Post
Topic
Board Bitcoin Discussion
Merits 5 from 2 users
Re: Blockchain Analytics is More of an Art Than Science
by
o_e_l_e_o
on 27/10/2023, 17:33:40 UTC
⭐ Merited by mikeywith (4) ,JayJuanGee (1)
I can imagine how inaccurate their lightning network monitoring reports will be.
Oh, absolutely. As we have seen in this thread, they fail to understand the most basic concepts about bitcoin (such as segwit v non-segwit), or indeed the most basic concepts about computers in general (such as bits v bytes). They fail to understand how easily their simply heuristics are fooled, such as with change being sent to different script types. They have absolutely zero evidence that their on-chain analysis is anything other than complete guesswork, and cannot say how many false positives they identify with their random guesswork. I am certain their Lightning analysis will be similar flawed, at best.

However, apparently none of that stops the government relying on this made up bullshit in court and using it as evidence to prosecute potentially innocent individuals. If Chainalysis are offering it, the government will be buying it and using it against anyone they like.