25 Jul '13, 6pm

Bitcoin activists suggest hard fork to Bitcoin to keep it anonymous and regulation-free

Bitcoin activists suggest hard fork to Bitcoin to keep it anonymous and regulation-free

Two anonymous activists have proposed an alternative to Bitcoin, which would fork the protocol to retain more anonymity for users. Labelled “Bitcoin 2″, the currency would modify the existing bitcoin code to maintain what they call “the original long-term vision”, stripping out elements of the protocol that they feel are damaging, and building in support for anonymity protocol Zerocoin . The paper , entitled Bitcoin 2: Freedom of Transaction , points out several things that it says are problems for Bitcoin, and worries that the protocol could “develop into a system that is a complete perversion of the original vision – a completely transparent payment system with very few points of control which has been totally absorbed by the established financial and regulatory environment.” “It’s another altcoin,” says Bitcoin core developer Jeff Garzik. “They are attempting to ride the...

Full article: http://www.coindesk.com/bitcoin-activists-suggest-hard-fo...

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