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Author Topic: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA  (Read 1266177 times)
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superplus
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August 06, 2014, 11:38:44 AM
 #12481

Wow, the concept of OneMarket is genius! It really made my day Cool


LOLWUT
Let's see. For example, BOB hates ALICE. And ALICE is selling some shit with cloaknet from the picture.
So BOB decides to trick ALICE. He offers some shit using scheme, and ALICE delivers. BOB sent to risk-amount two prices, and ALICE sent to risk-amount one price. Now BOB has got his shit, and he refuses to pay in cloaks. So he lost 2x price, and alice lost 1x price + shit, so alice lost 2 prices too. But BOB now has his shit, so it's like he payed twice price for his shit and got his shit. And ALICE got no shit and lost money too.
As you see, BOB has losses of 1xprice value, and ALICE has losses of 2xprice value + delivery costs.
Yea, that's SO AWESOME.

thought the same ^^
smokim87
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August 06, 2014, 11:41:54 AM
 #12482

Wow, the concept of OneMarket is genius! It really made my day Cool


LOLWUT
Let's see. For example, BOB hates ALICE. And ALICE is selling some shit with cloaknet from the picture.
So BOB decides to trick ALICE. He offers some shit using scheme, and ALICE delivers. BOB sent to risk-amount two prices, and ALICE sent to risk-amount one price. Now BOB has got his shit, and he refuses to pay in cloaks. So he lost 2x price, and alice lost 1x price + shit, so alice lost 2 prices too. But BOB now has his shit, so it's like he payed twice price for his shit and got his shit. And ALICE got no shit and lost money too.
As you see, BOB has losses of 1xprice value, and ALICE has losses of 2xprice value + delivery costs.
Yea, that's SO AWESOME.

thought the same ^^

seller should risk more to even it out between the buyer and seller. So the seller has just as much too loose if he scams the buyer.

Or a reputation system is put in place and the amount of cloaks are limited for new sellers so for example a new seller with 0 rep can only do 20-100 cloak deals after a certain number of successful deals lets say 50 his rep is higher and limits go up so he can now deal with 250-500 cloak deals and so forth. If he messes up a deal or scams his rep drops and his limits decrease or he gets a 24-48 break from selling.
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August 06, 2014, 11:55:55 AM
 #12483

this chart is wrong and it not released by official dev.

So i think its FUD lets wait for official release.




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     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌    
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,  
   ▐███ ▐███ .███           ███  ███▌ ███▌  
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   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`  
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████    
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
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            ▀▀█████████████████▀▀           
                '▀▀▀▀▀▀▀▀▀▀▀'

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pdsrdm
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August 06, 2014, 11:56:34 AM
 #12484

Wow, the concept of OneMarket is genius! It really made my day Cool

http://i.gyazo.com/056930585feae14f85aa1ac7e0f0956d.gif
LOLWUT
Let's see. For example, BOB hates ALICE. And ALICE is selling some shit with cloaknet from the picture.
So BOB decides to trick ALICE. He offers some shit using scheme, and ALICE delivers. BOB sent to risk-amount two prices, and ALICE sent to risk-amount one price. Now BOB has got his shit, and he refuses to pay in cloaks. So he lost 2x price, and alice lost 1x price + shit, so alice lost 2 prices too. But BOB now has his shit, so it's like he payed twice price for his shit and got his shit. And ALICE got no shit and lost money too.
As you see, BOB has losses of 1xprice value, and ALICE has losses of 2xprice value + delivery costs.
Yea, that's SO AWESOME.

thought the same ^^

seller should risk more to even it out between the buyer and seller. So the seller has just as much too loose if he scams the buyer.

Or a reputation system is put in place and the amount of cloaks are limited for new sellers so for example a new seller with 0 rep can only do 20-100 cloak deals after a certain number of successful deals lets say 50 his rep is higher and limits go up so he can now deal with 250-500 cloak deals and so forth. If he messes up a deal or scams his rep drops and his limits decrease or he gets a 24-48 break from selling.

Sorry, can you give me one good example of how someone can scam someone else using onemarket, taking into consideration that nobody likes to deliberately lose money?
illodin
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August 06, 2014, 12:03:39 PM
 #12485

Sorry, can you give me one good example of how someone can scam someone else using onemarket, taking into consideration that nobody likes to deliberately lose money?

Extortion. Scammer will pretend to the other party that he can afford losing the escrow and don't mind it, but if the other party sends him some amount of coins (less than the escrow amount obv) he will let the contract go through.
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August 06, 2014, 12:14:58 PM
 #12486

Sorry, can you give me one good example of how someone can scam someone else using onemarket, taking into consideration that nobody likes to deliberately lose money?

