Michael Saylor sagt, dass „Beweis für die Reserve“ eine schlechte Idee für Institutionen ist: Warum dies eine große rote Fahne ist
https://ecency.com/@badbitch/michael-saylor-says-proof-of-reserve-is-a-bad-idea-for-institutions-why-this-is-a-major-red-flag-9rs
14 Kommentare
Yea, its not a „major“ red flag. He can run his MULTIBILLION business any way he pleases. If you dont like it, I suggest you start posting your address as you work your stack higher. Until then, please let the billionaire with the vision run his company, his way.
I get that you wouldn’t want all your addresses exposed. But on a corporate level it should be done. Have some BTC privately if you like but if other people invest in your business, they should have the right to full transparency.
Saylor is a major red flag
tldr; Michael Saylor, executive chair of MicroStrategy, criticized the concept of ‚proof of reserves‘ for institutions, claiming it poses security risks by exposing wallet addresses. He argued that publishing such information could dilute security for issuers, custodians, exchanges, and investors. Critics counter that transparency is essential, especially after incidents like the FTX collapse, and question Saylor’s stance, suggesting it may raise concerns about potential fraudulent practices or lack of accountability in institutional crypto holdings.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He needs to build in some transparency. Ideally, as he sees himself as a leader in the space, he should be working with trusted auditing firms to establish a benchmark for how you audit proof of reserves while maintaining security. I don’t need to know their wallet addresses, but I do want to know that a reliable source is auditing them regularly.
But him owning it is ok lmao
He’s actually right
That’s the sense of proof of reserve that the wallet existing including the tokens it stored
The KYC that companies keep are the red flags since the major breach from Coinbase, we are seeing Crypto millionaires getting abducted.
What happened to „don’t trust, verify“ ?
Hamza v MicroStrategy. This case will definitely touch on this.
The devil is in the deets.
Yeah this is a ponzi
How much you wanna bet Strategy doesn’t actually own all the bitcoin they say they do?
A man who was once found guilty for fraud and overinflating assets shouldn’t be trying to hide „proof of reserves“ if he wants to shed his past.
But I guess Aesop’s fable about the scorpion is as true today as it was then.