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Topic: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA - page 501. (Read 1266573 times)

member
Activity: 65
Merit: 10
i'm potentially going to invest in cloak, but can someone address some of these concerns that i've seen on reddit?

1
 -No proof of technical details. The whitepapers are very vague and contain no groundbreaking details. Details that would be potentially groundbreaking, like how PoSA works or how the OneMarket protocol works are glossed over. The FAQ gives half-assed answers.
2
 -The client is nothing more than Bitcoin-QT with integrated API trading. No stealth transaction functionality.
3    
-The dev(s) are completely anonymous.
4
-Users on Bitcointalk have complained about critical posts deleted in the CloakCoin announcement thread
5  
-The PoW stage lasted 7 days, which means the dev(s) could have mined a large portion of the total coins. Some miners reported seeing 20 GH/s on the network immediately. This is effectively a premine dump.
6    
-I can't find much original code in the Github repo. It seems like it's all code copied from Bitcoin-qt and related repos with minor modifications. Certainly no code for the alleged groundbreaking algos in CloakCoin.
7  
-The site is all talk and no show. The vague whitepapers, the snazzy meaningless graphics, the pointless youtube videos under "development," and the lack of technical discussion in the community.
8
and these technical questions as well:
- how do you prevent blockchain bloat if nodes are sending dust to each other all the time?

- if staking coins are spent to mix/forward txs to recipients, then how can you trust the nodes won't steal coins instead of forwarding them?

- if new addresses are mined to anonymise transactions, then how do you avoid losing transactions due to orphaned blocks?

- alternatively if you wait for the blocks to mature, then how do you avoid long transaction times?


thanks


Hey Montreal,

The person who posted this is a FUDpacker and is no doubt one of the competing currency's cultists.
1
-The current whitepaper gives a general overview of the PoSA process. The anon implementation is an extension to the proof-of-stake protocol; Hence why it is called PoSA. If a wallet is open and staking it is contributing to the PoSA protocol. Think of PoSA staking as a similar concept to turning on your tor browser. An in-depth technical whitepaper is on the way.
2
-There is an anonymity protocol in CloakSend 1.0. The developers discovered a unique approach to anon that blew anything they thought of originally out of the water with CloakSend 2.0 (PoSA - Proof-of-Stake Anon)
3
-Yes, the devs are anonymous. This is an anonymous currency. The respect for individual privacy is a core foundation of Cloakcoin. Our holders should have the same respect for privacy that Cloakcoin provides them financially. Besides the most successful crypto currency is from an anonymous developer (Satoshi)
4
-No critical post get deleted. The posts that are erased from the world are ones that don't contribute to the development of a privacy focused cryptocurrency. Fear, Unproven, Doubt (FUD) are baseless accusations made by individuals and sometimes groups of individuals with the sole purpose to discredit/degrade a coin developers efforts; Furthermore, these accusations usually have a financial agenda driving them. The FUDpackers mission is to create a panic sale so that the price of the coin can drop to a level that's affordable for them to enter the market. Healthy criticism is always welcome in the Cloak community and is usually a precursor to technical debate.
5
-The coin was pre-announced and this gave miners plenty of time to point their rigs at mining pools. The was no pre-mine and nobody is paying these developers to develop this currency. If people didn't believe in mining the coin at launch then that's their own fault. Using the coin's development team as scapegoats for their ignorance in making an investment call is piss poor. Short PoW periods are meant to save overall energy costs by moving the coin as quickly as possible into the PoS scheme. The majority of the features of this coin are PoS related so it would make sense that there would be a shorter period vs a longer one so the devs could begin working on the new features.
6
-Of course this is a Bitcoin fork. What you are seeing is the initial commit of the 1st Cloakcoin source release. We are keeping the innovative features closed source for a time to protect the investors of the coin. In this space there are too many copycat operations stealing innovation. The source will be opened in the future and we are currently looking for a qualified candidate to audit PoSA. We will post an independent audit when we have found an acceptable candidate.
7
-I would suggest going through the website and downloading the whitepapers. They are meant for the general public to understand the direction the coin is heading. The OneMarket paper is technical and you're more than welcome to study it so you can get a better idea of what Cloak can offer you as a holder. http://www.cloakcoin.com/onemarket.pdf. As stated in answer 1 a technical paper is coming that will put any of these FUDpackers to rest.

8
The XC PR guy was in here earlier asking similar questions. We are not at liberty to release this information at this time. I would suggest you wait for the technical whitepaper as it will answer your questions and offer an in-depth comparison of the other approaches to anon.



