Originally Posted by barkinos98
Yeah to be honest i never understood why bitcoin is so damn "anonymous"
It sounds like you can easily figure out who sent it to you depending on the sender's address and whatnot. I dont find the idea of it valid as well, i mean cracking "passwords" and making money off of this legally? Doesnt sound too legit lol...
But, it makes me money so i usually am silent about it
That's the thing, BTC was supposed to be untraceable, but really isn't. Zerocoin, while still part of a block chain, is not supposed to be traceable. This means that it will have massive appeal to those groups that drove BTC to being used widespread. Let's be honest here, the only people who will use crypto coins to purchase items will be the ones mining it as they will need to do something with their coins. Investors will use it like stock, trade it, sell it and buy it, but in the end they will want cold hard cash for it. Groups that want to be able to purchase goods anomalously without worrying about countries borders or governments tracing it will need a coin that cannot be traced, hence Zerocoin, which is why it will be popular. I doubt it will get to the heights of BTC due to this fact, but it will easily get into the $50-$100 range due to the demand for massive amounts needed to conduct the type of business folks will want to use it for.