I don't, and won't, own his stock for moral reaons (mostly because I don't want to give blackrock money for them to buy bitcoin), but he's right on his arguments against proof of reserves. It's bad for security (on the technical side) and it doesn't prove liabilities. But for me it's just not your keys, not your coins.

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Yes it does. 1. It gives more public visibility on the flows of funds and thus whom to target. 2. Plus, you publish the public key, so you remove the extra security that we get from an used btc address (the public key being hashed).