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

[madalieninvader]

Whole bunch of altcoins went down and today and last seven but cloak A LOT. Have the devs communicated with anybody recently or is this just weird selling?

Just some organized dumping so people can buy at preferential prices. If you bought in because of the dev team sit tight and wait for updates. If you thought the price was going to the moon over night it's time to find a new coin to back.

The only reason I'm in this coin is because the devs seem to deliver all the time, long term holder but don't always have time to check the for info.

I'm wondering if this is a MAJOR buying opportunity or if all these sellers know something I don't.

[Madcat71]

 Snapt from the DRK ANN but worth reading ( yea i have both coins and a few others )
http://cointelegraph.com/news/112262/florida-law-professor-names-cryptocurrencies-super-tax-havens

[Danob]

The price will go even more down,

The  features  may help for a short time but it won't rise or control the price.

Cyrpto world is very smellier to stock exchange market.
Cloak need a big investors to control and rise the price otherwise  the coin will Unfortunately go in a deep down trend .

[tempus]

The price will go even more down,

The  features  may help for a short time but it won't rise or control the price.

Cyrpto world is very smellier to stock exchange market.
Cloak need a big investors to control and rise the price other wise the coin will Unfortunately go in a deep down trend .

It needs distribution. In this stages just one Wale can bring the price down if he wants to buy a car - or, indeed, more Cloak. And sure, dumpings are not nice to see, but THAT IS distribution. Better now than in 4 weeks or 3 months. 

[Revelation]

Could someone explain to me why is PoSA v2 anonymous?
Ally has 2 PoSA addresses: Joe's and Node#1.
The transaction flow is the following:
tx#1 Ally is sending coins to Node#1 PoSA address together with Joe's PoSA address (how do you send the address in a transaction?).
tx#2 Node#1 is sending coins to Joe's PoSA address. (this was not (well) described in the diagram)
tx#3 Joe is sending coins from his PoSA address to Node#2 PoSA address
tx#4 Node#2 is sending coins to Joe's receiving address
 
Here is the problem I see: tx#4 is not anonymous as Joe's receiving address is linked with Ally's sending address through the above 4 transactions.
Just in case, here is the diagram with the possibly problematic line: https://i.imgur.com/UCMqsIr.jpg

It's not possible to link sender to receiver. Coins leave Ally's wallet from a new PoSA address which is new in the blockchain. And in current implementation, coins are splited between nodes, so the coins wont reach Joe's wallet at one time, they reach Joe's wallet splitted in 3 incoming transactions.
You can see this behaviour in block explorer. For example, a PoSA tx reached wallet C8xXp9RMLbSzdCkHdeZeQjfouRyi7kw65s in block 101058 as you can see here:
http://cloak.blockexplorer.cc/block/d8db2e2172716e51203fcc1393e40b2a455c85783f8244d227625e4fcf9f58ed

Try to find who send all those 3x0,33 coins=1 cloak

This is PoSA v1. In PoSA v2 blockchain itself will have IF conditions that look if the coins are delivered in time and if not, coins return to sender. And also, you will have the possibility to choose how many nodes are used to split the coins. Bullet proof

Ok, I will do the tests later and show, but if Ally is creating a new PoSA address inputs to any transactions will be linked to Ally's real address, there is no way to hide this. Just analyze where the inputs are coming from.

[Revelation]

Could someone explain to me why is PoSA v2 anonymous?
Ally has 2 PoSA addresses: Joe's and Node#1.
The transaction flow is the following:
tx#1 Ally is sending coins to Node#1 PoSA address together with Joe's PoSA address (how do you send the address in a transaction?).
tx#2 Node#1 is sending coins to Joe's PoSA address. (this was not (well) described in the diagram)
tx#3 Joe is sending coins from his PoSA address to Node#2 PoSA address
tx#4 Node#2 is sending coins to Joe's receiving address
 
Here is the problem I see: tx#4 is not anonymous as Joe's receiving address is linked with Ally's sending address through the above 4 transactions.
Just in case, here is the diagram with the possibly problematic line: https://i.imgur.com/UCMqsIr.jpg

How does that connecting line imply that Node #2 has knowledge of Ally's address?  I don't get how you're forming that conclusion.

Node#2 doesn't know, but one can deduce it from the chain of transactions. There is nothing that hides the link from Ally to Joe.

[bangomatic]

Bobsurplus:

LMAO how did that work for you at Librexcoin??   

