#Saylor was asked if #MSTR will ever show proof-of-reserve and Saylor replied that the reason #Strategy doesn’t show proof-of-reserve is for security reasons.
This answer raises more than an eyebrow. It’s unlikely that Saylor isn’t aware that he could prove MSTR’s #Bitcoin reserves in a private manner through zero-knowledge proofs. Maybe that’s not a service that #Coinbase is willing to provide but why not just say so in that case?
It seems to me that this response hides something bigger. I really only see two reasons as to why Startegy wouldn’t show proof for its #BTC holdings:
1) There are some accounting trickeries going on between Coinbase and their big institutional clients (#BlackRock, Strategy…). Maybe some form of paper Bitcoin or other tricks allowing them to manipulate the market.
2) Saylor knows, he will have to sell some BTC at some point and he doesn’t want the move to be broadcasted publically until officially announced.
What other reasons do you think of?
If Saylor is so concerned about the #privacy of its holdings maybe he just needs a #Monero.
https://xcancel.com/BitcoinMemesIRL/status/1927180295138103434
LogicallyMinded
npub1s0…2rqf5
2025-05-27 06:13:22
Author Public Key
npub1s0fs9dwztm2rukm42vh6df4a5gwykclf75tgyeuc75t0cs2eh8rsu2rqf5Published at
2025-05-27 06:13:22Event JSON
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"content": "#Saylor was asked if #MSTR will ever show proof-of-reserve and Saylor replied that the reason #Strategy doesn’t show proof-of-reserve is for security reasons. \n\nThis answer raises more than an eyebrow. It’s unlikely that Saylor isn’t aware that he could prove MSTR’s #Bitcoin reserves in a private manner through zero-knowledge proofs. Maybe that’s not a service that #Coinbase is willing to provide but why not just say so in that case? \n\nIt seems to me that this response hides something bigger. I really only see two reasons as to why Startegy wouldn’t show proof for its #BTC holdings:\n\n1) There are some accounting trickeries going on between Coinbase and their big institutional clients (#BlackRock, Strategy…). Maybe some form of paper Bitcoin or other tricks allowing them to manipulate the market. \n\n2) Saylor knows, he will have to sell some BTC at some point and he doesn’t want the move to be broadcasted publically until officially announced. \n\nWhat other reasons do you think of? \n\nIf Saylor is so concerned about the #privacy of its holdings maybe he just needs a #Monero.\n\nhttps://xcancel.com/BitcoinMemesIRL/status/1927180295138103434",
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