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

[ClutchThese]

That tomorrow is now today!

I'm excited to see what's released as well. Should be interesting to say the least.

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[AngusCanine]

I think we talk about price here because the technicalities have been addressed already, this isn't the dark coin thread where they all hold hands and talk about the failed masternodes and the up and comin masternodes. So .....

[TheDagger]

Please help us by reporting FUDDERS and TROLLS to the mods.

[Tyreal]

WOW!

Lots of action in here the past day or two.  A coin starts a BIG climb and some hoodrats come knockin!

On a different note, CIARA is supposed to be announced today! How excited are you for that?!


What can it mean... I think Cloak Intermediate Repository Anonymizer

[Tyreal]

WOW!

Lots of action in here the past day or two.  A coin starts a BIG climb and some hoodrats come knockin!

On a different note, CIARA is supposed to be announced today! How excited are you for that?!


What can it mean... I think Cloak Intermediate Repository Anonymizer

WHERE DID U HEAR IT GETS ANNOUNCED TODAY

https://bitcointalk.org/index.php?topic=637704.msg8128502#msg8128502

I'm sorry i was thinking it was CIARA when in fact it's CloakPal

[pookielax31]

Please help us by reporting FUDDERS and TROLLS to the mods.

lol getting desperate I see  

Im sure ur qawzsx  and u just created this account seconds ago because i personally called you out in the XC chat ur homebase.... hahah troll from a real account u pussy If ur afraid to use your reall BTC account ur such a lil fag... at least that guy DRKman did hide behind throw away accounts

not too late to sell this shitcoin and buy an alternative  
don't end up bagholding  

My uncles in the private CLOAK IRC testing group.... after talking to him hahah I will happily bag-hold till the day I DIE

[HoldTheLine]

The trend is upwards. There will ofcourse be little sell offs after each 10 or 20% increase in price but day on day the price will be up - at least for the next few days. Too many people waiting to buy off the book when it drops down around 250,000. Smart buyers who actually want coins (as opposed to bolstering a buy book) dont place a buy order, they wait for a pair of weak hands to think no one is buying anymore and place a low ball sell order - then they pounce and eat it in one bite. You can see that happening right now with orders below 260,000. Look for the signs and you will realise that Cloak is about as safe a bet as you can make in the Crypto world right now.

The revealing of Cloakpal later today will also cause a rally - don't be the one buying after the news hits, have all the cloak you wish to hold before the big buys come in. We've seen some 10+ BTC buys in the last 6 hours - there will be more in the coming 6.

[bangomatic]

Is anyone even voting at https://hitbtc.com/vote  cloak has fallen way behind. To be honest, their voting system is a joke.

[bangomatic]

XC TROLL freshly added to ignore list along with many other douchebags

[burner2014]

Added technical charts for all investors: https://bitcointalk.org/index.php?topic=714803.msg8075534#msg8075534

Big thanks to the user technical for providing!

Please discuss all analysis here in this thread! Not in mine.

If you think you can do it better / different / see it different feel free to provide me your charts and your view of the charts.

Cheers,

Chris

[Tyreal]

Is anyone even voting at https://hitbtc.com/vote  cloak has fallen way behind. To be honest, their voting system is a joke.

I haven't been. If they don't add CLOAK, it's whatever. Would be nice to have the USD exchange, but it's not necessary.

[tokyoghetto]

Guys correct me if I am wrong but there is a hidden gem here:

PoSA requires that PoSA nodes hold X amount of coins for a PoSA transaction to happen. Lets say Dave wants to send Alice 1000 CLOAK. There needs to be 2 PoSA nodes that have 1000 CLOAK in order for the PoSA transaction to happen. If there isn't, then Dave can't send the Alice the 1000 CLOAK.

why is this important? Well very simple.....FEES!!

If you are running a PoSA node with lets say 1K CLOAK, then your node has a higher chance of conducting 1K CLOAK PoSA trades. Not many nodes will have 1k CLOAK in the future, as price continues to rise. PoSA will still work becuase its not like only 2 nodes will exist with that many CLOAK, but its not like there will be 1 million of them. Heck DRK only has about 800+ Masternodes at the moment.

