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

[Seio1]

i just updated my wallet to v1.9.6.0

i have 0 active connection

Download the nodes in the block explorer and put the conf file in the %appdata% Cloakcoin

Excuse my stupidity, but where is the %appdata% folder?

C:\Users\YourUserName\AppData\Roaming\CloakCoin

[FmyL]

i just updated my wallet to v1.9.6.0

i have 0 active connection

Download the nodes in the block explorer and put the conf file in the %appdata% Cloakcoin

Excuse my stupidity, but where is the %appdata% folder?

C:\Users\YourUserName\AppData\Roaming\CloakCoin

Mac, please?

[Seio1]

Mac, please?

/Users/username/Library/Application Support/

If you can't find it, as it might be hidden:

http://www.macworld.com/article/1161156/view_library_folder_in_lion.html

[patronis]

so, the question of "what security risk" is involved in POS coins that every coin is susceptible to just got answered in the most brutal way possible.

?

VRC 51% attack just became a very real scenario, they don't need half the coins... just half the staking amount, of which more than 51% was stolen. I cant say whether that is the problem cloakdevs fixed or not, but I imagine it has something to do with that. It's at least a sobering reminder to keep your coins in your wallet...

Where did these details come from?

check the VRC thread?

wow. scary reading.

ya sick shit indeed , i wrote a week ago on there thread about 51% attack but everyone laughted at me

[socket]

so, the question of "what security risk" is involved in POS coins that every coin is susceptible to just got answered in the most brutal way possible.

?

VRC 51% attack just became a very real scenario, they don't need half the coins... just half the staking amount, of which more than 51% was stolen. I cant say whether that is the problem cloakdevs fixed or not, but I imagine it has something to do with that. It's at least a sobering reminder to keep your coins in your wallet...

Where did these details come from?

check the VRC thread?

wow. scary reading.

ya sick shit indeed , i wrote a week ago on there thread about 51% attack but everyone laughted at me

I think it's 8 million coins.  Not enough for 51% attack.  But, enough to cause some bad problems. Their hard fork roll back idea is a very risky move and likely will cause some bad problems by itself.  They're in a really bad spot I'm afraid.

[Vinculin]

so, the question of "what security risk" is involved in POS coins that every coin is susceptible to just got answered in the most brutal way possible.

?

VRC 51% attack just became a very real scenario, they don't need half the coins... just half the staking amount, of which more than 51% was stolen. I cant say whether that is the problem cloakdevs fixed or not, but I imagine it has something to do with that. It's at least a sobering reminder to keep your coins in your wallet...

Where did these details come from?

check the VRC thread?

wow. scary reading.

ya sick shit indeed , i wrote a week ago on there thread about 51% attack but everyone laughted at me

I think it's 8 million coins.  Not enough for 51% attack.  But, enough to cause some bad problems. Their hard fork roll back idea is a very risky move and likely will cause some bad problems by itself.  They're in a really bad spot I'm afraid.

Nope PoS attack can happen if someone holds more than 51% of the staking coins not the total no of coins.

In this case it is highly possible to happen.

[alwa1]

so, the question of "what security risk" is involved in POS coins that every coin is susceptible to just got answered in the most brutal way possible.

?

VRC 51% attack just became a very real scenario, they don't need half the coins... just half the staking amount, of which more than 51% was stolen. I cant say whether that is the problem cloakdevs fixed or not, but I imagine it has something to do with that. It's at least a sobering reminder to keep your coins in your wallet...

Where did these details come from?

check the VRC thread?

wow. scary reading.

ya sick shit indeed , i wrote a week ago on there thread about 51% attack but everyone laughted at me

I think it's 8 million coins.  Not enough for 51% attack.  But, enough to cause some bad problems. Their hard fork roll back idea is a very risky move and likely will cause some bad problems by itself.  They're in a really bad spot I'm afraid.

Nope PoS attack can happen if someone holds more than 51% of the staking coins not the total no of coins.

In this case it is highly possible to happen.

It wasn't POS attack, more like mtgox attack

[eric.thompson]

I keep wondering whether this was the PoS problem the CLOAK team has fixed with the last patch...
If it in fact was then thumbs up for the CLOAK dev team.

[cryptoyeah]

we need some statement from developers ...

We know, that PoW method is secure, but what about PoS ? i am only hoping, that is not fud created for marketing


Some info from relevant person... is cloak solving this problem ? new patch is solving this ?

dont expect more investors, if this questions are here..  obversely i am now thinking about pull off my investments from PoS coins..

[alwa1]

It wasn't a POS attack !!!!!! Mintpal was hacked

[threecats]

wallet 169 crashing every two hours or so. debug file shows long list of orphaned blocks, ending in "ERROR: CheckProofOfStake() : INFO: check kernel failed on coinstake ...." which results in crash. when wallet restarts, no stake.

any ideas what this is?

[Vinculin]

we need some statement from developers ...

We know, that PoW method is secure, but what about PoS ? i am only hoping, that is not fud created for marketing


Some info from relevant person... is cloak solving this problem ? new patch is solving this ?

dont expect more investors, if this questions are here..  obversely i am now thinking about pull off my investments from PoS coins..

I think that's not the problem. It's all because A bunch of greedy people/day-traders putting their coins on exchange hoping to make money in a short period of time. What if they put the coins in their wallets and staking to secure the blockchain? Hark fork will definitely be not going to happen.

