Guy's don't you realize that the "dev" team selling their Cloak coins in a small amounts since weeks?
Prove it. Also, if that is true could u explain why Alty's wallet still has the same amount of Cloak coins? And if he were to sell his coins, wouldn't it be wise to just post some BS every now and then to dump his coins for higher prices? Or is he just plain stupid? that's what he's doing? posting some bullshit roadmaps haha well he hasn't post in a while. If i were him I would come here every day pumping up this coin like no tommorow how OPEN MARKET could change the world and make it a better place. NO MORE WARS JUST LOVE. But hey, he could be a stupid fuck after all. Time will tell... I think you missed the pump phase to 350K, can't pump dead coins after pump |
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Guy's don't you realize that the "dev" team selling their Cloak coins in a small amounts since weeks?
Prove it. Also, if that is true could u explain why Alty's wallet still has the same amount of Cloak coins? And if he were to sell his coins, wouldn't it be wise to just post some BS every now and then to dump his coins for higher prices? Or is he just plain stupid? that's what he's doing? posting some bullshit roadmaps haha |
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So many text, i didn't read it. But i take it the conclusion is that cloak coin is dead? For those tl:dr, conclusion, lol Jorr borrowed 16k from bank for obsolete scrypt miner and buying high selling low! Oh and Jorr selling all cloaks again tomorrow . . . and again day after that. well at least i know when to dump and sell, can't say the same for you junky fan boys I already paid 1.5K back of the 16K, i'm thinking to sell all my alts and put it in LTC now as the price is very low now. I'm mining lot's of LTC and after block reward halving in 2015 i'll make all my money back+more |
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Tempus, the way you describe it, it's
Like a damned if you do, damned if you don't
Yes, related to "talking about it" without having a Release yet.. Situation. You could be right and I hope you are,
which would mean that this project has not just been abandoned.
One thing I think about is , can you imagine investing
This much time and effort into a project and then just giving up?
It's much easier to imagine them taking a break from it than
just outright abandoning it...don't you agree?
The only way I see them abandoning it is if
they've painted themselves into a corner , unable
to create solutions. I would imagine they are frustrated, but more important
than that, motivated to see this thing take off
Because they'll be filthy stinkin rich and we'll
be riding their coattails to wealth
I often thought about the "Dev-Perspective" because I know it rudimentary myself. I'm making Songs, sometimes Hip-Hop-Beats and something like that. It's different, but there are similarities. It's much harder with time-pressure. It's much harder if money is involved (what I do is little money). It's very hard to do a good job if you think all the time: "It should be finished tomorrow." What I do is more like a Hobby. And if there is somebody waiting, its just one person. And a Song is more subjective. Even if it's not perfect the most don't hear little mistakes. But Crypto-Devs: 1. There is a lot of time pressure, and if there is nothing to show, the price will reflect it. 2. There are many Investors waiting and asking 3. It's a lot money involved 4. And: It's working or not. What I want to say with that comparison: I know pressure but I know it's nothing in comparison to developing a Crypto. And I know, it can be important to focus on that what you do. It's not a question of time that it would be cost much time if they would show up once a day, looking at the reactions in the Thread or IRC, post something, check the price and all that. But if they would do it... there would be reactions on it. And in harder times the reactions are hard. The psychological effect is similar to mobbing. It needs a lot to face it everyday without getting damaged in your health. And: The pressure is everytime in your mind. It's very hard to keep the focus on your work with all the pressure and the responsibility. And if you can't do something right you have to distance yourself... and focus. And I hope, that they do exactly that. I would do it. I think they made some mistakes, mostly in a communicative way. But they had to face very hard situations. It came all together: Bob dumped. And at that time, it was without fundamental reason. They failed the Audit and there were some disputes with Gnome. They broke with him. Maybe not good, but we can't know the whole story. There was the vacation at the same time. Not a good timing, but... Devs have a Life, too. There were the accusations about Insider-Trading. And yes, Alty said he sold some Cloak. But: If a Dev holds his own Coin he should be allowed to buy and sell. And he can't do it without Inside-Knowledge. Therefore it's always Insider-Trading. I did not understand this accusations. Because they do it all. Alty was just open about it. And, just to think about it: If a Dev would not hold his own Coin, what would we think about it? He has no trust in his own work? Should he do all the work without any profit from it? What I want to say is: The situation was and is very complex and frustrating for all of us. But mostly it's about pressure. Even if I would have the skills to be a good Dev, I wouldn't do such a project. It's a Killer-Job. Satoshi did not have that pressure. That would all make sense if alty was coding cloak, he's not. He's proj manager, he hired people to do the coding for him. So it's not like it would be taking too much time from dev'ing to give updates. Yes, I know that he is not coding. But that doesn't change the situation that he can't do much right until there is something to release. He tried it. He said they are working hard many times etc. He also explained, that he want to prevent Pre-Hype und dump-on-release. I can't know if he is completely honest, but I know it makes sense. If he would explain everyday what they do, there would be extreme reactions on it. The one side would say he would and just want to hype, the other side would buy and getting impatient very fast and so on. Or.. some say, he should moderate the Thread, delete all the FUD. What would happen if he would do it? Immediately there would be accusations about censoring and new FUD and new accusations. He could delete as fulltime-job without any posivite result. He could discuss as fulltime-job... it wouldn't help. There are just two really relevant scenarios: Deliver or not deliver. Developing or giving up. And... Alty doesn't code, but he feels the pressure. I would say he feels more pressure than the Devs. Dasource doesn't and wouldn't know more than us, he's stated that multiple times on IRC, even gnome was kept in the dark. I can't know what they know. But I know that Dascource said more than once that they are still at work. As far as insider trading, Alty held on to the failed audit report for a few weeks as price went up, once the price was crashing and pressure from gnome, then he released the report and went afk (vacation). I know. It was me who asked in the Channel if anybody would know who the Auditor was and it was Gnome answered. He started another channel. Alty showed up, too. They had a dispute about different "development-philosophies" and about Gnomes behavior and all that. I couldn't assess about right and wrong, but I saw some honesty on both sides. I know also that Alty tried to held the failed Audit back. But I don't know if it was for weeks... I remember one week. But, doesn't matter. The point is: They tried to rush. They tried to solve it. I don't say it was smart how they managed all that. But the intention to rush doesn't come out of nothing. It's also pressure.
