The market is a reflection of the average crypto trader's intelligence level. Here at Cloak you have a solid dev team, serious innovation and product delivery - yet, people are looking for the next pump and dump scam shitcoin. The concept of technology means nothing to these traders, the only thing they care about is quick profits. Cloak has done more than any of the previous coin developers in a fraction of the time. The day we get smart money into crypto is the day 2btc = 1Cloak.
Cloak is more than just an anonymous currency, it's viable replacement for centralized commerce. No sign-in, email confirmations, or passwords other than your wallet encryption. Serverless p2p commerce. Look at yourselves as investors in an early stage startup with a high disruption factor. In the startup world angels would need to be invited to invest in a startup like this.. here you have open investment, which also is a conundrum because investors aren't locked in until the project gets it's IPO. We'll be marketing Cloak as a product/service instead of just a cryptocurrency. What other startups lack is direction, which cloak has. It knows it's product/market-fit. Take a look at pretty much every altcoin on the market, they don't even know who their customers will be. Let alone, how they will achieve adoption. Cloak is one of of the very few players in crypto that can package itself as a product.
One of the leading causes for the state of the market is shitcoin trolls spreading FUD about real projects. When there is a scam they encourage it for the profits.. Bitcointalk is a cesspool of liars and cheats trying to rip each other off. The FUD trolls here contribute nothing to cyrpto progression. The mods here don't give two shits about altcoins, so the pattern continues..
Innovation > FUD > Innovation > FUD
If crypto is ever going to be taken seriously by the mainstream, it needs a new platform that is properly moderated. I hope there will be a concerted effort by real altcoin developers to boycott bitcointalk as a serious forum for alternative cryptocurrencies. Let this stay the 9gag of crypto and let's take the discussion elsewhere. I applaud TheDagger for making a sound decision to leave Bitcointalk for the uneducated high school drop outs to bicker back and forth about shit they don't even understand. The majority of people in the altcoin section don't even know the terms used in a software development cycle i.e, alpha, beta, rc, gold.. let alone have a basic understanding of cryptographic protocols. The whitepaper was meant for those people. A high level technical whitepaper is on the way.
If you want to see intelligent investors visit the non-altcoin section of bitcointalk and you'll a stark difference in the discussion.
Any serious discussions about cloak should take place at
www.cloaktalk.org - there's even a section for FUD..
http://cloaktalk.org/category/trading-discussion/fudWell said