mr. Dutch
Member
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Activity: 66
Merit: 10
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July 29, 2017, 06:31:13 PM |
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i would like to know a bit more about staking but cannot find the info.
Is there some kind of manual or document with more info?
I found somewhere that i can earn 6% but is this monthly? Quarterly? Yearly?
And what are the settings for my wallet?
Thanks
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tradercouch
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July 29, 2017, 07:17:04 PM |
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i bought cloaks on 0.003  and hoping for 0.0055 atleast to sold but cloak back too much dump |
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BrianH
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July 29, 2017, 07:52:37 PM |
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The cynic in me wonders whether the developers dumped their 7 day instamine after pumping prices to $10/coin during the last few months, then took their "break" and bailed on this project, just like the original team. How do we know the team is any different?
The optimist in me read the initial audit, hopes the code is in fact legit, hopes they are just breaking, because they are waiting for the new audit and can't really work on the code. I also think prices will keep dropping while the developers are gone. As Cloakcoin falls from the top 100 coins by market cap (96 now), it will be a good time to buy.
If the technology is legit, it sounds like Cloak will be the most secure and user friendly anonymous crypto out there. I think Monero is very user unfriendly, has major scaling/stability issues, Dash has problems with the premine and isn't really anonymous, PIVX has a stupid name and has the same problems and Zcash isn't really anonymous. Cloak is still the best in theory, but who knows until they open source it?
I still have coins in Cloak, so here's hoping it's a success...
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mr. Dutch
Member
Offline
Activity: 66
Merit: 10
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July 29, 2017, 08:04:49 PM |
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lab rat hoax
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July 29, 2017, 08:44:38 PM |
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The cynic in me wonders whether the developers dumped their 7 day instamine after pumping prices to $10/coin during the last few months, then took their "break" and bailed on this project, just like the original team. How do we know the team is any different?
The optimist in me read the initial audit, hopes the code is in fact legit, hopes they are just breaking, because they are waiting for the new audit and can't really work on the code. I also think prices will keep dropping while the developers are gone. As Cloakcoin falls from the top 100 coins by market cap (96 now), it will be a good time to buy.
If the technology is legit, it sounds like Cloak will be the most secure and user friendly anonymous crypto out there. I think Monero is very user unfriendly, has major scaling/stability issues, Dash has problems with the premine and isn't really anonymous, PIVX has a stupid name and has the same problems and Zcash isn't really anonymous. Cloak is still the best in theory, but who knows until they open source it?
I still have coins in Cloak, so here's hoping it's a success...
3 years and counting, i can attest that they haven't let me down. you got the right one baby ! |
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tradercouch
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July 30, 2017, 09:13:08 AM |
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looks like cloakcoin dead
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hirokazu
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July 30, 2017, 09:33:42 AM |
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looks like cloakcoin dead
Not yet, cloak is still alive belong their community. Cloak is just entering a difficult time. Don't worry, it will get pumped soon. It would be a pity if the coin that is famous enough to be abandoned by his dev. |
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JosNekoKopa
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July 30, 2017, 09:47:53 AM |
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Buy while others are busy with Bitcoin and while they don't realize what is happening.
People rushing to get free BCC and selling alts..When this free airdrop finish all BTC's will be returned to exchanges and will pump alt-coins again. So don't worry enjoy free coins while there is no BTC support!
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tradercouch
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July 30, 2017, 11:19:41 AM |
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Buy while others are busy with Bitcoin and while they don't realize what is happening.
People rushing to get free BCC and selling alts..When this free airdrop finish all BTC's will be returned to exchanges and will pump alt-coins again. So don't worry enjoy free coins while there is no BTC support!
what does it mean free BCC? bitcoin cash value is i think 300 usd to 400 usd they why it is call free coin??? and about cloakcoin i do not understand why price is not stability its went to 0.0055 and now 0.0012 this not good sign |
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investor1
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July 30, 2017, 04:27:17 PM |
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and about cloakcoin i do not understand why price is not stability its went to 0.0055 and now 0.0012 this not good sign
Why you only write when the price falls? Why did not he say anything when we were at 0.005? That's too bad signal for you! Comments? |
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deepend
Member
Offline
Activity: 93
Merit: 20
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July 30, 2017, 05:13:15 PM |
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looks like cloakcoin dead
Wrong, another opportunity in the waiting. The technology is evolving towards cloak. IMHO |
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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July 30, 2017, 06:42:41 PM |
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The cynic in me wonders whether the developers dumped their 7 day instamine after pumping prices to $10/coin during the last few months, then took their "break" and bailed on this project, just like the original team. How do we know the team is any different?
The optimist in me read the initial audit, hopes the code is in fact legit, hopes they are just breaking, because they are waiting for the new audit and can't really work on the code. I also think prices will keep dropping while the developers are gone. As Cloakcoin falls from the top 100 coins by market cap (96 now), it will be a good time to buy.
If the technology is legit, it sounds like Cloak will be the most secure and user friendly anonymous crypto out there. I think Monero is very user unfriendly, has major scaling/stability issues, Dash has problems with the premine and isn't really anonymous, PIVX has a stupid name and has the same problems and Zcash isn't really anonymous. Cloak is still the best in theory, but who knows until they open source it?
I still have coins in Cloak, so here's hoping it's a success...
