{"id":158183,"date":"2025-05-27T16:00:49","date_gmt":"2025-05-27T13:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=158183"},"modified":"2025-05-27T14:09:30","modified_gmt":"2025-05-27T11:09:30","slug":"michael-saylor-questions-proof-of-reserves-model-cites-security-risks","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/michael-saylor-questions-proof-of-reserves-model-cites-security-risks\/","title":{"rendered":"Michael Saylor Questions Proof-of-Reserves Model, Cites Security Risks"},"content":{"rendered":"<p>Speaking at the Bitcoin 2025 conference in Las Vegas, Saylor argued that the current practice of publicly disclosing wallet addresses to verify asset holdings may pose more risks than benefits.<\/p>\n<p>Though a viral video clip captured him calling PoR \u201ca bad idea,\u201d his broader message emphasized the flaws in the way it\u2019s implemented today\u2014not the core concept of transparency itself. Saylor contends that exposing wallet addresses opens the door to targeted attacks, surveillance, and systemic vulnerabilities. In his words, \u201cThis form of proof doesn\u2019t just fail to protect\u2014it actively weakens everyone involved, from issuers to investors.\u201d<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-158167\" href=\"https:\/\/cryptodnes.bg\/en\/circle-dismisses-acquisition-rumors-reaffirms-ipo-focus\/\" title=\"Circle Dismisses Acquisition Rumors, Reaffirms IPO Focus\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/circle.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Circle Dismisses Acquisition Rumors, Reaffirms IPO Focus<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Rather than relying on raw blockchain data, Saylor believes high-level auditing\u2014with the backing of a top accounting firm and executive sign-off\u2014offers a more trustworthy standard. He also floated the idea of using zero-knowledge proofs (zk-proofs) in the future to strike a better balance between transparency and privacy.<\/p>\n<p>Saylor went further, suggesting AI tools could be used to assess the full scope of risks associated with publishing wallet data. According to him, such analysis would generate extensive documentation on long-term security threats that most crypto firms overlook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor, co-founder of Strategy, is once again making waves in the crypto space\u2014this time for his controversial take on proof-of-reserves (PoR).<\/p>\n","protected":false},"author":3,"featured_media":30188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[72,424],"coin_category":[],"class_list":["post-158183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-bitcoin","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Michael Saylor Questions Proof-of-Reserves Model, 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