going open source is not going to turn this around..this is not the reason for the lack of interest.
other projects are closed and doing well.
This is being held down by someone.
Focus more on develpment funding and governance mechanisms and marketing.
I agree, in principle, with cryptohunter. I think the "open source" thing has gotten out of hand. The original discussion for "open source" was to get CLOAK on Poloniex. I'm sure there is a way to give it to them if that is indeed what is needed to be listed there, and not give it to the rest of the world at the same time. I would request the developers talk to Polo see if they can get a straight answer from them but, Polo will NOT make or break CLOAK, we still need PR and public awareness as well as places to use it. Polo is only one of many exchanges, remember that.
totally agree.
Open the code if we guarantee some benefit, okay.
But to open it without any guarantee I consider too risky.
In crypto, if you want to be taken seriously, you need to be open source.
Monero - open source
Dash - open source
Zcash - open source
Zcoin - open source
NAVcoin - open source
Shadowcash - open source
Bytecoin - open source
PIVX - open source
That's just some of the competition. Notice how I listed anonymous coins and not some others that are heavy on gimmicks and ignore the core fundamentals of being a solid cryptocurrency first and foremost. If you can't exceed what they do then you might as well close the doors and walk away.
It is not always as straight forward as that though... we will never know how much larger or smaller they would have been either by doing vetted analysis of their code by other top devs or even staying closed to all. Also many delayed going open until they dominated and had big clear lead.
Monero - open source - well the copied bytecoin right? so could not close it then
Dash - did not open source properly for a long time until they dominated anon
Zcash - open source - cost them being much larger imho so many clones from day 1
Zcoin - open source - same zcoin classic stealing their thunder
NAVcoin - open source - needs investigation soopy and myself are in discussions due to some of his prior actions.
Shadowcash - open source - not looked into it
Bytecoin - open source - nobody knew about it for months and months over taken by xmr now since they cloned it an had bigger team
PIVX - open source -
Imagine the code vetted by peter todd or some other very respectable developers and given the green light in an article
far more powerful than open sourcing imho.
You seem to be missing the fact that they are all open source and they are the competition. It doesn't matter what the history is, that's the current state and if you can't compete on the core fundamentals of crypto currencies then you might as well not even try. If this was some other type of product, then sure. But it's fundamentally a crypto currency and it's focus needs to be on that in order for it to truly succeed.
I also don't have a clue why anyone would think others would want to clone Cloak before it has a chance to really get itself going again. Oh sure, there will be some that do it and almost all of them will be scams. But people are more interested in cloning Dash because they see dollars signs in the masternodes. Things like ZCash are the flavor of the day for cloning but the tech is far from being truly usable as a crypto currency due to various performance issues as well as the issue of the trusted setup. Its highly doubtful that any clone will make any real technical advances with those ones.
I will say though, that a crypto currency based on Mimblewimble has the potential to beat every anon coin out there. That's based on what I know of it so far and assumes anyone doing a coin based on it doesn't introduce various forms of centralization or require trust. The truly "scary" part for anon coins should be that some core bitcoin developers are looking at it and doing some work with it.
I don't follow your first paragraph.
The history illustrates how these successful projects (well some are) may not have got there unless they had remained closed source until they had a clear lead. Anoncoin was open source at the time and was the competition to xcoin/darkcoin
For example - dash didn't believe it could not compete with anoncoin and perhaps XC. However had they not remained closed source for a period then anoncoin and others would have immediately cloned away any clear advantage dash had at the start. Evan was shrewd to hold it closed until they had a clear lead.
It all depends really on
1. how revolutionary cloaks enigma is
2. how easy it will be for any copy and paste dev to paste it to their project.
3. the clear benefits of going full open source compared to vetted dev review and analysis.
4. the potential risks of your hardwork being used against you by competition.
I can fully see komodo going past zcash - I see also PIVx going past zcoin in fact it has done so mainly on the basis of them being able to trump dashs model by replacing mixing with zcoins tech .
If zcash and zcoin had been vetted but remained closed source to other devs for a longer period of time I suspect they would not be having their own hardwork used by their competition to extract invesment away from them and would have far larger MC's. I know zcoin had a big problem but still.
If dash had gone open source whilst still small they would have had a much tougher time
If bytecoin wasn't open there would be no monero dominating them.
To learn one must often examine historical events and I think history is a very valuable tool.
Of course everyone can have their own opinion.
We will see if going open source makes any immediate difference to the price and how quickly clones start popping up if the tech is found to useful.
It perhaps will make little difference either way.
Better to spend time implementing features people perceive they want right away.
I notice voting and funding mechanisms are very popular.
Cloak to not have pumped much at all during this bull run is strange I find. Although the dev team is not really that vocal and the thread appears quite dead quite a lot of the time.
Either way their mind seems made up to go open source. Perhaps it may work out in some way. If he tech is good and is cloned and used by a larger more active team with a bigger community then I guess cloak will get the credit in their OP hopefully.
BTW polo is great but not required to hit 100M MC as PIVX illustrate same for a few others.
It boils down to is enigma amazing if so it will be cloned by many rather quickly perhaps some large teams too.
If enigma is not amazing open source will have no bearing on it only to reveal it is not amazing and you lose the mystery.
I think if you have something amazing and a huge team with lots of development funding then you can go open source from the start. Has not hurt ETH.