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Coolstoryteller
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August 02, 2014, 11:41:51 PM |
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HEAD TO IRC...X11joe elevating knowledge
have him post it here. I don't think he has the time to multitask like that. He's giving a detailed explanation on PoSA with Q/As. |
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nsimmons
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August 02, 2014, 11:57:39 PM |
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This is not a troll, but some data for the irrational exuberance in here. A prudent investor would wait for a full reversal signal, like bitcoin, like darkcoin. Look at these charts and tell me why its different this time. Remember, even bitcoin is not "a new paradigm", yet. And before you tell me this is just the first sell off, are you willing to handle a 50% loss, hoping for the next run up, months from now?  Does not compute. While the grphs look similar, they tell a different story if you were to use exponentials. Basically comparing a huge 10x increase in drk and btc to cloak's much smaller run-up is not prudent. Looking back, both btc and drk ran up so much they were essentially huge bubbles. In my estimation, cloak has no where near the bubble formation that drk or btc has had that led to both suffering through a significant sell-off. Logarithmic shows the same thing, cloak 250% increase from steady state to peak, Drk, 280%, estimated from when I noticed the take off at 0.009 to peak. The bitcoin bubble is a larger gain, granted, but I purposely used linear charts, as most people don't understand exponential growth, this is evidenced by the constant posting of the bubble chart which I cited. Cloak is following in a logarithmic upward channel, but since it's life span is small and there are less repeatable points for a trend line, I would place less confidence in it that than say bitcoins similar upward channel. These small markets are controlled by traders, and most don't care if something looks promising, they want bitcoin. |
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Bobsurplus
Legendary
 Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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August 03, 2014, 12:01:38 AM |
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x11joe
Newbie
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Activity: 36
Merit: 0
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August 03, 2014, 12:09:23 AM |
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Just want to note that was not supposed to be posted here, as its a 'highly simplified' unofficial explanation of how the system works for people just getting in. The white-paper will better explain it once final draft of that is ready with all the technical details. |
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HoldTheLine
Member
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Activity: 112
Merit: 10
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August 03, 2014, 12:12:40 AM |
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But you do not want to be convinced. Your post history suggests you are trying to bring DRK up while trying to put CLK down. I still don't understand what you are doing here? Why are you wasting life in a forum thread of a coin you have done nothing but put down? Life is too short man =\ |
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nsimmons
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August 03, 2014, 12:12:57 AM |
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Just want to note that was not supposed to be posted here, as its a 'highly simplified' unofficial explanation of how the system works for people just getting in. The white-paper will better explain it once final draft of that is ready. This sounds a lot like the darksend+ currently being implemented on test net. Making pools of shuffled coins, at random time intervals. |
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nsimmons
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August 03, 2014, 12:14:24 AM |
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But you do not want to be convinced. Your post history suggests you are trying to bring DRK up while trying to put CLK down. I still don't understand what you are doing here? Why are you wasting life in a forum thread of a coin you have done nothing but put down? Life is too short man =\ The same reason you're here, to make money and hopefully not lose any. Being critical and skeptical is "not putting things down". I surely hope you don't actually believe that. |
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smokim87
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August 03, 2014, 12:18:57 AM |
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Just want to note that was not supposed to be posted here, as its a 'highly simplified' unofficial explanation of how the system works for people just getting in. The white-paper will better explain it once final draft of that is ready. This sounds a lot like the darksend+ currently being implemented on test net. Making pools of shuffled coins, at random time intervals. Shuffling/random time intervals are optional features. |
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HoldTheLine
Member
Offline
Activity: 112
Merit: 10
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August 03, 2014, 12:23:23 AM |
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But you do not want to be convinced. Your post history suggests you are trying to bring DRK up while trying to put CLK down. I still don't understand what you are doing here? Why are you wasting life in a forum thread of a coin you have done nothing but put down? Life is too short man =\ The same reason you're here, to make money and hopefully not lose any. Being critical and skeptical is "not putting things down". I surely hope you don't actually believe that. Are you saying you are able to persuaded by evidence and upon receiving that evidence you will cease your attacks on Cloak? |
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nsimmons
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August 03, 2014, 12:24:11 AM |
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Just want to note that was not supposed to be posted here, as its a 'highly simplified' unofficial explanation of how the system works for people just getting in. The white-paper will better explain it once final draft of that is ready. This sounds a lot like the darksend+ currently being implemented on test net. Making pools of shuffled coins, at random time intervals. Shuffling/random time intervals are optional features. Yes I understood that. I only quickly read the chat log but... "Does Bob need to “cloak” his money in advance? Yes, Bob will need to start this process before he can truly send money anonymously, so he will need to decide beforehand how much of his money he wants to be “cloaked.” To make things even better for Bob, the PoSA system has some settings allowing Bob to decide to what degree his money is “cloaked.” Bob can decide on the total amount of “cloaked” coins he wishes to generate, the time delay between the “cloaking” of the coins (even random times if Bob wishes), the rate of coins that will be “cloaked” each time (ex.: 10 at a time), and even a special optional setting that “shuffles” the “cloaked” coins around to the other PoSA wallets Bob possesses." This cloaking process is very similar to the function of the auto denomination function of the masternodes in darksend being tested currently. The difference being the shuffling is done locally, vs via a chain of nodes. Unless I misunderstand it. |
