[ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency

[bct_ail]

This is the correct link: https://github.com/CloakProject/CloakCoin (please correct your link in the post to avoid confusion! Thanks!)

Please correct your link in the quote to avoid confusion as well!

[btc123thatthere]

hi bct_ail, the wrong (old) one I put in was https://github.com/CloakCoin/CloakCoinRelaunch
The correct (latest) one is https://github.com/CloakProject/CloakCoin

Can anyone walk us through on how to build it for Raspbian on a Raspberry Pi 3?

[btc123thatthere]

Okay so in RasPi-Cloak-Build.txt I see that it says

https://github.com/raizor/cpa3/tree/2.0.2.0 (Private - requires auth by r3r)

How can I access that / get auth?

[Guardsman]

Although I do not understand honestly why people need mobile purses, because we do not use crypto currency as a full-fledged means of payment, but rather as tools for either speculative speculation or for investment. In any case, as for me then in the mobile phone it is not the place. But for some reason, everyone really likes mobile wallets. Therefore, I'm glad that the project produces its own smartphone solution. This will promote distribution among users!

[SeaSoul]

Although I do not understand honestly why people need mobile purses, because we do not use crypto currency as a full-fledged means of payment, but rather as tools for either speculative speculation or for investment. In any case, as for me then in the mobile phone it is not the place. But for some reason, everyone really likes mobile wallets. Therefore, I'm glad that the project produces its own smartphone solution. This will promote distribution among users!

You are not really forward looking are you? If adoption increase and more and more people want to transact with each other, you do of course need a mobile wallet. That's what the future of crypto will be about. Have your money with you everywhere and transact easily and quickly.

[btc123thatthere]

Can the mobile wallet app be used for staking / minting?

[yogibaer]

Can the mobile wallet app be used for staking / minting?

unfortunately not.

[btc123thatthere]

To earn the annual 6%, what exactly must be done?

[yogibaer]

To earn the annual 6%, what exactly must be done?

download the cloak wallet, send your coins and wait keep your wallet open you coins will then stake after a while.
Please keep in mind that the reward is only paid when you find a block, this is what staking/minting means.

[Petersha]

CloakCoin is now available for exchange with http://Coinmonkey.io  website! @CoinMonkey_io  #CloakCoin #CloakEnigma #Privacy #CoinMonkey

[kolinko]

CLOAK purpose allows people to use a coin to provide privacy. This is a safe investment project. I think the future will grow and I hope the project will be in the best possible direction and soon to succeed in the future.

[btc123thatthere]

How often do I have to let the wallet load for to earn the (annual) 6%? Why the particular frequency?
How long do I have to let the wallet load / how do I know it's done what it has to do in order to earn the annual 6%?
Thanks

[yogibaer]

How often do I have to let the wallet load for to earn the (annual) 6%? Why the particular frequency?
How long do I have to let the wallet load / how do I know it's done what it has to do in order to earn the annual 6%?
Thanks

You only get rewarded when your coins find a block. Cloak is a pos coin and depends on open wallets. If you have a low amount of cloak you can expect to find ablock (stake/kint) after a few days or even weeks. You will get the reward but you cannot say when your coins will stake. Just to have an idea how long you might have to wait: 1000 CLOAK with an age of several days might stake within 5-10h after syncing the wallet. 100 Cloak might take a day or more when the wallet is synced. I hope this clarifies the staking process a bit.

As long as u do not move your coins they gain coin age and when your coins stake you get the reward for that age e.g. you waited 365 days with 100 cloak and then they stake you get 6 cloak (6%) if they stake after 1 month you get 1/12 of 6 Cloak => 0.5 Cloak.

[btc123thatthere]

I suppose sooner or later most of the good cryptos will give the user the (default) choice to keep transactions private, but also make it possible to prove where funds were sent to / came from - for the best of both worlds.

Cloak will probably be a valuable stepping stone for this happening (and likely make 15 dollars look cheap as chips in the process).. and likely retain a fat 'first mover' advantage/premium I dare say.

Just a theory!

[btc123thatthere]

I watched JSNIP4's interview with the two blokes and remember one of them saying 'you can set it up on raspberry pi'.
Pity not all the needed files are available for download.

I'm using my old 10" x86 EEEPC to keep the wallet running (it's synced and I'm leaving it enigma/cloaking-unlocked) which is pulling 17 watts from the wall with the screen turned off (I'll put in a $30 32GB SSD drive some time). Pretty sure the Raspberry Pi would only pull about 4 to 5 watts from the wall.
I'm glad the x86 windows build is available for download otherwise this wouldn't have been so easy

--

So if I have 100 CLOAK that are say 1 month old, if I leave the computer turned off for say 12 months (meaning I don't run the wallet for 12 months), when I do start the wallet and let it run for say 24 hours (this is called the 'stake', isn't it?), will the 6% be received?

[yogibaer]

So if I have 100 CLOAK that are say 1 month old, if I leave the computer turned off for say 12 months (meaning I don't run the wallet for 12 months), when I do start the wallet and let it run for say 24 hours (this is called the 'stake', isn't it?), will the 6% be received?

You will receive the stake 6% (here 6 Cloak) but you do not have a guarantee that it happens within 24h.

This is an estimate how many times oyu can expet your amount of coins to stake within 24h:

"about staking: In the whitepaper there is a good explanation of what to expect from staking and how often one will stake. If someone holds 1% of all CLOAK this one would likly stake 1% of all blocks. We have 1440 block /d (1 min block time) 1% of that is 14x staking on avg. if someone holds a few hundred cloak they will stake likly less blocks daily."

[bct_ail]

I made a wallet and at first start, I have a two adresses: One with "no label" and a cloak adresse. Another one calls "Cloaking" and has a long adresses? with numbers and letters. What is that last one for?

[yogibaer]

I made a wallet and at first start, I have a two adresses: One with "no label" and a cloak adresse. Another one calls "Cloaking" and has a long adresses? with numbers and letters. What is that last one for?

you can create 2 different addresses. the regular (short) is used for regular transactions. if you want to use enigma ans receive anonymous payments or you want to send to someone you need the cloaking adress (long)

[btc123thatthere]

Sometimes, down the bottom, when the mouse is placed over the CloakShield symbol, the symbol is greyed out and the pop-up text reads "CloakShield unavailable."
What is happening / not happening here?

[yogibaer]

Sometimes, down the bottom, when the mouse is placed over the CloakShield symbol, the symbol is greyed out and the pop-up text reads "CloakShield unavailable."
What is happening / not happening here?

It happens when no anon nodes are available.