Visualizing Dynamic Bitcoin Transaction Patterns.

This work presents a systemic top-down visualization of Bitcoin transaction activity to explore dynamically generated patterns of algorithmic behavior. Bitcoin dominates the cryptocurrency markets and presents researchers with a rich source of real-time transactional data. The pseudonymous yet public nature of the data presents opportunities for the discovery of human and algorithmic behavioral patterns of interest to many parties such as financial regulators, protocol designers, and security analysts. However, retaining visual fidelity to the underlying data to retain a fuller understanding of activity within the network remains challenging, particularly in real time. We expose an effective force-directed graph visualization employed in our large-scale data observation facility to accelerate this data exploration and derive useful insight among domain experts and the general public alike. The high-fidelity visualizations demonstrated in this article allowed for collaborative discovery of unexpected high frequency transaction patterns, including automated laundering operations, and the evolution of multiple distinct algorithmic denial of service attacks on the Bitcoin network.

Approximate measurement invariance in cross-classified rater-mediated assessments.

An important assumption underlying meaningful comparisons of scores in rater-mediated assessments is that measurement is commensurate across raters. When raters differentially apply the standards established by an instrument, scores from different raters are on fundamentally different scales and no longer preserve a common meaning and basis for comparison. In this study, we developed a method to accommodate measurement noninvariance across raters when measurements are cross-classified within two distinct hierarchical units. We conceptualized random item effects cross-classified graded response models and used random discrimination and threshold effects to test, calibrate, and account for measurement noninvariance among raters. By leveraging empirical estimates of rater-specific deviations in the discrimination and threshold parameters, the proposed method allows us to identify noninvariant items and empirically estimate and directly adjust for this noninvariance within a cross-classified framework. Within the context of teaching evaluations, the results of a case study suggested substantial noninvariance across raters and that establishing an approximately invariant scale through random item effects improves model fit and predictive validity.