La position audacieuse de Michael Saylor: la preuve des réserves est une «mauvaise idée» – voici pourquoi

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  • Michael Saylor déclare hardiment que la «preuve des réserves» actuelle n’est pas seulement peu sûre mais une «mauvaise idée» pour les institutions.
  • la communauté cryptographique? Pas impressionné. Ils ont surnommé sa position portuaire un «grand drapeau rouge».

Ah, Michael Saylor – toujours le provocateur. Cette fois, il est sorti en se balançant contre la tendance populaire de la preuve des réserves (POR) pour son entreprise, Strategy (anciennement Microstrategy) et ses Bitcoin Holdings. Alors que tout le monde semble sauter dans le train de Por, Saylor se moque de l’idée, le rejetant comme une «mauvaise idée» et, pour le dire franchement, un cauchemar de sécurité.

S’exprimant lors de la conférence Bitcoin à Las Vegas, Saylor est monté sur scène et n’a tiré aucun coup de poing. Il a déclaré que le système actuel de publication de la preuve des réserves s’apparente à une catastrophe invitante. « La façon actuelle et conventionnelle de publier la preuve des réserves est peu sûre », a-t-il déclaré, indiquant clairement qu’il n’avait pas peur de ébouriffer les plumes. « Il dilue en fait la sécurité de l’émetteur, des gardiens, des échanges et des investisseurs. » Eh bien, c’est une façon de dire: «Faites-moi confiance, je sais mieux que vous.»

« Ce n’est pas une bonne idée, c’est une mauvaise idée, comme publier l’adresse, les comptes bancaires et les numéros de téléphone de vos enfants et penser que cela améliorera votre famille. »

Yikes! That’s a bit extreme, don’t you think? Yet, he wasn’t done there. According to Saylor, PoR in its current form is a fool’s errand—he argues it’s meaningless without the audited liabilities of institutions. In his eyes, only firms audited by the Big 4 (PWC, KPMG, etc.) could provide a secure and reliable crypto reserve attestation. Now, where have we heard the term “Big 4” before? Ah, yes, the same firms that can barely keep their own houses in order…

Mixed Reactions: The Crypto Community Isn’t Buying It

But of course, the crypto world doesn’t exactly agree with Saylor’s musings. Most of the X crypto community raised an eyebrow (or two). Whale Panda, the ever-vocal crypto personality, didn’t mince words. He called Saylor’s position a “major red flag.”

“Talking about a major red flag. He compares it to publishing bank accounts and phone numbers…The whole point of Bitcoin is its transparency.”

Another market watcher, Pledditor, threw their two cents into the mix, adding:

“PoR may compromise your privacy (and there is a valid list of criticisms about that), but it overall does NOT compromise the security of your coins. Saylor either has something to hide, or he’s completely ignorant about how Bitcoin works.”

Oh, the drama! In reality, the rise of PoR as a concept gained momentum after the catastrophic implosion of FTX in 2022, following the devastating misappropriation of customer funds. That’s when major exchanges, like Kraken, rushed to publish their own PoR to prove their transparency (and, let’s be honest, to calm the public’s nerves). The whole industry seemed to agree that transparency was key. But wait—hold on—does that mean we should risk compromising privacy in the name of transparency? Saylor sure doesn’t think so.

The tension between transparency and security is a delicate one. Saylor’s critics, though, couldn’t resist pointing out that his privacy concerns might be a convenient excuse to dodge scrutiny. Hmm… I smell a hint of hypocrisy in the air. 🤔

Speaking of the numbers, let’s not forget Strategy now owns a jaw-dropping 580,250 BTC, which amounts to 2.7% of the total supply. That’s worth a hefty $63.46 billion at current prices. But, of course, the firm acquired this stash for a “mere” $40 billion. So, Saylor’s sitting pretty on a whopping $22 billion in unrealized profit. Not bad, right?

But here’s the catch: Arkham, the tracking service, has only managed to confirm $35 billion of those BTC holdings. Hmm, curious. And don’t forget that Saylor has repeatedly said he won’t be selling any of those Bitcoin holdings anytime soon. In fact, he plans to “always buy the top.”

Now, if any sell-off, breach, or bankruptcy were to occur at Strategy, it could very well send shockwaves through the market, dragging Bitcoin—and maybe even the entire crypto ecosystem—down with it. If you haven’t yet realized, there’s a lot riding on Saylor’s next move.

Oh, and for those interested in the performance of Strategy’s stock, MSTR, it closed May 26 at a modest $269, reflecting a 7.5% loss. What a shocker, right? And this loss conveniently tracks with Bitcoin’s price fluctuations above $106K. A thrilling saga, indeed.

2025-05-27 14:19