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

[oaks05]

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.

id support this route if the timeframe to accomplish this wasnt crazy long like a year or so

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[oaks05]

I still see post of people relating to cloak as a pump n dump from three years ago thats another reason why i support this route, drop the coin from cloak as well, a fresh start isnt a bad idea to let it be known this isnt the old cloak least my own 2 cents

[JosNekoKopa]

@Team
Post in OP lists of team members and their roles accordingly so everyone can see easily. I Saw those informations at your homepage, i guess some members maybe are not interested to explore other web destinations they would like to see it all here. Many people actually are not aware that this is different team, or they are confused.

[magpr]

Hey, yogibaer, i miss your great Cloak charts! What happens with you? And what happens with Cloak promotion, why all was stopped?

[investor1]

I agree with ICO, superblock,% of the holding and stake awards, new blockchain and so on. Let's solve this problem with funding and move forward.

[cryptohunter]

block tax is better than super block

or a small super block then block tax to keep it topped up

need a governance system really too

donations are a joke.... who wants to donate when they gain nothing more than those that dont donate. Makes no sense.

[cuteflower]

Hey, yogibaer, i miss your great Cloak charts! What happens with you? And what happens with Cloak promotion, why all was stopped?

yogibear will send chart here when price much high increasing hahahahhahahaha and he just guess

[pavan@hosur]

Team Cloak are planing for the future at the moment!
I read in Cloak Chat, something huge is coming next week

Very excited

when bro already 4 days over

[yogibaer]

Hey, yogibaer, i miss your great Cloak charts! What happens with you? And what happens with Cloak promotion, why all was stopped?

yogibear will send chart here when price much high increasing hahahahhahahaha and he just guess

There was nothing special to say about the chart. Status is waiting for the next rally stage.

[R-J-F]

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.

I like it, I like it a lot! That would solve so many problems including the lingering "scam" image from the old developers. As a LONG time holder, this would open up many new opportunities for CLOAK. Might want to put up a vote and see how it goes.

[BETAWI]

I haves listening about CLOAK have ENIGMA.
What ENIGMA fetaures? what are the advantages of these features?

[lazi]

I haves listening about CLOAK have ENIGMA.
What ENIGMA fetaures? what are the advantages of these features?

Here a explanation about CLOAK & Enigma:

https://www.youtube.com/watch?v=KzlP69bwHkc&t

[algreen]

Hey, yogibaer, i miss your great Cloak charts! What happens with you? And what happens with Cloak promotion, why all was stopped?

yogibear will send chart here when price much high increasing hahahahhahahaha and he just guess

There was nothing special to say about the chart. Status is waiting for the next rally stage.

Nice, new charts here, i'm sure that next rally stage will be really soon, so yogibaer draws 

[exslave]

I haves listening about CLOAK have ENIGMA.
What ENIGMA fetaures? what are the advantages of these features?

Enigma is feature that gives you totaly untraceable transactions  you can find more info here https://www.cloakcoin.com/en/learn-more.html

[oaks05]

block tax is better than super block

or a small super block then block tax to keep it topped up

need a governance system really too

donations are a joke.... who wants to donate when they gain nothing more than those that dont donate. Makes no sense.

I like this idea, a smaller super block, than the tax to keep it topped up, one of the best things I like about cloak is the smaller supply of just under 5 million. Maybe if you went the route of doing a new cloak burn the olds for the new ones put a time frame to make the claim and any unclaimed go to development idk if thats ethical or not though, i personally dont have a issue with it but maybe some might?

[rickgejr]

Please: no tax, no ICO. Just let the Dev's do their stuff. Let the dogs (us) eat.

That way the Dev's will get paid. Thus far, I see a great job.

A PoS coin that is private. Shadowcash and Dash are dying. Peercoin and Blackcoin are "has been" and not private.

Let the Dev's focus on one thing: a great coin. Invest to mint, rather that buy hardware and toss in a month or two.

I see a mega-shift happening here. From PoW to PoS. From "pubic" to "private." Cloakcoin has both.

Where will the smart money go?

One request: please -- nobody get excited for another week or two. That way I can buy cheap.

[R-J-F]

Please: no tax, no ICO. Just let the Dev's do their stuff. Let the dogs (us) eat.
 
That way the Dev's will get paid. Thus far, I see a great job.

A PoS coin that is private. Shadowcash and Dash are dying. Peercoin and Blackcoin are "has been" and not private.

Let the Dev's focus on one thing: a great coin. Invest to mint, rather that buy hardware and toss in a month or two.

I see a mega-shift happening here. From PoW to PoS. From "pubic" to "private." Cloakcoin has both.

Where will the smart money go?

One request: please -- nobody get excited for another week or two. That way I can buy cheap.

Well, the point of an ICO is to provide funds for them to develope and grow the coin. That way, the "Devs" will get paid.
 

[rickgejr]

Well, the point of an ICO is to provide funds for them to develope and grow the coin. That way, the "Devs" will get paid.
 

The Dev's get paid if the coin succeeds.

ICO's and taxes are not necessary, IMO.

[lab rat hoax]

Please: no tax, no ICO. Just let the Dev's do their stuff. Let the dogs (us) eat.

That way the Dev's will get paid. Thus far, I see a great job.

A PoS coin that is private. Shadowcash and Dash are dying. Peercoin and Blackcoin are "has been" and not private.

Let the Dev's focus on one thing: a great coin. Invest to mint, rather that buy hardware and toss in a month or two.

I see a mega-shift happening here. From PoW to PoS. From "pubic" to "private." Cloakcoin has both.

Where will the smart money go?

One request: please -- nobody get excited for another week or two. That way I can buy cheap.

it would benefit all of us if the devs could dedicate ALL their time to CLOAK ....so much more could be done !!!  
Yes, we're all going to be rich, but in the meantime, we all need to eat
a little breathing room can work wonders

[oaks05]

Please: no tax, no ICO. Just let the Dev's do their stuff. Let the dogs (us) eat.

That way the Dev's will get paid. Thus far, I see a great job.

A PoS coin that is private. Shadowcash and Dash are dying. Peercoin and Blackcoin are "has been" and not private.

Let the Dev's focus on one thing: a great coin. Invest to mint, rather that buy hardware and toss in a month or two.

I see a mega-shift happening here. From PoW to PoS. From "pubic" to "private." Cloakcoin has both.

Where will the smart money go?

One request: please -- nobody get excited for another week or two. That way I can buy cheap.

i agree put a plan in place and lets move forward with it no point in mulling over it.


it would benefit all of us if the devs could dedicate ALL their time to CLOAK ....so much more could be done !!! 
Yes, we're all going to be rich, but in the meantime, we all need to eat