{"id":165839,"date":"2025-05-27T14:00:40","date_gmt":"2025-05-27T13:00:40","guid":{"rendered":"https:\/\/cryptonews.com\/de\/?p=165839"},"modified":"2025-05-27T14:00:40","modified_gmt":"2025-05-27T13:00:40","slug":"saylor-on-chain-proof-of-address-sind-schlechte-idee","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/de\/news\/saylor-on-chain-proof-of-address-sind-schlechte-idee\/","title":{"rendered":"Saylor: On-chain Proof-of-Address sind \u201cschlechte Idee\u201d"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Strategy-Gr\u00fcnder Michael Saylor l\u00f6st derzeit FUD (Fear Uncertainty and Doubt) mit Aussagen \u00fcber Proof-of-Address aus. Saylor antwortete auf eine Nachfrage zum Auftakt der Bitcoin Konferenz.<\/p><h2 class=\"wp-block-heading\">Saylor\u2019s Erkl\u00e4rung<\/h2><span class=\"replacer\"><\/span><p class=\"wp-block-paragraph\">W\u00e4hrend der Bitcoin Konferenz \u00e4u\u00dferte sich Michael Saylor zum Thema Proof-of-Address. Die Nachfrage kam von einem X-User namens Mitchell-HODL, dessen Video viral ging und auf der Plattform breit diskutiert wird.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">I asked <a href=\"https:\/\/twitter.com\/saylor?ref_src=twsrc%5Etfw\">@saylor<\/a> if <a href=\"https:\/\/twitter.com\/MicroStrategy?ref_src=twsrc%5Etfw\">@MicroStrategy<\/a> has any plans to publish on-chain proof of reserves<br><br>His answer will SHOCK you<br><br>\u201cIt\u2019s a bad idea.\u201d<br><br>&#8211; Security Risk<br>&#8211; Irrelevant without also having Big 4-audited liabilities<br><br>Check it out \ud83d\udc47 <a href=\"https:\/\/t.co\/tIxUckgbEp\">pic.twitter.com\/tIxUckgbEp<\/a><\/p>&mdash; Mitchell \u271d\ufe0f\ud83c\uddfa\ud83c\uddf8 (@MitchellHODL) <a href=\"https:\/\/twitter.com\/MitchellHODL\/status\/1927175496074182798?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p class=\"wp-block-paragraph\">Saylor argumentiert, dass Proof-of-Address f\u00fcr Strategy eine schlechte Idee sei. Er vergleicht die Ver\u00f6ffentlichung von Wallet-Adressen mit der Preisgabe sensibler pers\u00f6nlicher Daten, da sie die Nachverfolgung aller Transaktionen erm\u00f6glicht und die Sicherheit von Emittenten, Verwahrern, B\u00f6rsen und Investoren gef\u00e4hrdet. <\/p><p class=\"wp-block-paragraph\">Die blo\u00dfe Angabe der Adresse sei dagegen eine T\u00e4uschung, die Haftungen ignoriert und Risiken wie Hacking einl\u00e4dt. Institutionelle Anleger w\u00fcrden gepr\u00fcfte Finanzberichte bei der SEC bevorzugen. Das Fehlen dieser Berichte sei das eigentliche Warnsignal.<\/p><h2 class=\"wp-block-heading\">Vorw\u00fcrfe begleiten das Video auf sozialen Medien<\/h2><span class=\"replacer\"><\/span><p class=\"wp-block-paragraph\">Obwohl Saylors Ansicht auch f\u00fcr andere Fonds und Unternehmen mit BTC-Treasury zutrifft, l\u00f6sten die Aussagen dennoch viel Spekulation aus. Dazu geh\u00f6rte zum Beispiel der Vorwurf, dass Strategy nicht in BTC direkt investiert und diese h\u00e4lt. Stattdessen w\u00fcrde es selbst nur \u201cpaper Bitcoin\u201d, also Derivate, Fonds und Zertifikate halten.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">His excuse sounds more like he&#39;s buying paper Bitcoin, not actual Bitcoin. See below why.<br><br>Bitcoin is a public ledger called a blockchain. Calling proof of reserves a bad idea starts to sound like Saylor is hiding something. <a href=\"https:\/\/t.co\/SP8H162Ia4\">https:\/\/t.co\/SP8H162Ia4<\/a><\/p>&mdash; Duo Nine \u26a1 YCC (@DU09BTC) <a href=\"https:\/\/twitter.com\/DU09BTC\/status\/1927203599681012008?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p class=\"wp-block-paragraph\">Gegen diese Ansicht sprechen jedoch die jede Woche ver\u00f6ffentlichten 10k-Filings von Strategy, die zumindest andeuten, dass das Unternehmen direkt in BTC investiert. \u00c4ltere Filings deuten sogar explizit daraufhin, dass Strategy BTC direkt h\u00e4lt, keine Derivate kauft und Vertr\u00e4ge mit Custodians hat. In sp\u00e4teren Filings verschwinden direkte Aussagen zu Derivaten jedoch. <\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Let\u2019s be done with polite restraint. Let\u2019s stop pretending this is a debate. This isn\u2019t about risk management. This isn\u2019t about protocol complexity. This isn\u2019t about defending shareholder value. This is about proof of embezzlement\u2014because that is precisely what Michael Saylor\u2026<\/p>&mdash; S Tominaga (@CsTominaga) <a href=\"https:\/\/twitter.com\/CsTominaga\/status\/1927260491614659056?ref_src=twsrc%5Etfw\">May 27, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p class=\"wp-block-paragraph\">Die Filings halten Kritiker jedoch nicht davon ab, sogar noch h\u00f6here Vorw\u00fcrfe zu machen. So gehen manche X-Nutzer so weit, Strategy vorzuwerfen, dass sie Gelder veruntreuen w\u00fcrden.