If this is true, this is huge! I have no reason to doubt that it's being attempted because ideas like this are coming up all over in the cryptocurrency space. I would think that the underlying technology would run on a smart contract model like Ethereum, EOS or Iota, not Bitcoin itself.
The question is will authority try to block this in some way? It might seriously hamper efforts by the NSA to spy on conversations around the world. Decentralization technology is likely to hit nearly every aspect of the software industry. Disintermediation makes it really difficult for anyone in authority to take control.
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