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Topic: Does it take significant skill to "analyze the blockchain"? - page 3. (Read 15634 times)

full member
Activity: 143
Merit: 100
We see reports of police and experts "analyzing the blockchain", usually related to thefts or investigations of some sort.
Does it really take significant skill to "analyze the blockchain" or perhaps it's that human tendency to over-complicate things so 'experts' can (for example) create new income opportunities and consulting businesses?

In general, do you think it takes significant skill to "analyze the blockchain"?

The blockchain is as transparent as it can be. An expert would be someone who fully understands the bitcoin protocol its inputs outputs address and hashes. So the gov would basically hire a bitcoin fan miner programmer to do the "analisis"

Maria

Yes, I think it has mostly to do with tracking transactions, so understanding how bitcoins move and its unputs/outputs would be important.
newbie
Activity: 19
Merit: 0
We see reports of police and experts "analyzing the blockchain", usually related to thefts or investigations of some sort.
Does it really take significant skill to "analyze the blockchain" or perhaps it's that human tendency to over-complicate things so 'experts' can (for example) create new income opportunities and consulting businesses?

In general, do you think it takes significant skill to "analyze the blockchain"?

The blockchain is as transparent as it can be. An expert would be someone who fully understands the bitcoin protocol its inputs outputs address and hashes. So the gov would basically hire a bitcoin fan miner programmer to do the "analisis"

Maria
full member
Activity: 141
Merit: 100
As far as I know, analyzing the block chain consists of tracing transactions to see if those transactions match up with what is believe to have happened. Example: If we hear that person A stole 5000 bitcoins then there must be a transfer of 5000 bitcoins somewhere in the blockchain, and since those transactions do not happen often, it should be easy to locate... I think.
legendary
Activity: 2114
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A Great Time to Start Something!
We see reports of police and experts "analyzing the blockchain", usually related to thefts or investigations of some sort.
Does it really take significant skill to "analyze the blockchain" or perhaps it's that human tendency to over-complicate things so 'experts' can (for example) create new income opportunities and consulting businesses?

In general, do you think it takes significant skill to "analyze the blockchain"?
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