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

[mikerutch]

cloak looking like its on the verge ready to explode upwards again soon. Get ready for another ALL TIME HIGH!!!

[heartastack]

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

[YackBallz]

CloakPAL is an excellent feature for the future of Cloak and it has an interesting use right now.

There have been times when I've explained CloakCoin to people and they said 'I'll look into it'.
Now with CloakPAL I can give them one CloakCoin without these people even having a wallet downloaded.

[zing96]

CloakPAL is an excellent feature for the future of Cloak and it has an interesting use right now.

There have been times when I've explained CloakCoin to people and they said 'I'll look into it'.
Now with CloakPAL I can give them one CloakCoin without these people even having a wallet downloaded.

+1

[Mountaineeer]

How awesome would it be if CloakPal would stake for you (for a fee ofc)....

I would never recommend put a large chunk on any mobile/3rd party hosted site but to earn 6% on your pocket money at all times...hell yes!

[smokim87]

How awesome would it be if CloakPal would stake for you (for a fee ofc)....

I would never recommend put a large chunk on any mobile/3rd party hosted site but to earn 6% on your pocket money at all times...hell yes!

Access to your wallet running on your computer at home from your mobile. Isn't that what cloakpal is? What does 3rd party hosted sites have to do with cloakpal?

[YackBallz]

How awesome would it be if CloakPal would stake for you (for a fee ofc)....

I would never recommend put a large chunk on any mobile/3rd party hosted site but to earn 6% on your pocket money at all times...hell yes!

Access to your wallet running on your computer at home from your mobile. Isn't that what cloakpal is? What does 3rd party hosted sites have to do with cloakpal?

It's a little different than that - it's a separate wallet that runs independently from your computer wallet. When you register your number it gives you a new cloakcoin address to send money to.

[cointrader83]

How awesome would it be if CloakPal would stake for you (for a fee ofc)....

I would never recommend put a large chunk on any mobile/3rd party hosted site but to earn 6% on your pocket money at all times...hell yes!

Can anybody explain me, what is CloakPal?

[papagravel]

We need a better forum moderator. Too many negative posts or fud allowed to be posted. If you post anything negative on drk or xc forums , it is deleted within seconds. We have allowed the fudpackers to take over.

[nsimmons]

PoSA Rough Draft Cloak 2.1

http://pastebin.com/ArJNmHEq

Show me math and code.

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.

Misunderstanding by choice. It doesn't benefit your motives to understand it. Masternodes are obsolete.

Please explain the system in detail to me, since you have inside information on the development process.

[youngmike]

nsimmons, please explain to me why you are trying to fud price down when it's already cheap? you can buy from the orderbook.

[papagravel]

Coinjoin is cracked by soduku. So any coin using coin join for their anon is pretty much obsolete at this point. POSA does not use coinjoin. It is a completely new protocol.

[nsimmons]

PoSA Rough Draft Cloak 2.1

http://pastebin.com/ArJNmHEq

Show me math and code.

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 

FYI
The masternodes produce a chain of shuffled transactions that loop around eventually back to the senders wallet. At each node they are mixed with other users funds, forwarded to the next node, repeats, then eventually back to the sender. This process is automated so the sender doesn't need to mix their coins, they are done before hand. A known concern of the nodes is a ddos attack, or having control of a large number could allow a person to track the coins, if all 8 nodes used to mix were controlled by the same person. Node count is over 800 last time i checked.

This chat log, shows that this mixing process happens all locally between local addresses. My immediate thought was that link between ip and transactions might be established.

[nsimmons]

Coinjoin is cracked by soduku. So any coin using coin join for their anon is pretty much obsolete at this point. POSA does not use coinjoin. It is a completely new protocol.

No coin I am discussing uses coinjoin, so I don't know why you mentioned it.

[nsimmons]

nsimmons, please explain to me why you are trying to fud price down when it's already cheap? you can buy from the orderbook.