Onemaket isn't going to be released anytime soon, x11joe was pulled from onemarket to help the main dev and that was uptil a few days into sept, after that joe was going to be too busy irl to work on cloak. It seems cecil/ring/etc has failed to work and alty is once again afk like posa v2. He can't give updates bc he can only report what is passed on from the main dev, the main dev isn't having success with posa v3/cecil/ring and isn't reporting. This is what happens when you have a dev that doesn't dev his own coin, go check out Neos, Drk, Xst, etc. Those are devs that give updates b/c they are coding/working on the coins themselves. I don't think alty is a scammer, he really wanted to make cloak successful, but MrRgnome said it best: <+MrRGnome> I think the main dev always knew it wasn't trustless and took alty for a ride.
Yes... maybe he is right, maybe he is wrong. I have much respect for Gnome and I would wish he would be still part of the team. It's a shame that they fell apart. But... the current situation is a fact. The pressure is a fact. That they did not start this project to scam anybody is a fact. And: That Alty hired the Devs says in my eyes: It wasn't profitable for him so far. He invested, not just as an Investor. Btw: Neos is a great example for the dynamic I'm speaking of generally. Syntaks is a great Dev in every sense. I'm highly invested and I follow Neos very close and I'm convinced that it will be profitable for every Investor with some patience. But: They had to face some FUD and some pressure, too. Syntaks reaction was: He wanted to focus on coding instead discussing and moderating and he locked the Thread. The reaction was FUD and discussions on the IRC. Some got kicked (it was not Syntaks who kicked them) and than it was on Twitter. Syntaks is hard working and there is not one single reason to be concerned about the development. It all looks great. But nevertheless there were accusations and pressure and FUD since the beginning. There was also a threat per PM... It's just crazy. What I want to say is: It's nearly impossible to handle such a project without all this silly garbage, even if a Dev makes nothing (!) wrong. More precise: If a project is started with honest intentions and a skilled team, most of the problems come out of the Crypto-Community. So many text, i didn't read it. But i take it the conclusion is that cloak coin is dead? |
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Bagholders of cloak! volume is gone price is dropping, time to dump this coin hard
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btw i don't mind Alty leaving cloak coin.
With all the time that he put in, this shit coin turned out to be just another pump and dump.
Now btc is sinking like a rock, cloak has hit it's peak, why would you continue with cloak coin dead coin
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Today i dumped all my cloakcoins!
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I am still in CLOAK. But this will be the last closed source project I invest into. Alty pretty much the fate of CLOAK by the balls and him just disappearing isn't a good look. I can understand not wanting to put a due date on development but at least pop into the IRC and talk to the people backing your coin.
If Alty no longer wants to be involved with CLOAK, the least he can do is open source it so other people can continue with development.
nice going! instead of waiting for magic to happen and alty to fix the world, you now aim to make it opensource so it can revive a bit so you can dump on some new investors. very nice....  Just stop being a bagholder today! and press the dump button, trust me it will give you great satisfaction. |
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I sold all my cloak coin today... this is the end
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final run down of the shit coin.  Let it die in piece. don't buy more worthless crap shit cloak Tomorrow under 10K Day after that dump to under 5K Do you already get the picture where it's going? yes to 0 lol, finally you understand I can still see the fan boys when its 1K say: but the rich list?? LOL  Let this be a leason that dumpers are sometimes big winners |
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Today i also dumped my cloak coin stack that i had for long term investment
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After much consideration i decided to dump all my cloak coins
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today i sold all my cloak coin
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Today i sold all my cloak coin
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today i sold all my cloak
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this coin is going nowhere for weeks already and still believers left, how is it possible?
same question to btc belivers, btc goes nowhere month/years and where is btc now? btc is king: first cryptocoin ever, this cloak coin is just copycat stuff nothing new But you already knew this, but still use this btc shit argument |
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this coin is going nowhere for weeks already and still believers left, how is it possible?
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ok i'm back!! looks like some of you learned that cloak is a crappy coin
But still some cloak believers left... unbelievable!
You even bought the price up to 50K again! then what happend? got dumped on by some whale bagholder? lol that was unexpected... NOT
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Bagholders of cloak! volume is gone price is dropping, time to dump this coin hard
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too many bagholders here typing same bullish stuff every day, getting really boring!
7 btc volume on mintpal haha soon delisted
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