According to PANews, during an event at the Bitcoin 2025 Conference in Las Vegas, Michael Saylor expressed concerns over institutions issuing on-chain reserve proofs. He described the practice as a "bad idea" that could pose security risks. Saylor argued that it undermines the security of issuers, custodians, exchanges, and investors, emphasizing that it is not advisable.
Michael Saylor Criticizes On-Chain Reserve Proof at Bitcoin 2025 Conference
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