That is the only reason why he still hangs around here, trying to spread ...
Topic: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA - page 562. (Read 1266571 times)
July 14, 2014, 01:03:51 PM
Obviously kitaco has sold his coins and has missed the boat, now he is feeling frustrated because the price isn't going down That is the only reason why he still hangs around here, trying to spread ...
That is the only reason why he still hangs around here, trying to spread ...
July 14, 2014, 01:01:40 PM
Price dropped to 0.00075910 and everyone is selling. Can cloak rise again, what is your oppinion? 
July 14, 2014, 12:55:51 PM
This is quite possibly the worst idea I have ever seen. Congrats. I've tried the same democratic bullshit on the dev teams of other coins and it never works. 1. Nobody wants to work without being paid 2. People come and go, and it sounds like you're appointing people to "jurours" 3. Controlling what others can sell 4. Asking for bribed corruption.
You guys are really just taking the original whole idea, the openness about it, the anonymity (I know that's an oxymoron), the security, and turning it into something absolutely batshit stupid.
Cater to the silkies - the dark web guys, if you want your coin and market to skyrocket. Know the consequences though.
No one is appointing jurors. People are being offered juror spots in exchange for Cloak, so they are not working for free, and no one is appointing them. They can decline, and it is random, so they cannot be bribed.
This is game theory in action, and if this exact thing has been tried before, please tell us where. I think this can work. I cannot know for sure, but I do not see how you can know for sure either.
There just needs to be a clear formula for selecting a jury pool. You'd have to have multiple data points to pull on to make sure you're selecting actual community members and not shills.
July 14, 2014, 12:51:12 PM
kitaco, why dont you try doing something constructive with your life.. or maybe you could just go for a walk (a fucking long one).
The biggest issue here is people have built up an extreme level of expectations. The moment something doesn't go as planned we have these kinds of reactions. Some of the problem is the dev team kinda set themselves up for it. Had they put the original PoSA countdown an extra week out almost none of this drama would be occurring. I think the dev team has learned their lesson. In the future I'd expect they'll not be so aggressive in their deadlines.
As for the list of oh so horrible problems. Pretty much all of it is due to them working exclusively on PoSA. The single focus is causing issues in other areas. But, in a weird kind of way it's a good thing. Hopefully it'll get that feature out the door and then they can circle back and clean up all the other little issues.
The team has promised to release source in the future. Just because it's not happening on some peoples terms is completely irrelevant.
July 14, 2014, 12:46:20 PM
This is quite possibly the worst idea I have ever seen. Congrats. I've tried the same democratic bullshit on the dev teams of other coins and it never works. 1. Nobody wants to work without being paid 2. People come and go, and it sounds like you're appointing people to "jurours" 3. Controlling what others can sell 4. Asking for bribed corruption.
You guys are really just taking the original whole idea, the openness about it, the anonymity (I know that's an oxymoron), the security, and turning it into something absolutely batshit stupid.
Cater to the silkies - the dark web guys, if you want your coin and market to skyrocket. Know the consequences though.
No one is appointing jurors. People are being offered juror spots in exchange for Cloak, so they are not working for free, and no one is appointing them. They can decline, and it is random, so they cannot be bribed.
This is game theory in action, and if this exact thing has been tried before, please tell us where. I think this can work. I cannot know for sure, but I do not see how you can know for sure either.
July 14, 2014, 12:44:10 PM
kitaco, why dont you try doing something constructive with your life.. or maybe you could just go for a walk (a fucking long one).
July 14, 2014, 12:35:48 PM
Why the price is going down?
I dont understand this.
I dont understand this.
What's not to understand. PoSA is still being worked on. Until the world can play with it we're likely to see some slide. But, honestly I'm proud at how well the price has done in light of a challenging situation. The moment PoSA is live and it works as advertised we should see some buying interest come into the market. It could take days though... weeks possibly (for buyers to wake up.. not for PoSA, im sure that'll be ready soon enough).
good time to accumulate. watch the order book closely, that is what is going on. some quiet, shrewd bottom feeding.