[Dsellerz]

Snapt from the DRK ANN but worth reading ( yea i have both coins and a few others )
http://cointelegraph.com/news/112262/florida-law-professor-names-cryptocurrencies-super-tax-havens

Yup, he is right. Why bother with paying tax on a traditional savings account when you can use something like PoSA on a stable coin to earn interest. Its a lot harder to trace and no taxes. I hope cloak is that stable coin because I plan on buying a lot with any btc I get from selling my drk after whatever price increase it gets from rc4. With these prices you would be crazy not to buy lots of cloak and hold it.

[tubesteak]

Snapt from the DRK ANN but worth reading ( yea i have both coins and a few others )
http://cointelegraph.com/news/112262/florida-law-professor-names-cryptocurrencies-super-tax-havens

Yup, he is right. Why bother with paying tax on a traditional savings account when you can use something like PoSA on a stable coin to earn interest. Its a lot harder to trace and no taxes. I hope cloak is that stable coin because I plan on buying a lot with any btc I get from selling my drk after whatever price increase it gets from rc4. With these prices you would be crazy not to buy lots of cloak and hold it.

+1 Cloaks time to shine will surely come. The coin is only 2 months old and had to deal with an absurd amount of fudders/trolls and just plain assholes.

[Eastbay]

Bobsurplus:

lol 67k on cryptsy, CLOAK has lost around 80% of its value in the last few days, i really feel sorry for the folks who bought then....

[Madcat71]

Snapt from the DRK ANN but worth reading ( yea i have both coins and a few others )
http://cointelegraph.com/news/112262/florida-law-professor-names-cryptocurrencies-super-tax-havens

Yup, he is right. Why bother with paying tax on a traditional savings account when you can use something like PoSA on a stable coin to earn interest. Its a lot harder to trace and no taxes. I hope cloak is that stable coin because I plan on buying a lot with any btc I get from selling my drk after whatever price increase it gets from rc4. With these prices you would be crazy not to buy lots of cloak and hold it.

We seems to have the same plan about DRK    jst waiting for RC4 Pump and dumpit to buy more CLOAK and i dont mind these prices then 

[Coinster2014]

I think it's pretty obvious now that the pump group has dumped this coin.   Now we are down to 25th on the coinmarketcap.   Wish I got out a bit earlier.   All the top coin holders kept saying cheap cheap cheap.   Bunch of friggin liars.   Telling us to buy/hold while they are dumping on us.  

[RW-Stott]

Wow, check out ShadowCoin guys... first full mobile wallet that supports staking, p2p encrypted messaging, and stealth transfers. 

https://bitcointalk.org/index.php?topic=700087.msg8321871#msg8321871

[tazmania]

I think it's pretty obvious now that the pump group has dumped this coin.   Now we are down to 25th on the coinmarketcap.   Wish I got out a bit earlier.   All the top coin holders kept saying cheap cheap cheap.   Bunch of friggin liars.   Telling us to buy/hold while they are dumping on us.   

One person figured this out. These whales buying between 20k and 40k can continue dumping all the way down but will stop sometimes to let price go up a bit so they can dump a bit more. Would you rather have thousands of bitcoins or cloakcoins longterm.

Wow, check out ShadowCoin guys... first full mobile wallet that supports staking, p2p encrypted messaging, and stealth transfers. 

https://bitcointalk.org/index.php?topic=700087.msg8321871#msg8321871

It's cool but to show everyone the state of alts right now even something cool and even something almost everyone can use gives the coin weak buy support and no new buyers because everyone already bought in and now they are stuck bagholding.

[burrmarket]

Long time lurker, first time poster here.

Did anyone else see this happen?

https://i.imgur.com/nBVeccj.jpg

[FiatLiberty]

Long time lurker, first time poster here.

Did anyone else see this happen?

https://i.imgur.com/nBVeccj.jpg

McDonalds Logo if you squint?

[burrmarket]

Long time lurker, first time poster here.

Did anyone else see this happen?

McDonalds Logo if you squint?

HAHA! I'll be damned.

[Suntouri]

Now, the price will be raise, all whales are buying your coins.
One market is near, dont sell!

[Dsellerz]

A bit off topic, but does anyone know how to spot fake volume? What are the signs? I mean fake volume in the sence when people buy and sell coins to themselves to make it look like its being traded more than it really is. Thanks.

[StephenJH]

A bit off topic, but does anyone know how to spot fake volume? What are the signs? I mean fake volume in the sence when people buy and sell coins to themselves to make it look like its being traded more than it really is. Thanks.

I'd like to know thoughts on this too. I don't see it being too far off topic[since it may be happening] but it might make a nice topic of its own.