You are welcome to read my previous posts for your answer. I am not interested in buying anything that hasn't been thoroughly vetted. Trying to time speculative, illiquid markets is too stressful. If the fundamentals are sound, then I can outlast a down trend, just ask my gold. I did get out of silver a week before the 2011 crash, but that was just luck. But if the fundamentals are not strong, my investment quite readily can go to zero. Bitcoin is volatile enough.

Hype is hype. I watched the dotcom bubble, I watched AOL buy Time Warner and thought who the fuck uses AOL. I'm not looking to make 700% by next week.

fucking AOL, i had to phone long distance to use that shit in 96, because our town didn't have an isp. You know how long it took me to download nt 4.0 on a 14.4 modem.

[iarsenaux]

Someone is promoting their coin so they could sell their shit and get out of it.

[pdsrdm]

PoSA Rough Draft Cloak 2.1

http://pastebin.com/ArJNmHEq

What if Richard is a spy? He would have the IP adress of the sender and the Cloak adress of the receiver right? That way, if the receiver adress is known to be from a drugs dealer, Richard has the IP adress of the sender who is now exposed of illegally buying drugs.

Edit - I just don't understand the last part; what good is all this cloaking if bobs IP is (apparently) still connected to the PoSA wallets?

[nsimmons]

PoSA Rough Draft Cloak 2.1

http://pastebin.com/ArJNmHEq

Edit - I just don't understand the last part; what good is all this cloaking if bobs IP is (apparently) still connected to the PoSA wallets?

That was my question as well, it talks about protecting bob in case richard is a thief, but what if richard is just a spy.  This is a known issue for drk coin, which is why there are 8 middle men, ensuring that the probability of all 8 being controlled by the same entity is low. What if 1/3rd of the cloak network is sitting at the nsa?

So bob shuffles his coins locally removing their origin, but then he sends to richard to send to alice for drugs, and richard narcs on him.

[nsimmons]

FYI
The masternodes produce a chain of shuffled transactions that loop around eventually back to the senders wallet. At each node they are mixed with other users funds, forwarded to the next node, repeats, then eventually back to the sender. This process is automated so the sender doesn't need to mix their coins, they are done before hand. A known concern of the nodes is a ddos attack, or having control of a large number could allow a person to track the coins, if all 8 nodes used to mix were controlled by the same person. Node count is over 800 last time i checked.

This chat log, shows that this mixing process happens all locally between local addresses. My immediate thought was that link between ip and transactions might be established.

That's a bunch of bullshit. If the masternodes are known IP how can they withstand a man in the middle attack? It sounds like a shitty way to send insignificant information - let alone money.

I was explaining the system to smokin since he wasn't familiar with it, I was not defending it or promoting it. Hence FYI

Context it means everything. Learn it.

[nsimmons]

FYI
The masternodes produce a chain of shuffled transactions that loop around eventually back to the senders wallet. At each node they are mixed with other users funds, forwarded to the next node, repeats, then eventually back to the sender. This process is automated so the sender doesn't need to mix their coins, they are done before hand. A known concern of the nodes is a ddos attack, or having control of a large number could allow a person to track the coins, if all 8 nodes used to mix were controlled by the same person. Node count is over 800 last time i checked.

This chat log, shows that this mixing process happens all locally between local addresses. My immediate thought was that link between ip and transactions might be established.

That's a bunch of bullshit. If the masternodes are known IP how can they withstand a man in the middle attack? It sounds like a shitty way to send insignificant information - let alone money.

I was explaining the system to smokin since he wasn't familiar with it, I was not defending it or promoting it. FYI

Context it means everything. Learn it.

The context is, you're so delusional and convoluted by supporting a lie called DarkCoin that you can't see that you're in another thread fighting someone who has innovated beyond it. DarkKoolAid must be delicious or pay well.

Clearly you don't have any desire to compare competing technologies and are just trying to defend your 50 dollar investment. When you finish high school and are a big boy let me know. Why are you not off pumping Coino?