Guys, has anyone thought of how Zerocoin is going to affect the value of BTC if it ever materializes? Just a thought, but I can see a lot of the BTC miners users shifting gears towards Zerocoin for the added anonymity, especially if it continues to utilize SHA256. Moreover, it may be possible to use BTC mining equipment depending on how it is designed.
Any thoughts?
quoting zerocoin.org homepage
What is Zerocoin?
Zerocoin is a proposed extension to the Bitcoin payment network that adds anonymity to Bitcoin payments. Just as paper currency once gained its value from being redeemable for gold, zerocoins gain their value from being redeemable for bitcoins...
ant they continue:
Zerocoin operates in the Bitcoin network and is implemented as a series of extensions to the existing Bitcoin protocol.
so if I understand properly zerocoin is not an altcoin, right ?