first of all, there are apparently 4 devs.
i would assume they took steps to have a redundant system beyond their individual node choices.
that assuming what you presume is correct. as mentioned in the white paper vital details were omitted to deteur attempts to clone the system.
Topic: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA - page 913. (Read 1266574 times)
June 08, 2014, 11:34:44 PM
June 08, 2014, 11:31:53 PM
So, after reading the whitepaper I realize that the anonymity of this coin is solely in the hands of the developer. Not only that, but the traffic of every transaction goes through a machine the developer owns. Someone please correct me if I'm wrong.
Real question: Who cares? Its safer than stupid masternodesWell, I care. Putting all my trust in a person I don't know who has no accountability kind of seems like a big deal. I like the idea of the coin, but I don't think I can trust a network when all traffic is directed towards one person or group. Forget anonymity, it's just the idea of the coins making a pit stop through some centralized machine that bugs me.
If anyone has a real answer to my original thought it would be appreciated. Thanks.
June 08, 2014, 11:19:30 PM
I would rather anon be in the Dev's hands than a bunch of people who may or may not know the proper security that it takes to set up and maintain a masternode
June 08, 2014, 11:15:20 PM
So, after reading the whitepaper I realize that the anonymity of this coin is solely in the hands of the developer. Not only that, but the traffic of every transaction goes through a machine the developer owns. Someone please correct me if I'm wrong.
Real question: Who cares? Its safer than stupid masternodes June 08, 2014, 11:07:30 PM
So, after reading the whitepaper I realize that the anonymity of this coin is solely in the hands of the developer. Not only that, but the traffic of every transaction goes through a machine the developer owns. Someone please correct me if I'm wrong.
June 08, 2014, 11:05:15 PM
Dedicated pool is starting to loose chunks of time without any block reward.. 10-15 mins at a time when their luck shound be nowhere near that rate once a week let alone multiple times a day.
supernova had this issue at the start of PoW, what pools have you all found to be most consistent with at least a 4-5 blocks an hour?
supernova had this issue at the start of PoW, what pools have you all found to be most consistent with at least a 4-5 blocks an hour?
sometime,s pools can have bad luck like it can sometime,s take 2.5 hours to find a bitcoin block
lets just say i like to go with my intuition in these cases.
if someone can recommend some good honest pools it would save me the legwork.
June 08, 2014, 10:41:39 PM
Dedicated pool is starting to loose chunks of time without any block reward.. 10-15 mins at a time when their luck shound be nowhere near that rate once a week let alone multiple times a day.
supernova had this issue at the start of PoW, what pools have you all found to be most consistent with at least a 4-5 blocks an hour?
supernova had this issue at the start of PoW, what pools have you all found to be most consistent with at least a 4-5 blocks an hour?
sometime,s pools can have bad luck like it can sometime,s take 2.5 hours to find a bitcoin block
June 08, 2014, 10:32:05 PM
Dedicated pool is starting to loose chunks of time without any block reward.. 10-15 mins at a time when their luck shound be nowhere near that rate once a week let alone multiple times a day.
supernova had this issue at the start of PoW, what pools have you all found to be most consistent with at least a 4-5 blocks an hour?
supernova had this issue at the start of PoW, what pools have you all found to be most consistent with at least a 4-5 blocks an hour?
June 08, 2014, 10:09:43 PM
This coin is doing very well. Even when it's only trading on 1 exchange. When will other top exchanges realize this coin is BOSS?
June 08, 2014, 09:44:44 PM
Damn...went right through that wall.
2 btc aint a wall
and some one buying 2 btc worth has more as that 2 small btc lol )
2 btc can easily act as wall when all the orders around it are 0.01, 0.03, 0.05, etc. A well placed 2 btc order can easily stop a bullish coin.
Quote
and some one buying 2 btc worth has more as that 2 small btc lol
This doesn't make any sense. It's not even a sentence.
some one that invests 2 btc ( will have way more btc to play whit ) on a coin like this
ia no one will go all in on a new coin
June 08, 2014, 09:38:44 PM
I could be wrong, no guarantees here
Why even speculate about who owns the top wallets if you have no proof? I have only seen this tactic used in a very negative way.
I do have a proof, its called blockchain. its just a disclaimer.
look at top 10 wallets and look at transactions to determine your own thought
EDIT: its not like i'm spreading fud by claiming some whale is dumping. I'm just trying to identify Bittrex wallets.
As long as theres no finger pointing I guess you're right. I'm happy that all the wallets look pretty small compared to pretty much every other rich list in crypto. Looks like there is a great distribution and the top wallets don't seem to be selling.
IMHO its important to identify exchange hot and cold wallets.
you can predict incoming dump when hot wallets suddenly gets lot of deposits.
something I learned from coinass.com, site that track exactly that to predict incoming pump/dump on BTC
June 08, 2014, 09:31:51 PM
I could be wrong, no guarantees here
Why even speculate about who owns the top wallets if you have no proof? I have only seen this tactic used in a very negative way.
I do have a proof, its called blockchain. its just a disclaimer.
look at top 10 wallets and look at transactions to determine your own thought
EDIT: its not like i'm spreading fud by claiming some whale is dumping. I'm just trying to identify Bittrex wallets.
As long as theres no finger pointing I guess you're right. I'm happy that all the wallets look pretty small compared to pretty much every other rich list in crypto. Looks like there is a great distribution and the top wallets don't seem to be selling.
June 08, 2014, 09:28:25 PM
Damn...went right through that wall.
2 btc aint a wall
and some one buying 2 btc worth has more as that 2 small btc lol )
2 btc can easily act as wall when all the orders around it are 0.01, 0.03, 0.05, etc. A well placed 2 btc order can easily stop a bullish coin.
Quote
and some one buying 2 btc worth has more as that 2 small btc lol
This doesn't make any sense. It's not even a sentence.
June 08, 2014, 09:21:43 PM
I could be wrong, no guarantees here
Why even speculate about who owns the top wallets if you have no proof? I have only seen this tactic used in a very negative way.
I do have a proof, its called blockchain. its just a disclaimer.
look at top 10 wallets and look at transactions to determine your own thought
EDIT: its not like i'm spreading fud by claiming some whale is dumping. I'm just trying to identify Bittrex wallets.
June 08, 2014, 09:16:44 PM
who dump this?
June 08, 2014, 09:16:08 PM
I could be wrong, no guarantees here
Why even speculate about who owns the top wallets if you have no proof? I have only seen this tactic used in a very negative way.
June 08, 2014, 09:12:58 PM
Damn...went right through that wall.
2 btc aint a wall
and some one buying 2 btc worth has more as that 2 small btc lol )
June 08, 2014, 08:58:17 PM
Most of the wallets in the top 10 are Bittrex.
Not really, so far I have been able to identify three big wallets that seems to be Bittrex's
I could be wrong, no guarantees here
#1 - CDynnGbivzSofY1d9M8XAfuGfyTWXiEK4x
#4 - CFQGkDGus87g9tspAf35Pa155xYihyuas5
# 13 - CAZsBgFFZhgkFDjbq9sThwYUbrSP8BknPn
June 08, 2014, 08:58:04 PM
Damn...went right through that wall.
June 08, 2014, 08:46:37 PM
This may be the last chance to get more under 20k.
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