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

[Kuriso]

Whales buy cheap. Wait for good news. They pump and add support to keep the price looking like it'll stay up. New buyers come in and whales start dumping on them. New buyers add support to catch cheap coins. Whales continue to dump. Eventually whales got out what they put in + some more. Bagholders end up dumping on each other till they run out of bitcoins. Whales never return. Rinse and repeat on another coin.

Yes but at some point you have to break that cycle.  you do not need whales for a coin to survive.  you need a large user base.  you need usability.  if everyone dumps and gives up the coin dies.  You have to break the cycle.

[tokyoghetto]

I have a proposal that might help CLOAK get off the ground.

what I think CLOAK needs is more exposure. Its hard to do that when the only people aware of CLOAK are people involved in the altcoin space. What if we had the CLOAK client skim a percentage of fees from every tx and send that over to a CLOAK foundation. The CLOAK foundation would then converted CLOAK into FIAT. The fiat would then be used to pay for professional advertisement and marketing campaigns.

Its hard to run a marketing campaign on donations. Most people here are selfish and would rather keep their CLOAK then donate to a cause that would increase the value of their CLOAK.

Of course, we could run this for a bit of time then remove it, or keep it in place so that CLOAK can really reach a global target audience in perpetuity.

thoughts?  

Good!  What about the possibility of a small POS percentage increase.  A fraction of a percent or something that's added to an advertisement fund.  Hmm or maybe when a POS block is mined a small percent is sent to a fund address.  Kind of like EMC2 did with taking part of the blockreward and using that for science.  Maybe a donation option within a wallet so its voluntary?  Is something like that possible? 

I believe that in order for this to work, it should not be voluntary. The problem with donation based is that unless people are true CLOAKHEADS, they won't even bother with donating and hope to ride the coattails of other peoples hard work.

Its a small price to pay but the devs have shown that they can deliver. This would be beneficial to everyone involved with CLOAK.

[lab rat hoax]

I have a proposal that might help CLOAK get off the ground.

what I think CLOAK needs is more exposure. Its hard to do that when the only people aware of CLOAK are people involved in the altcoin space. What if we had the CLOAK client skim a percentage of fees from every tx and send that over to a CLOAK foundation. The CLOAK foundation would then converted CLOAK into FIAT. The fiat would then be used to pay for professional advertisement and marketing campaigns.

Its hard to run a marketing campaign on donations. Most people here are selfish and would rather keep their CLOAK then donate to a cause that would increase the value of their CLOAK.

Of course, we could run this for a bit of time then remove it, or keep it in place so that CLOAK can really reach a global target audience in perpetuity.

thoughts?  

This is a great idea. Even if it somehow comes out of the pos.  Cloak is really doing great stuff. Tokyoghetto is right. We have to get the word out

maybe i missed something, but wasn't coolstoryteller supposed to be working on publicity ?  did any of those plans ever happen ?
either way, i like this idea    cloak should be in the top 5 easy, has way too much going for it to give up now.   temporary despair phase

[zing96]

I have a proposal that might help CLOAK get off the ground.

what I think CLOAK needs is more exposure. Its hard to do that when the only people aware of CLOAK are people involved in the altcoin space. What if we had the CLOAK client skim a percentage of fees from every tx and send that over to a CLOAK foundation. The CLOAK foundation would then converted CLOAK into FIAT. The fiat would then be used to pay for professional advertisement and marketing campaigns.

Its hard to run a marketing campaign on donations. Most people here are selfish and would rather keep their CLOAK then donate to a cause that would increase the value of their CLOAK.

Of course, we could run this for a bit of time then remove it, or keep it in place so that CLOAK can really reach a global target audience in perpetuity.

thoughts?  

I vote no for a few reasons.  Intentions are good (Cloak needs more exposure), but I think there might be backlash at the skimming of transactions behavior and could be put into negative light.  Even if you are 100% transparent about the fund, where it goes, etc. it'll be twisted and turned into "the devs are stealing your money."

