Saylor vs. Proof-of-Reserves: Privacy First, Transparency Later

Michael Silor was never the same, and at the Bitcoin 2025 conference in Las Vegas, he made it clear what he feels about proving proof. short? He is not a fan. In fact, compare it with digital reward for broadcasting the details of banks for your child so that the whole world sees them. Sailor shared his views on the proof of evidence, on the pretext that payment for transparency exposes users and institutions to unnecessary danger.

The problem of placing the presented portfolios

During the committee, Celor, the CEO of the former Microstrategy, was not unprecedented. He said that proving archers, or Por creates more problems than it is permissible. The main idea behind Por is that encryption exchanges or guards publishes portraits to demonstrate that they maintain the assets they claim to have. Confidence is supposed to build. but According to Silor, it is also possible Build A bigand Lapse goal.

As he put it, exposing the audience’s wallet addresses weakens the safety net for all concerned. Passengers can track these titles. Social engineers can start collecting identities and patterns. Once they do so, the entire financial stack becomes, from institutions to individual investors, more at risk.

Where did this payment for transparency come from

Power’s ascension in a vacuum did not happen. I gained steam after FTX again in 2022. When he realized the world of encryption how easy to forge, exchange, and exchange Start Jogging Show evidence They did not do the same. Publishing the shortcuts of confidence.

Some of the biggest names in space jumped on the plane. Binance, Kraken, Bitget and Others all the joint wallet information to give users some peace of mind. At that time, it was logical. But Silor says that Move People only give a partial picture.

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Assets without obligations: half a designer house

The main issue of Saylor is that the proof of evidence only tells you only what the company holds, not what you condemn. You may see a billion dollars in Bitcoin sitting in the address, but you will not know if this company owes billions of creditors. Without obligations, numbers are a kind of meaningless.

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He believes that there is a better way to do this. Instead of the headquarters of the public portfolio, it presses the third -party audit operations. Real. Check by actual accounting companies with a reputation for protection. According to him, this is the only way to maintain confidence and keep the walls of the castle.

Not everyone agrees, and this is nothing new

Crypto loves a good discussion, and Silor’s comments definitely sparked one. Some people think it is immediately. Others believe that you follow the public portfolio Well If this is done carefully. reality He is, both of them The sides have a point. Good transparency. As well as security. Finding a middle ground is not simple.

But this is not the first time that Silor has pushed against grains, and it will not be the last. Whether you think he is completely or fully reasonable, the man knows how to create a conversation.

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The industry still has a lot to know that

Like most things in Crypto, the proof of proof is due to confidence, and whether you think it is better to show your balance or protect your asset. Porn He will not go anywhere yet. But it is not a matter of how to do this safely. Since the encryption companies are larger and more organized, you will need to find ways to prove that they are legitimate without placing bullseye on their backs.

Currently, Sailor maintains his close card and its wallets closely.

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Main meals

  • Michael Sailor criticized proof of proof in Bitcoin 2025, arguing that he risks more than confidence.

  • He believes that the public portfolio disclosure makes exchanges and investors more vulnerable to infiltrators and social engineering attacks.

  • Silor says that proving that only the assets, not obligations, say, provides a misleading image of financial health.

  • It supports third -party audits by reliable accounting companies instead of tracking the open wallet.

  • The debate about proof reflects a deeper division between transparency and security.

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