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

[l3sny]

Hi Guys,

Can someone pleaase explain to me in simple English  if cloak is mineable or just PoS? where from the new coins come and how this 6% is being calculated?


Cheers!

[yogibaer]

Hi Guys,

Can someone pleaase explain to me in simple English  if cloak is mineable or just PoS? where from the new coins come and how this 6% is being calculated?

Cheers!

POS only coin
6% annually, example: you own 1000 CLOAK, if you stake after 1 year you get 60 CLOAK (equals 6% of 1000) If you stake randomly keeping your wallet open 24/7 oder opening it once a month you will earn parts of the 60 cloak. about 0.164 CLOAK / day)

[l3sny]

Thx. So wallets work as them nodes plain and simple. Can it run on raspberry as well?

And is Enigma also going to be open source?

Much appreciated

[yogibaer]

Thx. So wallets work as them nodes plain and simple. Can it run on raspberry as well?

And is Enigma also going to be open source?

Much appreciated

Any wallet with a positive balance is a full node
There is a raspi package available.
The progress for open source is moving ahead as stated in the roadmap. CLOAK, without ENIGMA is opensource (see github link in the OP), ENIGMA will be open source soon!

Visit our homepage: www.cloakcoin.com

[l3sny]

Excellent! And my last question. What's the story with the OneMarket? Is it being developed or just not yet? Any time frame?

I love Cloak!

[yogibaer]

Excellent! And my last question. What's the story with the OneMarket? Is it being developed or just not yet? Any time frame?

I love Cloak!

OneMarket was canceled 3 years ago.  Maybe CLOAK can be integrated in existing market solutions in the future.

[arbitrage]

There is no Economic justification to compete with Open Bazaar, better spend money and time on integration with their system which will be main target of all other coins with anonymous solutions. Everything else will be failed investment, or we can call it experimental investment.

[R-J-F]

There is no Economic justification to compete with Open Bazaar, better spend money and time on integration with their system which will be main target of all other coins with anonymous solutions. Everything else will be failed investment, or we can call it experimental investment.

Exactly, use CLOAK for what it is intended to be used for, anonymity. Focus should always be on improving the coin and marketing it to real markets and venders.

[ardentvolcanoes]

There is no Economic justification to compete with Open Bazaar, better spend money and time on integration with their system which will be main target of all other coins with anonymous solutions. Everything else will be failed investment, or we can call it experimental investment.

Exactly, use CLOAK for what it is intended to be used for, anonymity. Focus should always be on improving the coin and marketing it to real markets and venders.

if this can be focused cloak will served its purposed and more people will be backing it up just need more serious advertiser to gather
investors attention and afterwards for sure success will follow its been a while for this project but we are still aiming for the best results.

[deepend]

Dissapointing price but only 1.6 btc to get back over 1. Let's get this pos open sourced.

[classicneverdies]

Dissapointing price but only 1.6 btc to get back over 1. Let's get this pos open sourced.

This will not last for long. The price will start rising very soon.

[arbitrage]

Dissapointing price but only 1.6 btc to get back over 1. Let's get this pos open sourced.

This will not last for long. The price will start rising very soon.

Buy all coins that dropping now because they will rise for sure! Opening of code will be major event and will be used for another race till moon. Problem is only BTC, and he is decided to go to 10k this year.  Cloak was and will stay super opportunity! You can double your money, just buy and wait for a while. Team is still on vacation.

[arbitrage]

Exactly, use CLOAK for what it is intended to be used for, anonymity. Focus should always be on improving the coin and marketing it to real markets and venders.

if this can be focused cloak will served its purposed and more people will be backing it up just need more serious advertiser to gather
investors attention and afterwards for sure success will follow its been a while for this project but we are still aiming for the best results.

Only problem with this we already have bunch of coins with same ideas and they are working on integration with different markets. Fastest will be rewarded as always. So it is very important to recognize what can be done fast and what is waste of time.  Cloak has very good chances on dark-net, so it should be nice to put more efforts for this to be investigated.

[yogibaer]

CLOAK The Sleeping Bull

We consolidated the last rallies and the chart shows as a falling wedge in the daily time frame. The strong support level at 85k sat. seems to hold and we can see a possible double bottom forming there. The double bottom would be activated with a high above 235k sat. The target for the double bottom is 400k sat. Activating the double bottom can also be the start for the expected rally
which could lead us to about 1M sat. or 1.4M sat.

It's still time to accumulate now. Buy the dips!


Important price levels and targets


Strong Support:      85k sat.      

Resistance:      345k sat.    550k sat.   
 
Target:         1M sat. (0.01 BTC / CLOAK)   1.4M sat.

[arbitrage]

I remember old days when Cloack was under 5k and situation was so desperate but team few main investors stayed strong and had no doubt in success. They are part of this success. Just compare that situation and this today. Just hold and your investment is secure. Don't mix feelings or you are doomed!

[tradercouch]

Buy the dips while you have still chance to buy and you have also this month to buy then from next month you can not buy on this price

[joebaker]

I'm happy to have found CloakCoin back in June when the surge of investment began to come in, I took notice.

i've always wanted more than Bitcoin offered in terns of

  anonymity
  untraceability
  decentralization
  not requiring special mining hardware

And CloakCoin Delivers!!!


Plus I'm excited to see what comes of the next release.  Here's what I've gleaned is coming (wait to hear from developers for sure)

After the code audit findings are resolved, code brought over from Litecoin will be refactored in which will bring in other features:

    HD Wallets
    Segwit

We'll see where this all goes.  I'm sure at some point the world will see that they must have anonymity.

[arbitrage]

I do not doubt in CloakCoin team they showed to us they deserve success for their efforts. My only concern is flaw in the code which can be used by an hacker. So most important is to be 100% prepared for this code opening. So my advice is do not rush, consequences can be fatal if you fail in this.

[deepend]

Very thin out there. It could explode any time. I agree that the code needs to be reviewed prior to open source. It is the biggest risk with the most potential.

[mmfiore]

we need that this project will prior fix the code. It's a great coin, was so dumb if we don t have a good service for that coin.

Please devs don t be fool.