Hi Cloakers,
Can anyone clear up the confusion about Dash's instamine vs Cloak's ninja-mine?
I doubt this DashHole's side of the story is complete, much less accurate.
I personally won't buy cloak because of the 7 day proof of work instamine.
LOL ^. But maybe to them it was a "FEATURE" hahaha
I guess instamining Dash in 2-3 days is
GOOD....
than instamining Cloak for 7 days which is
BAD 
lol, boy you're wasting lots of time and digging deep aren't you. i made pretty good call on avoiding cloak yes i know thank you. i warned people about xc too and now monero these days.
my problem with the cloak instamine was that they mined the total initial coin supply (4.5m) in 7 days and went to a highly inflationary 6% POS reward. this unfairly gave all the coins that could ever be mined to a very small group of people who then staked it @ a whooping 6% and controlled the supply. i knew that type of distribution model was doomed to fail.
i feel the same way about the highly inflationary monero emission curve where ~ half the coins were mined in the first year and will have "Roughly 86% mined in 4 years".
bitcoin is almost 7 years old and only has 75% mined. and the btc block reward is fixin to half and it will take them another 4+ years to get to monero's 86%.
so it will take btc (& ltc) ~11+ years to get to ~86% and monero only 4 years. it will probably take dash another 20 years to get to 86%.
here's more of what i said about cloak around that time...
"Cloakcoin had a failed Ninja launch with a 7 day pow 4.5 million coin instamine that has a 6% pos inflation issue. it's also a self-moderated thread that has been censored to cover up launch issues."
I'm fairly sure that at the very least, Cloak's dev (unlike Duffield) didn't tell people it was safe to go to bed before initiating an epic "accidental" instamine.
cloak coin most promise and better crypto coin of the near future and all development going on most professional ways
