Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency - page 191. (Read 810836 times)

Which model of funding will be chosen is very important!
1. Collecting fund through ICO is popular only when you presenting something new where there is much room for speculations and high expectations no matter if they are not realistic. If you planing to collect greater sums you must invest in marketing.
2. Collecting trought fee i much more efficient and fair, maybe it is not so popural at the moment but it is nice steady income.
3. Swapping is also very time consuming and very hard job.
I wouldn't recommend this, especially now when you already invested in PR and promoted CLOAK.
4. Forget donations..

I totally agree on this. I think the community needs to understand that this is after all a community project and not a company that generates income. All ppl involved in the team have bought into Cloak some time back and have the incentive to make the price soar, like everybody else in the community. The only difference is that the Cloak Team has spent their own hard cash to bring Cloak to the point it is today. Without this initiative Cloak would not exist today.
Everybody here wants Cloak to be successful and prays for a big increase in price but this willl not happen by itself. We need to think what is required to bring this advanced and execellent system, and I think we all agree on that, to into the spotlight of main street.
The most crucial point is funding! No proper funding, no development, no marketing, no PR, no presence in the market. In the real world all these things cost money.
The crypto world is changing and is on its way to become a recognised financial market with ppl from the old money world flocking in to get a piece of the pie. This is already the case today and projects are being developed by real financial pros. We need to say Good Bye to the good old shoe string times and need to readjust to survive in this new world.
Watching Cloak for almost 2 years now and holding sustantial amounts of Cloak myself this is what I believe should be considered as a marching plan:

*** Rebrand Cloak  (Cloak and Dagger is out with governments get started on cracking down on anons, Coin is out as the market has shifted to broader visions)
*** OS
*** Prepare for an ICO with burning Cloaks 1 on 1 for the new currency to ensure all current holders participate in the lift off
*** Use a professional ICO consultant to guide the team through the process, open doors to investors and place new system right away on major exchanges
*** Carry forward  the current code base and add what might be useful as the foundation for new development
*** Introduce a Community Foundation
*** Use the ICO proceedings as capital for this Foundation
*** Introduce a "Maintenance Fee" to make the funding sustainable for the long run
*** Introduce a PoS Voting system and a governance model to allow the community to steer the course of the new system
*** Define a clear and simple mission statement and a vision of which planet the new system wants to land on
*** Work all this  into a clean project managment system with a rough time line
*** Do all these things above in a transparent, public fashion in plain public view and with the PR effort....

Voila, just fasten your seat belts....

from where? lol

i buy 100 btc worth tomorrow

TRUE

I almost believe the rocket finally shot off
looks like I will have too wait a bit longer for that...

First, drop the word "tax" if you want this to go anywhere, it is abhorrent and smells of centralization. Call it a "maintenance fee" and you might get more supporters, myself included. However, I still think an ICO would raise real money and allow the project to ramp up quickly while it is still somewhat unique and hasn't been overlooked as just another anon coin.

Perhaps the different ideas presented here could be brought to a vote in the not too distant future?

 

Hey guys,

what's up everyone. I had bought cloak years ago and ride the cloak train with Mr. Bob and eventually lost a lot of money.

Nowadays i try to be more carefull. I see that this coin is (still) alive. Are there any new things coming up so we can see Cloak within the top 100 any time soon?

And can someone explain to me how the anonimity is compared to other anon coins like dash, monero, zcash, nav coin?

Thanks!

A tax (from the staking users' 6%) or an additional amount (on top of the 6%) generated by the network for development funding?

Exactly, that's absolutely real point of view, I think the same.

Just implement the tax system dash and pivX are doing ok and bitbay are considering it.

How can being taxed piss anyone off. You pay a tiny % in block tax and see a large % increase in your overall value of holdings due to developers keeping pace or rising above other leading projects dev teams.

People who object to the tax are free to dump to stronger hands who see the need of a well funded and motivated dev team.

Of course full ledger and voting system would be nice to direct funds where community sees need most.

I no longer even look at coins where there is no funding and the dev is selling what few coins he had at the start to live. His motivation shrinks daily to continue the project. Tax supplies constant source of funding.

So what is the best way for funding developers team?
 I agree if team doesn't have some steady income - share or something, they won't be motivated.
Donations are not good, for business i saw it many times, very small percentage of people will left you something in wallet.
Collecting funds and giving a shares maybe have some logic?

Approaching psychological Feathercoin barrier.

First in line, of the old guard.

@wizardee -

DASH was not built upon mandatory taxes. It was built upon a PoW premine, then changed with masternodes. Voluntary masternodes. Not mandatory taxes. Centralized masternodes which get a cut. The miners get a cut. All voluntary. And the DASH Core folks also get a cut to fund more projects, like soda machines.

I am not misinformed. Most coins have processing fees which go to the nodes. In Cloakcoin, we are the nodes and the miners, so to speak.

I am not certain how much if any of the transaction fees the Cloakcoin Core Team receives, but maybe they should work one in. Maybe stakers can vote on it. One Cloakcoin, one vote. The winning Cloakcoin plan takes the whole pot after it reaches a certain level, as defined by them.

There are voluntary ways to help Cloak grow. But there needs to be incentives to do so.

You can have a Cloakcoin Lotto. 50% percent to the Team and 50% to the winner. Have an imagination.

Use Blockpay. Buy something with your CLOAK. Vendors are available. Keep things positive and upbeat.

And the community does not make a coin. Car clubs do not ensure that a car company will survive. They are -- we are -- peanuts, my friend.

Buyers, traders and users ensure the success of the product. Not ICO's and taxes. Not Cryptosphere money grabs.

This coin is already off the ground. It does not need a giant cash injection.

Involuntary taxes, fees, ICO's and premines just piss people off.

CLOAK will soar on its own merits or it will stagnate.

IMO.

BTC, LTC, Monero and so on has big community wich support them not to compare to cloak community what do nothing for cloak

The dev of cloak not  starving already only cause team paid hundreds of btcs from own pocket so you are miss informed my friend.

DASH is good example that taxes works.

cloak to 0.002 btc price buy now or cry later

@wizardee,

You should read your history. Cloakcoin virtually died and was taken over by a new team, that's why it has been slow off the mark.

Bitcoin, Litecoin, Monero, Aeon etc., had zero ICO's and zero premines (taxes). Aside from Aeon, all are doing well.

The Dev's don't need to live off of the coin taxes, else they'd be starving already.

DASH had a premine, but the masternode sharing of transaction fees wealth-concept has, thus far, worked for them.

Cloakcoin has the same thing, but no requirement that one holds a 1000 coins off to the side.

And spare me the BS. If you can't give some rational analysis, go pump some Bond Coin http://www.blockchainyield.com/, they might need some help.

That would cool. There, on polo, pumping standards are much more higher than on bittrex. Everyone is used to seeing 10-20K btc in daily turnover for shitcoins like dgb or steem so there's a high possibility cloak would ramp up like a hot cookie if it got there. If polo had a fixed fee so as to warrant the addition, I would surely donate to make listing happen.

....
Skip the ICO's and taxes.....


I think you don't get the main issue in cloak project.

The main issue is funds for developer/s.

How should rzr or new developers what will help him live? should they eat cloaks? and pay they bills with cloaks?


and all this talks about trust is BS imo, the new cloak developers showing trust since 3 years and nobody cares about see latest donations status...

It would be nice and, we are all working toward that end but, please don't post conjecture as facts.