking exchange-traded funds, have the required amount of crypto for funds.
Saylor admitted that the industry had a lot to learn a lot from the collapse of Crypto exchanges FTX and Mount Goks, but said that there is no right way to take evidence-reservoir institutions.
“No institutional-grade or enterprise security analysts will think that publishing all wallet addresses is a good idea, as if you can be detected forward and back.”
“Go to AI, put it in deep think mode and then ask ‘What are the security problems of publishing your wallet addresses?” And ‘how can it reduce your company’s safety over time, “Saylor said, it will add” 50 pages of security problems “.
Increased evidence after FTX collapse
Many Crypto Exchange, Patron and Buster business fund issuer After FTX collapse in November 2022, his proof-off-reservoirs began to publish and proved that they had enough assets to return the customer deposit.
Connected: Strategy Bag 4,020 Bitcoin The price briefly falls $ 110K
Crypto exchange Benance, Crackon and Oakx And crypto asset manager Bitwaiz Among the players of the industry who have adopted transparency measures.
However, Saylor said that proof-off-revolution often only shows only one side of the picture-what the company keeps-and No, what are they outstanding,
Saylor’s strategy is of the world The largest corporate bitcoin holder, The price of 576,230 bitcoin on its balance sheet with $ 62.6 million, followed by bitcoin mining firm Mara Holdings, which has 48,137 bitcoins, According For bitcointreasuries.net.
There are more than 110 public trading companies worldwide Buy and hold bitcoin,
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