Quote from: Kelvinid on August 18, 2020, 11:17:52 PM

Quote from: posi on August 18, 2020, 10:37:33 PM

Quote from: pakhitheboss on August 18, 2020, 06:40:05 AM

In a way it will help stop scams but it will also to a certain extent compromise the privacy of individuals using these coins. Privacy based coins will become redundant if this system works.

I do not think we need to be worried of it yet.

The Transparent Blockchain crypto analysis will stop scam in the cryptocurrency system but the chance of it to effectively work as OP said is 25% because theres no proper justification and after doing my own proper research about the article I find out the AI analytics system was created according to the data of Bitcoin payment system which mean even if the analytics very well privacy coins can be tracked and is bitcoin tumblers.

And sad to say that anytime soon, we can no longer hide anything in here. Mixers haven't become effective nor we need to use it. Since it was started in order to stop any scamming issues, it possible we all coming that way and lost the anonymity that supposedly we have. Though I understand how this helps to prevent illegalities and this changing a lot for crypto, and I'm not sure how people being excited to see crypto having like this in the future as we all want privacy.

It is very unfortunate how scammers and hackers brought this kind of events that soon it ruins the anonymity feature. Only I hope this could be the best solution to fully stop scammers and to hunt hackers, then we might going back to its original market feature.

I have the feels that youre loosing hope too soon because the tools was created base on bitcoin protocols and if the tools is 100% good it will only break the coinjoin anonymity cause coinjoin operated through the mixture of multiple Bitcoin payments from alot spenders into single transaction but still unable to figure each transaction sender until and theres possible chance that the tools could break the coinjoin strategy.
Meanwhile, are the best option now.