English Homework

Sources and Research Methods

October 4, 2017

This study proposal is founded on sources that I discovered via library or internet survey. Among these sources is a review called The Promise and Perils of Digital Currencies written by Tyler Moore, among the most impressive scholars of the twentieth centenary. In this review, Tyler gives an amazing and educative analysis of why people of late are so into digital cash. His analysis gives a deeper understanding of the craze surrounding Bitcoin. He shows us the good side of digital cash such as low transaction charges and the fact that they safeguard against bitcoin. We also learn that the greatest threat behind this is exchange rate threat. This apprehension is significant to the proposed study. Another source that informed this study is Cryptocurrencies and the Anonymous Nature of Transactions on the Internet by Elizabeth Anne Casale. This article enlightens us that bitcoin is a currency that is not supported by any bureaucracy, utilizes cryptography for safety and is hard to fake. It tells us how bitcoin has small state direction and raises concern for its task as a mode of trade for offensive actions.

Regarding the theme of how bitcoin deals with offenders and somehow hard for law enforcement due to less regulative, I utilized an insightful review by Catherine Martin Christopher, titled, Why Prosecuting Digital Currency Exchanges Won’t Stop Online Money Laundering. In this review Catherine .captures the U.S. anti-money laundering acts and defines Bitcoin as cash laundering scheme and how it is hard for law enactment agents to deal with issue. She concludes her review by giving proposals on how to approach digital cash traders. Her analysis guided this study by giving insight on confrontations that both the law enactment officers and digital cash exchangers go through.

Additionally, Evan Hewitt in Bringing Continuity to Cryptocurrency enlightens us that since Bitcoin is currently extending in acceptance, it is probable that states on all levels to try and regulate the cryptocurrency so as to evade criminal deals and also safeguard the user. Finally, Abdur Chowdhury and Barry K. Mendelson in Virtual Currency and the Financial System analytically clarify on Bitcoin by discussing its responsibility and probable future utilization and the threats connected to this kind of digital currency. The two writers sum up their work by giving proposals to deal with policy creators’ concerns while giving room for additional inventiveness in the Bitcoin network. This is a really detailed journal that provides a deeper comprehentions of the issue on digital currency thus informing this study significantly.

Here, writers portray digital currency and more specifically bitcoins as a digital trade that is highly rising, though it is associated with a lot of risks, it still has a role to play in a country’s finance system. Looking forward, I intend to utilize certain reviews such as, but not limited to; “Tethered money: managing digital currency transactions,” (2015) written by Gideon Samid, “Bitcoin basics: buying, selling, creating and investing Bitcoins: the digital currency of the future,” (2014) by Benjamin Tideas and “Digital gold: bitcoin and the inside story of the misfits and millionaires trying to reinvent money,” (2016) by Nathaniel Popper.