Dark Wallet: Striking Out Against Regulators

It’s a common misconception that signing up for Bitcoin meansyour wallet and transactions are completely anonymous. In fact, Bitcoin worksmore like a pseudonym. Levels of anonymity can be achieved if you know how towork the rods and cones correctly, but a digital money trail can usually betraced back to your wallet and thus, your identity.

Dark Wallet is looking to change that – and is willing to goquite far to achieve their aims.

Dark Wallet is spearheaded by a group of Libertarian codersknown as unSYSTEM, led by Cody Wilson and developer Amir Taaki. Wilson is mostfamous for creating the Liberator, the first working gun that can be created bya 3D printer, back in 2013. The State Department eventually removed the onlinedesigns for the gun, but not before it was downloaded around 100,000 times.

Amid government regulations and the IRS defining whatcryptocurrency is, the Dark Wallet is a not-so-subtle middle finger toregulators, even daring the government to try to cross this “line in the sand.” AsWilsonsees it, “if Bitcoin represents anything to us, it’s the ability to forbidthe government. DarkWallet is your way of locking out the State, flipping thechannel to one beyond observation.”

DarkWallet  expects to achieve thislockout by using the CoinJoin feature. This method mixes coins from multiplebitcoiners in one “master transaction,” which will be distributed to respectiveoutputs given by those who provided the input. Thus, this “mixing” of coins andaddresses makes it virtually impossible to tell who sent bitcoins to whataddress, and thus ensuring anonymity.

Taaki also explained that anonymity will be achieved with atweak of the “announcement” of transactions. Usually the Bitcoin network makesthese announcements on a tell-tale IP address. Dark Wallet will relay itsmessage via a proxy address or over the Tor network, which will provide furthersecurity.


Follow us on Facebook