Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency - page 171. (Read 810899 times)

1 usd is nothing bro

CloakCoin CloakCoin (CLOAK)
$1.02 (74.37%) Market Cap
$5,073,706
2,484 BTC
Volume (24h)
$67,858
33.22 BTC
Circulating Supply
4,995,723 CLOAK
 

Yep

Cloak about to hit $1 again, but hey that's just the start

In crypto, doing nothing is a risk and doing anything is a risk. There is no profit without risk. Time, situation and present state of the industry do more to make or break a coin than any technical improvement or lack thereof. Throw it to the wind and lets see where it lands and market, market, market while it's flying.

me too.....nice to see some volume !   CRANK IT !

https://www.youtube.com/watch?v=3PZjy0E6WYo

price is nothing important to discuss... but cloak will success or not after open source we need to think about that

Yes, although sometimes we know certain thing will not happen to the price.

@cryptohunter and @Viper1,you guys doing great job with this debate in cloak thread

@viper1

It seems we are doing a good job of debating this move although...

It seems pointless to discuss it further here because cloak already decided to go full open source. It could be the correct way forward but I think still if enigma is exciting and that it has really be 2 years hard work then it is a risky way with unproven benefits.

Just to take some of your points and I debate them more deeply with you further. I am in red.


1.The thing about history, is that we can often use it to justify our point of view but it doesn't mean it's true. I don't view the history of those coins in the same way. While true that history can teach us some lessons, experience typically trumps that.
It does not mean it is not true though and experience to me is based upon historical events.

2.Anyone that is going to clone a coin in order to become the #1 crypto currency is going to pick the best one. All of them have plenty of flaws so it would almost be a waste of money at this point. So really, anyone cloning some other coin isn't going to be doing it to be the #1 crypto currency, they're going to be doing it for the money making opportunity and will be short lived.
XMR / bytecoin is a rebuttal of the above statement when coupled with your statements about xmr and monero team below

3.Monero. I don't view them as killing of Bytecoin because of it having been open source. Like you said, no one knew about it. They simply didn't have a team behind them that could make it a success. They could have been closed source for a year or two and it wouldn't have mattered. Monero still could have come along and taken over. It's been awhile now so I can't remember but I vaguely remember some sort of controversy or something regarding Bytecoin as well. Boolberry came out at the same time and for awhile was giving Monero a run for their money. It was competing marketcap wise, people were all over the forum hyping it. But where are they now. At the end of the day Monero won purely I believe on the quality of their devs. I've had some in depth technical conversations with them and they know their stuff inside and out and they are dedicated to crypto currency first and foremost. That alone is enough to build a strong community around the coin and instill confidence and loyalty in everyone involved.
If bytecoin had remained closed source and vetted appraisal only then XMR would not exist. Also this paragraph seems to conflict with your earlier statement that anyone cloning some other coin is only doing it for money and will be short lived.

4.I had mentioned experience above. Years ago i worked for a multi billion dollar company who's products are used around the world. While there, I worked with a product manager who was extremely successful at what he did. He would look at competitors products and pick out ones he believed the company could sell and that he could design to be better. And that's exactly what he did multiple times. They were essentially "clones". The tech wasn't superior over all, some aspects were better and some worse. Marketing was on par, sometimes less, sometimes a bit more. Distribution was on par, sometimes worse, sometimes better. But he had a knack for knowing just how to design his versions of the products so they were a far better user experience. Small things were better then in the competitors. Some things were completely done away with (that consumers believed they needed) and replaced but that led to a more enjoyable experience. In every instance his products ended up becoming #1 with the most market share even against companies that had been #1 for years. In his most successful product, we went up against a company probably 50+ times as big. Their distribution was far superior. They could dump far more into marketing. But the product was superior and became #1 and still is to this day. So it doesn't matter if some coin is established or not or how they achieved it. If someone wants to topple them, they can do it with a superior product. That's what experience has taught me and why I say that the history of those coins doesn't matter.

As you mentioned history is not justification of the future. Especially when these things are not even in the same arena as crypto. I would say history thus experience is best taken from the same arena if you wish to use it to predict.

5 Now here's the thing. Even if Enigma is some sort of revolutionary tech, it doesn't matter because all the user is concerned about is anonymity which they can get in multiple coins. Enigma will only be a real benefit if it provides some other technical benefits. Mimblewimble (assuming flaws aren't found) is revolutionary in it's simplicity and it provides some technical benefits (there are some flaws though). But as I said, it doesn't really matter because they're all just anonymity and in the end it's the user experience that will be more important.

Okay after reading a few times this paragraph... I think you are saying the user will not care if the anonymity is revolutionary tech? I am not sure that is correct. Even so  the investor will indeed care if it is revolutionary anon tech and are told this by other acclaimed developers. If peter todd or one of the other very vocal and proven developers declared enigma as revolutionary anon tech then the investors would take that under serious consideration. Mimblewimble sounds interesting too.

6.At this point, Cloak has been close source since day 1, something like 3 years now. New team has been working on things for roughly a couple years. If all that time has not been enough for it to have a good following of supporters and "establish" it, then nothing will. Success isn't going to be had by trying to hide things away which means you'll always be viewed as being on the fringe and not a serious crypto currency. It's only going to really have a chance to succeed if it gets out from under it's rock and competes head to head with the leaders.

I have not followed closely but I can see from this thread and the MC that sadly cloak has not got a good following of supporters if put into context here against other large success communities. I think mostly from the problems in the past people have been discouraged here. However this could indeed by reversed by a couple of glowing articles from other developers and as you say implementing other useful and desirable tech that investors want to see. I don't think remaining closed to enable cloak to reach a large enough project that is taken very seriously now that they have a coder and things have only just started to progress will cause them to become a pariah anymore than dash was until they released their source code.

7.Anyway, you're absolutely right with at least one thing though. We each have our opinions and only time will tell lol.
That is partly right... we have our own opinions. Time though sadly will not reveal which would have been the better route since we are going open source so the other approach will not be up for compare.

I am enjoying the discussion on the reasoning behind going full open source. I am glad someone is voicing their reasoning for being pro open source.
Perhaps after several postings it will possible to lay both sides of the debate for in depth analysis by all of the community.

There may as yet be more for and against points that we have not even touched on.

Nobody knows what will happen with the price, you too.

i talk shits? is this words are shits? CLOAK 10 usd in 1 month?

Yes,Calmly and patiently will arrive and will be stable 

You talk shits, almost always

i always talk about truth i am big supporter of cloak coin

Most dumbheads live in cities because they had to leave their villages.

here is only a one village dumb and troll -> thats you

LBX you are talking like trolling and FUD

I work hard to bring investors I do not stop

Let's do the best FOR CLOAK
More is coming


Bitcoin
1H3TWYP6G6Z1KNXjYjLMMqhXW3utHHucYu
Cloak
C4YNASYwNCkCQQmTRWRrKGTufL4om5sBFm

Better to buy now.