[FmyL]

I've finally managed to get my wallet to sync but it won't acknowledge my transactions as a part of my balance (it is currently at 0.00). Is there anything I can do to get my wallet to recognize my balance.

[threecats]

we need some statement from developers ...

We know, that PoW method is secure, but what about PoS ? i am only hoping, that is not fud created for marketing


Some info from relevant person... is cloak solving this problem ? new patch is solving this ?

dont expect more investors, if this questions are here..  obversely i am now thinking about pull off my investments from PoS coins..

I think that's not the problem. It's all because A bunch of greedy people/day-traders putting their coins on exchange hoping to make money in a short period of time. What if they put the coins in their wallets and staking to secure the blockchain? Hark fork will definitely be not going to happen.

i think cryptoyeah has a valid point.  a good time for those in the team to step up and give information, especially given the unresolved POS flaw that they say they have discovered. yea sure all the koolaid drinkers will give me shit again. but i have run a number of startups in my time and communication is critical. a few moments of clear communication gives huge benefits. so all y'all who are getting ready to type "leave the developers alone", save it. communication is an essential part of any nascent business.

especially now. the cloak team could be communicating in a way that is positive, supportive of vrc, and clearing up the many questions that are being posed. and winning the PR game in the process.

people keep talking about the opportunities to market this coin and build a solid public image. here is a huge opportunity. the excuse that the core team is too busy with important things to weigh in does not cut it imho.

ok. cue hating responses.

[b623]

I've finally managed to get my wallet to sync but it won't acknowledge my transactions as a part of my balance (it is currently at 0.00). Is there anything I can do to get my wallet to recognize my balance.

type repairwallet in console

[DutchTrades]

Damn..
We where on such a nice ride.. PoSA that was announced, wallet upgrades, promised marketing.. I do believe that this devs are working very hard to get these things done, tough till today we as holders only hearing that these things are comming, and our  coin is nothing different from other altcoins now..

[CryptoAllDay]

we need some statement from developers ...

We know, that PoW method is secure, but what about PoS ? i am only hoping, that is not fud created for marketing


Some info from relevant person... is cloak solving this problem ? new patch is solving this ?

dont expect more investors, if this questions are here..  obversely i am now thinking about pull off my investments from PoS coins..

I think that's not the problem. It's all because A bunch of greedy people/day-traders putting their coins on exchange hoping to make money in a short period of time. What if they put the coins in their wallets and staking to secure the blockchain? Hark fork will definitely be not going to happen.

i think cryptoyeah has a valid point.  a good time for those in the team to step up and give information, especially given the unresolved POS flaw that they say they have discovered. yea sure all the koolaid drinkers will give me shit again. but i have run a number of startups in my time and communication is critical. a few moments of clear communication gives huge benefits. so all y'all who are getting ready to type "leave the developers alone", save it. communication is an essential part of any nascent business.

especially now. the cloak team could be communicating in a way that is positive, supportive of vrc, and clearing up the many questions that are being posed. and winning the PR game in the process.

people keep talking about the opportunities to market this coin and build a solid public image. here is a huge opportunity. the excuse that the core team is too busy with important things to weigh in does not cut it imho.

ok. cue hating responses.

No hate here, I agree that communication is vital to Cloak's success so would love to hear from the devs about the ongoing VRC situation.  With that being said, Dagger has done a great job thus far with keeping the community informed.

[CryptoAllDay]

Damn..
We where on such a nice ride.. PoSA that was announced, wallet upgrades, promised marketing.. I do believe that this devs are working very hard to get these things done, tough till today we as holders only hearing that these things are comming, and our  coin is nothing different from other altcoins now..

I disagree, we already have features already live that set us apart from other altcoins including:  Unique anon that doesn't utilize coinjoin, exchange trading built into the wallet.

[FmyL]

I've finally managed to get my wallet to sync but it won't acknowledge my transactions as a part of my balance (it is currently at 0.00). Is there anything I can do to get my wallet to recognize my balance.

type repairwallet in console

Thanks, it worked. Almost killed myself a couple times after I thought I lost 700 Cloak.

[Vinculin]

we need some statement from developers ...

We know, that PoW method is secure, but what about PoS ? i am only hoping, that is not fud created for marketing


Some info from relevant person... is cloak solving this problem ? new patch is solving this ?

dont expect more investors, if this questions are here..  obversely i am now thinking about pull off my investments from PoS coins..

I think that's not the problem. It's all because A bunch of greedy people/day-traders putting their coins on exchange hoping to make money in a short period of time. What if they put the coins in their wallets and staking to secure the blockchain? Hark fork will definitely be not going to happen.

i think cryptoyeah has a valid point.  a good time for those in the team to step up and give information, especially given the unresolved POS flaw that they say they have discovered. yea sure all the koolaid drinkers will give me shit again. but i have run a number of startups in my time and communication is critical. a few moments of clear communication gives huge benefits. so all y'all who are getting ready to type "leave the developers alone", save it. communication is an essential part of any nascent business.

especially now. the cloak team could be communicating in a way that is positive, supportive of vrc, and clearing up the many questions that are being posed. and winning the PR game in the process.

people keep talking about the opportunities to market this coin and build a solid public image. here is a huge opportunity. the excuse that the core team is too busy with important things to weigh in does not cut it imho.

ok. cue hating responses.

I agree it would be good for the devs to expose the flaw they discovered and how the patch fixes that existing problem. However, the first priority would be get the PoS anon out of public and I believe they are kicking their ass off to get it done.