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Dark Wallet Wants to Keep Bitcoin Anonymous

| 30 Apr 2014 18:45

The man behind the 3D-printed gun movement is backing Dark Wallet, too.

Bitcoin has an element of anonymity beyond what any other payment form can provide, but it't not completely anonymous. unSystem wants to change that, and its Dark Wallet project is anonymous transactions incarnate.

Cody Wilson and Amir Taaki, the former of which is the man behind the 3D-printed gun craze, are at the helm of unSystem and Dark Wallet. Late last year, their $50,000 IndieGoGo campaign to fund the project was a success, and now Dark Wallet is entering an alpha test on May 1st.

"[Dark Wallet] is a way of using Bitcoin that mocks every attempt to sprinkle it with regulation," said Cody Wilson to Wired. "It's a way to say to the government 'You've set yourself up to regulate Bitcoin. Regulate this.'"

In a nutshell: Dark Wallet makes Bitcoin transactions completely anonymous through encryption, and through "CoinJoin," which batches several completely unrelated transactions together, and shows it as one, solid transfer. CoinJoin effectively masks a transaction, keeping the sender a mystery,

As Dark Wallet goes through its Alpha and continued testing, its founders are sure that the FBI, and other federal regulators, will be watching.

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