3 years and counting, i can attest that they haven't let me down. you got the right one baby ! Agreed! And, there was no "pump", what you were seeing was the entire market gaining value, not just CLOAK.You will see it again after BTC gets through this stupid upgrade crap and all the players go back to trading again... |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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July 30, 2017, 06:43:52 PM |
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looks like cloakcoin dead
Hey CUTEFLOWER, take whatever CLOAK you have left and buy yourself a life would you? Please! |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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July 30, 2017, 06:46:14 PM |
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Buy while others are busy with Bitcoin and while they don't realize what is happening.
People rushing to get free BCC and selling alts..When this free airdrop finish all BTC's will be returned to exchanges and will pump alt-coins again. So don't worry enjoy free coins while there is no BTC support!
what does it mean free BCC? bitcoin cash value is i think 300 usd to 400 usd they why it is call free coin??? and about cloakcoin i do not understand why price is not stability its went to 0.0055 and now 0.0012 this not good sign BTC is trading around $2300.00 USD not $300 to $400. Have you really looked at the rest of the market recently? Perhaps you should... |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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parat8t9
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July 31, 2017, 12:53:53 AM |
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looks like cloakcoin dead
Wrong, another opportunity in the waiting. The technology is evolving towards cloak. IMHO Dollar cost averaging... same thing stackers do with silver. Buy as the price goes down and don't sell! Silver Gold BTC LTC ETH... they just sit... Cloak earns interest so it's a no brainer. My gut reaction seeing these prices was a little troubling, but patience and not selling at a low is key. As long as your not shorting or selling at a loss, nothing to worry about :-) |
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deepend
Member
Offline
Activity: 93
Merit: 20
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July 31, 2017, 05:47:13 AM |
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looks like cloakcoin dead
Wrong, another opportunity in the waiting. The technology is evolving towards cloak. IMHO Dollar cost averaging... same thing stackers do with silver. Buy as the price goes down and don't sell! Silver Gold BTC LTC ETH... they just sit... Cloak earns interest so it's a no brainer. My gut reaction seeing these prices was a little troubling, but patience and not selling at a low is key. As long as your not shorting or selling at a loss, nothing to worry about :-) We replace Monero in 1 year, IMHO! |
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BitsifyOfficial
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July 31, 2017, 01:30:14 PM |
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looks like cloakcoin dead
Wrong, another opportunity in the waiting. The technology is evolving towards cloak. IMHO Dollar cost averaging... same thing stackers do with silver. Buy as the price goes down and don't sell! Silver Gold BTC LTC ETH... they just sit... Cloak earns interest so it's a no brainer. My gut reaction seeing these prices was a little troubling, but patience and not selling at a low is key. As long as your not shorting or selling at a loss, nothing to worry about :-) We replace Monero in 1 year, IMHO! That's the spirit! Devs have been and will continue to develop an amazing coin! Cloak has by far, one of the best Dev team in regards to dedication, truly amazing hard work! I hope they enjoy their break and come back ready to push cloak to the skies and beyond  |
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Don-Quixote
Newbie
Offline
Activity: 5
Merit: 0
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July 31, 2017, 02:04:09 PM |
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https://www.cloakcoin.com/files/images/generall/cloak_update.png
Hello Community & Friends!
Even the hardest workers need to re-energize, so please be informed that most of Team members are about to go on their annual summer holiday (some are already there).
Cloak Team is entering vacation mode from August 01 until August 25.
During this period there will be no major updates or big news, of course there will always be someone monitoring and managing the project, but mostly from the back-office.
The community and available Team members continue the awesome work of supporting the new people arriving to the project.
https://i.imgur.com/0uuTRtb.png
We'll be returning to work after vacation and look forward to kick-off the much awaited developments in the project:
Security Audit and Open-Source release 
Specialized security companies have been contacted for the code audit before the Open-Source release.
More details on that will be announced soon.
We'll be back!!!
Have fun and enjoy your vacations also.
Peace & Love
Team Cloak
I think something this project is missing is a development funding source similar to Dash's treasury which has been phonemically successful. What if every staking cloak wallet had the opportunity to vote on proposals submitted to the network with a 1 coin 1 vote ratio with similar passage rules as Dash's, %more yes's than no's, have this project treasury funded with 1% of the interest stake generated by all the wallets, dropping the interest paid cloak stakers to 5%, and burn unallocated coins lowering the inflation rate. I would be very willing to lose 1% to see a collective funding source created so all sorts of projects, including the dev team can be funded on an on-going basis. The approximate current 5,000,000 coin supply has a total 300,000 coin increase this year with the 6% inflation, 1% would be 50,000 coins worth about $250,000 at the current $5 price, A nice sum for a small full/part time Dev team. If Cloak had the same approximate market cap as Dash at $1.5 Billion, the 1% is worth $15 million per year or $1.25 million per month very similar to what Dash's current monthly budget is, $1.3 million. What are the communities thoughts??? I like the idea. Most coins don't give 1% APR let alone 6! I'd be happy donating 1% of the staking to a wallet address that funds full time devs. I like that idea also We already discussed it internally and would probably realized it after open source For sure is a hardfork required but will bring us further forward. you have my full support i think the devs have to get some % from the coin overall in order to use that extra cash boost and to make more exposure for the coin in the main channels and hopefully also invest in extra development cloak coin team thank you for all you have my vote |
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