Bitcoin, Zerocoin, and Dark Wallet

[BitEnthusiast]

Initially Zerocoin was proposed to be an extension to the Bitcoin payment network that would make Bitcoin payments completely anonymous, due to limitations in Bitcoin's blockchain, regarding privacy, anonymity, and being able to trace transactions back to its origin, but was later modified to be its own cryptocurrency. Could Zerocoin be the next big cryptocurrency if privacy is a major concern? How will Dark Wallet come into play? I believe that Zerocoin and Dark Wallet will be major along with Bitcloud and the Blackphone, because privacy will be a major concern. According to Crypto Anarchists, with cryptography, espionage and the leak of information will be able to be executed easily. Is information about NSA spying going to leak? Or is it already leaking? and if so will it cause mass adoption of crypto technology and things like Zerocoin, Dark Wallet, the Blackphone, and Bitcloud? I think so.

[CoinHeavy]

OP - as someone who is into zerocoin and dark wallets, do you know much about bitcoin tumbling?  I've never used a tumbling service myself but it seems like tumbling might address issues of anonymity for those who want anonymity.  What would get everyone else to switch over?

[Sutters Mill]

OP - as someone who is into zerocoin and dark wallets, do you know much about bitcoin tumbling?  I've never used a tumbling service myself but it seems like tumbling might address issues of anonymity for those who want anonymity.  What would get everyone else to switch over?

Is tumbling where the payment goes through various transactions before arriving at it's destination?

[hilariousandco]

OP - as someone who is into zerocoin and dark wallets, do you know much about bitcoin tumbling?  I've never used a tumbling service myself but it seems like tumbling might address issues of anonymity for those who want anonymity.  What would get everyone else to switch over?

Is tumbling where the payment goes through various transactions before arriving at it's destination?

Yeah, it's just a way of laundering money by bouncing transactions around.

[BitEnthusiast]

OP - as someone who is into zerocoin and dark wallets, do you know much about bitcoin tumbling?  I've never used a tumbling service myself but it seems like tumbling might address issues of anonymity for those who want anonymity.  What would get everyone else to switch over?

I think that being an early adopter of an innovative coin would cause cryptocurrency users to diversify into zerocoin, but not switch completely. I believe that Bitcoin will be here for the duration of cryptocurrency.

OP - as someone who is into zerocoin and dark wallets, do you know much about bitcoin tumbling?  I've never used a tumbling service myself but it seems like tumbling might address issues of anonymity for those who want anonymity.  What would get everyone else to switch over?

Is tumbling where the payment goes through various transactions before arriving at it's destination?

Yeah, it's just a way of laundering money by bouncing transactions around.

Tumbling could address anonymity issues, but who would want to send a payment through several transactions before the payment is secure enough when they could just use Zerocoin or make a payment with Dark Wallet? Correct me if I'm wrong, but Dark Wallet jumbles your address for every transaction. Bitcoiners probably would use Dark Wallet or Zerocoin to send completely anonymous transactions.

[guybrushthreepwood]

I've seen a few of these tumbling services turn out to be scams. I guess that's the nature of the business.

[BitEnthusiast]

I've seen a few of these tumbling services turn out to be scams. I guess that's the nature of the business.

Never used a tumbling service, but if it's true that it's a scam or it turn out to be, cryptocurrency users will most likely avoid services like it, and use Zerocoin or Dark Wallet for making anonymous transactions in the future.

[guybrushthreepwood]

I've seen a few of these tumbling services turn out to be scams. I guess that's the nature of the business.

Never used a tumbling service, but if it's true that it's a scam or it turn out to be, cryptocurrency users will most likely avoid services like it, and use Zerocoin or Dark Wallet for making anonymous transactions in the future.

I guess it's a similar predicament to tor marketplaces. Some start off or appear legitimate, but at any time they can take the money and run.

Is Zerocoin a new coin or something built around Bitcoin?

[Sutters Mill]

OP - as someone who is into zerocoin and dark wallets, do you know much about bitcoin tumbling?  I've never used a tumbling service myself but it seems like tumbling might address issues of anonymity for those who want anonymity.  What would get everyone else to switch over?

Is tumbling where the payment goes through various transactions before arriving at it's destination?

Yeah, it's just a way of laundering money by bouncing transactions around.

Ah thought so. Not a bad idea for anonymity if it works ok. I'd want to know which addresses it was going through though. I can imagine some companies will tout this and then run when it's in their wallet!

[BitEnthusiast]

I've seen a few of these tumbling services turn out to be scams. I guess that's the nature of the business.

Never used a tumbling service, but if it's true that it's a scam or it turn out to be, cryptocurrency users will most likely avoid services like it, and use Zerocoin or Dark Wallet for making anonymous transactions in the future.

I guess it's a similar predicament to tor marketplaces. Some start off or appear legitimate, but at any time they can take the money and run.

Is Zerocoin a new coin or something built around Bitcoin?

Zerocoin was a proposed add on to the Bitcoin payment network, but it was modified to be its own Cryptocurrency. Google "Zerocoin" or "Zerocoin Project". Zerocoin's purpose is to make transactions completely anonymous.

[LiteCoinGuy]

see here:

https://bitcointalk.org/index.php?topic=362468.msg3878992#msg3878992

http://zerocoin.org/

[BitEnthusiast]

see here:

https://bitcointalk.org/index.php?topic=362468.msg3878992#msg3878992

http://zerocoin.org/

Thanks LiteCoinGuy, I will be keeping an eye on the Zerocoin Project and the thread.