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

[oaks05]

I can tell which people who never played the stock market. The price went up on very low volume. But hey, people get excited to pay off their house with the investments in Cloak.

yea its crazy how much the price moves with the volume so low which means people are holding for something big i dont see that being a issue.

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[c4shm3n]

nice to see all this new faces in chat.cloakcoin.com  already 101+ user 

[cuteflower]

i am back         

[R-J-F]

nice to see all this new faces in chat.cloakcoin.com  already 101+ user 

Haven't seen you in a while, just wanted to thank you for all you have done for CLOAK. Without your involvement, we would all have lost our investments. Now that we have a solid development team, there is truly a bright future for this project. Thanks for all the hard work you and the new team are doing, it really is appreciated!

[JosNekoKopa]

Have you sources whales to assist with the open sourcing of the client?  If you open source and no one knows, why even bother?

I believe whales can only make damage at the moment. They are interested only in profit they don't care about technology,  to expect help from them is same as expect from Wall Street to save the world from hunger!
They will pump it again and dump it immediately after releasing of code, no matter how code is good they will destroy every chance for success with greed.

[oaks05]

Have you sources whales to assist with the open sourcing of the client?  If you open source and no one knows, why even bother?

I believe whales can only make damage at the moment. They are interested only in profit they don't care about technology,  to expect help from them is same as expect from Wall Street to save the world from hunger!
They will pump it again and dump it immediately after releasing of code, no matter how code is good they will destroy every chance for success with greed.

I def agree with you stay on the path we are on and let it speak for itself dont need no manipulation

[JosNekoKopa]

Cloak doesn't need another Bob, we just need development and nice steady rise.
Overnight success is very hard to achieve but who knows we can hit mainstream very easy. PR team already assured us they are working hard and surprised us with few good videos @ Youtube. Price is much better than it was recently, you must admit it!

[R-J-F]

Cloak doesn't need another Bob, we just need development and nice steady rise.
Overnight success is very hard to achieve but who knows we can hit mainstream very easy. PR team already assured us they are working hard and surprised us with few good videos @ Youtube. Price is much better than it was recently, you must admit it!

Overnight success is also very hard to maintain, we don't need that, we need lasting success...

[raizor]

Cloak doesn't need another Bob, we just need development and nice steady rise.
Overnight success is very hard to achieve but who knows we can hit mainstream very easy. PR team already assured us they are working hard and surprised us with few good videos @ Youtube. Price is much better than it was recently, you must admit it!

JosNekoKopa et al

I agree on the whales, that rarely ends well. The idea of taking outside investment makes me grimace due to the associated expectations and implications. Unless of course it was along the lines of "We love what you guys are doing, here's a bunch of funding with no strings attached", which is unlikely

We are tossing around a few ideas relating to funding at the moment, but we need to thrash things out a bit more. Personally, I'm happy to do this publicly as I feel we all have a stake in Cloak and these decisions affect us all. The reality is that if we want to work at a faster pace and develop more things simultaneously, we need extra development manpower and that comes at a cost. Finding people within the Cloak community to contribute to things like promotion is workable, but sourcing experienced developers is a lot trickier. I spend the majority of my time with the head in the engine and sometimes it would make far more sense for me to be doing interviews, writing articles and working on designs and implementation plans. Having one or two extra developers would enable me to concentrate more on that side of things, which as we've seen in the past, can generate a lot of buzz for Cloak. I currently have at least 5 people wanting me to do interviews about Cloak, I really would love to have more time to focus on that side of things too...

One idea that has been discussed is minting a 'superblock' and using this to kickstart funding of a Cloak foundation. The Cloak foundation could be a non-profit entity that manages funding for development, PR and technical expenses such as server costs. For this to be workable, all funds would need to be publicly audited. Such a 'superblock' makes me think of scammy pre-mines, but the benefits it would bring make me think it's worth some serious consideration. The end result would be that every Cloak holder/stakeholder effectively donates a percentage of their holdings to the funding of the Cloak foundation. I think this is a lot fairer than the same 10 or so people paying for costs, which has been how things have worked in the past. I'm very interested to hear people's thoughts on this and also any other suggestions people may have. This is the critical issue with Cloak for now and the sooner we can come up with a workable solution, the better.

Going forward, we could generate foundation funding during mining and also have the network generate some reward for cloakers/mixers (in addition to the sender fee, which could be reduced slightly). With the addition of community governance in future (via PoS voting or whatnot), the Cloak community could vote to dictate which future features get funded and developed. As we've seen with the current Bitcoin/Litecoin SegWit situation, governance is becoming very important in crypto projects. Ideally, we'd like to also have non holders (exchanges for instance) have some input going forward, but vote-by-stake is a good first step imho.

I've also been bouncing around the practicalities of micro-rewarding nodes that onion route traffic for others. This could be very neat and would really help Cloak get traction in developing markets where users may have Cloak wallets with a small balance. Increasing the number of active cloakers and relays on the network always helps. I envisage us having to make a few tweaks to how the onion routing within CloakShield functions as the Cloak network grows too. There's quite a clear distinction between the functioning of Enigma and CloakShield in terms of security and privacy and I think it's paramount Enigma remains decentralised with only the sender being aware of the final transaction structure (rather than entrusting some sort of supernode to take care of any part of the mixing - ahem).

