Arkham on 'Intel Exchange' channel labeled 'snitch-to-earn' by Crypto Twitter
Users who shared waitlist links for the Arkham service had their email addresses exposed on Twitter due to how references were encoded.
= =.jpg 1x, https://images.cointelegraph.com/images/960_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvNGI1NGMzMTItYmY5YS00OTVmLWI2NDMtZmFmM2ZmZDZlMWVkLmpwZw == .jpg 2x" src="https:// alt="A rkham on-chain 'Intel Exchange' tagged 'snitch-to-earn' by Crypto Twitter" class="lazy-image__img type:primaryImage"/> News Join us on social networksArkham, a “blockchain intelligence company,” announced what it calls the “world’s first blockchain intelligence exchange” on July 10, alongside the launch of a new coin, ARKM, via the Binance Launchpad service.
Crypto Twitter had a predictable response to the announcement, with negative sentiment surrounding Arkham's alleged mission to "de-anonymize the blockchain" causing some anger. The main complaint, which many describe the company's Intel Exchange as a "whistleblower-for-profit" or "whistleblower-as-a-service" program, concerns Arkham's perceived role as a centralized intelligence agency.
Damn that.
It's not even the snitch-to-earn component that I'm entirely opposed to (it's useful as a decentralized whistleblower app for the public good).
Submissions end on Arkham + Arkham Fnd is the central referee.
Someone should bifurcate the contracts and decentralize this. https://t.co/hnfehiukd9
— Hudson Jameson (@hudsonjameson) July 10, 2023As Arkham stated in its announcement thread, there are many positive use cases for using blockchain sleuths as information brokers. However, some experts are concerned about the potential for misuse that the trading model offered by the exchange appears to follow.
According to Arkham, users will be able to anonymously post and accept bounties for information regarding transactions on the blockchain. Once a bounty is terminated, whoever paid the bounty will have exclusive access to the data for a period of 90 days. After the initial exclusivity period ends, Arkham announces that it will release the data to the public.
hey, isn't the most profitable use to just put a bounty on whale wallets and then kidnap people?
like
Has this been brought up in meetings?
– farp (@farp_farp)
Users who shared waitlist links for the Arkham service had their email addresses exposed on Twitter due to how references were encoded.
= =.jpg 1x, https://images.cointelegraph.com/images/960_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvNGI1NGMzMTItYmY5YS00OTVmLWI2NDMtZmFmM2ZmZDZlMWVkLmpwZw == .jpg 2x" src="https:// alt="A rkham on-chain 'Intel Exchange' tagged 'snitch-to-earn' by Crypto Twitter" class="lazy-image__img type:primaryImage"/> News Join us on social networksArkham, a “blockchain intelligence company,” announced what it calls the “world’s first blockchain intelligence exchange” on July 10, alongside the launch of a new coin, ARKM, via the Binance Launchpad service.
Crypto Twitter had a predictable response to the announcement, with negative sentiment surrounding Arkham's alleged mission to "de-anonymize the blockchain" causing some anger. The main complaint, which many describe the company's Intel Exchange as a "whistleblower-for-profit" or "whistleblower-as-a-service" program, concerns Arkham's perceived role as a centralized intelligence agency.
Damn that.
It's not even the snitch-to-earn component that I'm entirely opposed to (it's useful as a decentralized whistleblower app for the public good).
Submissions end on Arkham + Arkham Fnd is the central referee.
Someone should bifurcate the contracts and decentralize this. https://t.co/hnfehiukd9
— Hudson Jameson (@hudsonjameson) July 10, 2023As Arkham stated in its announcement thread, there are many positive use cases for using blockchain sleuths as information brokers. However, some experts are concerned about the potential for misuse that the trading model offered by the exchange appears to follow.
According to Arkham, users will be able to anonymously post and accept bounties for information regarding transactions on the blockchain. Once a bounty is terminated, whoever paid the bounty will have exclusive access to the data for a period of 90 days. After the initial exclusivity period ends, Arkham announces that it will release the data to the public.
hey, isn't the most profitable use to just put a bounty on whale wallets and then kidnap people?
like
Has this been brought up in meetings?
– farp (@farp_farp)What's Your Reaction?
