{"id":28777,"date":"2025-05-27T12:16:34","date_gmt":"2025-05-27T12:16:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28777"},"modified":"2025-05-27T12:16:34","modified_gmt":"2025-05-27T12:16:34","slug":"michael-saylor-calls-proof-of-reserves-a-crypto-parlor-trick-but-binances-ex-ceo-cz-isnt-having-it-he-probably-sold-bitcoins","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28777","title":{"rendered":"Michael Saylor Calls Proof Of Reserves A &#8216;Crypto Parlor Trick&#8217;, But Binance&#8217;s Ex-CEO CZ Isn&#8217;t Having It: &#8216;He Probably Sold Bitcoins&#8217;"},"content":{"rendered":"<div>\n<p><strong>Strategy Inc.<\/strong>\u00a0(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) co-founder <strong>Michael Saylor<\/strong> on Tuesday <a href=\"https:\/\/www.benzinga.com\/markets\/25\/05\/45590907\/microstrategy-chair-michael-saylor-warns-of-end-of-digital-gold-rush-get-your-bitcoin-before-there-i\">sharply criticized the practice<\/a> of publishing proof of reserves, calling it a security liability and a distraction from what truly matters, audited financials and institutional-grade transparency.<\/p>\n<p><strong>What Happened: <\/strong>His <a href=\"https:\/\/x.com\/ProfessorB21\/status\/1927218071069966502\">comments<\/a>, made in a public address, dismissed proof of reserves as a &#8220;crypto parlor trick&#8221; that offers no real protection and exposes companies to significant risk.<\/p>\n<p>&#8220;It&#8217;s like publishing the addresses and bank accounts of all your kids,&#8221; said Saylor. &#8220;It doesn&#8217;t make your family safer.&#8221; <\/p>\n<p>He warned that making wallet addresses public opens an attack surface for hackers, nation-state actors, and other malicious entities. &#8220;You publish your wallet, that&#8217;s an attack vector,&#8221; he added.<\/p>\n<p>Saylor&#8217;s central critique is that most current proof-of-reserve disclosures are incomplete and misleading. <\/p>\n<p>&#8220;It&#8217;s a proof of assets that is insecure and not &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45615233\/michael-saylor-calls-proof-of-reserves-a-crypto-parlor-trick-but-binances-ex-ceo-cz-isnt-h\" alt=\"Michael\" saylor calls proof of reserves a parlor trick but binance ex-ceo cz isn having it: probably sold bitcoins>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategy Inc.\u00a0(NASDAQ:MSTR) co-founder Michael Saylor on Tuesday sharply criticized the practice of publishing proof of reserves, calling it a security liability and a distraction from what truly matters, audited financials and institutional-grade transparency. What Happened: His comments, made in a public address, dismissed proof of reserves as a &#8220;crypto parlor trick&#8221; that offers no real [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28777","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28777"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28777\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}