Conversation

Jesse Powell
@jespow
.
@gronager
left
@krakenfx
to start
@chainalysis
. We chose not to develop this business internally, and we chose not to invest in analytics firms because I never wanted to have a conflict of interest with our clients. I didn't want to profit from selling out your financial privacy
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Leo WalletScrutiny Wandersleb
@LeoWandersleb
That's the sad part. By not doing it themselves, they sell out their clients. Chain Analysis works by the company keeping track of who can ID which addresses, so there is a huge network effect. The more companies work with one of them, the more intel they have to sell to others.
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Jesse Powell
@jespow
Yeah, so if you were going to create a new service to compete with a neutral party like
@chainalysis
, how could you possibly have an edge over that? Why would an agency buy your service over theirs? Why even bother to sell your service for less than you pay your sales guy?
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Jesse Powell
@jespow
I haven't chastised any former employees. Subscribing to a service out of a legal obligation is not the same as developing and selling that service yourself. It makes much more sense for a neutral party to be selling this service than it does a full-KYC wallet/exchange.
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