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

[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

[HoldTheLine]

PoSA is entirely trustless and solves the Byzantine Generals problem.

Extraordinary claims require extraordinary evidence.

Why are you here pal? Honestly. You clearly have no vested interest in Cloak or else you wouldn't be shitting on your own investment. Why can't you and your ilk leave and go back to your respective threads? No one here owes you or any of the others an explanation for anything. You don't have a right to have your questions answered.

I can understand posting positively here if you are invested in Cloak - but to just waste life speaking negatively about something like this just seems crazy. Why not spread positive messages in the threads of the coins you hold? Much more rewarding to engage in a community of like minded individuals.

Simple, because If everyone just posts positive messages in an echo chamber, and it turns out the emperor has no clothes, everyone gets burned. If it turns out that the skeptics were wrong and miss out, at least they didn't lose their mortgage payment.

Still doesn't explain why you are here - How are you benefiting from these posts? What do you gain? I sincerely doubt you are spending your own precious time simply to 'help' others.

[drizzle2405]

Trying to answer nsimmons is like this:

Nuclear fusion happens in the sun everyday.  As of this moment in time we can't replicate nuclear fusion.  He wants you to prove that it happens.  You could throw him 1,000 diagrams explaining how it happens and show what you call evidence, but because you can't replicate it, it really doesn't happen.

Pointless convo...  Onto the next.

[DiCE1904]

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.

YES!

[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?

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.

You make a great point, "Yep you are right this can be done better....", but we are lead to believe

PoSA is entirely trustless and solves the Byzantine Generals problem.

From people who cant design a proper flow chart?

[mikerutch]

GUYS stop discussing trolls, we have new announcements, discuss that.....

[nsimmons]

Trying to answer nsimmons is like this:

Nuclear fusion happens in the sun everyday.  As of this moment in time we can't replicate nuclear fusion.  He wants you to prove that it happens.  You could throw him 1,000 diagrams explaining how it happens and show what you call evidence, but because you can't replicate it, it really doesn't happen.

Pointless convo...  Onto the next.

Nice try, there's these things call neutrons, you know, the by product of hydrogen fusion..

[heartastack]

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.

You make a great point, "Yep you are right this can be done better....", but we are lead to believe

PoSA is entirely trustless and solves the Byzantine Generals problem.

From people who cant design a proper flow chart?

Can you pull a week without sleep, care for a family, develop unique systems in crypto.... and produce a perfect chart just to silence idiots like you who simply waste the air we breathe? I say the effort was bloody good and can be touched up later

[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?

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.

So essentially all the TRUST in this system is with the block escrow??? what happens if the escrow is tampered or a bad actor??

I still dont understand when you use words like "It's ANON because PoSA Node #2 uses different 'cloak'"

[Coinster2014]

If you own the #1 rich list address, how do you send coins anon?

[djslick]

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.

boy some people have some nerve. i mean have you heard this Stephen Hawking guy blabbering on? WHOA THERE BUDDY, learn to speak like a person and not a robot, AM I RIGHT PEOPLE? *TAP TAP* IS THIS THING ON?

[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?

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.

You make a great point, "Yep you are right this can be done better....", but we are lead to believe

PoSA is entirely trustless and solves the Byzantine Generals problem.

From people who cant design a proper flow chart?

When we have a polished and finished product. You can just go on your merry way.

[tubesteak]

GUYS stop discussing trolls, we have new announcements, discuss that.....

+1mil

[bangomatic]

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

 

[nsimmons]

GUYS stop discussing trolls, we have new announcements, discuss that.....

+1mil

[smokim87]

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.

You make a great point, "Yep you are right this can be done better....", but we are lead to believe

PoSA is entirely trustless and solves the Byzantine Generals problem.

From people who cant design a proper flow chart?

Sorry I really thought you were serious about discussing cloak. You look at the chart and have no idea whats going on, have you tried analyzing it at least? Ask questions to things you didn't understand? No you didn't, your one of the guys I like to call a smart troll. Trolling without the use of scam, shit...etc

Don't worry that diagram is being redrawn in a coloring book with crayons for you to understand.

[HoldTheLine]

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.

FUD[/b]

Are you seriously going to say all this after you have just been posting in the DRK forum trying to pump the price past 0.01? Christ man!

[eatenbyagrue]

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.

Right, if Alice gets her coins from say, Charlie, and the coins have C's on them, this hides the fact that these originated from Bob.  But how do you prevent people from following the chain and figuring out who sent coins to Charlie just before he sent some coins to Alice, and finding Bob this way?

[djslick]

JESUS 13 BTC to get back to 270k...

we're still in mid flight guys, might be a bumpy ride but it's not going to take much to reach the next all-time high, we've been cracking them steadily for the past 3 weeks... no sight of slowing down!

and am i the only one who actually understood the flow chart? i don't really know much about the inner workings of crypto, but this is the first time i think i've actually understood what's going on with Cloak PoSA, and that's cool!