Daniel Fendrich

Miss Rodrick MW 3:30-4:45

Annotated Bibliography

Meiklejohn, Sarah, et al. A Fistful of Bitcoins: Characterizing Payments among Men with No
Names. Communications of the ACM, vol. 59, no. 4, 2016, pp. 8693.
https://dl.acm.org/citation.cfm?doid=2907055.2896384. Accessed Sept 25, 2017
Bitcoins are an electronic form of decentralized currency used for various payments,
most on the dark web. These coins are also unbacked by any institution meaning they
hold no real-world value. Bitcoins are like the cash of the internet in that transactions
between users are completely anonymous, or often used with pseudonyms. There is no
record of bitcoins transactions, unless closely tracked by an individual organization.
These transactions thereby provide complete anonymity when buying, usually illegal,
items. Also, since they cannot be traced, they are unable to be regulated by any national
or international government. These coins, however, are regulated in a sense in that the
transfer of legitimate currency to Bitcoins is by a rate, that often flows with the national
economies in times of recessions.

Borroni, Andrea. Bitcoins: Regulatory Patterns. Banking &Amp; Finance Law Review, vol. 32,
no. 1, 2016, pp. 4768.
https://search.proquest.com/docview/1843836885?OpenUrlRefId=info:xri/sid:primo&acc
ountid=7285. Accessed Sept 25, 2017. Bitcoins represent the number of failed attempts to
create a decentralized currency since the 1990s. They are a completely anonymous
market based cryptocurrency. Bitcoins are not denominated in an existing currency;
therefore, the price of each bitcoin is uniformly determined by the market price, and
there is no fixed exchange rate between them and conventional currencies. They are
a private digital file that can be traded through a peer-to-peer network. Once you have
converted your standard currency into Bitcoins, they become similar to a file on our
desktop you can easily access. These can also be transferred as easily as emailing them
to a friend. These transactions are accounted for by a sort of super leaderboard, allowing
all computers to see the transactions between individuals, but not allow them to see the
identities of said individuals.

"The economy of bitcoins." Space Daily, 20 Aug. 2014. General OneFile,

libproxy.csun.edu/login?url=http://go.galegroup.com/ps/i.do?p=ITOF&sw=w&u=csunort
hridge&v=2.1&it=r&id=GALE%7CA379257382&asid=ee9959ab1db347d5ef783a2e1de
e1386. Accessed 25 Sept. 2017. The massive spread of the cryptocurrency or digital
currency, Bitcoin, opens up new pathways for researchers to study social action on
markets. This reveals interesting feedback between the exchange rates and mentions in
social media. This information allows researchers to get a way more accurate feel on the
current market. They say its like monitoring the regulation of cash, which is the supreme
form of anonymous currency. This gives much insight to the functions of the economical
market that has gone so far unseen. The total value of Bitcoins has spiked tremendously
over the past 10 years since its creation,