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

[boestin]

So cloak was a scam or no? Why price fall so drastically?

No scam, (if I understood it right) only some problems in the anonymous function.
-But come on,...in which Software project every coded line works perfect from the beginning,...

-I see no problems in this,... still holding my Cloaks and look forward to the next Rev.

no, no problem in the anon function, there is a problem of being not trustless.

Can't the trustless just be added on top of the anon feature?

If it were that easy it would have been done already, to get the anon you are mixing the coins in some way, to mix the coins you are either centralising or creating nodes, which are susceptible to attack or manipulation.

I may be wrong, sure there are others who understand the issue better

I think you are spot-on.  That is why it's almost impossible to develop such functionality correct the first time.  Every anonymous coin is using Nodes. The question I think, is how to secure that Node so manipulation and sorcery   can be overcome.  

[Smoothmold]

Is there an annon coin that is trustless and has been audited?

Nope..

Aaaah now I understand why there are some many fudders of other anon coins. They are fearful of Cloak becoming the first trustless coin. 

[issie81]

https://www.youtube.com/watch?v=SWksEJQEYVU

enjoy:))

and still holding my Cloaks look at the rich list, the rich get richer the poor poorer:))

[luigi1111]

so is this savale scam?

No scam, they tried very hard.

Here is a challenge to DRKcoin. Let the same auditors look at DRKcoin anon system and report on it. Will you accept the challenge?

Good point. DRK uses nodes too right?  


Besides all this I think people start to realize they panic sold their Cloaks way too quick.  I mean, look at the other Anon coins.... are they trustless?  No.  Are the DRK and XC devs being honest and open about that? No.

So I am happy that I still own my Cloak, because I prefer honesty and decentralization above faults that are being hidden...

Cloak will come out on top because of this.

Honesty and not sweeping bad news under the rug, thats the way to do it.

Once Dagger gets this done, and he will, Cloak is going back to the top.

Let's be honest here, CLOAK was never at the top.

[karkkis]

Cloak will come out on top because of this. Honesty and not sweeping bad news under the rug thats the way to do it. Once dagger gets this done, and he will, Cloak is going back to the top.

I agree..but..... I wouldn't expect anything too soon, if at all. This is a 1/100 bet now. It is clear now, that trustless p2p anon marketplace is very complicated, requires top skills in coding and theoretical cryptography, as well as some genuine thinking out of the box.

The team had a concept, and they thought they could solve something big, but they were proved wrong. Maybe they knew it all along (that it was near to impossible), and just wanted to create the hype, who knows.

Maybe what is left to do is to mimic Supercoin's approach, who btw claims that they have found a solution to p2p trustless anon (although using coinjoin tech, which might be the weak link), and are also aiming to launch a marketplace in the "near future"...

Hell... I hope cloak succeeds, but there is no time to waste... whoever does this tech first will be the winner, and there are no second places..

Cloak devs, good luck. Thanks for trying and being at least a little honest. Try harder. In the meantime I will hold, and maybe catch a few more "cheap" cloaks, as there is nothing more left to do but close your eyes and hope... and hope... and hope.... Damn this is getting depressing.

[RJF]

still don't understand this dump, DRK failed 3 times to deliver!
we just did one failure and nailed to the ground, i still believe in the Devs and the delivering of what they promising!

I think the difference is that DRK had technical difficulties/bugs....

Cloak is fundamentally flawed in their design from the grounds up.   It's like saying I don't understand why Leaning Tower of Pisa is so different from other buildings.

Is this true?

PoSa which was supposed to be trustless is not.   The solution that they proposed (block escrow) compound it further.    So, the two basic feature of the coin to give it the trustless anon is no longer the way to go.   So... it's definitely fundamentally flawed from the ground up.

Please cite your sources. Where have you obtained this information?

[bangomatic]

so is this savale scam?

No scam, they tried very hard.

Here is a challenge to DRKcoin. Let the same auditors look at DRKcoin anon system and report on it. Will you accept the challenge?

Good point. DRK uses nodes too right?  


Besides all this I think people start to realize they panic sold their Cloaks way too quick.  I mean, look at the other Anon coins.... are they trustless?  No.  Are the DRK and XC devs being honest and open about that? No.

So I am happy that I still own my Cloak, because I prefer honesty and decentralization above faults that are being hidden...

Cloak will come out on top because of this.

Honesty and not sweeping bad news under the rug, thats the way to do it.

Once Dagger gets this done, and he will, Cloak is going back to the top.

Let's be honest here, CLOAK was never at the top.

Luigii!    Why arent you over on DRKcoin drinking the kool-aid and lying to yourself with the rest of the fanatics?

Maybe you had to jump ship and swim over to cloakcoin?? eh??

Also do you think Evan would accept the challenge of getting audited by same auditors as cloak?

[luigi1111]

so is this savale scam?

No scam, they tried very hard.

Here is a challenge to DRKcoin. Let the same auditors look at DRKcoin anon system and report on it. Will you accept the challenge?

Good point. DRK uses nodes too right?  


Besides all this I think people start to realize they panic sold their Cloaks way too quick.  I mean, look at the other Anon coins.... are they trustless?  No.  Are the DRK and XC devs being honest and open about that? No.

So I am happy that I still own my Cloak, because I prefer honesty and decentralization above faults that are being hidden...

Cloak will come out on top because of this.

Honesty and not sweeping bad news under the rug, thats the way to do it.

Once Dagger gets this done, and he will, Cloak is going back to the top.

Let's be honest here, CLOAK was never at the top.