Extortion. Scammer will pretend to the other party that he can afford losing the escrow and don't mind it, but if the other party sends him some amount of coins (less than the escrow amount obv) he will let the contract go through.

And then the person being scammed will send him even more money, even though he knows that the other person is anonymous and can keep playing this game forever?

Not gonna happen, makes no sense at all. As long as you're not stupid you would never fall for this. It's like saying email is unsafe because some people get tricked by Nigerian scammers.
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August 06, 2014, 12:16:20 PM
 #12487

cryptocoin news article on Cloak: http://www.cryptocoinsnews.com/news/cloakcoin-coin-built-exchange/2014/08/06
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August 06, 2014, 12:30:16 PM
 #12488

LOLWUT
Let's see. For example, BOB hates ALICE. And ALICE is selling some shit with cloaknet from the picture.
So BOB decides to trick ALICE. He offers some shit using scheme, and ALICE delivers. BOB sent to risk-amount two prices, and ALICE sent to risk-amount one price. Now BOB has got his shit, and he refuses to pay in cloaks. So he lost 2x price, and alice lost 1x price + shit, so alice lost 2 prices too. But BOB now has his shit, so it's like he payed twice price for his shit and got his shit. And ALICE got no shit and lost money too.
As you see, BOB has losses of 1xprice value, and ALICE has losses of 2xprice value + delivery costs.
Yea, that's SO AWESOME.

While I see this a concern on a market where you can tell who are you dealing with, why would someone hate a seller called "x52FdJ148Ao" (wallet address) ?

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Minerz
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August 06, 2014, 12:37:33 PM
 #12489

Wow, the concept of OneMarket is genius! It really made my day Cool




This is exactly the same as Blackhalo that blackcoin has,or am i missing something?
youngmike
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August 06, 2014, 12:47:43 PM
 #12490

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August 06, 2014, 12:52:39 PM
 #12491

I just find it funny that whoever did those onemarket flowcharts had no idea about using diamond shaped boxes for decisions.
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August 06, 2014, 01:00:31 PM
 #12492

I did want it fast.. I;m trying to book a trip online and I want to do this asap. I may need to let them go on the market though as I don't want to have to drive to the office just to book a trip.

Anyone wanna buy between 10-30K cloak from me?

You can try coingateway.net
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August 06, 2014, 01:08:52 PM
 #12493

I did want it fast.. I;m trying to book a trip online and I want to do this asap. I may need to let them go on the market though as I don't want to have to drive to the office just to book a trip.

Anyone wanna buy between 10-30K cloak from me?

You can try coingateway.net

If cloak is about to go up, why would you sell now and lose all that money, just to save a trip to the office?
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August 06, 2014, 01:09:50 PM
 #12494

Message from hitbtc

bangomatic,

We had plans to stop the voting for the new coin on August 1st, but we didn't publish an official date on our main Bitcointalk thread.
Our team is planning to add to our trading platform new features this week (and we have already added one of them), that is why need more time to do all the necessary tests - to make sure the new added coin would be integrated well. We have announced a date when the new coin will be picked - August 11 - and soon we will announce a time when exactly a new coin will be picked.
Please accept our apologies for any inconvenience this misunderstanding might have caused.
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August 06, 2014, 01:26:38 PM
 #12495

Cloak might have seen its ath at 0.0036 I think....

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August 06, 2014, 01:33:17 PM
 #12496

Cloak might have seen its ath at 0.0036 I think....



You got the lotto numbers?
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August 06, 2014, 01:35:13 PM
 #12497

I did want it fast.. I;m trying to book a trip online and I want to do this asap. I may need to let them go on the market though as I don't want to have to drive to the office just to book a trip.

Anyone wanna buy between 10-30K cloak from me?

Bob's PoS mining comes out to about 10-30k cloak per day, so it's not really a dump for him, more like just daily wages.
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August 06, 2014, 01:36:30 PM
 #12498

Cloak might have seen its ath at 0.0036 I think....



You got the lotto numbers?

I don't want to be illusional, but DRK levels are far far away and I guess cloak won't be able to repeat it.
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August 06, 2014, 01:40:27 PM
 #12499

look we are 1. on Mintpal 24h Volume... Love Cloak
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August 06, 2014, 01:41:19 PM
 #12500

Cloak might have seen its ath at 0.0036 I think....



You got the lotto numbers?

I don't want to be illusional, but DRK levels are far far away and I guess cloak won't be able to repeat it.

Well DRK need about 400% grow to come back to its peak lvl, and cloak only 50%  Wink
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