His logic falls apart under the slightest scrutiny.
The only information we could glean from proved reserves is what key scheme they are using. We already know it’s a multisig - no way 580k coins held by a publicly traded company are under a singlesig - ok great, now what does anyone do with that information? Nothing. It provides no information that is actionable to a hacker. It doesn’t tell you who has those keys. Where they are. How those key holders might be compromised. What signing processes they have, what duress protocols they have etc. It tells you nothing at all.
The only feasible threat is that when he’s forced to liquidate he doesn’t want everyone to see those coins move and front run his selling before a dump. But that has nothing to do with “Security”.
He says shit like “ask an AI to explain security threats and it will come up with a 50 page book” as if that’s a real reason. You can get AI to write a 50-page book on anything, it doesnt make it valuable or actionable information.
And if a hacker could plausibly crack Bitcoin wallets; they’re going after Satoshi first - not Microstrategy.
Saylor is the next Jordan Peterson. Narrowly constrained he can sound quite profound because he does have good subject matter knowledge, but once he strays outside his comfort zone into things that don’t align with his own narrative, the message falls apart.
