{"id":155577,"date":"2025-05-27T09:53:37","date_gmt":"2025-05-27T09:53:37","guid":{"rendered":"https:\/\/cryptonews.com\/fr\/?p=155577"},"modified":"2025-05-27T09:53:37","modified_gmt":"2025-05-27T09:53:37","slug":"strategy-michael-saylor-preuves-reseve-danger-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/fr\/news\/strategy-michael-saylor-preuves-reseve-danger-bitcoin\/","title":{"rendered":"Saylor critique les preuves de r\u00e9serves on-chain : Strategy est un danger pour bitcoin ?"},"content":{"rendered":"<p>Strategy continue d&#8217;accumuler \u00e0 toute vitesse, chaque semaine, une quantit\u00e9 importante de bitcoins. \u00c0 ce jour, l&#8217;entreprise se situe \u00e0 la premi\u00e8re position avec une <strong>tr\u00e9sorerie d\u00e9fiant toute concurrence<\/strong>. Cependant, Saylor n&#8217;est pas \u00e0 l&#8217;aise avec l&#8217;id\u00e9e de mettre en place une preuve de r\u00e9serve on-chain, estimant que cela met les organisations dans une position risqu\u00e9e.<\/p><h2 class=\"wp-block-heading\">Une d\u00e9claration surprenante de Michael Saylor lors de la Bitcoin Conference<\/h2><span class=\"replacer\"><\/span><p>Actuellement se tient la <strong>Bitcoin Conference de 2025 \u00e0 Las Vegas<\/strong>. Prenant place du 27 au 29 mai, c&#8217;est l&#8217;\u00e9v\u00e8nement bitcoin le plus important \u00e0 l&#8217;\u00e9chelle mondiale. Avec plus de 5 000 entreprises sur place et 400 intervenants, des personnalit\u00e9s majeures telles que Michael Saylor, Ross Ulbricht et Cynthia Lummis prendront place avec bien d&#8217;autres politiques de l&#8217;administration Trump.<\/p><p>Durant l&#8217;intervention de Michael Saylor, une personne lui a demand\u00e9 si l&#8217;entreprise Strategy publiera ses preuves de r\u00e9serves on-chain. Selon lui, la preuve de r\u00e9serve est une <strong>mauvaise id\u00e9e<\/strong> puisque cela affaiblit la s\u00e9curit\u00e9 de l&#8217;\u00e9metteur, des d\u00e9positaires, des plateformes et des investisseurs.<\/p><figure class=\"wp-block-embed aligncenter 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\">Michael <a href=\"https:\/\/twitter.com\/saylor?ref_src=twsrc%5Etfw\">@saylor<\/a>\u2019s full answer on proof of reserves WILL SHOCK YOU!! \ud83e\udd2f<br><br>The question: Will <a href=\"https:\/\/twitter.com\/Strategy?ref_src=twsrc%5Etfw\">@Strategy<\/a> publish proof of reserves <br><br>Full answer uncut unedited here <br><br>His answer silences all haters \ud83e\udd2d<br><br>check it out \ud83d\udc47 <a href=\"https:\/\/t.co\/mwvo3S5q41\">pic.twitter.com\/mwvo3S5q41<\/a><\/p>&mdash; Professor\u20bf \ud83d\udfe7 (@ProfessorB21) <a href=\"https:\/\/twitter.com\/ProfessorB21\/status\/1927218071069966502?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><h2 class=\"wp-block-heading\">Une position en d\u00e9saccord avec la philosophie de l&#8217;industrie crypto<\/h2><span class=\"replacer\"><\/span><p>Notons que ces derni\u00e8res ann\u00e9es, face aux turbulences apport\u00e9es par la faillite sur FTX, l&#8217;industrie crypto a <strong>remodel\u00e9 sa mani\u00e8re de fonctionner<\/strong> en privil\u00e9giant la transparence aupr\u00e8s des utilisateurs. Un grand nombreux d&#8217;acteurs, notamment les plateformes d&#8217;\u00e9change, publient d\u00e9sormais leurs r\u00e9serves chaque trimestre, l&#8217;objectif \u00e9tant de d\u00e9montrer la solvabilit\u00e9.<\/p><p>L&#8217;industrie crypto, dans son essence m\u00eame, <strong>pr\u00f4ne la d\u00e9centralisation et la transparence<\/strong>. C&#8217;est cela qui a fait la r\u00e9ussite de la DeFi durant ces derni\u00e8res ann\u00e9es, la capacit\u00e9 d&#8217;avoir toutes les informations \u00e0 disposition. Par exemple, c&#8217;est en partie ce qui fait la r\u00e9putation du <a href=\"https:\/\/cryptonews.com\/fr\/news\/ath-hype-hyperliquid-rebond-hausse-hyperevm-dex-airdrop\/\">DEX Hyperliquid<\/a> avec son layer 1 : une place de trading on-chain \u00e0 haut niveau de liquidit\u00e9 et transparente.<\/p><p>Les propos de Saylor sont erron\u00e9s et n&#8217;apportent en aucun cas un risque pour les organisations, mais pour quelle raison ? <\/p><p>Elles t\u00e9moignent justement du positionnement des acteurs pro-crypto et leurs <strong>perspectives pour le futur<\/strong> de l&#8217;\u00e9cosyst\u00e8me. Quant \u00e0 la s\u00e9curit\u00e9, celle-ci est bien distincte et repose sur la capacit\u00e9 des entreprises \u00e0 faire usage de multisig, timelock et autres m\u00e9canismes pour prot\u00e9ger les fonds.