Yesterday I talked to _ingsoc, the intermediary between tacotime and the guys who are working on this project. I chatted with him about 1 hour and it was pretty interesting, however, they still need some months to get ready for cooperation from what I understand. Some crucial decisions (e.g. with regard to how to distribute liquidity in a fair way) haven´t  been taken + he was pretty reserved when it came to talking about his team (he repeatedly said, that he doesn´t want to talk about this at this point). To me that´s too much secrecy and too much future talking. I will watch the project anyway. If you want to use parts of the concept, please feel free to do so.

Btw. maok there is no need for excuses as we are all are free what to do in our lives (thought that were your words). I decided for myself that it´s not worth to put more effort into it and I will certainly not let anyone blame me for NOT wasting more of my own time than I want to, ok?


 

@Netnox


In the end, the protocol can´t be controlled if it´s open source (and that´s the good part about it), but people will look out to create a community and for people who lead discussions, so, yes, I believe having a visible steering group makes sense, particularly as long as crypto needs to be considered as start-up. However, I don´t believe it´s only about visibility (and competence) it´s also about the ability of people to participate in the process. This is why I think MC2 aim to use an inflation rate that can be manipulated by the holders of the currency makes sense and gives the community a better control of the currency.

@BitcoiNaked


That´s it and that´s exactly what happens to most Altcoins because they have a 0-structured community. In most communities hopes rely on the activity of the developers and once they withdraw people get nervous because they don´t know what to do. Actually that is what we saw with Quark (and I think partwise with Peercoin): the absence of the developer in public discussion made vast amounts of members losing their trust in the currency.  If you have a structure where it is clear that people are only in charge because the community backed them and that they can and will be replaced by others, communities won´t rely that much on single person as they do now - which in fact makes it more "decentralized" than it is normally if you want to look at it this way - there are always some that won´t understand that, though

Yes, I sold off and withdraw my ressources.

From the last pages it is probably obvious why, but the main reason was the fact that Kolin and Vic silently released Mimiccoin as Quarks future merge mining coin (intentionally low profile with basically anything but a client), set up a sockpuppet dev account and pretended later they "found" it coincidentally (fun fact: immediately after Julie pointed everyone to the obvious fact that this was a setup). And then the stuff around that issue. There is hard proof because the email of the initial plan was forwarded.

Anyway, I now read all the youngest announcements Kolin made and think you should mark his words - because given his rich account of fake announcements or announcements that turned out to be outright lies it is likely that none if them will take place.

Respect goes to Maok who obviously tries the best for the community, even though I don't see the prospect he sees. I don't go in grief or anger as I still have contact to people who are still in and will check in every now and then.

All the best to you

Oh sanity, the last pages look like a car accident.

Just wanted to let you know that I will talk to one of the MC2 developers with regard to Proof of Burn tomorrow around this time. I won´t necessarily focus on Quark as the volume is so low that for people who are buying in it would be an issue but will still discuss it with him.

I became involved with Crypto first time in 2010 when I read an article on Bitcoin. I really liked the idea of cash on the net and the possibility to exchange funds without a bank to be involved. Then in early 2013 I was caught up by the hype around Bitcoin. I bought some at 60 USD and saw them rise and fall. Since then I became involved in crypto communities, mostly in Quark (as you can see by my nick). Being a designer I helped with both community building and creating artwork.

However, I experienced that most cryptocommunities lack of ressources that allow to proceed in development and promotion. They also lack of group integration as day traders, P&D groups and people who are eagerly looking forward for the next peak (to sell off) are in general pretty dominant. The fact that basically all cryptocurrencies lack of a fair distribution (supposedly, because real distribution can only be assumed) allow for take-away effects and massive dumps that have the potential to erode the necessary optimism within the community to move things forward. This leaves many crypto"communities" as mere partners of convenience: as soon as the rates are dropping many communities easily fall apart.

All this scares away those people who are potentially interested in a anonymous/pseudonymous currency that is independent from central banking systems. We need to remember that there are (and have been) active communities who are supporting regional currencies and are mostly troubled by creating a working payment infrastructure. Crypto could be a big help but won´t be touched by those people unless there are solutions that apply with the community character that these networks are based upon. In the end the community and not the marketcap is the backbone of every currency.

I believe that "start-up" currencies heavily rely on the ability of a core team to work together and move things forward. This is why the proposal does not contain a lot of technical specifications for a new currency, but proposals how to get a community running. I invite everyone who is interested in building this kind of community/currency to join #coreproject on freenode, contact me or simply discuss on this thread.