Marketplaces are also something that needs some discussion. Personally, I've never been keen on the OneMarket idea for Cloak as I think it would be a huge developmental drain and would get limited usage compared to established markets such as Open Bazaar. Spending some time working to implement Cloak support in Open Bazaar (for starters) would probably work out a lot better in the long run. There's often little point in reinventing wheels and having Cloak support elsewhere should still work out really well. This is just one of the things we can focus on (in addition to the core wallet etc.) if we have more available developers on the Cloak project.

Cloak Strong!

Joe

[JosNekoKopa]

Yes Open Bazaar support is probably better idea then inventing wheel again..One Market is already old fashioned you can find proofs in other projects BLK,SDC,SYS..and they are not interesting as supposed to be, only conclusion would be if development taking too long project risking to become obsolete.

[R-J-F]

Cloak doesn't need another Bob, we just need development and nice steady rise.
Overnight success is very hard to achieve but who knows we can hit mainstream very easy. PR team already assured us they are working hard and surprised us with few good videos @ Youtube. Price is much better than it was recently, you must admit it!

JosNekoKopa et al

- SNIP -

Spending some time working to implement Cloak support in Open Bazaar (for starters) would probably work out a lot better in the long run. There's often little point in reinventing wheels and having Cloak support elsewhere should still work out really well. This is just one of the things we can focus on (in addition to the core wallet etc.) if we have more available developers on the Cloak project.

Cloak Strong!

Joe

Yes, agreed, we don't need to do something that has been done many times, just use services already out there. The crypto community (users) are not that big of a group yet to support numerous market projects. Use what already works to enhance CLOAK's capabilities, spend development time on the core focus, not the peripherals.

[tevayo]

The market is giving its opinion to the idea of "super block" ...
I understand that funding is needed, but you have to find other ways to get it.

[wizardee]

The market is giving its opinion to the idea of "super block" ...
I understand that funding is needed, but you have to find other ways to get it.

Can you share us this ways? Donations was a joke in past imo so I wonder if u have better idea.

[algreen]

Bitcoin grow and cloak go down now. Time to buy cloak again!

[tevayo]

The market is giving its opinion to the idea of "super block" ...
I understand that funding is needed, but you have to find other ways to get it.

Can you share us this ways? Donations was a joke in past imo so I wonder if u have better idea.

Anything is better than opening the pandora box of a superblock.
Although it is done with the best intention, that in the world of crypto-currencies smells havoc.
I'm not saying it is.
The whole issue of financing would be solved if people were not so stingy and stupid to not realize that by contributing a simple 2% of what each one has, we would give a message of strength and unity that the market would reward with a Higher than the contribution.
I promise to contribute that 2%, but I know that it is not enough that a few do, we should be a great majority.

[cuteflower]

pump was 0.00082 and dump is 0.0002 hahahaha

[misterbones]

nice to see cloak bottomed , cloak will rise for sure with steady development and a road map

[R-J-F]

Any interest in an ICO to fund development?

[raizor]

Any interest in an ICO to fund development?

Yes, that was something else that cropped up in the funding discussions. Move the project to a new code base (porting Enigma and CloakShield) and new chain and burning Cloak in exchange for the new Cloak coins. The coins could all be pre-generated and exchanged directly for Cloak. In terms of an ICO, extra coins could be generated at the same time and sold off during the ICO to raise funding. Moving to a new code base would ensure everything is up to date and most likely allow us to get a few new features for free. If we're going to change the PoS algo, block/transaction format (for better privacy) it would make sense to do that during the refresh so we don't have to carry code to deal with the previous blockchain format, which would keep things nice and lean. Personally, I think this is my favoured option. There are outfits who would manage the ICO and take care of things such as exchange listing. Not sure if that would get us onto Poloniex, but it would be worth some investigation. The funding from an ICO could enable us to do some really great stuff imho.

For sustained funding for the future, it would make sense for the network to generate funding for a Cloak Foundation during the mining process, which could be used to fund the project for the future long-term. Once a governance system is in place, the Cloak community can decide how that funding is spent, on what features it's spent and also have some control over the level of foundation funding. I think it's critical to get the fundamentals for the future hashed out as soon as possible. Funding also greatly affects the roadmap for Cloak. With more funding, there are more resources and we can be a lot more ambitious with our plans.

[logictense]

Have you sources whales to assist with the open sourcing of the client?  If you open source and no one knows, why even bother?

I believe whales can only make damage at the moment. They are interested only in profit they don't care about technology,  to expect help from them is same as expect from Wall Street to save the world from hunger!
They will pump it again and dump it immediately after releasing of code, no matter how code is good they will destroy every chance for success with greed.

I def agree with you stay on the path we are on and let it speak for itself dont need no manipulation

Finally u dumped ur cloak and now u are free to go. Its known that cloak is being moved by planet-sized forces, institutions, large investment groups and j.p. morgan. Many sharks are swimming inbetween ur widespread arms, trying to bite u on an armpit. They know where u store ur cloaks and wanna u to dump as more of it as u can till the accumulation phase ending.