BREAKING: Michael Saylor says on-chain proof-of-reserves is a bad idea.
“It actually dilutes the security of the issuer, custodians, exchanges, and investors. It's not a good idea, it's a bad idea.”
Discussion
In other news. Hmmmmm...
He says publishing wallet addresses is like publishing your family's home address. Sounds like someone needs a refresher course on public-private key encryption.
In all likelihood it's probably coinbase that has not actually issued them with an unchained address. How funny would it be if it's just the coinbase interface with numbers on a screen.