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

[eatenbyagrue]

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 have no idea where CLOAK will end up, but if you are looking for a big update every day, well that is just not realistic.  It's the weekend.  I am looking forward to this week, however.

[batty634]

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..

try to be patient, the devs are excellent and the coin is still the most promising of alts imo, this week should be interesting

[Jaqen]

From what I understand, the devs are withholding information about the PoS vulnerability because it could be used to attack other coins. Smart move IMO. I respect them for being considerate of all cryptocurrencies and not using it for PR.

[ozkraut]

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.

+1 we need to get a certain vibe that can only be achieved thru some sharp and focused communications. Doesn't need to be wordy. Five dot points, sharp and to the point will make a hell of a difference.

[lab rat hoax]

From what I understand, the devs are withholding information about the PoS vulnerability because it could be used to attack other coins. Smart move IMO. I respect them for being considerate of all cryptocurrencies and not using it for PR.

me too, our devs have class

[eatenbyagrue]

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 am confused.  The VRC theft had nothing to do with a PoS flaw.  Why does anyone need to step in and start talking about PoS flaws right now?

[gorgo]

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.

It seems most people don't even know what is and what is not possible to achieve in a 51% attack.
It is impossible to steal coins from somebody elses wallet whithout the private keys to the wallet address where the coins are stored on (except if the attacker has before transfered them to that wallet and removes all nodes back to that transaction ).

Knowing that you can be 100% sure that mintpal thing had nothing to do with any 51% attack.

[eatenbyagrue]

It seems most people don't even know what is and what is not possible to achieve in a 51% attack.
It is impossible to steal coins from somebody elses wallet whithout the private keys to the wallet address where the coins are stored on (except if the attacker has before transfered them to that wallet and removes all nodes back to that transaction ).

Knowing that you can be 100% sure that mintpal thing had nothing to do with any 51% attack.

I do not think most people think this.  The point was that with roughly 1/3 of VRC stolen, the thief could thereafter launch a 51% attack, because it is possible to stake over 51% with less than 51% of the coin total.  Correct me if I am wrong.  I am still not totally clear on the what attacks can be made via staking.

[heartastack]

This is the most suspicious and weird coin I've ever been in. I don't know what's going on, everything is confusing, people are being hacked, exchanges are being hacked. Lets hope everything checks out and the price hits above DRK's highs.

None of that has anything to do with Cloak.

[mrmanager]

This is the most suspicious and weird coin I've ever been in. I don't know what's going on, everything is confusing, people are being hacked, exchanges are being hacked. Lets hope everything checks out and the price hits above DRK's highs.

Right, because the coin has nothing to do with what you've just mentioned. Vericoin was attacked on MintPal, it has nothing to do with cloak, and there have been a few isolated incidents with malware and stolen coins.

[TheDagger]

As far as we know the coins that were stolen on Mintpal (not cloakcoin) was related to an exploit in the security system of the exchange. Nothing to do with the coin itself.

The flaw that we found in many PoS systems enables somebody (or a group) to effectively sabotage the PoS staking system and grind it to a halt.

It doesn't enable people to steal coins.

Today is Sunday and lead dev has been off to attend to other things. Tomorrow is Monday, that means more productivity.

Patience guys, we got a long way ahead of us and these are early days.

[eatenbyagrue]

As far as we know the coins that were stolen on Mintpal (not cloakcoin) was related to an exploit in the security system of the exchange. Nothing to do with the coin itself.

The flaw that we found in many PoS systems enables somebody (or a group) to effectively sabotage the PoS staking system and grind it to a halt.

It doesn't enable people to steal coins.

Today is Sunday and lead dev has been off to attend to other things. Tomorrow is Monday, that means more productivity.

Patience guys, we got a long way ahead of us and these are early days.

Thanks, D-man!

[heartastack]

yawn

[CryptoAllDay]

Thanks for the update dagger!  LOL at the FUD attempts.  Always big red and bold.

[heartastack]

Thanks for the update dagger!  LOL at the FUD attempts.  Always big red and bold.

Yep, like a dog's dick - and he just can't stop licking.

[ButcherBill]

As a vendor, are the prices updated live? Would there be a feature where the buyer can pay in Cloak and the seller set parameters to auto trade them to BTC? Also, how is the marketplace going to deal with returns generally?

[bangomatic]

Time to move more bitcoin to mintpaL   

[heartastack]

Time to move more bitcoin to mintpaL   

Pretty much the buying op I was hoping for. God bless the herd

[ClutchThese]

Time to move more bitcoin to mintpaL   

Pretty much this.

It's time!

[darkproton]

Old man Rage. Raaaaaaaaaaaaaaaaaaaaa

got any evidence to support your claim ?   

Low Testosterone. Unfulfilled sex life.

FUD has caused others coins to dive lately. All this yelling is attempting to do the same to cloakcoin. Everything has been addressed. There was an invite only room to test posa. I was there. We weren't able to test. Nothing happened there. I can post the irc logs. Mostly 'hi. cloak is cool'. This is now the new normal. First, it was the semi intelligent sounding troll, who would try to engage one with a hint of intelligence before devolving into trollish behaviour. Now it's guys typing really big and in colors intimating importance through a intensity akin to written yelling. Fuck off. See, anyone can do it.