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

[tokyoghetto]

Also, Just because you have a wallet with a ton of coins, doesn't mean you'll only get the big transactions. You can still stake a large quantity on a small transaction. Isn't that the point of weight?

you are correct. But the higher the value of the transaction, the less nodes that can accommodate the PoSA tx. if you want to send 10 CLOAK PoSA, I am sure there will thousands of wallets that can handle that trade. but if you want to send 1k CLOAK, there will be considerably less wallets, which means the 1k wallets will see that action more often and get nice fees from it.

But unlike DRK, everyone can play, as long as you have CLOAK in your wallet and opt-in to be a PoSA node.

If this theory is correct, anyone with a sizeable trade will run the risk of NOT being anonymous. So if i were a bag holder, or a darkweb guy and wanted to hide hundreds of thousands of dollars from the network, i would have to do hundreds of smaller transactions to guarantee anonymity.

I would expect that the devs have taken into consideration the larger transactions and not limiting who can and cannot accomodate those.

or the price of CLOAK goes up and you don't need that many CLOAK to conduct PoSA tx. If my PoSA holds 10k CLOAK and its worth 1 million USD, then I am sure that node can handle 99% of all PoSA tx.

I agree. You'll be able to handle MOST. But, if this is the way the POSA works, it wouldn't be 100% anon.  So, i'd have to lean on the side of caution and say this isn't completely accurate. I think the thought process you provided is great, i just think there's more to it. Will have to wait and see what the devs say.

so what exactly doesn't make it 100% anon?

[Tyreal]

If your 10k can secure a transaction for 99% of the people, that 1% who transfered 100k coins... how are they going to be anonymized?

Someone will have more coins than anyone else. If they were to transfer a greater number of coins than the highest staked amount, how will they be anonymized?

[tokyoghetto]

If your 10k can secure a transaction for 99% of the people, that 1% who transfered 100k coins... how are they going to be anonymized?

Someone will have more coins than anyone else. If they were to transfer a greater number of coins than the highest staked amount, how will they be anonymized?

then they have to break it down to smaller denominations. nothing wrong with that. an  Armoured Bank Truck can only move so much money to the bank, you simply just get more Armoured Bank Trucks if you need to move more money.

[Tyreal]

If your 10k can secure a transaction for 99% of the people, that 1% who transfered 100k coins... how are they going to be anonymized?

Someone will have more coins than anyone else. If they were to transfer a greater number of coins than the highest staked amount, how will they be anonymized?

then they have to break it down to smaller denominations. nothing wrong with that. an  Armoured Bank Truck can only move so much money to the bank, you simply just get more Armoured Bank Trucks if you need to move more money.

I agree, that's one way to circumvent the FLAW in it... but it's still a flaw. That's what i'm getting at.

[bangomatic]

If your 10k can secure a transaction for 99% of the people, that 1% who transfered 100k coins... how are they going to be anonymized?

Someone will have more coins than anyone else. If they were to transfer a greater number of coins than the highest staked amount, how will they be anonymized?

It's spread out over many random nodes right not just a single node that has enough coins to accommodate. at least thats my understanding of it.

[jorrr]

CLOAK still tits!

[TheDagger]

PoSA tx when final public version is released, has some advanced features to allow those "extra paranoid users" a way to raise and lower certain key parameters.

For example.

Bob wants to send 1000 Cloak to Alice but is concerned that despite the fact it cannot be traced directly from A to B it can still be "speculatively" followed with blockchain analysis because it is a large amount.

Bob can choose how many nodes he wishes to split his 1000 cloak, could be 10 could be 15, PoSA does a check to see if the balance is available in these nodes before the tx is permitted and can randomly split accordingly. He can also, if desired, select the amount of blocks he wishes to split the tx out. The higher the values he inputs the more spread out the tx becomes.

For everyday smaller amount this type of advance selecting would not be necessary.

However, for a VERY LARGE tx of say 100K Cloak. An ideal scenario would be to input even higher inputs to the parameters allowing it to take a longer time and being split over many more nodes and blocks.

[tokyoghetto]

PoSA tx when final public version is released, has some advanced features to allow users to raise and lower certain key parameters.

For example.

Bob wants to send 1000 Cloak to Alice but is concerned that despite the fact it cannot be traced directly from A to B it can still be "speculatively" followed with blockchain analysis because it is a large amount.

Bob can choose how many nodes he wishes to split his 1000 cloak, could be 10 could be 15, PoSA does a check to see if the balance is available in these nodes before the tx is permitted and can randomly split accordingly. He can also, if desired, select the amount of blocks he wishes to split the tx out. The higher the values he inputs the more spread out the tx becomes.

For everyday smaller amount this type of advance selecting would not be necessary.

However, for a VERY LARGE tx of say 100K Cloak. An ideal scenario would be to input even higher inputs to the parameters allowing it to take a longer time and being split over many more nodes and blocks.

wow. I stand corrected. I guess that negates the so called "flaw" we are discussing. If you want to move big amounts of CLOAK over PoSA, you just need to use more PoSA nodes to get the tx done.

