These nasty trolls just come here for no other reason than to try and destroy Cloakcoin. They recognize we are a true threat to there investments in other coins. The fact they come to talk shit, nitpick and degrade the Cloak team shows evident fear, uncertainty, doubt. There is no doubt that they are scared little BITCHES. So kindly GTFO!
Actually, I came here to evaluate possibly investing BIG in it but did not like the cesspool that I found. TRUE!
There is also a possible flaw in the entire PoSA idea as discussed here.
https://bitcointalksearch.org/topic/cloakcoins-posa-is-not-a-trustless-system-for-anonymous-transaction-713836And summarized here: Instead of repeatedly censoring real information, maybe the Devs should reply to this:
"strasboug
Full Member
My purpose is not to attack any coins. My purpose is to seek the truth, as I myself am interested in the trustless anonymous transaction system. So please, state your facts, let's discuss, and let's understand the truth.
Well Cloakcoin claimed that their PoSA is a trustless system, but I read their whitepaper in the thread:
https://bitcointalksearch.org/topic/ann-cloak-cloakcoin-no-premine-x13-decentralized-market-and-posa-637704It seems to me that this is not at all a trustless system. The reason is that the "elected" nodes have no restrictions at all to follow the rules (i.e. send coins to destination etc), he can change at will the transaction or even steal the coins. So the PoSA is a poorly designed trust system, which trust the "elected" node. Only until they cheated, they may be banned.
Creating addresses is easy, so a cheater can simply create a new address, cheat once, then move to another address and cheat again. PoSA is not a trustless system.
On the contrary, Supercoin is creating a trustless system by using multisig addresses and transactions. To be a trustless system, you must give restrictions to the middle nodes, so they must follow the rules. From what I read, the SuperCoin achieves this by creating multisig address, as an escrow, each party including middle nodes, have assets in the escrow, so they can't cheat, or they may lose the assets in escrow, which may be bigger than what they cheat.
I am not associate with Supercoin or Cloakcoin, the reason I do not post these in Cloakcoin's thread is because their thread is self-mod, so they can delete anything at will.
I welcome Cloakcoin dev to discuss here and prove me wrong, as although I am pretty experienced and understand most altcoin details, I could be wrong. But from what I read, I am pretty sure that Cloakcoin PoSA is not a trustless system, but a poorly designed trust system."