Second reason, is that it would always put constant sell pressure on the coin.  If there is always a sell from CLOAK -> fiat to support marketing (read: DOGE) then your coin always has sell on it.  It might not be very much in the grand scheme of things - a few btc here or there, but if you skim every transaction, that adds up and it'll have to either get converted or redistributed.

Third reason is, I'd like to see where the existing planned marketing after PoSA V2 goes.  No need to change the marketing because it hasn't even started yet.

[BTCgraphics]

Since you guys are discussing it, i'm assuming your un-aware that Cloak already has a marketing fund/team from the community. It is run off donations, so if you really want to help, donate instead of just posting about it.

http://cloaktalk.org/t/cloak-marketing-fund/92

[tokyoghetto]

I have a proposal that might help CLOAK get off the ground.

what I think CLOAK needs is more exposure. Its hard to do that when the only people aware of CLOAK are people involved in the altcoin space. What if we had the CLOAK client skim a percentage of fees from every tx and send that over to a CLOAK foundation. The CLOAK foundation would then converted CLOAK into FIAT. The fiat would then be used to pay for professional advertisement and marketing campaigns.

Its hard to run a marketing campaign on donations. Most people here are selfish and would rather keep their CLOAK then donate to a cause that would increase the value of their CLOAK.

Of course, we could run this for a bit of time then remove it, or keep it in place so that CLOAK can really reach a global target audience in perpetuity.

thoughts?  

I vote no for a few reasons.  Intentions are good (Cloak needs more exposure), but I think there might be backlash at the skimming of transactions behavior and could be put into negative light.  Even if you are 100% transparent about the fund, where it goes, etc. it'll be twisted and turned into "the devs are stealing your money."

Second reason, is that it would always put constant sell pressure on the coin.  If there is always a sell from CLOAK -> fiat to support marketing (read: DOGE) then your coin always has sell on it.  It might not be very much in the grand scheme of things - a few btc here or there, but if you skim every transaction, that adds up and it'll have to either get converted or redistributed.

Third reason is, I'd like to see where the existing planned marketing after PoSA V2 goes.  No need to change the marketing because it hasn't even started yet.

effective marketing will always ROI. If you spend $100 and generate $1000 in sales, then spending that initial $100 won't really have a lasting affect on the price. You can always put it up to a vote to see how the community feels about this.

There are people who hoard PoS coins and sell the fees for a profit. Would you rather have someone just sell CLOAK, cash out into FIAT and buy hookers and blow, or have someone do the same thing but invest the FIAT back into the CLOAK community in the form of advertising funds.

At someone point people need to start trusting eachother and work towards a common goal. the devs keep releasing great products but price keeps dropping because WE ARE NOT ATTRACTING NEW MONEY. BTCTALK is a giant circle jerk of the same characters chasing after the same BTC.

We need to break that trend and let everyone know what CLOAK is all about.

You can always gamble that a random wall street journal article or someone rich/famous names CLOAK and we go viral, but I wouldn't bet my .02 CLOAK on it.

[stealth923]

GET OUT NOW!

[tokyoghetto]

Since you guys are discussing it, i'm assuming your un-aware that Cloak already has a marketing fund/team from the community. It is run off donations, so if you really want to help, donate instead of just posting about it.

http://cloaktalk.org/t/cloak-marketing-fund/92

your assumption is wrong. I am aware of the marketing fund. Its small. Not many people donated. This is why I am trying to bring up another option.

[stealth923]

Dont say I didnt warn you

[bangomatic]

Dont say I didnt warn you

THANKS BUT NO THANKS. You dev chaotic asked us not to troll drk coin but im about ready to start up. every where i look its DRK coin trolls on this thread. go home

[zing96]

I have a proposal that might help CLOAK get off the ground.

what I think CLOAK needs is more exposure. Its hard to do that when the only people aware of CLOAK are people involved in the altcoin space. What if we had the CLOAK client skim a percentage of fees from every tx and send that over to a CLOAK foundation. The CLOAK foundation would then converted CLOAK into FIAT. The fiat would then be used to pay for professional advertisement and marketing campaigns.

Its hard to run a marketing campaign on donations. Most people here are selfish and would rather keep their CLOAK then donate to a cause that would increase the value of their CLOAK.

