Benford\u2019s Law is often used as a test to see if data has been manipulated, could it also be used to test to see if trading in Bitcoin is as dodgy as it\u2019s made out to be?So many numbers, so few patterns. (Photo by Mika Baumeister on Unsplash)By this stage of the interrogation, Tameer Hussain was wondering if he would ever see the light of day again. Staring directly into the eyes of the Director of the Pakistani Inter-Services Intelligence, he repeated,\u201cI\u2019m telling you I didn\u2019t know about the American drone strike, if I had known I would have asked them to call it off.\u201dThe Director gave a half smile and with a slight motion of his head, signaled for Hussain\u2019s interrogators to continue beating him,\u201cYou see, I have a very simple rule. Do you know how I tell whether someone is telling the truth or not?\u201dGrabbing Hussain\u2019s battered and bruised face between his large hand, the Director sneered,\u201cBecause when I ask them, they give a simple \u2018yes\u2019 or \u2018no\u2019 \u2014 nothing more. When a man lies he tells stories. So I am asking you again, did you or did you not know about the drone strike before you came to see me.\u201d\u201cSahib, I am saying I didn\u2019t know\u2026.ahhhh\u2026.\u201dJolts of electricity from a nearby car battery were applied again to Hussain\u2019s body as the room filled with the acrid smell of burning flesh.In the world of international espionage, where everyone lies, it\u2019s almost impossible to develop a simple rule to see if someone is telling the truth or not, but what if it was possible in the world of data?That\u2019s where Benford\u2019s Law comes in.Betting on BenfordFor the uninitiated, Benford\u2019s Law is simply the law of first-digits \u2014 an observation about the frequency of distribution of leading digits in many\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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