This is the link to the short version of the document:

http://bit.ly/core-01

P.S.: I am not a native so please excuse all spelling mistakes in the document

Point is, your statement is wrong. Price wasn´t jumping up when bad news came out: When the "bad" news came out, people dumped even harder than before, that´s were your simple logic that ends with an elquent "fuck crypto" is wrong. Only after the exchange rate was ridiculously low, the rate flipped back up. So those who sold in panic lost and those who believed in the value of this coin won (big time).

Btw. you are also wrong with "no one is actually investing in anything they think is "good". " Probably you draw conclusions from yourself, idk, but I bought into Cloak when I became convinced of the concept and I bought in again when the prices were dropping. Now I have a good plus and you know what, I am happy and won´t sell that easy, because I want to see this project succeed.

Beside the people who wanted quick money from the pump, the dump wasn´t logical at all. If I invest in a coin and the developer tells me "We want to do A B C", then after a while the dev comes up with a message "Look, we didn´t manage for now, but we will try again until we manage to do it" - why would I panic sell? It is actually exactly what I expect how to proceed. Every experiment is based on faillures, but some traders don´t care and/or are stupid (OMG, he says something is not working as it should! PANIC!).  

When I put money into this project, I knew there were chances that things turn out differently as the product was not there in first place - and I will be there looking forward for the delivery of a trustless POSa and OneMarket - not to dump on that but to spend my money there.

Lol, sure. Have you watched the charts? People were dropping their Cloak after reading TheDaggers statement concerning the audit. They all deserve to have lost their money for not holding against the panic.

And thank you for letting me buy cheap cloaks

One reason why prices exploded was a pump&dump scheme that was orchestrated through Bobsurplus and the people round him (and probably other P&D traders). TheDagger refers to this in his latest information. Of course, some people assumed a dev conspiracy. Fact is, Bobsurplus "admited" that it was him and the people who follow him to make money manipulating the price on Cloak. The scheme was described here and you should particularly look at the post that was later on deleted by Bobsurplus (https://i.imgur.com/fH1wLOs.png) where he talks about price manipulation.

I personally don´t  think that the fact that this kind of things are done in Crypto because people want to make quick BTCs makes this kind of scam more legitimate, but we have to deal with the situation that pumpers & dumpers are around and are looking out for your money short-term. So, if you bought in high, that may be really painful for you because it may take much longer until your initial investment pays back (if ever), but you can see from the past that every coin gets this pumps, not all survive but promising projects have the potential to reach new heights. Look at BTC - it was pumped to 30$ and then fell back to 50cts. Obviously many people made quick money short term and certainly not all of them held their BTC to profit from values above 100 or 500 $.

If people want a project like this to succeed they need to stop thinking short-term - even if others do. One fortunate fact when prospect is bad is, that at least a larger part of day-traders left the boat. This leaves the developers and us as community with time to work on project to create a stronger foundation.

Also, people should join cloaktalk.org, because it serves much better to discuss on the future of this coin.

Provide your proof or shut up.

I see lots of trolls who only want to help others.  Why am I sceptical about that?

I think all those who complain about the price should leave as soon as possible. I found the presentation of the Audit result honest and it is plausible to me why the schedule couldn't be kept. I don't see why people should complain, risk is what you take in crypto and many coins could be scams (including Bitcoin). To me this one doesn't look like a dev scam but like it has been pumped and dumped by p&d groups (in fact we know that has been the case). This is like a startup and god knows if it will be success.  So if people invested money for a safe return, let me tell you: that was stupid. Sell off and leave. If you see a prospect, buy more. Easy decision.

Yeah but not from investors  who are basically whining that they missed the right moment to dump. If you were a LTI you wouldn't be that nervous to get an update even though comments are permanently made (I admit: you need to read through a lot of fud and panic posts).

Seriously if the coin fell to 1 satoshi it still wouldn't be dead. The only reason why people claim it to be dead is because they EXPECT that everyone will look for the next rise and dump. Even that wouldn't kill tte coin.

I see developers who are more active than all other devs I saw before in crypto. I see ideas that have value and I see people collaborating. If we wouldn't have to deal with "investors" who believe they are the center of the world we would have more resources to move on.

Why aren´t all of you on cloaktalk.org?

I sold my funds and will get involved in other projects. If you need work to be done, please contact others.

Problem is that you can´t chose from where you send coins from (or I am ignorant, then enlight me). The only way I see would be transferring all coins to a new own address. Then sending it to the recipient and documenting it together with sending it to the own address. If there is a better way, please explain

We try it reverse. This is my receiving address: C3EcT3gFbyJ832MeVRgBDbMJZHsPCLbcJZ

Actually I feel I need to do it one more time. This is what my wallet shows. Could someone explain what I see, because I dont understand it

https://i.imgur.com/mvvsvBT.png

Sent!

Oh, I was expecting someone to send me something like 0.01 to present functionality.

Try me!

C3EcT3gFbyJ832MeVRgBDbMJZHsPCLbcJZ