<\/p><h2 class=\"wp-block-heading\">Strategy : un risque syst\u00e9mique pour l&#8217;\u00e9cosyst\u00e8me <\/h2><span class=\"replacer\"><\/span><p>Si Michael Saylor ne souhaite pas produire de preuves de r\u00e9serves, y a-t-il un <strong>sous-entendu implicite \u00e0 en tirer ? <\/strong>Depuis 2020, avec Strategy, Saylor a mis en place une transformation du mod\u00e8le \u00e9conomique de l&#8217;entreprise pour faire de Bitcoin l&#8217;actif principal de la tr\u00e9sorerie. Une strat\u00e9gie en plusieurs \u00e9tapes avec l&#8217;utilisation de liquidit\u00e9s existantes, l&#8217;\u00e9mission d&#8217;actions ATM et des obligations convertibles.<\/p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"366\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/05\/27095228\/Capture-decran-2025-05-27-a-11.52.23-1024x366.png\" alt=\"\" class=\"wp-image-155582\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/05\/27095228\/Capture-decran-2025-05-27-a-11.52.23-1024x366.png 1024w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/05\/27095228\/Capture-decran-2025-05-27-a-11.52.23-300x107.png 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/05\/27095228\/Capture-decran-2025-05-27-a-11.52.23-768x275.png 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/05\/27095228\/Capture-decran-2025-05-27-a-11.52.23-1536x549.png 1536w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/05\/27095228\/Capture-decran-2025-05-27-a-11.52.23-450x161.png 450w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/3\/2025\/05\/27095228\/Capture-decran-2025-05-27-a-11.52.23.png 1868w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/figure><p>Cependant, cela am\u00e8ne l&#8217;entreprise \u00e0 utiliser l&#8217;effet de levier pour accumuler toujours plus de bitcoin. Cela apporte un risque syst\u00e9mique non n\u00e9gligeable si le <strong>cours chute trop brutalement<\/strong> sous des seuils d\u00e9termin\u00e9s par le prix du DCA. La situation est \u00e0 surveiller attentivement, notamment sur la capacit\u00e9 de Strategy \u00e0 mener sur le long terme une politique d&#8217;achat aussi important que ces derni\u00e8res ann\u00e9es.<\/p><hr class=\"wp-block-separator has-alpha-channel-opacity\"><p>Sur le m\u00eame sujet : <\/p><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/bitcoin-hausse-110000-dollars-rebond-predictions-ath\/\">Bitcoin \u00e0 110 000 dollars : quelles sont les pr\u00e9dictions r\u00e9alistes des experts crypto pour 2025 <\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/hype-memecoin-rebond-solana-altcoins-season\/\">Solana d\u00e9colle : la hype memecoin fait son grand retour sur la blockchain <\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cryptonews.com\/fr\/news\/ethcc-cannes-securite-crypto-ethereum-enlevements-risques-kidnapping\/\">EthCC \u00e0 Cannes : une s\u00e9curit\u00e9 renforc\u00e9e pour faire face aux enl\u00e8vements crypto <\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Strategy continue d&#8217;accumuler \u00e0 toute vitesse, chaque semaine, une quantit\u00e9 importante de bitcoins. \u00c0 ce jour, l&#8217;entreprise se situe \u00e0 la premi\u00e8re position avec une tr\u00e9sorerie d\u00e9fiant toute concurrence. Cependant, Saylor n&#8217;est pas \u00e0 l&#8217;aise avec l&#8217;id\u00e9e de mettre en place une preuve de r\u00e9serve on-chain, estimant que cela met les organisations dans une position [&hellip;]<\/p>\n","protected":false},"author":594,"featured_media":155580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,1],"tags":[],"editors":[2551],"sponsored_companies":[],"class_list":["post-155577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","editors-julien-leroy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strategy et Michael Saylor, un danger pour bitcoin \u00e0 long terme ?<\/title>\n<meta name=\"description\" content=\"Michael Saylor d\u00e9clare que les preuves de r\u00e9serve sont une mauvaise id\u00e9e ? 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