You have to ask yourself a simple question in a situation like this. Can I risk it? Do I have the balls of steel to throw the dice on this? No one in this thread has any guarantees how this is going to turn out. But, we do know if everything goes according to plans the bet will payoff. What we bought at the current levels will be sought after by a whole new group of buyers many levels of magnitude bigger than us. I understand what they're attempting with PoSA. It's a really fucking cool idea. I've made my choice. I won't sell a single Cloakcoin until this this huge or back at pennies. Dev.. fuck the price, don't worry about anything but executing.
July 14, 2014, 12:31:41 PM
"This user is currently ignored."
Keep on clicking the ignore button more and more everyday now...
Keep on clicking the ignore button more and more everyday now...
July 14, 2014, 12:25:02 PM
Why the price is going down?
I dont understand this.
I dont understand this.
What's not to understand. PoSA is still being worked on. Until the world can play with it we're likely to see some slide. But, honestly I'm proud at how well the price has done in light of a challenging situation. The moment PoSA is live and it works as advertised we should see some buying interest come into the market. It could take days though... weeks possibly (for buyers to wake up.. not for PoSA, im sure that'll be ready soon enough).
good time to accumulate. watch the order book closely, that is what is going on. some quiet, shrewd bottom feeding.
July 14, 2014, 12:12:09 PM
Why the price is going down?
I dont understand this.
I dont understand this.
What's not to understand. PoSA is still being worked on. Until the world can play with it we're likely to see some slide. But, honestly I'm proud at how well the price has done in light of a challenging situation. The moment PoSA is live and it works as advertised we should see some buying interest come into the market. It could take days though... weeks possibly (for buyers to wake up.. not for PoSA, im sure that'll be ready soon enough).
July 14, 2014, 12:10:14 PM
When is expected one market to be in beta testing ?
I'm waiting for PoSA testing to complete, so for now I'm working on the UI. Once PoSA testing is complete, I will be building on top of that, so I can give some time estimates after that point. If it makes anyone feel better this project requires the following technical skills.
- Database Writing
- Resource Locking via Threads
- C++
This does not have to be a difficult project. The hardest part will be the P2P part of it and the insertions into the block chain, but since I'm working on the back of PosA and the existing P2P network its my hope this will not be too difficult to do.
I will of course update, and if I do get stuck on something, I'll find a way to solve it no matter what ... even if I need to enlist help. So we'll get there. I want to see OneMarket become a reality no matter what!
Back to coding for now.
July 14, 2014, 12:00:28 PM
Why the price is going down?
I dont understand this.
I dont understand this.
July 14, 2014, 11:54:30 AM
Thanks for the explanation X11Joe. This makes me have 101% faith in this project again 
July 14, 2014, 11:50:24 AM
I just want to clear up some confusion about the 'guidelines'. In reality there is no way for a decentralized e-commerce system to 100% enforce any guidelines.
I merely want to give posters some guidelines about what will 'most likely be accepted'. I have no idea what the free market will decide is okay or not until we release this.
I do believe that people are more good than bad.
This is why I invented OneJury. By using this system, a reviewer is incentivized to take the correct action that he thinks his fellow reviewers will take. The image from the white paper best explains how this works.
For example, lets say someone does make an assassination posting. This listing will appear in the review area for random OneMarket users. They can choose to take the risk of reviewing it before doing so by reading information on the post. If they are confident that others will vote in the way they do then they can put a risk deposit down. If their vote matches the majority vote of the others then they get their reward in the form of the transaction fee (that is split 11 ways to the 11 reviewers) paid by the listee. If they fail to match the majority vote, then the money goes to the reviewers who did review in the the majority favor and they will think twice before taking a gamble on risky listings in the future.
Is is possible however, that 11 jurors could in theory let a posting go through like this but its highly unlikely as they will not financially benefit from doing so.
Chances are they will see assassination and all vote it down OR they just won't even attempt voting on it at all for fear of losing their risk deposit, thus the listing will never get posted.
Just wanted to make that more clear.
I merely want to give posters some guidelines about what will 'most likely be accepted'. I have no idea what the free market will decide is okay or not until we release this.
I do believe that people are more good than bad.
This is why I invented OneJury. By using this system, a reviewer is incentivized to take the correct action that he thinks his fellow reviewers will take. The image from the white paper best explains how this works.
