Think it could be ASICS that are diminishing these coins? I know they have ASICS for scryptN too.
That doesn't explain the meteoric tanking of the price of their coin despite the block reward constantly cutting in half. Look at Litecoin vs Doge.. both have ASIC's. Litecoin's value hasn't suffered nearly as bad (yes.. it's suffered.. but nothing like Doge). Yeah but Litecoin actually has a case for being cheaper, faster - silver to btc's gold. Whereas doge is more like pogs. Abundant and useless but kids find value in the fun of it. Lulz |
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Doge is in the same boat as Vert. Bleeding to death lol
I have a big problem with alts that do nothing to further cryptocurreny as a technology. There is no reason for them to exist. I'm afraid that most of the poor bastards who glommed onto Doge didn't know better. Jackson Palmer did it as a joke and an experiment in marketing. He didn't actually expect it to blow up like it did. Now that he's out of the picture it's basically turned into Moolah coin. I really feel bad for all the people who bought in at the insane levels during the first part of the year. I'm not trying to talk shit or FUD about Doge. It's just the situation there as I see it. This article sums up my views about Doge. It hasn't change since xD http://cryptolife.net/who-the-hell-is-buying-dogecoin/ |
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Nice work Cloakheads we are #1 on Hitbtc! USD/CLOAK pairing coming soon! https://hitbtc.com/vote If you haven't registered already, signup to vote - it counts as 10 xD Keep blowing these guys out of the water! |
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found this on another thread.... Altcoins are only good for making quick bucks at the beginning when they're released. That "launch/hype" momentum very rarely comes back and in the case of Vertcoin, I think something big big must happen so it breaks this downtrend. When I say big I do think of things like Bitcoin successfully 51% attacked, together with people massively moving to altcoins. Do I think something big will happen? Mostly no, but there's always a small chance. You see, even stealth addresses didn't help Vertcoin's value, and it's almost that I can't think of any bigger event related to Vertcoin's development. Maybe acceptance among darknet markets, but somehow I do think they will accept Darkcoin instead, even Monero, they're kind of more anonymous oriented than Vert.
History is repeating with every altcoin: initial hype and rise and then slow and painful death. Bitcoin is so strong that it seems it already won cryptocurrency war, and it can even be anonymous if you're using it through Tor. Seems like no other coin has so much better properties which would help dethrone Bitcoin.
Made some good bucks with DRK and XMR, but in the case of Vertcoin it seems like I came late to the party, lost like 15k $ already and I do think it maybe is even good time to exit, even with loses because generally I do think when one altcoin starts to decline - 99% of the time it's declining to death, and it's not just the case with Vertcoin, it's the case with every altcoin no matter how good it is.
Maybe, and just maybe we can count on rise of altcoins in next Bitcoin bubble which really should happen soon.
That's the cryptocurrency game in my eyes right now... Bitcoin already won, altcoins are good only if you catch them at the beginning the decline seems scary Meh. All the dial-up internet companies thought the same thing until cable/dsl shit on them. IBM thought the same thing too until HP/DELL/Gateway shit on them. Ford/Chevy thought the same thing until Honda/Toyota shit on them. Technology is an ever evolving industry. This space in particular is moving faster than anything I've ever seen. It's harder for bitcoin to innovate and cater to different markets vs a lean altcoin. A lightweight operation like Cloakcoin can develop and test brand new features that are light years ahead of bitcoin without having massive investor/developer/miner backlash. IMO, what you'll eventually see is the emerging of cryptocurrencies that represent cash (Cloak/Mixcoin/etc) and ones that replicate credit cards/checks etc (Bitcoin/Litecoin). Both having their place in commerce and individuals who prefer one over the other. Not to mention commodity based coins which could represent entire industries. Later down the road looking at coin specific industries one might be able to tell how that market is doing giving the volume via exchanges or another metric. For someone to say "Bitcoin has won" I doubt they understand technology trends or how crypto will affect industries. We're only beginning to scratch the surface here. Becoming a market leader requires investors who believe in the product and the vision. Some people got out of Bitcoin at $1, some at $10 and some at $100. The people who made the most money are the ones that held for the long term. Cloak's ecosystem makes you think twice about dumping at an ATH because of all the value added services we have coming down the pipeline. I really don't know how to break it down further to anyone who thinks $10 is a reasonable price for crypto with trustless anon. If you think that then you obviously haven't been in the anon space for very long. Anoncoin has been working on trustless anon for almost a year now. Darkcoin for over 8 months.. I could honestly see this coin going well beyond the $100 mark for what is being developed here. Once this ball is moving the dev team is just going to get bigger and bigger and more shit will happen alot faster. Faster than anyone can clone this. |
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me lol i think 100dollar is posible wen its posa real posa and onemarket
Don't be delusional. I would be happy with a $10 price, which is what DRK hit at its (more or less stable) peak. I think Dark hit closer to 20... Yep. DRK hit close to $20 with the promise of an anon protocol that wasn't trustless. This is the 1st implementation of trustless anon. @eatenbyargue you would be delusional to think we can't hit those heights. |
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PoSA dev passed out after yesterday's marathon coding session in which breakthroughs were made.
He's just come back on alive and kicking.
