Jonathan Levin, co-founder and COO of Chainalysis, explains why active historical transaction capture creates a defensible data moat for blockchain analytics companies.
“Actually, you need to be there at the time making transactions on the Bitcoin network in order to get attribution data on, you know you know, is this a gambling site or is this a darknet market?”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Jonathan Levin
Insight
Blockchain analytics first movers have a data moat latecomers cannot replicate
“Even if that data is preserved forever no one will be able to amass the same dataset if you're the first mover into that space.”
Jonathan LevinApr 9, 2018▶ 11:29Building a Data Company // Jonathan Levin, Chainalysis (FirstMark's Data Driven)
Insight
Levin: Financial institutions won't enter crypto until compliance teams lead
“There is no way that institutions are actually going to get into this space until the compliance team actually leads from the front.”
Jonathan LevinApr 9, 2018▶ 15:13Building a Data Company // Jonathan Levin, Chainalysis (FirstMark's Data Driven)
AssertionNot checkable as stated
Chainalysis tracks roughly 80% of transacted Bitcoin value involving known entities
“So, you know, we roughly track around 80% of the value being transacted on the Bitcoin network where we can identify, you know, one of the sides of, ah, of the transaction.”
Jonathan LevinApr 9, 2018▶ 8:00Building a Data Company // Jonathan Levin, Chainalysis (FirstMark's Data Driven)
AssertionNot checkable as stated
Investors ignore ZK-Snarks because standard crypto exchanges provide sufficient practical privacy
“Institutional money and retail investors actually don't choose to use that type of privacy-enhanced technology at the moment because they actually have a good deal of privacy afforded to them By the services that they are using, even within Bitcoin.”
Jonathan LevinApr 9, 2018▶ 17:35Building a Data Company // Jonathan Levin, Chainalysis (FirstMark's Data Driven)
Insight
Levin: Blockchains are engineered for consistency, not actionable intelligence
“Blockchains are engineered for consistency. They want to tell the truth all the time but not necessarily to, like, yield intelligence.”
Jonathan LevinApr 9, 2018▶ 3:24Building a Data Company // Jonathan Levin, Chainalysis (FirstMark's Data Driven)
Disclosure
Chainalysis clusters Bitcoin entities using wallet software fingerprints and protocol structure
“A lot of it's much more about like the structural nature of the Bitcoin blockchain. Actually the wallet that is crafting these transactions leaves fingerprints That we can basically pick up on.”
Jonathan LevinApr 9, 2018▶ 21:48Building a Data Company // Jonathan Levin, Chainalysis (FirstMark's Data Driven)
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 400 conversations transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.