Post
Topic
Board Bitcoin Discussion
Re: Blockchain Analytics is More of an Art Than Science
by
panganib999
on 03/09/2023, 21:29:50 UTC
Such softwares used for tracing addresses only instigate stress on a victim that got scammed or lost their coin. A scam victim, who wants to track the address where he/she sent a transaction, needs to bring evidences; chats, photos and money to the agency that claim to trace blockchain transactions. Most victims end up losing more money added to the lost money. Its existence also gave birth to fraudulent agencies claiming to retrieve lost coins or tracking a scammer; with the slogan, a person that fell for scam can easily fall again. The results always appear differently based on the software used to track an address. If the software can't retrieve the lost coin, why depend on unrealistic results, in the name of tracing a person who may not be behind the crime or scam?
So what are we proposing the victims do should they experience hackings and scammings? Scoff it off and just move on? What if it's massive amounts of money we're talking about, like money that could pay off a mortgage or something, do we still tell them to man up and move on since "they're more likely to spend more money looking for the hacker and the money that was stolen from them rather than just moving on and working to earn that money back? Isn't that a little defeatist and at best even promotive of the heinous acts these hackers do on the daily?

Just cause our current system's crap doesn't mean we can't have people who deserve it be given the access to it, sure there are false positives and all that, but at the end of the day the more we use it the more propensity for improvement. If we keep throwing crap at it without giving it a spin first, how will we get to the point that we're eager to achieve?