Would you use a Bitcoin company app if they used Chainalysis?
1019 sats \ 11 comments \ @ThrillerX_ 12 Jul 2023 bitcoin
Given that debit and credit cards already comply with KYC, AML and track our payments, does adding Chainalysis affect your decision?
  1. Yes, I would use a Bitcoin company app with Chainalysis. I appreciate the increased security and oversight.
  2. No, I would not use a Bitcoin company app with Chainalysis. I prefer more privacy.
  3. I don't know enough about Chainalysis to decide.
  4. I am indifferent as long as the app provides the services I need.
Yes4.8%
No69.0%
I don't know?14.3%
I am indifferent.11.9%
42 votes \ poll ended
write
preview
related posts
101 sats \ 0 replies \ @chrono 12 Jul 2023
Andy Greenberg's Tracers in the Dark goes in depth into Chainalysis's history and known affiliation with law enforcement and government entities, both of which make up a good chunk of the company's customers.
Would I use an app tied to Chainalysis? Absolutely not.
reply
100 sats \ 2 replies \ @03365d6a53 12 Jul 2023
how would you even know?
chainanalysis is inevitable, don't worry about it, just take the necessary steps to wipe your history and use lightning where possible
reply
551 sats \ 1 reply \ @TonyGiorgio 12 Jul 2023
Chainalysis is not inevitable and just using lightning doesn't solve the problem.
reply
0 sats \ 0 replies \ @03365d6a53 12 Jul 2023
you can't stop chain analysis and there will always be demand for it, so I don't see how it isn't inevitable - the best we can do is make it hard and hopefully impossible to perform.
Just using lightning doesn't solve the problem, agreed, but the privacy benefits (especially as a sender) are significant
reply
100 sats \ 0 replies \ @2bithits 12 Jul 2023
Chainalysis gonna chainalysis anyway
Hopefully we can get better technology in the next few years
reply
10 sats \ 0 replies \ @0xtr 13 Jul 2023
The correct name is ChainAnal btw. Chainanalysis is just the PG-13 approved name.
reply
100 sats \ 0 replies \ @BITC0IN 12 Jul 2023
No.
reply
0 sats \ 0 replies \ @ThrillerX_ OP 13 Jul 2023
Kinda shocked by these results
reply
0 sats \ 0 replies \ @kepford 13 Jul 2023
If enough people refuse to do business with companies that use these scum bags a market for privacy focused commerce with arise. I'd argue it already has.
reply
0 sats \ 0 replies \ @faithandcredit 12 Jul 2023
Why would they use Chainalysis? Im leaning toward no
reply
0 sats \ 0 replies \ @happystack 12 Jul 2023
Absolutely not.
Chainanalysis is an abomination.
reply