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Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency - page 121. (Read 811072 times)

legendary
Activity: 1696
Merit: 1016
full member
Activity: 154
Merit: 100
Man i wish cloak would go up above 150k again :/


Also a question, 0.5% monthly that means lets say you own 200 cloak:  200/100= 2 / 2 = 1 cloak a month?

correct! only switch on your wallet once a month and wait until the 200 cloak staked. after it is confirmed (after 60 bocks) send your 201 Cloak to another addres in your wallet. wait one month and then you stake 201 Cloak.

stake and repeat!

So is it recommended to send coins to different address every month to maximize staking or should coins be held in a single wallet address and left alone? I don't understand the benefit of moving it around.
newbie
Activity: 35
Merit: 0
hi all,  I only recently came across cloak and became interested in it because of its privacy features.  I want to invest in it because of this.  

In doing some research, I came across this rich list: https://explorer.cloakcoin.com/richlist

This is usually a sign that the transactions on the coin are not kept private.

Can anyone comment on this and explain how this is possible?

Thanks!


It's a great question, and it should be answered by the developers.

Here is my answer:

The Rich List numbers might come from exchanges (since the coin is primarily handled on exchanges presently).

If you install the wallet and stake your coins, you can see that there are options for "cloaking".   It's not like every transaction has to be "cloaked" - this is how I see it.  

Not a very good answer, I know, but I did think you asked a good question and thought I'd take a crack at it.   Too bad so many things are "half baked" in crypto land.



EDIT - I see someone else answered your question also!  haha - didn't see that.    Anyway - that's a good thing!   
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13
hi all,  I only recently came across cloak and became interested in it because of its privacy features.  I want to invest in it because of this.  

In doing some research, I came across this rich list: https://explorer.cloakcoin.com/richlist

This is usually a sign that the transactions on the coin are not kept private.

Can anyone comment on this and explain how this is possible?

Thanks!

Nothing to do with privacy. Just because you have wallet addresses and current balance doesn't mean you can connect them to any particular user.

Your challenge: Find my wallet on that list and tell me where I sent the last transaction and for how much.
legendary
Activity: 1131
Merit: 1001
Man i wish cloak would go up above 150k again :/


Also a question, 0.5% monthly that means lets say you own 200 cloak:  200/100= 2 / 2 = 1 cloak a month?

correct! only switch on your wallet once a month and wait until the 200 cloak staked. after it is confirmed (after 60 bocks) send your 201 Cloak to another addres in your wallet. wait one month and then you stake 201 Cloak.

stake and repeat!
newbie
Activity: 21
Merit: 0
Man i wish cloak would go up above 150k again :/


Also a question, 0.5% monthly that means lets say you own 200 cloak:  200/100= 2 / 2 = 1 cloak a month?
hero member
Activity: 1030
Merit: 502
★777Coin.com★ Fun BTC Casino!
you're both right ...
0.5 % monthly = 6 % annually

same thing    Wink            windows, apple, linux.....no need for special mining equipment.  available to all.   and no masternodes ! which means that the 6 % is available to all investors, not only large investors.  smart, fair incentives.  
love cloak !
sr. member
Activity: 1216
Merit: 333
full member
Activity: 239
Merit: 100
some months back this coin was nearly dead and now it seems a very promising one, hope it keeps going. Good work developer and keep the horse running.


promising for what since dev team take the vacation long time ago?bag holders are the horses actually Cheesy

Actually, now is very good to be a big cloak bagholder.....free btc every month Cheesy
full member
Activity: 226
Merit: 100
some months back this coin was nearly dead and now it seems a very promising one, hope it keeps going. Good work developer and keep the horse running.


promising for what since dev team take the vacation long time ago?bag holders are the horses actually Cheesy
full member
Activity: 239
Merit: 100
i also believe that cloak will rise pretty soon, going open source will at lease double the price imo.
Been a fan of Cloak for over a year now.
It did get pumped a lot and now it seems to have stabled out at a much lower price, so I'm sure that we'll be getting some sort of a pump again soon. If there’s anybody on the fence about buying, I’d advise buying in.

