Silor says that the proof of Onchin preserves a “bad idea” due to the risks of security

Michael Sailor, CEO of the main bitcoin companies strategy, which was previously Microstrategy, says the institutions that publish PROOF-FEF-RESEREVES are “a bad idea” that can pose security risks.

“The current and traditional way to spread reserves is an unsafe evidence of reserves,” said Silor when asked about the institutions that adopt the scale of transparency at the May 26 event on the sidelines of the Bitcoin 2025 conference in Las Vegas.

“It actually relieves the security of the source, guardians, exchanges and investors. It is not a good idea, it is a bad idea.”

Silor did not respond to whether the strategy would publish its proof to request By Blaantware Solutions, analyst Mitchell Eskio, if his company will do so.

I asked Saylor if microsragy He has any plans to publish the proof of reserves on the series

His answer will shock you

“It is a bad idea.”

– The danger of security
– Not relevant without you also have significantly tangible liabilities

Check this 👇 pic.twitter.com/tixucgbep

Mitchellhodl May 27, 2025

Proof of the presidency Common between the exchange of encryption and verification that the company bears adequate encryption reserves to cover customer deposits. They can also confirm that other entities, such as the boxes circulating in the exchange of encryption, bear the required amount of coding to the money.

Silor admitted that the industry has a lot to learn from the collapse of the FTX encryption and MT. Gox, but he said that the proof of Raiziz is not the correct procedure that must be taken to institutions.

“No institutional security analyst or institutions believe that it is good to spread all the headlines, so that they can be tracked back and forth.”

“Go to artificial intelligence, put it in a deep thinking situation, then ask him,” What are the security problems in spreading the headlines of your wallet? “How can you undermine the safety of your company over time,” said Silor. “He will write” 50 pages of security problems. “

Proof is increasingly demonstrated after the FTX collapse

Many exchanges of encryption and guardians and Exporters of the boxes circulated on the stock exchange I started publishing the proof of the presidency after the FTX collapsed in November 2022 to prove transparency and prove that it carries sufficient assets to support customer deposits.

Related to: Strategic bags 4,020 bitcoin, breaking the price for a period of $ 110,000

Encryption Binance, Cracks and Okx And director of Crypto assets bitwise They are among the industrial players who adopted the management of transparency.

However, Silor indicated that proving archers often appear only as part of the image-what the company carries-and Not what they owe.

Silor strategy is the world The largest bitcoin holder, With 576,230 Bitcoin with a value of $ 62.6 million on its public budget, followed by Mara Holdings for Bitcoin, which owns 48137 Bitcoin, According to To bitcointreasuries.net.

More than 110 companies circulated all over the world It was purchased and bitcoin contract.

magazine: Signs of danger to Bitcoin, where the retail sale is given to the institutions: Sky Wee