In today's Bitcoin Vegas At the meeting, Strategy Boss@ Saylor Public proof of reserves (PoR) on the blockchain is a 'bad idea' as it would weaken the security of issuers, custodians, exchanges, and investors. 🙀 This viewpoint has sparked questioning from the community, especially in FTX After the collapse, many exchanges began to publicly release "reserve certificates" to restore trust. Saylor think PoR Displaying only assets without revealing liabilities may give a false impression of financial health. although Strategy Claiming to hold over 580000 bitcoins, but due to undisclosed on chain addresses, it is difficult for outsiders to verify their authenticity. Some memory blockchain analysis companies claim to have traced it Strategy Some of the wallet addresses are provided, but this information has not been officially confirmed. 😳 Saylor express, Strategy The holding of Bitcoin has been audited by the Big Four accounting firms and is subject to the constraints of the US Sarbanes Oxley Act to ensure the authenticity of financial reports. However, some observers are still concerned that the lack of transparency may lead to market fluctuations Strategy The trust is shaken, especially in the context of severe fluctuations in Bitcoin prices. if Strategy The confirmed Bitcoin holdings do not match the claims, which could have a significant impact on the market. FTX At that time, there were no audits by the Big Four accounting firms, nor were there any on chain reserve certificates. Previously claimed to be audited, but in reality, it was conducted by a relatively unknown accounting firm Armanino LLP and Prager Metis handle