All systems go! Any work being done on the reported bugs in the newest wallet? Yes, Yes and Yes.  I lol'd so hard. Thanks for that. xD |
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release the Cloakwallet monster. Let us play with it!!  Damn cloakheads.. you guys are addicted xD |
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anyone know the ETA on onemarket?
That's a question for x11Joe he's the OneMarket dev. He's polishing of the UI/UX. |
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looks like the devs are dumping already ~.~
Lulz. Check out this guy's post history. Seems legit.  |
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Has there been a better explanation how good the obfuscation between a sender and a receiver is using PoSA? The whitepaper just says its relayed through two staking nodes. Would be great to know what traces there are left? Its done twice and I assume thats done to increase the obfuscation level.
I am waiting to hear more info on this as well. Come meet me up here.... ill explain  Haha, nice one. Just saying, as a crypto-writer I would like to know more concrete details about PoSA. Welcome to the Cloaktrain Y3llowb1ackbird! Glad to have you on board! |
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GOt a Big PR push were tryign to make... Donate to the Cloak Development adress to help put it out..
Is there an ROI involved for big investors that would support this project? sorta the point. Besides the coin gaining value. Tell me all about it. If you are a big investor you have the most to gain, right? It's baked in. Why would i spend instead of investing in more cloaks? Hey Fear, I thought the same thing until I realized that there wasn't anyone doing any serious marketing outside of tweeting to their followers. The only way we're going to end up with one of the top three market caps is if we are more proactive as investors. We can't expect the devs to handle it because it would be a waste of resources. The post is wrong though the dev fund and the marketing fund are separate. If anyone wants to support the campaign here's a link: http://cloaktalk.org/t/cloak-marketing-fund/92 TheDagger is the project lead and he's donated. That gives me alot of confidence in this project when the devs are donating. If anyone has any doubts just check out the latest Darknews episode that features Cloakcoin. That was a direct result of me reaching out to Kristov Atlas  https://www.twitter.com/anonymouscoin/status/486245506310737920 |
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If anyone is having any kind of issues - please check www.cloaktalk.org first. Chances are someone might of already had the same issue and if so, the answer will be posted there. If it happens to be a new problem post it on there and someone will help you. It makes it a lot easier for yourself and others to find solutions rather than try to search across the 400+ pages here for a solution.. |
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take your time and update us soon
Relax but hurry? No rush, we've got PoSa coming out that's the main staple of the currency xD |
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I searched the thread but didn't find any info.
My wallet crashes immediately with "This Application was Unable to Start Correctly" , any idea why?
Did you try www.cloaktalk.org? |
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Is it a good time to buy CLOAK now? What price range do you think CLOAK can hit?
I don't see a reason CLOAK can't hit .01 It has a relatively low amount of coins (4.5 million) and some great features on the horizon. Just for comparison, DRK has 22 million coins and it surprassed .01 by far. Once more and more people realize the potential, price will rise nicely. CLOAK is still fairly new and doesn't have as much publicity as DRK and XC. Once PoSA comes out I think it will strike up much more interest in the coin. DRK has about same number of coins as CLOAK. Am I missing something? Specs for cloak says "Total Coins: 4.5 million" on the DRK ANN it says ~22M Is the cloak spec not accounting for PoS generated coins? You're spot on. 4.5 million Cloak vs 22 million DRK ( 4,470,274 DRK have been minted out of 22 million) |
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Is it a good time to buy CLOAK now? What price range do you think CLOAK can hit?
I don't see a reason CLOAK can't hit .01 It has a relatively low amount of coins (4.5 million) and some great features on the horizon. Just for comparison, DRK has 22 million coins and it surprassed .01 by far. Once more and more people realize the potential, price will rise nicely. CLOAK is still fairly new and doesn't have as much publicity as DRK and XC. Once PoSA comes out I think it will strike up much more interest in the coin. But why are coins like PrimeCoin still cheap with such a low supply? Sorry, I am fairly new to crypto. Thanks. Lack of innovation and they haven't identified their product-market-fit. Check out DRK for example they never achieved any sort of comprehensive anonymity and yet it reached almost $20 a coin. The promise of anonymity for users and a little bit of press coverage was enough to drive the price up. Cloak has less coin supply (4.5 million vs DRK 22 million), superior trustless anon protocol (CloakSend), an integrated trustless decentralized marketplace (OneMarket), built-in exchange trading (CloakTrade) and even more coming down the road. It's really a no brainer investment. There isn't an altcoin on the market that has anything close to this level of original innovation or integrated ecosystem. CloakTrade 2.0 alone will drive the price up into unknown blackhole territory. |
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Feel free to contribute to the marketing fund if you haven't already. Stuff in the pipeline: Custom Explainer video, vote campaign to get us on HitBTC for USD/CLOAK exhcanges, PR distribution to major media publications and more! http://cloaktalk.org/t/cloak-marketing-fund/92/2 |
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Is it a good time to buy CLOAK now? What price range do you think CLOAK can hit?
Best time ever to buy it. Cloak's rare coin amount, development pipeline and dev team have the potential to put this coin past the $100 mark. No other coin has such a complete ecosystem in it's roadmap. |
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Getting BTC to an exchange reminds me of 56k modems... the future has GOT to be faster than this...
My thoughts too. After getting used to 1 minute block times, bitcoin seems exactly like old dial-up. More like 28.8k lol. It's the worse when a coin is going up and you're sitting there refreshing the wallet to see if it came through.. lulz |
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