For example, lets say someone does make an assassination posting. This listing will appear in the review area for random OneMarket users. They can choose to take the risk of reviewing it before doing so by reading information on the post. If they are confident that others will vote in the way they do then they can put a risk deposit down. If their vote matches the majority vote of the others then they get their reward in the form of the transaction fee (that is split 11 ways to the 11 reviewers) paid by the listee. If they fail to match the majority vote, then the money goes to the reviewers who did review in the the majority favor and they will think twice before taking a gamble on risky listings in the future.
Is is possible however, that 11 jurors could in theory let a posting go through like this but its highly unlikely as they will not financially benefit from doing so.
Chances are they will see assassination and all vote it down OR they just won't even attempt voting on it at all for fear of losing their risk deposit, thus the listing will never get posted.
Just wanted to make that more clear.
You may really have something here. I like that game theory is involved every step of the way.
amazing...
July 14, 2014, 11:48:47 AM
I just want to clear up some confusion about the 'guidelines'. In reality there is no way for a decentralized e-commerce system to 100% enforce any guidelines.
I merely want to give posters some guidelines about what will 'most likely be accepted'. I have no idea what the free market will decide is okay or not until we release this.
I do believe that people are more good than bad.
This is why I invented OneJury. By using this system, a reviewer is incentivized to take the correct action that he thinks his fellow reviewers will take. The image from the white paper best explains how this works.
For example, lets say someone does make an assassination posting. This listing will appear in the review area for random OneMarket users. They can choose to take the risk of reviewing it before doing so by reading information on the post. If they are confident that others will vote in the way they do then they can put a risk deposit down. If their vote matches the majority vote of the others then they get their reward in the form of the transaction fee (that is split 11 ways to the 11 reviewers) paid by the listee. If they fail to match the majority vote, then the money goes to the reviewers who did review in the the majority favor and they will think twice before taking a gamble on risky listings in the future.
Is is possible however, that 11 jurors could in theory let a posting go through like this but its highly unlikely as they will not financially benefit from doing so.
Chances are they will see assassination and all vote it down OR they just won't even attempt voting on it at all for fear of losing their risk deposit, thus the listing will never get posted.
Just wanted to make that more clear.
I merely want to give posters some guidelines about what will 'most likely be accepted'. I have no idea what the free market will decide is okay or not until we release this.
I do believe that people are more good than bad.
This is why I invented OneJury. By using this system, a reviewer is incentivized to take the correct action that he thinks his fellow reviewers will take. The image from the white paper best explains how this works.
For example, lets say someone does make an assassination posting. This listing will appear in the review area for random OneMarket users. They can choose to take the risk of reviewing it before doing so by reading information on the post. If they are confident that others will vote in the way they do then they can put a risk deposit down. If their vote matches the majority vote of the others then they get their reward in the form of the transaction fee (that is split 11 ways to the 11 reviewers) paid by the listee. If they fail to match the majority vote, then the money goes to the reviewers who did review in the the majority favor and they will think twice before taking a gamble on risky listings in the future.
Is is possible however, that 11 jurors could in theory let a posting go through like this but its highly unlikely as they will not financially benefit from doing so.
Chances are they will see assassination and all vote it down OR they just won't even attempt voting on it at all for fear of losing their risk deposit, thus the listing will never get posted.
Just wanted to make that more clear.
You may really have something here. I like that game theory is involved every step of the way.
July 14, 2014, 11:44:20 AM
L8 Team have been busy today! I'm proud to introduce our new Cloak game, The Cloakroom
First up, I'll say this right off the bat -- this is a chain game. If you regard ALL chain games as scams, then you are not going to feel any differently about this one! However, there is no trickery involved.
You sponsor an item for a given price. When someone else takes over that item's sponsorship, you get your original sponsorship amount back plus a profit.
If an item is not re-sponsored in a given time frame, you lose -- but in this sad event, you still get back a consolation prize equal to a given percentage of your original stake.
Come and play at The Cloakroom!
As previously posted, we also have classic Roulette, Blackjack, Video Poker and Dice available at Cloak Casino
First up, I'll say this right off the bat -- this is a chain game. If you regard ALL chain games as scams, then you are not going to feel any differently about this one! However, there is no trickery involved.
You sponsor an item for a given price. When someone else takes over that item's sponsorship, you get your original sponsorship amount back plus a profit.
If an item is not re-sponsored in a given time frame, you lose -- but in this sad event, you still get back a consolation prize equal to a given percentage of your original stake.
