Tuesday, December 31, 2013

MARYLAND "BITCOIN TRANSACTION" UPDATE: JHU Professor Seeks Transaction Anonymity

www.charlesjeromeware.com. " We are here to make a difference."

A Johns Hopkins University professor, Matthew D. Green, and his "team of researchers" are allegedly seeking to develop an untraceable digital currency ( to be called " Zerocoin"),which will be intended to make " Bitcoin" transactions truly anonymous.

According to Professor Green, the goal is not to assist criminals, but rather to " allow people to communicate and perform transactions in an anonymous and completely democratic way --- much like using cash."

Some critics protest that Professor Green's proposed " Zerocoin" system will help criminals launder massive amounts of money.

Obviously, this is another area in the " Bitcoin" phenomenon to watch.

[ http:// www.baltimoresun.com.news/opinion/oped/bs-ed-bitcoin-20131125/by E. J. Fagan]

Bitcoin is has not taken hold very much in Maryland as yet; but there continues to be potential for its increased use in some markets in the state.

[ http://www.baltimoresun.com/business/technology/blog/bs-bz-fiddlefly-accepts-bitcoin/J.S.Hopkins/December 12, 2013]

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