Michael Saylor, co-founder of Strategy Inc., has voiced strong criticisms regarding the practice of publishing proof of reserves. During a recent public address, he referred to this practice as a “crypto parlor trick,” suggesting it poses security liabilities.

Saylor advocates for transparency through audited financials instead of relying on such proof. His comments sparked a notable debate in the crypto community, particularly with Binance’s ex-CEO, CZ. As discussions around security and transparency evolve, these views could reshape perspectives on accountability in the cryptocurrency space.