{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2018:E5GLCEAP77L45KMBQREKWIYWYQ","short_pith_number":"pith:E5GLCEAP","canonical_record":{"source":{"id":"1809.08403","kind":"arxiv","version":2},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2018-09-22T08:16:08Z","cross_cats_sorted":[],"title_canon_sha256":"03366c3d5bd12e7b45778af0d7ff30d688d5891f61d4a6d5fb26092c43f562ea","abstract_canon_sha256":"f337aea9f86cf2c078f6221eb77efb2be8dfb35974656ff8518021c72c4efeec"},"schema_version":"1.0"},"canonical_sha256":"274cb1100fffd7cea9818448ab2316c41f135de3c71c69313f5e8a59539372e7","source":{"kind":"arxiv","id":"1809.08403","version":2},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1809.08403","created_at":"2026-05-17T23:42:29Z"},{"alias_kind":"arxiv_version","alias_value":"1809.08403v2","created_at":"2026-05-17T23:42:29Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1809.08403","created_at":"2026-05-17T23:42:29Z"},{"alias_kind":"pith_short_12","alias_value":"E5GLCEAP77L4","created_at":"2026-05-18T12:32:19Z"},{"alias_kind":"pith_short_16","alias_value":"E5GLCEAP77L45KMB","created_at":"2026-05-18T12:32:19Z"},{"alias_kind":"pith_short_8","alias_value":"E5GLCEAP","created_at":"2026-05-18T12:32:19Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2018:E5GLCEAP77L45KMBQREKWIYWYQ","target":"record","payload":{"canonical_record":{"source":{"id":"1809.08403","kind":"arxiv","version":2},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2018-09-22T08:16:08Z","cross_cats_sorted":[],"title_canon_sha256":"03366c3d5bd12e7b45778af0d7ff30d688d5891f61d4a6d5fb26092c43f562ea","abstract_canon_sha256":"f337aea9f86cf2c078f6221eb77efb2be8dfb35974656ff8518021c72c4efeec"},"schema_version":"1.0"},"canonical_sha256":"274cb1100fffd7cea9818448ab2316c41f135de3c71c69313f5e8a59539372e7","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-17T23:42:29.501388Z","signature_b64":"FVpQ1y2+nJTUjhVIgP4dI6plR97v5wbJiYUxmLQNdg2A8pnKXmUpW9JDeZFXMUni78c82TelnTPElF63koBAAQ==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"274cb1100fffd7cea9818448ab2316c41f135de3c71c69313f5e8a59539372e7","last_reissued_at":"2026-05-17T23:42:29.500815Z","signature_status":"signed_v1","first_computed_at":"2026-05-17T23:42:29.500815Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"1809.08403","source_version":2,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-17T23:42:29Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"PGkSANW3SB/xJ10FHXsBCVvGudm5pchrR6HUQntsyANWHm5K8ciwnWWIeTzsl80xFV6MkiAgM+4mbgYacwBSBQ==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-05-20T04:59:55.472425Z"},"content_sha256":"64fdc8032d003abe05b8d4cb3d0dfc6bdbe82457b532236310d74f857e29e8b2","schema_version":"1.0","event_id":"sha256:64fdc8032d003abe05b8d4cb3d0dfc6bdbe82457b532236310d74f857e29e8b2"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2018:E5GLCEAP77L45KMBQREKWIYWYQ","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"Chaos and Order in the Bitcoin Market","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"q-fin.ST","authors_text":"Josselin Garnier, Knut Solna","submitted_at":"2018-09-22T08:16:08Z","abstract_excerpt":"The bitcoin price has surged in recent years and it has also exhibited phases of rapid decay. In this paper we address the question to what extent this novel cryptocurrency market can be viewed as a classic or semi-efficient market. Novel and robust tools for estimation of multi-fractal properties are used to show that the bitcoin price exhibits a very interesting multi-scale correlation structure. This structure can be described by a power-law behavior of the variances of the returns as functions of time increments and it can be characterized by two parameters, the volatility and the Hurst ex"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1809.08403","kind":"arxiv","version":2},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-17T23:42:29Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"87QeoU6kgqfpEyUcUctNxTKTQGgk+nXdSunhy2X+BS4z/85hC26yy34FXM6xS0t2UxiU4AWVXkQy9EnVZZEUBA==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-05-20T04:59:55.473144Z"},"content_sha256":"96ab2c742f6d3a01128e3a81e5dc4c4a84bfc4a5f65626f1a7ce3d0bf89f0fdf","schema_version":"1.0","event_id":"sha256:96ab2c742f6d3a01128e3a81e5dc4c4a84bfc4a5f65626f1a7ce3d0bf89f0fdf"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/E5GLCEAP77L45KMBQREKWIYWYQ/bundle.json","state_url":"https://