{"id":28904,"date":"2025-05-28T03:47:37","date_gmt":"2025-05-28T03:47:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28904"},"modified":"2025-05-28T03:47:37","modified_gmt":"2025-05-28T03:47:37","slug":"saylor-vs-proof-of-reserves-privacy-first-transparency-later","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28904","title":{"rendered":"Saylor vs. Proof-of-Reserves: Privacy First, Transparency Later"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Michael Saylor has never been one to hold back, and at the Bitcoin 2025 Conference in Las Vegas, he made it crystal clear how he feels about Proof-of-Reserves. In short? He\u2019s not a fan. In fact, he compared it to the digital equivalent of broadcasting your child\u2019s bank details for the whole world to see. Saylor shared his views on the Proof-of-Reserves debate, arguing that the push for transparency is putting users and institutions at unnecessary risk.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Problem With Putting Wallets on Display<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">During the panel, Saylor, now executive chairman of Strategy (formerly MicroStrategy), didn\u2019t sugarcoat his opinion. He said Proof-of-Reserves, or PoR, creates more problems than it solves. The basic idea behind PoR is that crypto exchanges or custodians publish wallet addresses to prove they\u2019re holding the assets they claim to have. It\u2019s meant to build trust. <\/span><span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> according to Saylor, it can also <\/span><span data-preserver-spaces=\"true\">build<\/span><span data-preserver-spaces=\"true\"> a <\/span><span data-preserver-spaces=\"true\">big<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">blinking<\/span><span data-preserver-spaces=\"true\"> target.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Michael <a href=\"https:\/\/twitter.com\/saylor?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@saylor<\/a>\u2019s full answer on proof of reserves WILL SHOCK YOU!! <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f92f.png\" alt=\"\ud83e\udd2f\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>The question: Will <a href=\"https:\/\/twitter.com\/Strategy?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Strategy<\/a> publish proof of reserves <\/p>\n<p>Full answer uncut unedited here <\/p>\n<p>His answer silences all haters <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f92d.png\" alt=\"\ud83e\udd2d\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>check it out <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f447.png\" alt=\"\ud83d\udc47\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/mwvo3S5q41\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/mwvo3S5q41<\/a><\/p>\n<p>\u2014 Professor\u20bf <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f7e7.png\" alt=\"\ud83d\udfe7\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@ProfessorB21) <a href=\"https:\/\/twitter.com\/ProfessorB21\/status\/1927218071069966502?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 27, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">In his words, exposing wallet addresses to the public weakens the safety net for everyone involved. Hackers can trace those addresses. Social engineers can start piecing together identities and patterns. And once they do, the entire financial stack, from institutions to individual investors, becomes a lot more vulnerable.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Where This Push for Transparency Came From<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The rise of PoR didn\u2019t happen in a vacuum. It gained steam after the FTX collapse back in 2022. <\/span><span data-preserver-spaces=\"true\">When the crypto world realized just how easy it was to fake solvency, exchanges <\/span><span data-preserver-spaces=\"true\">started<\/span><span data-preserver-spaces=\"true\"> scrambling to <\/span><span data-preserver-spaces=\"true\">show proof<\/span><span data-preserver-spaces=\"true\"> they weren\u2019t doing the same.<\/span><span data-preserver-spaces=\"true\"> Posting wallet balances became the shortcut to trust.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some of the biggest names in the space jumped on board. Binance, Kraken, Bitget <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> others all shared wallet info to give users some peace of mind. At the time, it made sense. <\/span><span data-preserver-spaces=\"true\">But Saylor says that <\/span><span data-preserver-spaces=\"true\">move<\/span><span data-preserver-spaces=\"true\"> only gives people a partial picture.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Assets Without Liabilities: A Half-Built House<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Saylor\u2019s main issue is that Proof-of-Reserves only tells you what a company holds, not what it owes. You might see a billion dollars in Bitcoin sitting in an address, but you wouldn\u2019t know if that same company owes two billion to creditors. Without liabilities, the numbers are kind of meaningless.<\/span><\/p>\n<p><strong><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_68368645bea00\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_68368645bea00-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_68368645bea00-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68368645bea00-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68368645bea00-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68368645bea00-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_68368645bea00-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_68368645bea00-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_68368645bea00-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_68368645bea00-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_68368645bea00-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_68368645bea00-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_68368645bea00-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">He thinks there\u2019s a better way to do this. Instead of public wallet addresses, he\u2019s pushing for third-party audits. Real ones. Verified by actual accounting firms with reputations to protect. According to him, that\u2019s the only way to maintain trust and still keep the fortress walls up.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Not Everyone Agrees, And That\u2019s Nothing New<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Crypto loves a good debate, and Saylor\u2019s comments definitely stirred one up. Some people think he\u2019s spot on. <\/span><span data-preserver-spaces=\"true\">Others believe public wallet tracking is <\/span><span data-preserver-spaces=\"true\">just fine<\/span><span data-preserver-spaces=\"true\"> if it\u2019s done carefully.<\/span> <span data-preserver-spaces=\"true\">The reality <\/span><span data-preserver-spaces=\"true\">is,<\/span> <span data-preserver-spaces=\"true\">both<\/span><span data-preserver-spaces=\"true\"> sides have a point.<\/span><span data-preserver-spaces=\"true\"> Transparency is good. So is security. Finding a middle ground isn\u2019t simple.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But this isn\u2019t the first time Saylor has pushed against the grain, and it won\u2019t be the last. Whether you think he\u2019s being overly cautious or just plain sensible, the guy knows how to spark a conversation.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">The Industry Still Has a Lot to Figure Out<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Like most things in crypto, the Proof-of-Reserves debate comes down to trust, and whether you believe it\u2019s better to show your balance or protect your stack. PoR<\/span><span data-preserver-spaces=\"true\"> isn\u2019t going anywhere just yet. But neither is the question of how to do it safely. As crypto companies get bigger and more regulated, they\u2019ll need to find ways to prove they\u2019re legit without putting a bullseye on their backs.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For now, Saylor is keeping his cards close and his wallet addresses even closer.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Michael Saylor slammed Proof-of-Reserves at Bitcoin 2025, arguing it creates more risk than trust.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        He believes public wallet disclosures make exchanges and investors more vulnerable to hackers and social engineering attacks.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Saylor says Proof-of-Reserves only shows assets, not liabilities, and offers a misleading picture of financial health.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        He supports third-party audits by trusted accounting firms instead of open wallet tracking.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The debate over Proof-of-Reserves reflects a deeper industry split between transparency and security.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/scams-theft\/saylor-vs-proof-of-reserves-privacy-first-transparency-later\/\">Saylor vs. Proof-of-Reserves: Privacy First, Transparency Later<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor has never been one to hold back, and at the Bitcoin 2025 Conference in Las Vegas, he made it crystal clear how he feels about Proof-of-Reserves. In short? He\u2019s not a fan. In fact, he compared it to the digital equivalent of broadcasting your child\u2019s bank details for the whole world to see. [&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-28904","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\/28904","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=28904"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28904\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}