<\/p><p class=\"wp-block-paragraph\">Durch die Nicht-Ver\u00f6ffentlichung der Adressen w\u00fcrde das Unternehmen sicherstellen, dass niemand die Bewegungen der Gelder f\u00fcr andere zwielichtige Zwecke nachverfolgen k\u00f6nnte.<\/p><h2 class=\"wp-block-heading\">Gegenbeispiel: Bitwise<\/h2><span class=\"replacer\"><\/span><p class=\"wp-block-paragraph\">Im Gegensatz zu Strategy setzt Bitwise auf Transparenz und ver\u00f6ffentlicht regelm\u00e4\u00dfig seine Bitcoin-Adressen, um Vertrauen bei Investoren zu schaffen. Die Adressen<a href=\"https:\/\/bitbetf.com\/\"> sind auf der Landingpage der Website von Bitwise einsehbar<\/a> und werden regelm\u00e4\u00dfig aktualisiert.<\/p><p class=\"wp-block-paragraph\">Seitdem Bitwise die Adressen ver\u00f6ffentlicht (Januar 2024) ist noch kein Fall bekannt, bei dem Bitwise seine Best\u00e4nde verloren hat. Dabei verwendete Bitwise zu Beginn sogar Legacy-Adressen, die seitdem Coin Launch mit einer 1 beginnen. Es zeigt, dass Bitcoin\u2019s Kryptographie sicher ist, wenn nicht gleichzeitig andere Angriffsvektoren wie beispielsweise beim Social-Engineering genutzt werden. Bitwise gewann durch diesen Schritt starke Sympathie-Punkte in der Bitcoin-Community. Die Transparenz ist f\u00fcr viele Investoren dabei sogar ein ausschlaggebender Grund Bitwise \u00fcber andere Fonds auszuw\u00e4hlen, obwohl diese g\u00fcnstigere Geb\u00fchren aufweisen.<\/p><h2 class=\"wp-block-heading\">Sammelklage trifft Strategy<\/h2><span class=\"replacer\"><\/span><p class=\"wp-block-paragraph\">Besonders brisant sind die Vorw\u00fcrfe auch, da <a href=\"https:\/\/cryptonews.com\/de\/news\/sammelklage-gegen-michael-saylors-strategy-wegen-bitcoin\/\">Strategy sich seit kurzem einer Sammelklage stellen muss<\/a>. Am 18. Mai 2025 reichte die namhafte Anwaltskanzlei Pomerantz n\u00e4mlich eine Sammelklage gegen Strategy ein. Das Unternehmen soll irref\u00fchrende Aussagen \u00fcber seine Bitcoin-Strategie gemacht haben, die Anleger get\u00e4uscht haben soll. Die Klage wirft Strategy vor, Risiken eines Bitcoin-Preisverfalls heruntergespielt und die finanzielle Stabilit\u00e4t \u00fcbersch\u00e4tzt zu haben. <\/p><p class=\"wp-block-paragraph\">Strategy h\u00e4lt \u00fcber 500.000 Bitcoin (ca. 46 Milliarden US-Dollar) und finanziert K\u00e4ufe durch Fremdkapital, was das Unternehmen anf\u00e4llig f\u00fcr Volatilit\u00e4t macht. Kritiker bem\u00e4ngeln Saylors aggressive Strategie und seinen Einfluss, der Bitcoins Dezentralisierung widerspreche. Die Klage k\u00f6nnte das Vertrauen in Strategy ersch\u00fcttern und die Rolle von Bitcoin in Unternehmensbilanzen infrage stellen. Weder Saylor noch Strategy \u00e4u\u00dferten sich bisher.<\/p>","protected":false},"excerpt":{"rendered":"<p>Strategy-Gr\u00fcnder Michael Saylor l\u00f6st derzeit FUD (Fear Uncertainty and Doubt) mit Aussagen \u00fcber Proof-of-Address aus. Saylor antwortete auf eine Nachfrage zum Auftakt der Bitcoin Konferenz.Saylor\u2019s Erkl\u00e4rungW\u00e4hrend der Bitcoin Konferenz \u00e4u\u00dferte sich Michael Saylor zum Thema Proof-of-Address. Die Nachfrage kam von einem X-User namens Mitchell-HODL, dessen Video viral ging und auf der Plattform breit diskutiert wird.Saylor [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":165847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,1],"tags":[55],"editors":[5124],"sponsored_companies":[],"class_list":["post-165839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-bitcoin","editors-michael-sprick"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saylor: On-chain Proof-of-Address sind \u201cschlechte Idee\u201d<\/title>\n<meta name=\"description\" content=\"Strategy-Gr\u00fcnder Michael Saylor l\u00f6st derzeit FUD (Fear Uncertainity and Doubt mit Aussagen \u00fcber 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