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Author Topic: CLOAK - Full of Bull Shit  (Read 1119 times)
1stbet (OP)
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June 13, 2014, 09:20:23 AM
 #1

I'm here to place my views on CLOAK.

CLOAK coin is full of bull shit.

1. CloakSend - The anon transaction feature promised deadline (06/12) just passed and the dev comes up with a demo web page update now. Technical details presented in the demo confirms its almost a scam. It's straight copy from Pink coin.


2. CloakTrade - Buy & Sell Cloak for BTC to be implemented directly inside wallet as per dev - what a load of BS !!! Implementing a Bitcoin exchange within the wallet is almost impossible.


3. CloakDocs - Ability to send document from one client to another. - What? why do we need this? Gimmick


4. CloakPay - Automated subscription payments - Users will be able to benefit from allowing users to enable subscription payments for any type of service, accepting CLOAK payment method - Gimmick


5. CloakTalk - encrypted messaging - unbelievable !!


I feel Cloak is a scam. Caution.





Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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June 13, 2014, 10:05:42 AM
 #2

All the latest waves of anon's are full of shit just playing on newbies latest flavor of the month so they get pumped.

I swear I'll make a meme pos anon animal coin for my country that'll have everyone raving   Grin
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June 13, 2014, 10:55:38 AM
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Quote
1. CloakSend - The anon transaction feature promised deadline (06/12) just passed and the dev comes up with a demo web page update now. Technical details presented in the demo confirms its almost a scam. It's straight copy from Pink coin.

There are plenty of coin pretending to be anonymous, and those naive investors keep believing in that "development in progress"  Grin

That CloakSend feature is nothing different from centralized mixers for Bitcoin. There is no innovation in this coin.
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June 13, 2014, 11:01:13 AM
 #4

Yup, seems the coins with hype take all the press and the coins that have actual working anonymous don't even get noticed. Its all about marketing (bullshitting). I don't get why you guys don't see pinkcoin as an anon coin Huh Huh It just sits there and goes nowhere while these new scammy lies do well. Its beyond me.

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June 13, 2014, 11:57:31 AM
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Yup, seems the coins with hype take all the press and the coins that have actual working anonymous don't even get noticed. Its all about marketing (bullshitting). I don't get why you guys don't see pinkcoin as an anon coin Huh Huh It just sits there and goes nowhere while these new scammy lies do well. Its beyond me.



any coins with weird names that would not fit in the real world sounds scammy to me.

All the latest waves of anon's are full of shit just playing on newbies latest flavor of the month so they get pumped.

I swear I'll make a meme pos anon animal coin for my country that'll have everyone raving   Grin

looks like xc is the most legit after all.
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June 13, 2014, 12:09:37 PM
 #6

Well wasn't the Hobonickel guy salesguysing it throughout the week? I wouldn't dismiss it yet ...

https://bitcointalk.org/index.php?action=profile;u=149642;sa=showPosts

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June 13, 2014, 12:10:17 PM
 #7

cloakcoin is mostly a libertycoin in disguise
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June 22, 2014, 04:17:16 PM
 #8

Bought some of this crap yesterday and made a few posts in cloakcoin thread. Wish I had seen it was self moderated before I bought but luckily thedagger was kind enough to delete one of my posts which alerted me to it being a self mod thread. Got rid of those coins ASAP what kind of dev has the time to self moderate a thread to the extent he is and why the need for it. Nothing suss Roll Eyes 

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