chances are they tend to attend the authorities and, state, we could hand around that cost information or we could stop these transactions and reverse them. And nothing of that will happen with Bitcoin, so it makes it ripe for criminals, in theory.

In light with this, lots of various agencies are researching into Bitcoin and looking at Bitcoin and trying to understand how it operates and what they could do to authorities it. It's been in the press quite a few situations,

and the media, being the media, like give attention to the bad area of it. So they really concentration very heavily on the crime with it. So if there's a theft or a con or anything like this, chances are they often blame it on Bitcoin and Bitcoin users.

So the absolute most significant might be Silk Street, which got taken down recently, and through their $1.2 billion value of Bitcoins, gone to fund such a thing from drugs to guns to hit guys to those kinds of things. And the press, again, rapidly the culprit this on Bitcoins and say that it was the Bitcoin user's fault.

But there's really almost no proof the range of the situation of crime with cryptocurrencies. We don't know if there's a lot or we don't know if there's a little. But despite this, people are extremely rapid to manufacturer it as a criminal issue, and they your investment bitcoin private keys uses, such as the rapidly and quick payment.

So a couple of study questions I'michael taking a look at in this area is what does crime with Bitcoin appear to be? So plenty of people will say that scams and thefts have already been going on for ages. But the suggests through that they occur improvements with the technology. So a Victorian road swindler could virtually be doing something really different to a 419 Nigerian prince scammer.

Therefore another problem that I'd like to analyze as well is looking at the scale of the problem of offense with cryptocurrency. Therefore by generating a wood of identified scams and thefts and things like that,

we may then cross research that with people exchange wood of transactions and see simply how much of the transactions are in reality illegal and criminal. So my final problem could be, from what extent does the engineering itself actually facilitate offense? By seeking right back at the offense logs,

we are able to see which specific sorts of crime occur, and if it is actually the technology's fault, or is this just the same kind of crimes that we've been considering before. And after we've contemplate these exact things, we are able to begin to consider probable answers to the problem of offense with Bitcoin.