[cryptoatc]

PoSA tx when final public version is released, has some advanced features to allow those "extra paranoid users" a way to raise and lower certain key parameters.

For example.

Bob wants to send 1000 Cloak to Alice but is concerned that despite the fact it cannot be traced directly from A to B it can still be "speculatively" followed with blockchain analysis because it is a large amount.

Bob can choose how many nodes he wishes to split his 1000 cloak, could be 10 could be 15, PoSA does a check to see if the balance is available in these nodes before the tx is permitted and can randomly split accordingly. He can also, if desired, select the amount of blocks he wishes to split the tx out. The higher the values he inputs the more spread out the tx becomes.

For everyday smaller amount this type of advance selecting would not be necessary.

However, for a VERY LARGE tx of say 100K Cloak. An ideal scenario would be to input even higher inputs to the parameters allowing it to take a longer time and being split over many more nodes and blocks.

Sweet...

Congrats

[Tyreal]

PoSA tx when final public version is released, has some advanced features to allow those "extra paranoid users" a way to raise and lower certain key parameters.

For example.

Bob wants to send 1000 Cloak to Alice but is concerned that despite the fact it cannot be traced directly from A to B it can still be "speculatively" followed with blockchain analysis because it is a large amount.

Bob can choose how many nodes he wishes to split his 1000 cloak, could be 10 could be 15, PoSA does a check to see if the balance is available in these nodes before the tx is permitted and can randomly split accordingly. He can also, if desired, select the amount of blocks he wishes to split the tx out. The higher the values he inputs the more spread out the tx becomes.

For everyday smaller amount this type of advance selecting would not be necessary.

However, for a VERY LARGE tx of say 100K Cloak. An ideal scenario would be to input even higher inputs to the parameters allowing it to take a longer time and being split over many more nodes and blocks.

Thanks for clearing that up. Sounds like a viable option/countermeasure to me.

[cryptoatc]

PoSA tx when final public version is released, has some advanced features to allow those "extra paranoid users" a way to raise and lower certain key parameters.

For example.

Bob wants to send 1000 Cloak to Alice but is concerned that despite the fact it cannot be traced directly from A to B it can still be "speculatively" followed with blockchain analysis because it is a large amount.

Bob can choose how many nodes he wishes to split his 1000 cloak, could be 10 could be 15, PoSA does a check to see if the balance is available in these nodes before the tx is permitted and can randomly split accordingly. He can also, if desired, select the amount of blocks he wishes to split the tx out. The higher the values he inputs the more spread out the tx becomes.

For everyday smaller amount this type of advance selecting would not be necessary.

However, for a VERY LARGE tx of say 100K Cloak. An ideal scenario would be to input even higher inputs to the parameters allowing it to take a longer time and being split over many more nodes and blocks.

Thanks for clearing that up. Sounds like a viable option/countermeasure to me.

Viable???

it is great.

[Tyreal]

Viable???

it is great.

vi·a·ble


/ˈvīəbəl/


adjective

adjective: viable





capable of working successfully; feasible.

[yogibaer]

TheDagger & Cloak Dev Team

You do an awesome job here!!!

[bangomatic]

Viable???

it is great.

vi·a·ble


/ˈvīəbəl/


adjective

adjective: viable





capable of working successfully; feasible.

I think he meant not only is it capable, it's fucking TITS!!! 

[Coolstoryteller]

Is anyone even voting at https://hitbtc.com/vote  cloak has fallen way behind. To be honest, their voting system is a joke.

I haven't been. If they don't add CLOAK, it's whatever. Would be nice to have the USD exchange, but it's not necessary.

Yeah I'm over hitbtc.com. The fact that two no-name coins that with a combined volume of .2BTC are even remotely being considered over Cloak says a lot about their exchange. www.lazycoins.com will have fiat soon I'd rather use them for future trades.

[cryptoatc]

Viable???

it is great.

vi·a·ble


/ˈvīəbəl/


adjective

adjective: viable





capable of working successfully; feasible.

Great:
remarkable in magnitude, degree, or effectiveness

[bobby1776]

Is anyone even voting at https://hitbtc.com/vote  cloak has fallen way behind. To be honest, their voting system is a joke.

hitbit = dead to me

[mimini0147]

Is anyone even voting at https://hitbtc.com/vote  cloak has fallen way behind. To be honest, their voting system is a joke.

hitbit = dead to me

lol, why Latium just came out from no where...
28K vote, it's suspicious

[yogibaer]

imo good exchanges should add good coins without voting, votes can always be faked ...

[illodin]

Jesus.. the crypto community. Ignorance is bless. Everybody is so fucking insecure and AFRAID, afraid of loosing money, hyping shit that they really do not have a clue about. Its the same everywhere. You sound like some 8 year olds playing with your words and expressions. And when someone is threatening your investments, then you scream fake, troll or some other childish word. But you have no clue about the tech behind it, oh no. Bitcointalk have become filthy as fuck, i notice the difference the half year i have been here.

Yes, envy and greed, two of the deadly sins. It will severely hold back the advancement to the mainstream for all cryptos. It's human nature to either be a delusional fool, or think everyone else is a delusional fool (which I suppose is the same thing lol).