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

[lab rat hoax]

thanks drizzle    this is what its about. 
someday we'll say  "well back in my day sonny, we used to be able to buy CLOAK for less than a dollar, them were the days alrighty"

"now i'm staking $500 a day sitting on my ass" 

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[drizzle2405]

thanks drizzle    this is what its about. 
someday we'll say  "well back in my day sonny, we used to be able to buy CLOAK for less than a dollar, them were the days alrighty"

"now i'm staking $500 a day sitting on my ass" 

The more testimonials from the community, the more people outside will join in on the Cloak parade!

[HoldTheLine]

That 150,000 satoshi wall has held the price up for too long.

[bangomatic]

thanks drizzle    this is what its about.  
someday we'll say  "well back in my day sonny, we used to be able to buy CLOAK for less than a dollar, them were the days alrighty"

"now i'm staking $500 a day sitting on my ass"  

The more testimonials from the community, the more people outside will join in on the Cloak parade!

+1 AMEN Thanks for keepin it Trill.

This IS what it's about.

[djslick]

And all of this without us even starting the PR campaign yet. 

You know what i hate? that people that i dislike have found out about me backing cloak and are smart enough to get on board too and they'll make alot of money offa my tip, and people that i want to get rich, the ones that really need it are too ambivalent about cryptos in general.

oh well, i'm getting mine jack. 

[KennyR]

CEO of LiteBit here.

We will soon add USD currency on our website. People will be able to buy with Credit Card (Limited). More information will come later on.

[Bobsurplus]

Dammm.. All these trolls still trolling me. I gave up in the dark thread, wished them all well yet these guys still come after me in here.
Either I'm really special or... I dont really know.
I just wish these fudpackers would leave my name out of their mouths.

Now.. On to brighter things. I was out at a dinner meeting for the last few hours and was chatting about bitcoin as I do all day every day and the subject of alts came up.

Obviously Cloak was the main topic of discussion and to make a long story short as soon as one market is up, you'll be able to buy precious metals such as gold, silver and platinum with cloak. You'll also be able to purchase consumer jewelry and diamonds. As my friend runs a legit business you'll need to deal with the laws that he needs to work within, so... NO, you cant buy 25K in gold and have it shipped to john doe but I know you guys are smart. You'll figure it out.


viva la cloakcoin and bitcoin biiiiiitches!

[Bobsurplus]

CEO of LiteBit here.

We will soon add USD currency on our website. People will be able to buy with Credit Card (Limited). More information will come later on.

Can you tell me more about your site please. I never heard of it.

When did you start?
Where are you guys located?
ect ect ect.

Thanks Kenny.

EDIT: Nevermind, I just checked your site. So many errors it's not even funny.

[flarebrass166]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

[zing96]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

This bug has been fixed in future versions of the wallet.  And, yes...it does need to be unlocked to stake.

[HoldTheLine]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

As the wallet itself states - "it offers no real protection". Personally I wouldn't risk staking until this is sorted out - too many people have complained about being hacked and having coins stolen - an unlocked wallet is not going to do any of us any favors, especially those who bought in when the price was 10x lower and therefore have considerably more to loose!

[Bobsurplus]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

As the wallet itself states - "it offers no real protection". Personally I wouldn't risk staking until this is sorted out - too many people have complained about being hacked and having coins stolen - an unlocked wallet is not going to do any of us any favors, especially those who bought in when the price was 10x lower and therefore have considerably more to loose!

Umm, who complained about having coins stolen, I don't remember seeing any of that. Also, everyone has the same amount to lose, don't matter if they bought in 10 seconds ago or at 10K. This is real money here.. not some magic fiat based currency.

[HoldTheLine]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

As the wallet itself states - "it offers no real protection". Personally I wouldn't risk staking until this is sorted out - too many people have complained about being hacked and having coins stolen - an unlocked wallet is not going to do any of us any favors, especially those who bought in when the price was 10x lower and therefore have considerably more to loose!

Umm, who complained about having coins stolen, I don't remember seeing any of that. Also, everyone has the same amount to lose, don't matter if they bought in 10 seconds ago or at 10K. This is real money here.. not some magic fiat based currency.

The two major complaints were from members of the community who had coins stolen from their wallets some weeks ago now. There was a fellow asking for donations a while back who had over 20,000 Cloak stolen and another who made it known on the IRC. It's all there in the backlogs but that's not the point really - security is the point and an unlocked wallet is a security risk. If people want to stake in an unlocked wallet they should be aware of the risks that come with it.

[Bobsurplus]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

As the wallet itself states - "it offers no real protection". Personally I wouldn't risk staking until this is sorted out - too many people have complained about being hacked and having coins stolen - an unlocked wallet is not going to do any of us any favors, especially those who bought in when the price was 10x lower and therefore have considerably more to loose!

Umm, who complained about having coins stolen, I don't remember seeing any of that. Also, everyone has the same amount to lose, don't matter if they bought in 10 seconds ago or at 10K. This is real money here.. not some magic fiat based currency.

The two major complaints were from members of the community who had coins stolen from their wallets some weeks ago now. There was a fellow asking for donations a while back who had over 20,000 Cloak stolen and another who made it known on the IRC. It's all there in the backlogs but that's not the point really - security is the point and an unlocked wallet is a security risk. If people want to stake in an unlocked wallet they should be aware of the risks that come with it.