Luigii!    Why arent you over on DRKcoin drinking the kool-aid and lying to yourself with the rest of the fanatics?

Maybe you had to jump ship and swim over to cloakcoin?? eh??

Also do you think Evan would accept the challenge of getting audited by same auditors as cloak?

1. When have I been a fanatic?
2. Who audited Cloak? If it's someone(s) with some credentials, I don't see why not. I'd rather just see open source though. It's been long enough (or close).

[Yaremi]

Hi all! I look low price. That good time to invest or price never go high?

[szuwi]

Hi all! I look low price. That good time to invest or price never go high?

good time to invest

[bangomatic]

so is this savale scam?

No scam, they tried very hard.

Here is a challenge to DRKcoin. Let the same auditors look at DRKcoin anon system and report on it. Will you accept the challenge?

Good point. DRK uses nodes too right?  


Besides all this I think people start to realize they panic sold their Cloaks way too quick.  I mean, look at the other Anon coins.... are they trustless?  No.  Are the DRK and XC devs being honest and open about that? No.

So I am happy that I still own my Cloak, because I prefer honesty and decentralization above faults that are being hidden...

Cloak will come out on top because of this.

Honesty and not sweeping bad news under the rug, thats the way to do it.

Once Dagger gets this done, and he will, Cloak is going back to the top.

Let's be honest here, CLOAK was never at the top.

Luigii!    Why arent you over on DRKcoin drinking the kool-aid and lying to yourself with the rest of the fanatics?

Maybe you had to jump ship and swim over to cloakcoin?? eh??

Also do you think Evan would accept the challenge of getting audited by same auditors as cloak?

1. When have I been a fanatic?
2. Who audited Cloak? If it's someone(s) with some credentials, I don't see why not. I'd rather just see open source though. It's been long enough (or close).

1. You must be a fanatic because you troll here constantly.  

2. Great! I will ask Dagger to contact you, although I know he is very busy ATM. I would really love to hear the outcome of an audit by this team of DRKcoin anon.

[boestin]

coinjoin tech is the weak link for sure.  btw, is the supercoin source public yet?  The name alone sounds a bit scamish to me.

[hrt]

Let's together write a poetry about money you had possessed before CLOAK got you mind and dedication:

When the money has gone, and then turned to trash,

this is sign that you should sell your body for cash.

If u asshole and dumb, then keep buying that shit.

Only one fucking thing that you can't admit

is that you once again simply got ripped off,

so better get hooker but be ready for scoff.

So since you fell victim to crypto abstract,

the way you must go is to dump those CLOAK's.

[poornamelessme]

Trustless anon already exists in the cryptonote coins via ring signatures. And it hasn't exactly done them a ton of good so far. Yes, they have their own issues (potential bloat), but this race to trustless anonymity already has been won, sort of... just that people don't really seem to care.

This isn't meant as fud, nor do I even own any cryptonote coins (I owned some Cloak and still own some Drk). I'm just wondering why the hype over something that probably isn't as big a deal as people make it out to be.

[Jiggy0001]

is there any news expected tonight from the dev?

[BTCgraphics]

i want to say thank you to all dumpers who dump today to 15k satoshis!

i bought more of this nice coin for 7btc at 15k wow THANK YOU!

And dont forget buy high sell low! great job guys!!!

I also picked up some at 16k i couldn't believe it

[bangomatic]

Trustless anon already exists in the cryptonote coins via ring signatures. And it hasn't exactly done them a ton of good so far. Yes, they have their own issues (potential bloat), but this race to trustless anonymity already has been won, sort of... just that people don't really seem to care.

This isn't meant as fud, nor do I even own any cryptonote coins (I owned some Cloak and still own some Drk). I'm just wondering why the hype over something that probably isn't as big a deal as people make it out to be.

Well it really is a big deal.

People want to be able to have totally anonymous transactions for various reasons.

Until we get there, cash is king.

[boestin]

Trustless anon already exists in the cryptonote coins via ring signatures. And it hasn't exactly done them a ton of good so far. Yes, they have their own issues (potential bloat), but this race to trustless anonymity already has been won, sort of... just that people don't really seem to care.

This isn't meant as fud, nor do I even own any cryptonote coins (I owned some Cloak and still own some Drk). I'm just wondering why the hype over something that probably isn't as big a deal as people make it out to be.

People don't care?  Then why are the "potential" anon coins are the last couple of months in the top 5 most traded @mintpal?

[poornamelessme]

Trustless anon already exists in the cryptonote coins via ring signatures. And it hasn't exactly done them a ton of good so far. Yes, they have their own issues (potential bloat), but this race to trustless anonymity already has been won, sort of... just that people don't really seem to care.

This isn't meant as fud, nor do I even own any cryptonote coins (I owned some Cloak and still own some Drk). I'm just wondering why the hype over something that probably isn't as big a deal as people make it out to be.

People don't care?  Then why are the "potential" anon coins are the last couple of months in the top 5 most traded @mintpal?

You misunderstood what I meant, or perhaps I wasn't being clear.

That the race has been won, yet people are still trying to win it. Another form of anonymity using different tech is fine and good, I'm just not sure why there is hype for something that pretty much exists already.

[bangomatic]

Let's together write a poetry about money you had possessed before CLOAK got you mind and dedication:

When the money has gone, and then turned to trash,

this is sign that you should sell your body for cash.

If u asshole and dumb, then keep buying that shit.

Only one fucking thing that you can't admit

is that you once again simply got ripped off,

so better get hooker but be ready for scoff.

So since you fell victim to crypto abstract,

the way you must go is to dump those CLOAK's.

ROFLMAO! dont quit your day job