Wu Blockchain (@WuBlockchain): At Bitcoin 2025, Strategy Executive Chairman Michael Saylor called onchain proof-of-reserves "a bad idea," warning it weakens the security of issuers,…
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At Bitcoin 2025, Strategy Executive Chairman Michael Saylor called onchain proof-of-reserves "a bad idea," warning it weakens the security of issuers, custodians, and investors. He argued that publishing wallet addresses exposes firms to traceability and long-term…