How does this differ from running a DRK Masternode?

As i understand it, DRK masternodes take 20% of all the PoW mined coins as payment for running a node. More nodes = less DRK for each masternode, since there is a fixed number of coins that get mined everyday.

With PoSA nodes, more PoSA tx volume = more fees. In the future it will be very lucrative to run big CLOAK PoSA nodes so that whales can do big PoSA transactions. Don't forget that the fees are percentage based as well.

Am I making sense here, or do I have it all wrong?

[bangomatic]

Guys correct me if I am wrong but there is a hidden gem here:

PoSA requires that PoSA nodes hold X amount of coins for a PoSA transaction to happen. Lets say Dave wants to send Alice 1000 CLOAK. There needs to be 2 PoSA nodes that have 1000 CLOAK in order for the PoSA transaction to happen. If there isn't, then Dave can't send the Alice the 1000 CLOAK.

why is this important? Well very simple.....FEES!!

If you are running a PoSA node with lets say 1K CLOAK, then your node has a higher chance of conducting 1K CLOAK PoSA trades. Not many nodes will have 1k CLOAK in the future, as price continues to rise. PoSA will still work becuase its not like only 2 nodes will exist with that many CLOAK, but its not like there will be 1 million of them. Heck DRK only has about 800+ Masternodes at the moment.

How does this differ from running a DRK Masternode?

As i understand it, DRK masternodes take 20% of all the PoW mined coins as payment for running a node. More nodes = less DRK for each masternode, since there is a fixed number of coins that get mined everyday.

With PoSA nodes, more PoSA tx volume = more fees. In the future it will be very lucrative to run big CLOAK PoSA nodes so that whales can do big PoSA transactions. Don't forget that the fees are percentage based as well.

Am I making sense here, or do I have it all wrong?

I was thinking the same thing. It would be more advantageous to have one wallet with many coins rather than several wallets with small amounts? and wallet with no coins can't play.

[Tyreal]

Guys correct me if I am wrong but there is a hidden gem here:

PoSA requires that PoSA nodes hold X amount of coins for a PoSA transaction to happen. Lets say Dave wants to send Alice 1000 CLOAK. There needs to be 2 PoSA nodes that have 1000 CLOAK in order for the PoSA transaction to happen. If there isn't, then Dave can't send the Alice the 1000 CLOAK.

why is this important? Well very simple.....FEES!!

If you are running a PoSA node with lets say 1K CLOAK, then your node has a higher chance of conducting 1K CLOAK PoSA trades. Not many nodes will have 1k CLOAK in the future, as price continues to rise. PoSA will still work becuase its not like only 2 nodes will exist with that many CLOAK, but its not like there will be 1 million of them. Heck DRK only has about 800+ Masternodes at the moment.

How does this differ from running a DRK Masternode?

As i understand it, DRK masternodes take 20% of all the PoW mined coins as payment for running a node. More nodes = less DRK for each masternode, since there is a fixed number of coins that get mined everyday.

With PoSA nodes, more PoSA tx volume = more fees. In the future it will be very lucrative to run big CLOAK PoSA nodes so that whales can do big PoSA transactions. Don't forget that the fees are percentage based as well.

Am I making sense here, or do I have it all wrong?

If this IS true, it will be something very interesting. Anyone else have another take on this? Is it possible to split large transactions into smaller ones?

[youngmike]

And investors doesn't have to sell their coins to gain profit, they can run a PoSA node to gain fees like shareholders gain dividends from stocks?

[Tyreal]

Also, Just because you have a wallet with a ton of coins, doesn't mean you'll only get the big transactions. You can still stake a large quantity on a small transaction. Isn't that the point of weight?

[tokyoghetto]

Also, Just because you have a wallet with a ton of coins, doesn't mean you'll only get the big transactions. You can still stake a large quantity on a small transaction. Isn't that the point of weight?

you are correct. But the higher the value of the transaction, the less nodes that can accommodate the PoSA tx. if you want to send 10 CLOAK PoSA, I am sure there will thousands of wallets that can handle that trade. but if you want to send 1k CLOAK, there will be considerably less wallets, which means the 1k wallets will see that action more often and get nice fees from it.

