Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: Blockchain Analytics is More of an Art Than Science
by
ETFbitcoin
on 29/08/2023, 10:03:06 UTC
⭐ Merited by LeGaulois (3) ,JayJuanGee (1)
Instead, Chainalysis reportedly judges its software’s accuracy using customer feedback, she said.

This is ridiculous. Customer usually expect or assume analysis would be accurate enough. In addition, on some cases customer have no way to verify whether the analysis result is accurate or not. I hope more people switch to wallet with better privacy feature to make their analysis become even less useful than now.

Such softwares used for tracing addresses only instigate stress on a victim that got scammed or lost their coin.

It's not the only reason to use blockchain analytic service though. For example, many such service claim their service is useful to help comply with law.