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

[heartastack]

These guys are developing systems that contribute positively to our freedom as human beings.

[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  

thats why it is called a flow chart.

there is no flow...a flow chart has a beginning and an end...

and diamonds for if/true/false statements etc

[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

What would you consider valid evidence then?

Well that was my original question, which I do not have an answer for.

Full open source audit by industry experts would be pretty fool-proof for me, but by that time most of the price rise would have happened in anticipation.

[nsimmons]

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.

there is no flow...a flow chart has a beginning and an end...

That was my very first thought. I understand were it is supposed to end, but it is a poorly thought out.

[DaveyJones]

I give you a hint.... its Joe

[GarlukKY]

*sigh*  You guys just had to go and release more good news before my btc purchase could clear.  Now I won't be able to snatch up more cheap Cloak before the price rockets up.

[tubesteak]

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.

Thanks Cloak Team "Willy Wonka"

[Danob]

If you don't believe the Devs after  all these proves and planes, I think you are out of you mind.
The Cloak team could have  dumped their coins long time ago but they didn't , rich list shows it all
keep your Cloak for later, if you don't, you gonna buy them
when its too late like what happened  in other coin, trader knows when and how to buy.

http://laurampaulson.com/wp-content/uploads/2011/07/Where-the-Real-Money-Comes-From.jpg

[heartastack]

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.

there is no flow...a flow chart has a beginning and an end...

That was my very first thought. I understand were it is supposed to end, but it is a poorly thought out.

God, these devs are responding to FUD at a record pace. Do you think they studied chart development? Charting is some of the dryest and most boring bullshit to do in the world - I know as I did food safety charts all day in my old job.

I'm sure they would rather get back to developing but I'm grateful that they care enough about holders to do what they can to dispell fud and malicious attack.

Look at the diagram and if you don't like it, fuck off with your freedom of choice and stop imposing your interpretation on others. You're no better than a religious zealot. We can read too phagget.

[nsimmons]

I give you a hint.... its Joe

No what is shows is that who ever drew it has never taken a single course in algorithm design, or even process management. To the university grads here, did you ever see something like this in CompSci 101?

[mikerutch]

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.

PoSA, OneMarket, CIARA, OneLedger, and now CloakPAL......this just keeps getting better and better!!! BUY UP BOYS!!!

[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

What would you consider valid evidence then?

Well that was my original question, which I do not have an answer for.

Full open source audit by industry experts would be pretty fool-proof for me, but by that time most of the price rise would have happened in anticipation.

And in the meantime? Either you should be convinced by that chart now and should get some Cloaks... or it does not convince you but then i dont understand why this thread is still ur business. You can buy on speculation what MIGHT be and earn some profit.... or wait till your Open Source Audit happened and likely buy way less cloak for the btc and hope the dev team got some further innovation

[stealth923]

WTF so the only thing I can see is Alty sends the coin to POSA #1 node, the POSA#1 node sends the coin to Joe and then Joe finds a Posa #2 node...then the Posa #2 sends the coin BACK to Joe???

what the hell is the point of that and how is it anonymous?

[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?

Well that was my original question, which I do not have an answer for.

Full open source audit by industry experts would be pretty fool-proof for me, but by that time most of the price rise would have happened in anticipation.

A few of us on the irc were discussing this during the private beta testing. This should happen when PoSA is fully released.

Its not always about the price, PoSA is something new and having industry experts confirm its the real deal is a pretty big in cryptos. Not everyone here is in it for the money. Most are but not everyone.

[CryptoGretzky]

Few questions...

1. Why does POSA Node #1 (Purple) sends 50 Cloak to Joe?   If Node 1 already send him 50 cloak, then why goes through all the other Pink/white/yellow boxes?
2. Why does Joe need to "Find PoSA Node #2" (Pink box first arrow from Joe)?
3. How does Joe send the _PoSA address to Alt?  Direct IP?

[tubesteak]

I give you a hint.... its Joe

No what is shows is that who ever drew it has never taken a single course in algorithm design, or even process management. To the university grads here, did you ever see something like this in CompSci 101?

You don't matter, bye

[DaveyJones]

I give you a hint.... its Joe

No what is shows is that who ever drew it has never taken a single course in algorithm design, or even process management. To the university grads here, did you ever see something like this in CompSci 101?

thats like moaning against somebody about his bad english.... even if you did understand everything. Yep you are right this can be done better.... but point is i do understand what the chart wants to tell so its not a bad chart.

[nsimmons]

I give you a hint.... its Joe

No what is shows is that who ever drew it has never taken a single course in algorithm design, or even process management. To the university grads here, did you ever see something like this in CompSci 101?

You don't matter, bye

Quick silence the dissenter!

[x11joe]

WTF so the only thing I can see is Alty sends the coin to POSA #1 node, the POSA#1 node sends the coin to Joe and then Joe finds a Posa #2 node...then the Posa #2 sends the coin BACK to Joe???

what the hell is the point of that and how is it anonymous?

We're going to make another diagram to explain this better with visuals.  The key is things are being sent to temporary addresses.  I'll come up with something better soon.

Think of it like this.

You -> PosA Node #1 -> Receiver (temp address) -> PoSA Node #2 -> Actual Receiver Address

PoSa Node #1 and #2 knows its safe to send to the Receiver temp address because of block escrow, a new transaction in the blockchain that is verified by all peers just like how normal transactions are.

It's ANON because PoSA Node #2 uses different 'cloak' then what he received to send money to you breaking the trace.

You could think of it like this.

Bob has $50, wants to send $50 to alice.  All his dollars are tainted with the letter B.  If you send the money to alice you can see the B's and you know it's from Bob.

If the money from PoSA Node#2 came from someone else (different traces) and was sent to the receiver it's Anon.  Essentially Alice see's money with different letters on it, say C or something.

This is what is happening in the final steps, this does require that the PoSA Nodes actually have the money to send so balance checks would be in place.

[tubesteak]

I knew within minutes these Cloak stalkers would be back. Muthafuckaz just stay stalking. It's creepy. go away