But unlike DRK, everyone can play, as long as you have CLOAK in your wallet and opt-in to be a PoSA node.

[Tyreal]

Also, Just because you have a wallet with a ton of coins, doesn't mean you'll only get the big transactions. You can still stake a large quantity on a small transaction. Isn't that the point of weight?

you are correct. But the higher the value of the transaction, the less nodes that can accommodate the PoSA tx. if you want to send 10 CLOAK PoSA, I am sure there will thousands of wallets that can handle that trade. but if you want to send 1k CLOAK, there will be considerably less wallets, which means the 1k wallets will see that action more often and get nice fees from it.

But unlike DRK, everyone can play, as long as you have CLOAK in your wallet and opt-in to be a PoSA node.

If this theory is correct, anyone with a sizeable trade will run the risk of NOT being anonymous. So if i were a bag holder, or a darkweb guy and wanted to hide hundreds of thousands of dollars from the network, i would have to do hundreds of smaller transactions to guarantee anonymity.

I would expect that the devs have taken into consideration the larger transactions and not limiting who can and cannot accomodate those.

[tokyoghetto]

Also, Just because you have a wallet with a ton of coins, doesn't mean you'll only get the big transactions. You can still stake a large quantity on a small transaction. Isn't that the point of weight?

you are correct. But the higher the value of the transaction, the less nodes that can accommodate the PoSA tx. if you want to send 10 CLOAK PoSA, I am sure there will thousands of wallets that can handle that trade. but if you want to send 1k CLOAK, there will be considerably less wallets, which means the 1k wallets will see that action more often and get nice fees from it.

But unlike DRK, everyone can play, as long as you have CLOAK in your wallet and opt-in to be a PoSA node.

If this theory is correct, anyone with a sizeable trade will run the risk of NOT being anonymous. So if i were a bag holder, or a darkweb guy and wanted to hide hundreds of thousands of dollars from the network, i would have to do hundreds of smaller transactions to guarantee anonymity.

I would expect that the devs have taken into consideration the larger transactions and not limiting who can and cannot accomodate those.

or the price of CLOAK goes up and you don't need that many CLOAK to conduct PoSA tx. If my PoSA holds 10k CLOAK and its worth 1 million USD, then I am sure that node can handle 99% of all PoSA tx.

Since the escrow block needs to ensure that the nodes + sender have the coins or else it won't complete the trade, then you need nodes that have the amount of coins equal to the coins being sent. This is the trade off to having PoSA tech. Even with other anon coins, you need nodes that hold the amount of coins that need to be transacted, in order to break the chain of tx and hide the sender.

This is not a bad thing. In the future you may see big corporations running huge PoSA nodes, acting as anonymous tx processing centers.

[Tyreal]

Also, Just because you have a wallet with a ton of coins, doesn't mean you'll only get the big transactions. You can still stake a large quantity on a small transaction. Isn't that the point of weight?

you are correct. But the higher the value of the transaction, the less nodes that can accommodate the PoSA tx. if you want to send 10 CLOAK PoSA, I am sure there will thousands of wallets that can handle that trade. but if you want to send 1k CLOAK, there will be considerably less wallets, which means the 1k wallets will see that action more often and get nice fees from it.

But unlike DRK, everyone can play, as long as you have CLOAK in your wallet and opt-in to be a PoSA node.

If this theory is correct, anyone with a sizeable trade will run the risk of NOT being anonymous. So if i were a bag holder, or a darkweb guy and wanted to hide hundreds of thousands of dollars from the network, i would have to do hundreds of smaller transactions to guarantee anonymity.

I would expect that the devs have taken into consideration the larger transactions and not limiting who can and cannot accomodate those.

or the price of CLOAK goes up and you don't need that many CLOAK to conduct PoSA tx. If my PoSA holds 10k CLOAK and its worth 1 million USD, then I am sure that node can handle 99% of all PoSA tx.

I agree. You'll be able to handle MOST. But, if this is the way the POSA works, it wouldn't be 100% anon.  So, i'd have to lean on the side of caution and say this isn't completely accurate. I think the thought process you provided is great, i just think there's more to it. Will have to wait and see what the devs say.