Every time that someone come to this thread an put some technical questions and doubts about cloak no one is able to give a good technical answer. It seems that many people are hidden something bad here. PoSa is as thing that only a few people with a connection to the dev team know. Any ordinary person that comes to this thread don´t have access to the details. In the IRC the same is happen. Everybody is trying to hidden something. With this lack os transparency this coin will die quickly. The devs are trying to put the price up with the poSa promise and then will cash out the cloaks and left the coin. Very very similar to other coins. Maybe I'm wrong, maybe. The future will say who is right or not...
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
hero member
Activity: 760
Merit: 500
CryptoZilla
This coin is holding up really good lets see where its at within 1 month!
member
Activity: 111
Merit: 10
those questions have been answered by coolstoryteller here https://bitcointalksearch.org/topic/m.7980551
newbie
Activity: 49
Merit: 0
i'm potentially going to invest in cloak, but can someone address some of these concerns that i've seen on reddit?


 -No proof of technical details. The whitepapers are very vague and contain no groundbreaking details. Details that would be potentially groundbreaking, like how PoSA works or how the OneMarket protocol works are glossed over. The FAQ gives half-assed answers.

 -The client is nothing more than Bitcoin-QT with integrated API trading. No stealth transaction functionality.
    
-The dev(s) are completely anonymous.
 
-Users on Bitcointalk have complained about critical posts deleted in the CloakCoin announcement thread
    
-The PoW stage lasted 7 days, which means the dev(s) could have mined a large portion of the total coins. Some miners reported seeing 20 GH/s on the network immediately. This is effectively a premine dump.
    
-I can't find much original code in the Github repo. It seems like it's all code copied from Bitcoin-qt and related repos with minor modifications. Certainly no code for the alleged groundbreaking algos in CloakCoin.
  
-The site is all talk and no show. The vague whitepapers, the snazzy meaningless graphics, the pointless youtube videos under "development," and the lack of technical discussion in the community.

and these technical questions as well:
- how do you prevent blockchain bloat if nodes are sending dust to each other all the time?

- if staking coins are spent to mix/forward txs to recipients, then how can you trust the nodes won't steal coins instead of forwarding them?

- if new addresses are mined to anonymise transactions, then how do you avoid losing transactions due to orphaned blocks?

- alternatively if you wait for the blocks to mature, then how do you avoid long transaction times?


thanks


Devs dont use this much and it seems moderator Coolstorybro is afk... head to the IRC we have 5 devs and 1 is normally or many other knowledgeable people like theoretical and mrgnome or darkproton.... guys in the testing irc are in that irc as well so best way to get answers is head over there.. To be honest i would answer most of those for u but late night and im to drunk..LULZ

Hey buddy, I'll still be your friend.

https://www.youtube.com/watch?v=BJ2f-xQVxCQ

edit:  These seem like good questions?

edit2:  Just took a bath in the rain.

sr. member
Activity: 350
Merit: 250
thank you for the response coolstoryteller, look forward to more info and trying to understand as much as possible about alts

Np anytime my man. Welcome to the community! Also check again as I edited the post to answer all you questions.

Hey CST, which build is the latest for Cloakcoin on Windows?

Hey Korean,

1.9.6 I would post the link here but it's best to use TheDagger's link in the OP. https://bitcointalksearch.org/topic/m.7114657

hero member
Activity: 1030
Merit: 502
★777Coin.com★ Fun BTC Casino!
http://www.youtube.com/watch?v=nIkpZ73GMG4

bill still on cryptos, ( november last year ) it's all history now
he makes important points

he could have a positive impact on CLOAK

worth a try
full member
Activity: 137
Merit: 100
thank you for the response coolstoryteller, look forward to more info and trying to understand as much as possible about alts

Np anytime my man. Welcome to the community! Also check again as I edited the post to answer all you questions.

Hey CST, which build is the latest for Cloakcoin on Windows?
sr. member
Activity: 350
Merit: 250
thank you for the response coolstoryteller, look forward to more info and trying to understand as much as possible about alts

Np anytime my man. Welcome to the community! Also check again as I edited the post to answer all you questions.
member
Activity: 190
Merit: 12
i read somewhere that "at least 2 darkmarkets" are accepting cloak.... which 2 markets, wut are they called ?? Roll Eyes
sr. member
Activity: 462
Merit: 500
Yea lets keep it up CLOAK community has been unstoppable at voting.. lets keep showing our strength

sr. member
Activity: 350
Merit: 250
i'm potentially going to invest in cloak, but can someone address some of these concerns that i've seen on reddit?

