There is a significant concentration of centralized power in the hands of those who control the data.
The first strange move was made by Arkham when they leaked email addresses through their web link referral program.
Is it a marketplace for data? Kind of. Anyone with "valuable information on a wallet or its owner" can offer that data for sale at a fixed price or through an auction to other users.
Adam Cochran, a partner at Cinneamhain Ventures, was highly critical of the project, stating, "Arkham also sniffs and logs its own users' data, including their wallet addresses, device IDs, locations, etc. It's free because you are the product," he added, comparing it to centralized social media platforms that harvest user data.
Lately, there has been a lot of criticism on Twitter, leading to the project being called "snitch-to-earn."
Hudson Jameson from Polygon Labs acknowledged that the snitch-to-earn component was useful, but expressed concern about submissions ending up on Arkham, making it a central authority. "Someone should fork the contracts and decentralize this," he suggested.
In conclusion, I give its progress 1 star. It had the potential to be something incredible for detective work, rewarding people for providing information to track scammers, but it seems to be deviating from that direction. Show Less
