4 ms·
Why is everyone here completely forgetting about the recent Zerocoin development? It's a system that could one day piggyback on the Bitcoin blockchain, and it p
by L0j1k 13y ago
Why is everyone here completely forgetting about the recent Zerocoin development? It's a system that could one day piggyback on the Bitcoin blockchain, and it pretty effectively wipes BTC of any prints that might be on them through a system not unlike an anonymous exchange (based heavily on zero knowledge proof of work concepts). Once Zerocoin becomes a "thing" in the BTC community, the Satoshis can spend as many of their coins as they want with zero fear of being tracked down through transactions.
- mikegioia 13y agoI found this on bitcointalk re: zerocoin: "Zerocoin would give you this incredible privacy guarantee, then we could add on some features which let the police, for instance, to be able to track money laundering. A back door." From http://www.newscientist.com/blogs/onepercent/2013/03/bitcoin-zerocoin.html http://www.newscientist.com/blogs/onepercent/2013/03/bitcoin...
- runeks 13y agoZerocoin is interesting, definitely, but it turns out there are a lot of problems with it. I started a thread on bitcointalk.org about it, and a lot of developers chimed in with their opinion on it: https://bitcointalk.org/index.php?topic=175156.0;all https://bitcointalk.org/index.php?topic=175156.0;all