1
 -No proof of technical details. The whitepapers are very vague and contain no groundbreaking details. Details that would be potentially groundbreaking, like how PoSA works or how the OneMarket protocol works are glossed over. The FAQ gives half-assed answers.
2
 -The client is nothing more than Bitcoin-QT with integrated API trading. No stealth transaction functionality.
3    
-The dev(s) are completely anonymous.
4
-Users on Bitcointalk have complained about critical posts deleted in the CloakCoin announcement thread
5  
-The PoW stage lasted 7 days, which means the dev(s) could have mined a large portion of the total coins. Some miners reported seeing 20 GH/s on the network immediately. This is effectively a premine dump.
6    
-I can't find much original code in the Github repo. It seems like it's all code copied from Bitcoin-qt and related repos with minor modifications. Certainly no code for the alleged groundbreaking algos in CloakCoin.
7  
-The site is all talk and no show. The vague whitepapers, the snazzy meaningless graphics, the pointless youtube videos under "development," and the lack of technical discussion in the community.
8
and these technical questions as well:
- how do you prevent blockchain bloat if nodes are sending dust to each other all the time?

- if staking coins are spent to mix/forward txs to recipients, then how can you trust the nodes won't steal coins instead of forwarding them?

- if new addresses are mined to anonymise transactions, then how do you avoid losing transactions due to orphaned blocks?

- alternatively if you wait for the blocks to mature, then how do you avoid long transaction times?


thanks


Hey Montreal,

The person who posted this is a FUDpacker and is no doubt one of the competing currency's cultists.
1
-The current whitepaper gives a general overview of the PoSA process. The anon implementation is an extension to the proof-of-stake protocol; Hence why it is called PoSA. If a wallet is open and staking it is contributing to the PoSA protocol. Think of PoSA staking as a similar concept to turning on your tor browser. An in-depth technical whitepaper is on the way.
2
-There is an anonymity protocol in CloakSend 1.0. The developers discovered a unique approach to anon that blew anything they thought of originally out of the water with CloakSend 2.0 (PoSA - Proof-of-Stake Anon)
3
-Yes, the devs are anonymous. This is an anonymous currency. The respect for individual privacy is a core foundation of Cloakcoin. Our holders should have the same respect for privacy that Cloakcoin provides them financially. Besides the most successful crypto currency is from an anonymous developer (Satoshi)
4
-No critical post get deleted. The posts that are erased from the world are ones that don't contribute to the development of a privacy focused cryptocurrency. Fear, Unproven, Doubt (FUD) are baseless accusations made by individuals and sometimes groups of individuals with the sole purpose to discredit/degrade a coin developers efforts; Furthermore, these accusations usually have a financial agenda driving them. The FUDpackers mission is to create a panic sale so that the price of the coin can drop to a level that's affordable for them to enter the market. Healthy criticism is always welcome in the Cloak community and is usually a precursor to technical debate.
5
-The coin was pre-announced and this gave miners plenty of time to point their rigs at mining pools. The was no pre-mine and nobody is paying these developers to develop this currency. If people didn't believe in mining the coin at launch then that's their own fault. Using the coin's development team as scapegoats for their ignorance in making an investment call is piss poor. Short PoW periods are meant to save overall energy costs by moving the coin as quickly as possible into the PoS scheme. The majority of the features of this coin are PoS related so it would make sense that there would be a shorter period vs a longer one so the devs could begin working on the new features.
6
-Of course this is a Bitcoin fork. What you are seeing is the initial commit of the 1st Cloakcoin source release. We are keeping the innovative features closed source for a time to protect the investors of the coin. In this space there are too many copycat operations stealing innovation. The source will be opened in the future and we are currently looking for a qualified candidate to audit PoSA. We will post an independent audit when we have found an acceptable candidate.
7
-I would suggest going through the website and downloading the whitepapers. They are meant for the general public to understand the direction the coin is heading. The OneMarket paper is technical and you're more than welcome to study it so you can get a better idea of what Cloak can offer you as a holder. http://www.cloakcoin.com/onemarket.pdf. As stated in answer 1 a technical paper is coming that will put any of these FUDpackers to rest.