Of course, we could run this for a bit of time then remove it, or keep it in place so that CLOAK can really reach a global target audience in perpetuity.

thoughts?  

I vote no for a few reasons.  Intentions are good (Cloak needs more exposure), but I think there might be backlash at the skimming of transactions behavior and could be put into negative light.  Even if you are 100% transparent about the fund, where it goes, etc. it'll be twisted and turned into "the devs are stealing your money."

Second reason, is that it would always put constant sell pressure on the coin.  If there is always a sell from CLOAK -> fiat to support marketing (read: DOGE) then your coin always has sell on it.  It might not be very much in the grand scheme of things - a few btc here or there, but if you skim every transaction, that adds up and it'll have to either get converted or redistributed.

Third reason is, I'd like to see where the existing planned marketing after PoSA V2 goes.  No need to change the marketing because it hasn't even started yet.

effective marketing will always ROI. If you spend $100 and generate $1000 in sales, then spending that initial $100 won't really have a lasting affect on the price. You can always put it up to a vote to see how the community feels about this.

There are people who hoard PoS coins and sell the fees for a profit. Would you rather have someone just sell CLOAK, cash out into FIAT and buy hookers and blow, or have someone do the same thing but invest the FIAT back into the CLOAK community in the form of advertising funds.

At someone point people need to start trusting eachother and work towards a common goal. the devs keep releasing great products but price keeps dropping because WE ARE NOT ATTRACTING NEW MONEY. BTCTALK is a giant circle jerk of the same characters chasing after the same BTC.

We need to break that trend and let everyone know what CLOAK is all about.

You can always gamble that a random wall street journal article or someone rich/famous names CLOAK and we go viral, but I wouldn't bet my .02 CLOAK on it.

To your point 1), the key word is "effective" marketing has a great ROI.  Marketing just because we're not happy with the price at the moment, isn't an effective strategy, IMO.

To point 2 you're saying this as an either/or statement.  There are other solutions.  As in, let the team execute their marketing plan in place.

To point 3, yes.  I trust the development team.  You're using the price to make your point.  Where was all this marketing talk when the price was > 300?  > 250?  > 200?  But now all of a sudden, it's a serious problem.  Nothing has changed, but everyone is bitching.

To statement 4, they don't want to put the cart before the horse and market until Block Escrow is in place.  That's not my decision, it's theirs.

And to be clear, I agree with you.  I think Cloak should be marketed.  But it's not up to me when that starts.  I trust those who are in control of that to make that decision.

[Randy Marsh]

Dont say I didnt warn you

those of your 1200DRK to purchase Bugatti is not enough  

[BTCgraphics]

CloakPal feature launched!


Send and receive #CLOAK using just a phone number.

check out our article on cloakdesk.com!

www.cloakdesk.com

Lets discuss the announcement instead of the trolls, since it's an announcement thread?

[lab rat hoax]

i bugged coolstoryteller a coupple of times about contacting bill still but i never got a confirmation whether or not he pursued it

http://billstill.com/   anyone here besides me heard of this guy ?  

if we could roll out the red carpet and really show him what cloak is about, that is the pinnacle of crypto evolution up to this point in time, it could be a real shot in the arm.  

he's got a couple documentaries .....they are on youtube

the secret of oz    https://www.youtube.com/watch?v=oNyGn7F6tmg

[Danob]

 

Most of the walls disappeard what is the bottom guys 

[Kuriso]

Most of the walls disappeard what is the bottom guys 

No coin ever has a bottom.  it all depends on how far yall want to panic dump it.

[tubesteak]

Fuck this! I'm dumping my other coins. This price is to damn good to pass up. Thanks, panic dumpers.

[demgains]

jesus I wasnt expecting CLK to get dumped this hard. XC's bottomed out around 125k after its pump. I wouldn't worry though, you guys have a bright future ahead.

[merc84]

Blood bath time.

[bangomatic]

Fuck this! I'm dumping my other coins. This price is to damn good to pass up. Thanks, panic dumpers.

selling some SDC and LXC to buy more cloak! I simply cannot believe the dumping...