Arkham CEO Defends ‘DOX-to-Earn’ Program, Says Public Blockchains ‘Worst’ for Privacy

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Arkham CEO Defends ‘DOX-to-Earn’ Program, Says Public Blockchains ‘Worst’ for Privacy
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.ArkhamIntel CEO RealMiguelMorel batted back critics of his new 'DOX-to-Earn' program: “Publicly available blockchains are probably the worst possible way of keeping one's private information private.” skesslr reports

behind otherwise anonymous or pseudonymous blockchain addresses.

. “You are literally making transactions which you are broadcasting to a decentralized network of millions of people, all of whom can look on-chain in order to see which transactions are being broadcast.”,” will allow anyone to set “bounties” – rewards for people who can uncover and share the identities behind a given crypto address.

In responding to the backlash, Morel pointed to the widely-held misperception that all blockchains are inherently private. Not only is this untrue, but – as the Arkham CEO points out – privacy is, in reality, a core weakness of blockchains like Bitcoin and Ethereum as they’re typically used today. Morel said Arkham would not allow all bounties or address labels onto its platform: “It’s not a completely free market. It’s not like anybody can, you know, post any piece of information.”

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