Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency - page 194. (Read 811072 times)

There was nothing special to say about the chart. Status is waiting for the next rally stage.

yogibear will send chart here when price much high increasing hahahahhahahaha and he just guess

This is true but devs have to live meantime. They deplete their stash of cloak to live on and as time passes their incentive to work for cloak depletes or they starve to death.

Block tax is very successful with small super block at the start to get things going if they need funds now.

You don't have funding and your team is small or works part time say goodbye to your coin as bigger teams with more time outcode/out design and out market you.

I only have a tiny amount of cloak so I am not too worried what cloak does but i am pushing for the same thing on a couple of coins I do have a lot more of because they are lacking in the same areas as cloak

Well, the point of an ICO is to provide funds for them to develope and grow the coin. That way, the "Devs" will get paid.
 

The Dev's get paid if the coin succeeds.

ICO's and taxes are not necessary, IMO.

Yes, that was something else that cropped up in the funding discussions. Move the project to a new code base (porting Enigma and CloakShield) and new chain and burning Cloak in exchange for the new Cloak coins. The coins could all be pre-generated and exchanged directly for Cloak. In terms of an ICO, extra coins could be generated at the same time and sold off during the ICO to raise funding. Moving to a new code base would ensure everything is up to date and most likely allow us to get a few new features for free. If we're going to change the PoS algo, block/transaction format (for better privacy) it would make sense to do that during the refresh so we don't have to carry code to deal with the previous blockchain format, which would keep things nice and lean. Personally, I think this is my favoured option. There are outfits who would manage the ICO and take care of things such as exchange listing. Not sure if that would get us onto Poloniex, but it would be worth some investigation. The funding from an ICO could enable us to do some really great stuff imho.

For sustained funding for the future, it would make sense for the network to generate funding for a Cloak Foundation during the mining process, which could be used to fund the project for the future long-term. Once a governance system is in place, the Cloak community can decide how that funding is spent, on what features it's spent and also have some control over the level of foundation funding. I think it's critical to get the fundamentals for the future hashed out as soon as possible. Funding also greatly affects the roadmap for Cloak. With more funding, there are more resources and we can be a lot more ambitious with our plans.

Any interest in an ICO to fund development?

Please: no tax, no ICO. Just let the Dev's do their stuff. Let the dogs (us) eat.

That way the Dev's will get paid. Thus far, I see a great job.

A PoS coin that is private. Shadowcash and Dash are dying. Peercoin and Blackcoin are "has been" and not private.

Let the Dev's focus on one thing: a great coin. Invest to mint, rather that buy hardware and toss in a month or two.

I see a mega-shift happening here. From PoW to PoS. From "pubic" to "private." Cloakcoin has both.

Where will the smart money go?

One request: please -- nobody get excited for another week or two. That way I can buy cheap.

yogibear will send chart here when price much high increasing hahahahhahahaha and he just guess

Any interest in an ICO to fund development?

Hey, yogibaer, i miss your great Cloak charts! What happens with you? And what happens with Cloak promotion, why all was stopped?