A Bayesian Approach to Identify Bitcoin Users

Bitcoin is a digital currency and electronic payment system operating over a peer-to-peer network on the Internet. One of its most important properties is the high level of anonymity it provides for its users. The users are identified by their Bitcoin addresses, which are random strings in the public records of transactions, the blockchain. When a user initiates a Bitcoin-transaction, his Bitcoin client program relays messages to other clients through the Bitcoin network. Monitoring the propagation of these messages and analyzing them carefully reveal hidden relations. In this paper, we develop a mathematical model using a probabilistic approach to link Bitcoin addresses and transactions to the originator IP address. To utilize our model, we carried out experiments by installing more than a hundred modified Bitcoin clients distributed in the network to observe as many messages as possible. During a two month observation period we were able to identify several thousand Bitcoin clients and bind their transactions to geographical locations

Race, Religion and the City: Twitter Word Frequency Patterns Reveal Dominant Demographic Dimensions in the United States

Recently, numerous approaches have emerged in the social sciences to exploit the opportunities made possible by the vast amounts of data generated by online social networks (OSNs). Having access to information about users on such a scale opens up a range of possibilities, all without the limitations associated with often slow and expensive paper-based polls. A question that remains to be satisfactorily addressed, however, is how demography is represented in the OSN content? Here, we study language use in the US using a corpus of text compiled from over half a billion geo-tagged messages from the online microblogging platform Twitter. Our intention is to reveal the most important spatial patterns in language use in an unsupervised manner and relate them to demographics. Our approach is based on Latent Semantic Analysis (LSA) augmented with the Robust Principal Component Analysis (RPCA) methodology. We find spatially correlated patterns that can be interpreted based on the words associated with them. The main language features can be related to slang use, urbanization, travel, religion and ethnicity, the patterns of which are shown to correlate plausibly with traditional census data. Our findings thus validate the concept of demography being represented in OSN language use and show that the traits observed are inherently present in the word frequencies without any previous assumptions about the dataset. Thus, they could form the basis of further research focusing on the evaluation of demographic data estimation from other big data sources, or on the dynamical processes that result in the patterns found here

The rich still get richer: Empirical comparison of preferential attachment via linking statistics in Bitcoin and Ethereum

Bitcoin and Ethereum transactions present one of the largest real-world complex networks that are publicly available for study, including a detailed picture of their time evolution. As such, they have received a considerable amount of attention from the network science community, beside analysis from an economic or cryptography perspective. Among these studies, in an analysis on the early instance of the Bitcoin network, we have shown the clear presence of the preferential attachment, or "rich-get-richer" phenomenon. Now, we revisit this question, using a recent version of the Bitcoin network that has grown almost 100-fold since our original analysis. Furthermore, we additionally carry out a comparison with Ethereum, the second most important cryptocurrency. Our results show that preferential attachment continues to be a key factor in the evolution of both the Bitcoin and Ethereum transactoin networks. To facilitate further analysis, we publish a recent version of both transaction networks, and an efficient software implementation that is able to evaluate linking statistics necessary for learn about preferential attachment on networks with several hundred million edges