- Captcha is implemented to prevent bot play
- Optional email notifications
- Great support
Come and play at The Cloakroom!
As previously posted, we also have classic Roulette, Blackjack, Video Poker and Dice available at Cloak Casino
July 14, 2014, 11:43:21 AM
When is expected one market to be in beta testing ?
July 14, 2014, 11:38:51 AM
I just want to clear up some confusion about the 'guidelines'. In reality there is no way for a decentralized e-commerce system to 100% enforce any guidelines.
I merely want to give posters some guidelines about what will 'most likely be accepted'. I have no idea what the free market will decide is okay or not until we release this.
I do believe that people are more good than bad.
This is why I invented OneJury. By using this system, a reviewer is incentivized to take the correct action that he thinks his fellow reviewers will take. The image from the white paper best explains how this works.
For example, lets say someone does make an assassination posting. This listing will appear in the review area for random OneMarket users. They can choose to take the risk of reviewing it before doing so by reading information on the post. If they are confident that others will vote in the way they do then they can put a risk deposit down. If their vote matches the majority vote of the others then they get their reward in the form of the transaction fee (that is split 11 ways to the 11 reviewers) paid by the listee. If they fail to match the majority vote, then the money goes to the reviewers who did review in the the majority favor and they will think twice before taking a gamble on risky listings in the future.
Is is possible however, that 11 jurors could in theory let a posting go through like this but its highly unlikely as they will not financially benefit from doing so.
Chances are they will see assassination and all vote it down OR they just won't even attempt voting on it at all for fear of losing their risk deposit, thus the listing will never get posted.
Just wanted to make that more clear.
I merely want to give posters some guidelines about what will 'most likely be accepted'. I have no idea what the free market will decide is okay or not until we release this.
I do believe that people are more good than bad.
This is why I invented OneJury. By using this system, a reviewer is incentivized to take the correct action that he thinks his fellow reviewers will take. The image from the white paper best explains how this works.
For example, lets say someone does make an assassination posting. This listing will appear in the review area for random OneMarket users. They can choose to take the risk of reviewing it before doing so by reading information on the post. If they are confident that others will vote in the way they do then they can put a risk deposit down. If their vote matches the majority vote of the others then they get their reward in the form of the transaction fee (that is split 11 ways to the 11 reviewers) paid by the listee. If they fail to match the majority vote, then the money goes to the reviewers who did review in the the majority favor and they will think twice before taking a gamble on risky listings in the future.
Is is possible however, that 11 jurors could in theory let a posting go through like this but its highly unlikely as they will not financially benefit from doing so.
Chances are they will see assassination and all vote it down OR they just won't even attempt voting on it at all for fear of losing their risk deposit, thus the listing will never get posted.
Just wanted to make that more clear.
You Sir are a hero.
July 14, 2014, 11:34:39 AM
I just want to clear up some confusion about the 'guidelines'. In reality there is no way for a decentralized e-commerce system to 100% enforce any guidelines.
Hey Joe,
That's sounds like a fair concept. Btw, I love the 11 jurors for x11joe xD
July 14, 2014, 11:33:04 AM
Eaten... look at Craigslist. At one point was easily the biggest single point of online prostitution ads. Is the creator/operator in jail? No. Is Craigslist still operating? Yes. Stolen goods get sold on craigslist all the time.. does that mean that craigslist needs to be shut down? Because someone could also make the argument that Craigslist is one of the largest hubs for the sale of stolen goods.
Does a swap meet organizer become a criminal because someone there is selling a stolen camera? Not to my knowledge.
OneMarket creators aren't specifically customizing anything to facilitate illegal activity as far as I can see. They're creating a marketplace that is regulated by its users and AFAIK there isn't a law that makes that illegal. If someone sells something illegal on the market place they technically would be breaking the law and be liable; However, the use of anonymous transactions, stealth addresses and the decentralized nature of the ecosystem makes it near bulletproof. What we are looking at is a paradigm shift in how the world will look at commerce for the next 100 years. I could see OneMarket changing the way governments look at regulation and taxation. If they can't stop something from happening they could move towards decriminalization and then to legalization. Portugal is a perfect example - they decriminalized all drugs and their drug use and addiction rates have dropped.
Those are excellent counterexamples, thank you.
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