Cloak team will return from the vacation soon and we will se many news and roadmap movements. Cloak coin will rise, Enigma technology is one of the best on market and we have a big space to growth.

you sure about that? they are taking an awfully long time to open-source. and how does an entire team take a vacation simultaneously for an entire month? you would think they'd stagger it. i still have a little bit of cloak but I don't have much faith at this point.

Nice try TheKookster,good luck with this bullshits Grin For a couple of years here i saw a lot like you Cheesy

Cloak is still alive...... with strong network Wink
sr. member
Activity: 504
Merit: 250
i also believe that cloak will rise pretty soon, going open source will at lease double the price imo.
Been a fan of Cloak for over a year now.
It did get pumped a lot and now it seems to have stabled out at a much lower price, so I'm sure that we'll be getting some sort of a pump again soon. If there’s anybody on the fence about buying, I’d advise buying in.

Cloak team will return from the vacation soon and we will se many news and roadmap movements. Cloak coin will rise, Enigma technology is one of the best on market and we have a big space to growth.

you sure about that? they are taking an awfully long time to open-source. and how does an entire team take a vacation simultaneously for an entire month? you would think they'd stagger it. i still have a little bit of cloak but I don't have much faith at this point.
My general rule of thumb is that a coin that gets a huge pump but then gets dumped and stays at a lower price for a while will end up getting a pump about 60ish% of the first one, and then after that it's more or less "dead" until the developers step in and provide some hype or updates. I'm expecting CLOAK to hit that second pump soon and then after that the developers may step in again.
sr. member
Activity: 415
Merit: 287
some months back this coin was nearly dead and now it seems a very promising one, hope it keeps going. Good work developer and keep the horse running.
full member
Activity: 295
Merit: 100
come on cloak make it 0.014 Btc/Cloak
newbie
Activity: 29
Merit: 0
i also believe that cloak will rise pretty soon, going open source will at lease double the price imo.
Been a fan of Cloak for over a year now.
It did get pumped a lot and now it seems to have stabled out at a much lower price, so I'm sure that we'll be getting some sort of a pump again soon. If there’s anybody on the fence about buying, I’d advise buying in.

Cloak team will return from the vacation soon and we will se many news and roadmap movements. Cloak coin will rise, Enigma technology is one of the best on market and we have a big space to growth.

you sure about that? they are taking an awfully long time to open-source. and how does an entire team take a vacation simultaneously for an entire month? you would think they'd stagger it. i still have a little bit of cloak but I don't have much faith at this point.
sr. member
Activity: 403
Merit: 250
i also believe that cloak will rise pretty soon, going open source will at lease double the price imo.
Been a fan of Cloak for over a year now.
It did get pumped a lot and now it seems to have stabled out at a much lower price, so I'm sure that we'll be getting some sort of a pump again soon. If there’s anybody on the fence about buying, I’d advise buying in.

Cloak team will return from the vacation soon and we will se many news and roadmap movements. Cloak coin will rise, Enigma technology is one of the best on market and we have a big space to growth.
sr. member
Activity: 504
Merit: 250
i also believe that cloak will rise pretty soon, going open source will at lease double the price imo.
Been a fan of Cloak for over a year now.
It did get pumped a lot and now it seems to have stabled out at a much lower price, so I'm sure that we'll be getting some sort of a pump again soon. If there’s anybody on the fence about buying, I’d advise buying in.
newbie
Activity: 21
Merit: 0
i also believe that cloak will rise pretty soon, going open source will at lease double the price imo.
Been a fan of Cloak for over a year now.
newbie
Activity: 10
Merit: 0
hi all,  I only recently came across cloak and became interested in it because of its privacy features.  I want to invest in it because of this. 

In doing some research, I came across this rich list: https://explorer.cloakcoin.com/richlist

This is usually a sign that the transactions on the coin are not kept private.

Can anyone comment on this and explain how this is possible?

Thanks!
newbie
Activity: 65
Merit: 0
Hi, is it safe to use wallet file I created 2 years ago with current version? Thanks for reply.

There can be issues.
I myself used my old wallet files with the new wallets and then I transferred the coins to a newly created wallet. I had no problems doing it  this way.

Always keep original wallet.dat backups to be able to have a working one.

Good to know, thanks yogibaer. Will give it a try, but keep one untouched version for backup purposes.
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