<ul><li>Michael Saylor criticizes Proof-of-Reserves at Bitcoin 2025, stating it poses more risk than trust by exposing vulnerabilities to hackers and social engineering.</li><li>Saylor argues that public wallet disclosures fail to reflect liabilities, providing an incomplete financial health picture.</li><li>He advocates for third-party audits by reputable firms over open wallet tracking to maintain trust while enhancing security.</li><li>The ongoing debate over Proof-of-Reserves underscores the industry's struggle to balance transparency with security in the crypto space.</li></ul>

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

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