8
The XC PR guy was in here earlier asking similar questions. We are not at liberty to release this information at this time. I would suggest you wait for the technical whitepaper as it will answer your questions and offer an in-depth comparison of the other approaches to anon.

legendary
Activity: 1246
Merit: 1000
ARK Team likes to ban and delete posts in reddit.
sr. member
Activity: 259
Merit: 250
which build of wallet is latest and .....how do you guys secure windows?

Clean install. Don't run shit on it that you're not 100% sure came from a trusted source. 99.9999% of wallet theft comes from running a tainted binary.
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
sr. member
Activity: 462
Merit: 500
i'm potentially going to invest in cloak, but can someone address some of these concerns that i've seen on reddit?


 -No proof of technical details. The whitepapers are very vague and contain no groundbreaking details. Details that would be potentially groundbreaking, like how PoSA works or how the OneMarket protocol works are glossed over. The FAQ gives half-assed answers.

 -The client is nothing more than Bitcoin-QT with integrated API trading. No stealth transaction functionality.
    
-The dev(s) are completely anonymous.
 
-Users on Bitcointalk have complained about critical posts deleted in the CloakCoin announcement thread
    
-The PoW stage lasted 7 days, which means the dev(s) could have mined a large portion of the total coins. Some miners reported seeing 20 GH/s on the network immediately. This is effectively a premine dump.
    
-I can't find much original code in the Github repo. It seems like it's all code copied from Bitcoin-qt and related repos with minor modifications. Certainly no code for the alleged groundbreaking algos in CloakCoin.
  
-The site is all talk and no show. The vague whitepapers, the snazzy meaningless graphics, the pointless youtube videos under "development," and the lack of technical discussion in the community.

and these technical questions as well:
- how do you prevent blockchain bloat if nodes are sending dust to each other all the time?

- if staking coins are spent to mix/forward txs to recipients, then how can you trust the nodes won't steal coins instead of forwarding them?

- if new addresses are mined to anonymise transactions, then how do you avoid losing transactions due to orphaned blocks?

- alternatively if you wait for the blocks to mature, then how do you avoid long transaction times?


thanks


Devs dont use this much and it seems moderator Coolstorybro is afk... head to the IRC we have 5 devs and 1 is normally or many other knowledgeable people like theoretical and mrgnome or darkproton.... guys in the testing irc are in that irc as well so best way to get answers is head over there.. To be honest i would answer most of those for u but late night and im to drunk..LULZ
maybe he should invest in Quebec coin to protect their sovereignty in quebec

legendary
Activity: 1414
Merit: 1001
To weird to live To rare to die
i'm potentially going to invest in cloak, but can someone address some of these concerns that i've seen on reddit?


 -No proof of technical details. The whitepapers are very vague and contain no groundbreaking details. Details that would be potentially groundbreaking, like how PoSA works or how the OneMarket protocol works are glossed over. The FAQ gives half-assed answers.

 -The client is nothing more than Bitcoin-QT with integrated API trading. No stealth transaction functionality.
    
-The dev(s) are completely anonymous.
 
-Users on Bitcointalk have complained about critical posts deleted in the CloakCoin announcement thread
    
-The PoW stage lasted 7 days, which means the dev(s) could have mined a large portion of the total coins. Some miners reported seeing 20 GH/s on the network immediately. This is effectively a premine dump.
    
-I can't find much original code in the Github repo. It seems like it's all code copied from Bitcoin-qt and related repos with minor modifications. Certainly no code for the alleged groundbreaking algos in CloakCoin.
  
-The site is all talk and no show. The vague whitepapers, the snazzy meaningless graphics, the pointless youtube videos under "development," and the lack of technical discussion in the community.

and these technical questions as well:
- how do you prevent blockchain bloat if nodes are sending dust to each other all the time?

- if staking coins are spent to mix/forward txs to recipients, then how can you trust the nodes won't steal coins instead of forwarding them?

- if new addresses are mined to anonymise transactions, then how do you avoid losing transactions due to orphaned blocks?

- alternatively if you wait for the blocks to mature, then how do you avoid long transaction times?


thanks


Devs dont use this much and it seems moderator Coolstorybro is afk... head to the IRC we have 5 devs and 1 is normally or many other knowledgeable people like theoretical and mrgnome or darkproton.... guys in the testing irc are in that irc as well so best way to get answers is head over there.. To be honest i would answer most of those for u but late night and im to drunk..LULZ
maybe he should invest in Quebec coin to protect their sovereignty in quebec
full member
Activity: 137
Merit: 100
which build of wallet is latest and .....how do you guys secure windows?
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