Michael Saylor Sparks Debate on Proof-of-Reserves Transparency vs Security

Cryptocurrency titan Michael Saylor has ignited a debate around Proof-of-Reserves (PoR) transparency, claiming its publication poses security risks and fails to offer complete financial picture. Speaking at the Bitcoin 2025 Conference, Saylor asserted that publicly revealing asset holdings without corresponding liabilities diminishes transparency. He compared it to exposing family members’ personal information, arguing PoR doesn’t truly enhance security or accountability.