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nsimmons
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August 03, 2014, 12:26:42 AM |
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But you do not want to be convinced. Your post history suggests you are trying to bring DRK up while trying to put CLK down. I still don't understand what you are doing here? Why are you wasting life in a forum thread of a coin you have done nothing but put down? Life is too short man =\ The same reason you're here, to make money and hopefully not lose any. Being critical and skeptical is "not putting things down". I surely hope you don't actually believe that. Are you saying you are able to persuaded by evidence and upon receiving that evidence you will cease your attacks on Cloak? When the market is persuaded I will buy in as well. I have already stated that. Please don't conflate these words. skep·ti·cal ˈskeptikəl/ adjective adjective: sceptical; adjective: skeptical 1. not easily convinced; having doubts or reservations. at·tack əˈtak/ verb verb: attack; 3rd person present: attacks; past tense: attacked; past participle: attacked; gerund or present participle: attacking 1. take aggressive action against (a place or enemy forces) with weapons or armed force, typically in a battle or war. |
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Shunak
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August 03, 2014, 12:28:42 AM |
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some screenshot please  |
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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August 03, 2014, 12:34:27 AM |
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Just want to note that was not supposed to be posted here, as its a 'highly simplified' unofficial explanation of how the system works for people just getting in. The white-paper will better explain it once final draft of that is ready with all the technical details. Yeah.. I said it was a rough draft.. just wanted to share because I though it was cool. The WP is coming soon.. relax. |
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smokim87
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August 03, 2014, 12:44:05 AM |
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Just want to note that was not supposed to be posted here, as its a 'highly simplified' unofficial explanation of how the system works for people just getting in. The white-paper will better explain it once final draft of that is ready. This sounds a lot like the darksend+ currently being implemented on test net. Making pools of shuffled coins, at random time intervals. Shuffling/random time intervals are optional features. Yes I understood that. I only quickly read the chat log but... "Does Bob need to “cloak” his money in advance? Yes, Bob will need to start this process before he can truly send money anonymously, so he will need to decide beforehand how much of his money he wants to be “cloaked.” To make things even better for Bob, the PoSA system has some settings allowing Bob to decide to what degree his money is “cloaked.” Bob can decide on the total amount of “cloaked” coins he wishes to generate, the time delay between the “cloaking” of the coins (even random times if Bob wishes), the rate of coins that will be “cloaked” each time (ex.: 10 at a time), and even a special optional setting that “shuffles” the “cloaked” coins around to the other PoSA wallets Bob possesses." This cloaking process is very similar to the function of the auto denomination function of the masternodes in darksend being tested currently. The difference being the shuffling is done locally, vs via a chain of nodes. Unless I misunderstand it. Sorry wish I could answer that but haven't followed Dark's anonymous system. I also know very little in how this all works, so giving you a proper answer is difficult. You'll get a better reply from someone that knows how both systems work, I'd recommend joining the IRC and asking the developers or Private message them with your questions. Try checking in a few hours, joe was answering questions in the IRC after posting the rough draft. He'll be back in a few hours I suppose so might want to check that out. You'll get a much more detailed response |
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smokim87
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August 03, 2014, 02:17:14 AM |
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newbie account, hmm i wonder who he really is... Ignore the ignorant.  |
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bobby1776
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August 03, 2014, 02:40:04 AM |
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lol. wow, there is a lot of desperation in this thread.. lots who want to buy your cloak at below market price.
look at all the buy orders on MP for instance, look at all the 1,3,9,4,3,5 btc buys bellow 215
Think about what will happen when the price starts to rise again. did you see that 10btc sell order that disappeared earlier today? looks like his "target" was 221k where about 6 btc were dumped before it was removed.
don't be a victim.
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HoldTheLine
Member
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Activity: 112
Merit: 10
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August 03, 2014, 02:42:32 AM |
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newbie account, hmm i wonder who he really is... Ignore the ignorant. You are the real ignorant, our analysis based on fact and fighers : 1/ anon is a copy paste from dark and others , nothing new. 2/ a part from nice looking wallet nothing new. 3/ 24 h Trading volume is going down dramatically. End of the party "fighers" enough said. |
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mikerutch
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August 03, 2014, 03:14:02 AM |
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cloak looking like its on the verge ready to explode upwards again soon. Get ready for another ALL TIME HIGH!!!
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heartastack
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August 03, 2014, 04:11:00 AM |
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Clearly the fud is only working on the very weakest of hands, and a few strategy traders attempting to push price down a bit for cheap coins.
Lt holders with large positions have solid trust in the team and want to put cloak theory into action. Other speculators who sell now will be doing so at a loss so hopefull these guys will become the new strong hands.
This will be the hardest month for cloak as the complexity of what is being done is now exponentially greater than getting to this point, the point of community trust and infrastructure but also the point where 99% of Altcoins fail.
I'll continue buying with every pay check
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