i'm potentially going to invest in cloak, but can someone address some of these concerns that i've seen on reddit?


 -No proof of technical details. The whitepapers are very vague and contain no groundbreaking details. Details that would be potentially groundbreaking, like how PoSA works or how the OneMarket protocol works are glossed over. The FAQ gives half-assed answers.

 -The client is nothing more than Bitcoin-QT with integrated API trading. No stealth transaction functionality.
    
-The dev(s) are completely anonymous.
 
-Users on Bitcointalk have complained about critical posts deleted in the CloakCoin announcement thread
    
-The PoW stage lasted 7 days, which means the dev(s) could have mined a large portion of the total coins. Some miners reported seeing 20 GH/s on the network immediately. This is effectively a premine dump.
    
-I can't find much original code in the Github repo. It seems like it's all code copied from Bitcoin-qt and related repos with minor modifications. Certainly no code for the alleged groundbreaking algos in CloakCoin.
  
-The site is all talk and no show. The vague whitepapers, the snazzy meaningless graphics, the pointless youtube videos under "development," and the lack of technical discussion in the community.

and these technical questions as well:
- how do you prevent blockchain bloat if nodes are sending dust to each other all the time?

- if staking coins are spent to mix/forward txs to recipients, then how can you trust the nodes won't steal coins instead of forwarding them?

- if new addresses are mined to anonymise transactions, then how do you avoid losing transactions due to orphaned blocks?

- alternatively if you wait for the blocks to mature, then how do you avoid long transaction times?


thanks

Are you guys planning on redesigning the wallet UI anytime soon? If so i would love to help, I trade on exchanges so i don't even have a wallet downloaded, but i messed around with some graphics if any of the devs are interested let me know, i can finish it up, free of course.

Why? because a vote for cloak shows that you believe.

and to think I was gonna buy in at 500sat.....LOL thank goodness I didn't.  I wont even touch this at 10 sat

in 9 days we'll know

What if the dev is just going to do what he said he was going to do on his own terms?

Basically just throwing the coin out there 'Here's the coin, here's what I'm planning to do with it, I'll be back in 10 days to buy up 2%.'

I mean, whose fault is it that the thing blew up like it did, really? Dev did no marketing at all. He just put it out there, did what he said he was gonna do, and shut up.

Is there a solo pool for this?

I am waiting to hear more info on this as well.

How is that update coming? Will we see it today or perhaps tomorrow? Sorry, don't wanna hurry you -- I know a good work needs time -- I just can't wait to put my hands on the test version of PoSA.