OpenRuby.com

19 Oct '12, 12pm

On the fact that Bitcoin has a Kill Switch; and how to disconnect it.

“We use the fact that all the transactions ever carried out in the Bitcoin system are available on the internet (in an anonymous way). On May 13th 2012 we downloaded the full public record of this system, which consisted of about 180,000 HTML files. After parsing and processing these files, we built a graph of all the Bitcoin addresses and transactions up to that date. We then used the intrinsic properties of the scheme in order to identify many cases in which we can show that different addresses must belong to the same owner, and used this information to contract the transaction graph by merging such addresses, in order to get a more accurate picture of the full financial activity of all the owners. After obtaining this new graph, we analyzed many of its statistical properties. In this paper we describe the most interesting and informative distributions we found in a series ...

Full article: http://www.loper-os.org/?p=1009&buffer_share=3c2a6

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