The advanced of anonymity within means that it's very difficult to trace transactions. It's perhaps not fully impossible, but it's unrealistic in many cases. Therefore crime with cryptocurrency-- since you've got rapidly, borderless transactions,

and you've got a advanced of anonymity, it theoretically generates something that's ripe for exploitation. Therefore in most cases when it's an offense on the web with on line cost systems,

they tend to visit the authorities and, state, we can give around that cost data or we could stop these transactions and opposite them. And none of that can happen with Bitcoin, so that it makes it ready for criminals, in theory.

In gentle of the, lots of different agencies are studying into Bitcoin and looking at Bitcoin and trying to know the way it performs and what they can do to police it. It's been in the media many times,

and the press, being the press, like give attention to the poor part of it. So they really focus really heavily on the crime with it. So if there's a theft or a scam or something like this, they tend to blame it on Bitcoin and Bitcoin users.

So probably the most notable might be Silk Street, which got taken down recently, and through their $1.2 billion price of Bitcoins, went to pay for any such thing from medications to weapons going to guys to these kinds of things. And the media, again, rapidly the culprit that on Bitcoins and say that it was the Bitcoin user's fault.

But there's actually almost no proof the scale of the situation of crime with cryptocurrencies. We don't know if there's a whole lot or we don't know if there's a little. But despite this, persons are very rapid to model it as a offender point, and they your investment legitimate employs, such as the quickly and fast payment.

Therefore a couple of study questions I'michael looking at of this type is what does offense with Bitcoin appear to be? Therefore plenty of people can say that scams and thefts have been going on for ages. But the indicates through which they happen changes with the technology. Therefore a Victorian road swindler could practically be performing something very dissimilar to a 419 Nigerian prince scammer.

So another problem that I'n like to private key wallet  as well is taking a look at the scale of the problem of offense with cryptocurrency. So by generating a wood of identified scams and thefts and things like that,

we will then mix guide that with the public transaction log of transactions and see simply how much of the transactions are in fact illegal and criminal. Therefore my ultimate issue would be, as to the level does the technology itself really help crime? By looking straight back at the offense records,