Also without having read the article, but did read the blog post by one of
the authors as Ian G said zerocoin appears to provide payment privacy, and
public auditability while retaining distributed setting.
However payment publicly auditable payment privacy comes from ZKP of non-set
membership (f
Steve Bellovin posted this on another list, hattip to him.
http://www.forbes.com/sites/andygreenberg/2013/04/12/zerocoin-add-on-for-bitcoin-could-make-it-truly-anonymous-and-untraceable/
For those following Bitcoin this is news. Matthew Green writes:
For those who just want the TL;DR, here