No, I totally agree, security must come first. I just did not read about any thefts. I'll have to try and find those posts now.

[Korean]

Are you using Windows for wallet? How do you harden security?

[AngusCanine]

thanks drizzle    this is what its about. 
someday we'll say  "well back in my day sonny, we used to be able to buy CLOAK for less than a dollar, them were the days alrighty"

"now i'm staking $500 a day sitting on my ass" 

I'm gonna come out and ask how many cloak does it take stake that much?

[heartastack]

thanks drizzle    this is what its about. 
someday we'll say  "well back in my day sonny, we used to be able to buy CLOAK for less than a dollar, them were the days alrighty"

"now i'm staking $500 a day sitting on my ass" 

I'm gonna come out and ask how many cloak does it take stake that much?

Right now, more than anyone has.

In the future if Cloak costs $1000 per coin? Not that much. That's the point of his post. Invest now for the future.

[heartastack]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

As the wallet itself states - "it offers no real protection". Personally I wouldn't risk staking until this is sorted out - too many people have complained about being hacked and having coins stolen - an unlocked wallet is not going to do any of us any favors, especially those who bought in when the price was 10x lower and therefore have considerably more to loose!

Umm, who complained about having coins stolen, I don't remember seeing any of that. Also, everyone has the same amount to lose, don't matter if they bought in 10 seconds ago or at 10K. This is real money here.. not some magic fiat based currency.

The two major complaints were from members of the community who had coins stolen from their wallets some weeks ago now. There was a fellow asking for donations a while back who had over 20,000 Cloak stolen and another who made it known on the IRC. It's all there in the backlogs but that's not the point really - security is the point and an unlocked wallet is a security risk. If people want to stake in an unlocked wallet they should be aware of the risks that come with it.

You know, you can have some of the smartest and secure locks the world can offer you. But if you give the bad guy your keys then that's your fault.
I think you better look deeper into the story of these 'hacks'. Usually it's because the person was piss-poor at maintaining basic security on their PC. I don't think I've seen any instances here of sophisticated hacking except for the Mintpal attack.

That said, we should of course put a high focus on security.

[HoldTheLine]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

As the wallet itself states - "it offers no real protection". Personally I wouldn't risk staking until this is sorted out - too many people have complained about being hacked and having coins stolen - an unlocked wallet is not going to do any of us any favors, especially those who bought in when the price was 10x lower and therefore have considerably more to loose!

Umm, who complained about having coins stolen, I don't remember seeing any of that. Also, everyone has the same amount to lose, don't matter if they bought in 10 seconds ago or at 10K. This is real money here.. not some magic fiat based currency.

The two major complaints were from members of the community who had coins stolen from their wallets some weeks ago now. There was a fellow asking for donations a while back who had over 20,000 Cloak stolen and another who made it known on the IRC. It's all there in the backlogs but that's not the point really - security is the point and an unlocked wallet is a security risk. If people want to stake in an unlocked wallet they should be aware of the risks that come with it.

No, I totally agree, security must come first. I just did not read about any thefts. I'll have to try and find those posts now.

Absolutely - I myself had a Litecoin wallet skimmed of close to 500 LTC back in August. Wasn't as big of a deal then as it was when the coin hit $40 USD lol Just wanted all of us who invested low to remember that although we might only have paid a few hundred dollars for our Cloak - we need to remember that the potential value of these things is a hell of a lot more and should treat it accordingly. Lock the wallet, sit back and enjoy watching your coins go up in value over the coming months!

[heartastack]

does the wallet have to stay be unlocked to stake because I checked the box that says for staking only and it still lets me send coins without a password prompt

As the wallet itself states - "it offers no real protection". Personally I wouldn't risk staking until this is sorted out - too many people have complained about being hacked and having coins stolen - an unlocked wallet is not going to do any of us any favors, especially those who bought in when the price was 10x lower and therefore have considerably more to loose!

Umm, who complained about having coins stolen, I don't remember seeing any of that. Also, everyone has the same amount to lose, don't matter if they bought in 10 seconds ago or at 10K. This is real money here.. not some magic fiat based currency.

The two major complaints were from members of the community who had coins stolen from their wallets some weeks ago now. There was a fellow asking for donations a while back who had over 20,000 Cloak stolen and another who made it known on the IRC. It's all there in the backlogs but that's not the point really - security is the point and an unlocked wallet is a security risk. If people want to stake in an unlocked wallet they should be aware of the risks that come with it.

No, I totally agree, security must come first. I just did not read about any thefts. I'll have to try and find those posts now.

Absolutely - I myself had a Litecoin wallet skimmed of close to 500 LTC back in August. Wasn't as big of a deal then as it was when the coin hit $40 USD lol Just wanted all of us who invested low to remember that although we might only have paid a few hundred dollars for our Cloak - we need to remember that the potential value of these things is a hell of a lot more and should treat it accordingly. Lock the wallet, sit back and enjoy watching your coins go up in value over the coming months!

Keep in mind the network needs staking to facilitate smooth transactions and secure the block chain. So if everyone locks their wallets then sit back and watch a 51% attack or the dreaded forks start occuring again like early days.

Secure PC = secure wallet.