Some believe that bitcoin’s anonymous properties are a bug, not a feature. This past January, New York financial regulator Benjamin Lawsky called for a crackdown on software that anonymizes transactions in the online digital currency, saying it will merely help criminals evade law enforcement. And one of the currency’s biggest supporters, venture capitalist Marc Andreessen, believes bitcoin will truly thrive only after it shrugs off anonymity protections.
But some parts of the bitcoin community have other plans in mind.
Even as regulators work to tie new identity restrictions to bitcoin businesses, a collection of projects is moving in the opposite direction, trying to preserve or even upgrade bitcoin’s properties as an ultra-private, untraceable payment system as anonymous as handing off a briefcase of unmarked bills. Last week saw the launch of Dark Wallet, a piece of bitcoin software that represents perhaps the most radical move yet to evade…
View original post 1,306 more words