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Michael Saylor Rejects Public On-Chain Proof of Reserves: “It’s a Security Risk”

  • Michael Saylor of MicroStrategy rejects the idea of publishing on-chain reserves due to security risks.
  • He believes that the current method of proof of reserves weakens security for stakeholders in the crypto ecosystem.
  • Saylor points out the flaw of only showcasing assets in current proof of reserves, neglecting liabilities.
  • He strongly advises against publicly revealing wallet addresses, highlighting the security risks it poses.

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