pith.science/pith/E5GLCEAP77L45KMBQREKWIYWYQ/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/E5GLCEAP77L45KMBQREKWIYWYQ/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-05-20T04:59:55Z","links":{"resolver":"https://pith.science/pith/E5GLCEAP77L45KMBQREKWIYWYQ","bundle":"https://pith.science/pith/E5GLCEAP77L45KMBQREKWIYWYQ/bundle.json","state":"https://pith.science/pith/E5GLCEAP77L45KMBQREKWIYWYQ/state.json","well_known_bundle":"https://pith.science/.well-known/pith/E5GLCEAP77L45KMBQREKWIYWYQ/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2018:E5GLCEAP77L45KMBQREKWIYWYQ","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"f337aea9f86cf2c078f6221eb77efb2be8dfb35974656ff8518021c72c4efeec","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2018-09-22T08:16:08Z","title_canon_sha256":"03366c3d5bd12e7b45778af0d7ff30d688d5891f61d4a6d5fb26092c43f562ea"},"schema_version":"1.0","source":{"id":"1809.08403","kind":"arxiv","version":2}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1809.08403","created_at":"2026-05-17T23:42:29Z"},{"alias_kind":"arxiv_version","alias_value":"1809.08403v2","created_at":"2026-05-17T23:42:29Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1809.08403","created_at":"2026-05-17T23:42:29Z"},{"alias_kind":"pith_short_12","alias_value":"E5GLCEAP77L4","created_at":"2026-05-18T12:32:19Z"},{"alias_kind":"pith_short_16","alias_value":"E5GLCEAP77L45KMB","created_at":"2026-05-18T12:32:19Z"},{"alias_kind":"pith_short_8","alias_value":"E5GLCEAP","created_at":"2026-05-18T12:32:19Z"}],"graph_snapshots":[{"event_id":"sha256:96ab2c742f6d3a01128e3a81e5dc4c4a84bfc4a5f65626f1a7ce3d0bf89f0fdf","target":"graph","created_at":"2026-05-17T23:42:29Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"The bitcoin price has surged in recent years and it has also exhibited phases of rapid decay. In this paper we address the question to what extent this novel cryptocurrency market can be viewed as a classic or semi-efficient market. Novel and robust tools for estimation of multi-fractal properties are used to show that the bitcoin price exhibits a very interesting multi-scale correlation structure. This structure can be described by a power-law behavior of the variances of the returns as functions of time increments and it can be characterized by two parameters, the volatility and the Hurst ex","authors_text":"Josselin Garnier, Knut Solna","cross_cats":[],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2018-09-22T08:16:08Z","title":"Chaos and Order in the Bitcoin Market"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1809.08403","kind":"arxiv","version":2},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:64fdc8032d003abe05b8d4cb3d0dfc6bdbe82457b532236310d74f857e29e8b2","target":"record","created_at":"2026-05-17T23:42:29Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"f337aea9f86cf2c078f6221eb77efb2be8dfb35974656ff8518021c72c4efeec","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.ST","submitted_at":"2018-09-22T08:16:08Z","title_canon_sha256":"03366c3d5bd12e7b45778af0d7ff30d688d5891f61d4a6d5fb26092c43f562ea"},"schema_version":"1.0","source":{"id":"1809.08403","kind":"arxiv","version":2}},"canonical_sha256":"274cb1100fffd7cea9818448ab2316c41f135de3c71c69313f5e8a59539372e7","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"274cb1100fffd7cea9818448ab2316c41f135de3c71c69313f5e8a59539372e7","first_computed_at":"2026-05-17T23:42:29.500815Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-17T23:42:29.500815Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"FVpQ1y2+nJTUjhVIgP4dI6plR97v5wbJiYUxmLQNdg2A8pnKXmUpW9JDeZFXMUni78c82TelnTPElF63koBAAQ==","signature_status":"signed_v1","signed_at":"2026-05-17T23:42:29.501388Z","signed_message":"canonical_sha256_bytes"},"source_id":"1809.08403","source_kind":"arxiv","source_version":2}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:64fdc8032d003abe05b8d4cb3d0dfc6bdbe82457b532236310d74f857e29e8b2","sha256:96ab2c742f6d3a01128e3a81e5dc4c4a84bfc4a5f65626f1a7ce3d0bf89f0fdf"],"state_sha256":"a496f8651686d5533cf26a6e35ed7822a4c0f3ca04b3e3b5a7414b6ade92a52a"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"wae5OSJ/BcZqc5MWabcLefKiFSkmR0w6ozNbSJtXxEfx3gCAGyK2jzdo6BCTd/u9KbJxxikAc9+wTBKRhZgBDQ==","signed_message":"bundle_sha256_bytes","signed_at":"2026-05-20T04:59:55.477268Z","bundle_sha256":"54e0bea6edf3f553a1be943dd0989ce3f6992d2f5a48ed5afa6331e5c9e445d7"}}