[ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA

[mikerutch]

CLOAK TO THE GODDAMN MOON!!!!!

[surgexvb]

At the risk of sounding like a retard, can a small explanation be given of how to read this.  Getting a little lost on the arrows pointing around.

[nsimmons]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

[smokim87]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

Would that diagram suffice as evidence? Appreciate your input.

Thanks

[tokyoghetto]

let the panic buying commence.

also...what is CloakPal?

[humski]

Update:

There's been quite a lot of pressure for us to release in greater details, information about our finished anon product.

The whitepaper was deliberately made sparse to avoid attempts at copying from an early stage.

Cloak PoSA is well advanced now so we can now reveal a more indepth paper that shows how our finished Proof of Stake Anonymity system works.

PoSA is entirely trustless and solves the Byzantine Generals problem.





A first look at CloakPal coming tomorrow.

Now this is awesome!!!! Thanks for the update Dagger

[tubesteak]

let the panic buying commence.

I am dumping my shitcoins, the few drk I have, the few xc I have, the few key I have, and will be going for a car tittle loan! lol well not that far. haha

[drizzle2405]

For those of you guys, who have not followed #cloakcoin on IRC today, there are some fresh news from one of the main developers, posted some minutes ago. Enjoy!

x11joe: I'm working on encrypted messaging first.
x11joe: That is the first step to secure communication for the market.
x11joe: I'm working on that now actually .
x11joe: It's actually not as hard as I thought to implement.
x11joe: You guys know how encrypted messaging works right?
x11joe: If not I can give quick explanation
x11joe: first if you have not watch this https://www.youtube.com/watch?x11joe: v=GSIDS_lvRv4
x11joe: this explains public/private keys very well
x11joe: and is very key to understanding this system
x11joe: When someone creates a listing they get a public/private key pair
x11joe: You encrypt your messages using the listee's public key.
x11joe: this means only he can decrypt it with his private key
x11joe: you then send this out to all nodes on the network
x11joe: as an example...
x11joe: lets say we had 50 people
x11joe: I'm handing all 50 people the message
x11joe: they all try to decrypt with their private keys
x11joe: but only the person I sent to can do it succesfully
x11joe: then within that message, they can prove it's me because I encrypt a validation token using my private key, and give them my public key in the encrypted message
x11joe: yes
x11joe: to everyone else it looks like giberish
x11joe: it's actually a simple concept once you get it
x11joe: this does require constant scanning of the database of the messages.
x11joe: but it's not that bad
x11joe: so might be 30 second delay on getting messages
x11joe: but worth it for security
x11joe: Anyways just wanted to share that so you know what I'm doing first
x11joe: so expect to see that in the next major update
x11joe: its the first step before one market.

for you drizzle, enjoy

Thanks Davey!  I don't get time to go on IRC...

[HoldTheLine]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

Why are you here pal? Honestly. You clearly have no vested interest in Cloak or else you wouldn't be shitting on your own investment. Why can't you and your ilk leave and go back to your respective threads? No one here owes you or any of the others an explanation for anything. You don't have a right to have your questions answered.

I can understand posting positively here if you are invested in Cloak - but to just waste life speaking negatively about something like this just seems crazy. Why not spread positive messages in the threads of the coins you hold? Much more rewarding to engage in a community of like minded individuals.

[Seio1]

Wow, that diagram...

[nsimmons]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

Would that diagram suffice as evidence? Appreciate your input.

Thanks

No. Here is an analogy.

Here is a description of a warp drive, using the known laws relativity. This does not constitute evidence of faster than light travel.
http://en.wikipedia.org/wiki/Alcubierre_drive#Mathematics_of_the_Alcubierre_drive

[drizzle2405]

Update:

There's been quite a lot of pressure for us to release in greater details, information about our finished anon product.

The whitepaper was deliberately made sparse to avoid attempts at copying from an early stage.

Cloak PoSA is well advanced now so we can now reveal a more indepth paper that shows how our finished Proof of Stake Anonymity system works.

PoSA is entirely trustless and solves the Byzantine Generals problem.





A first look at CloakPal coming tomorrow.

[smokim87]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

Would that diagram suffice as evidence? Appreciate your input.

Thanks

No. Here is an analogy.

Here is a description of a warp drive, using the known laws relativity. This does not constitute evidence of faster than light travel.
http://en.wikipedia.org/wiki/Alcubierre_drive#Mathematics_of_the_Alcubierre_drive

What would you consider valid evidence then?

[HoldTheLine]

No reistance up to 300,000 - You would think the folks who panic sold would have seen this coming!

[nsimmons]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

Why are you here pal? Honestly. You clearly have no vested interest in Cloak or else you wouldn't be shitting on your own investment. Why can't you and your ilk leave and go back to your respective threads? No one here owes you or any of the others an explanation for anything. You don't have a right to have your questions answered.

I can understand posting positively here if you are invested in Cloak - but to just waste life speaking negatively about something like this just seems crazy. Why not spread positive messages in the threads of the coins you hold? Much more rewarding to engage in a community of like minded individuals.

Simple, because If everyone just posts positive messages in an echo chamber, and it turns out the emperor has no clothes, everyone gets burned. If it turns out that the skeptics were wrong and miss out, at least they didn't lose their mortgage payment.

[stealth923]

That diagram is a mess. I am trying to work out the flow but the language used is like the boxes are having a chat (conversations) with each other  

[tubesteak]

TEAM CLOAK the Willy Wonka of crypto!!!

[DaveyJones]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

Would that diagram suffice as evidence? Appreciate your input.

Thanks

No. Here is an analogy.

Here is a description of a warp drive, using the known laws relativity. This does not constitute evidence of faster than light travel.
http://en.wikipedia.org/wiki/Alcubierre_drive#Mathematics_of_the_Alcubierre_drive

Now the Analogy lol.... but without getting Off-Topic.... if you want evidence.... what for PoSA being a FULL RELEASE.... and try to find out if you can connect sender and receiver.... easy job if this is nothing special for you

[socket]

Boom goes the dynamite.  Now, I sit here and wait for the neck bearding over why the diagram isn't good enough.

[DaveyJones]

That diagram is a mess. I am trying to work out the flow but the language used is like the boxes are having a chat (conversations) with each other  

thats why it is called a flow chart. I think the different colours make it pretty easy understandable.... or it may be that im just used to flow charts from university