$RALPH
Fading QuicklySnapshot Window: 2026-07-08 20:10 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 149, Retweets: 77, Likes: 150, Impressions: 7625
Verbatim Community Citations & Social Evidence 1 source posts analyzed
"Chain analysis is a fucking scam. It's a pure LARP. It was never legally mandated. The industry proactively cucked itself to dispel the myth of shadiness, and now that custom is becoming law." - @francispouliot_ [Spoken audio]: Another thing where the industry has been super cucked, very cucked, is chain analysis. So chain analysis at the same time is a big threat to privacy, but at the same time as well is a fucking scam. It's a pure lark. The amount of false positive that you get on chain analysis is surreal. We get a bunch of requests from a bunch of law enforcements and a bunch of governments and a bunch of people all the time at Bull Bighorn that are like, hey, our chain analysis is identified that this transaction belongs to you and we look and it's like, no, it's not us. So chain analysis just completely sucks and I don't think provides, and it's not legally mandated. Chain analysis was never legally mandated in any country that I'm aware of. What you have to do as an exchange is to make sure that sanctioned entities are not using your company. But what you can do is, and that's what we do, for example, we don't use a third party chain analysis service, we download the list of addresses and we check internally to see if one of those sanctioned entities is dealing with us, you don't have to send all of your data to third-party chain analysis companies. And I guarantee you that all the exchanges are doing that. Every single Bitcoin address that's ever been used on, let's say almost all of the exchanges, except the select few that are kind of like, bull is not the only one, but there's like, I don't know, maybe two or three or four worldwide that I know that have like the same approach. And so you don't have to use chain analysis to be compliant, but then the industry kind of like, had this desire to be over compliant and to show the banks that we're doing as much as we want. So we created, not we, they created this kind of like meme around chain analysis that in order to be a good crypto citizen, you have to have this $100,000 a year subscription to the chain analysis software company and you have to send every single address that you have. And that's a big problem. That's also one of the reasons why a lot of the exchanges, they don't support, they force address reuse. They're forcing address reuse because it makes their channel analysis easier. And what that does is that not only that fucks with everybody's privacy, but it also exposes these addresses to quantum risks. Because if you reuse an address, you've revealed the public key when you spend it, that exposes a new level of quantum risks. So this kind of like, it's not only that people are not fighting back, the industry is not fighting back, but the industry is proactively cucking itself in order to try to dispel the myth of the shadiness. You know, it's like they have like an inferiority complex like, no, you know, we're not sketchy. Like we're just like you guys. We're just like Wall Street. We're just like banks. We want to play by the rules. So we're going to invent these industry-wide rules. And the thing about like channel analysis, it's an interesting rule. Again, that was fully created by exchanges, not by governments, the requirement to use chain analysis. And now like eight years later, if you're in exchange, that doesn't, you know, and if you're applying for a partnership with the bank, they're gonna be like, which chain of losses provider that you use? And if you say no, then they're immediately gonna flag you as sketchy because we've created this expectation of compliance, which was not required at all. And then eventually this custom, so this is like an industry custom, Customs tend to become worse.
