Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency - page 9. (Read 810959 times)
January 21, 2020, 08:06:42 PM
January 21, 2020, 07:08:58 PM
Quote
source https://eng.ambcrypto.com/kraken-ceo-govts-will-take-time-to-understand-benefits-of-privacy-coins/
Kraken CEO: Govts will take time to understand benefits of privacy coins
“Financial privacy is like a fundamental right”, says Jesse Powell, CEO, and Co-founder of Kraken. But Bitcoin and other cryptocurrencies are pseudonymous, i.e., transaction information is easily available for further analysis.
In response to this, new technology has been developed over the years to recreate privacy by restoring anonymity. While this gave rise to privacy coins, such as Monero and ZCash, regulations, however, have not been kind to these specialized coins. Privacy coins have been delisted from various exchanges last year thanks to the regulatory pressure from the Financial Action Task Force [FATF].
In a recent interview with crypto advocate Naomi Brockwell, the Kraken exec said there are a lot of “legitimate” reasons to have financial privacy. While admitting that anything can be used for “nefarious” activities, Powell believes that it is going to take a lot of time for the governments to understand the benefits of it. He added
“You don’t have to use it for everything, but they serve a purpose for sure and I think they will become widely accepted”
Anonymity can be maintained in Bitcoin transactions as well. One such project is CoinJoin that enables Bitcoin transactions to remain private by leveraging a coin mix. Along the same line, Powell stated,
“We’ve heard regulators say is, who are actually pro-privacy coins, that well Bitcoin is already it’s so liquid and so large that if you wanted to conceal your Bitcoin transaction, just kind of mix it, so that the trail was lost. You could do that, it is not like that difficult to do. You are not going to ban Bitcoin. So then, it is kind of like, why are we banning the privacy coins?”
In recent times, even Bitcoin transactions using coin mixers have come under the scrutiny of crypto exchanges. Binance Singapore recently froze a wallet of a Bitcoin user who employed CoinJoin to add privacy to the transactions. While the user was got his funds back, it does seem like a wake-up call for the proponents of financial privacy.
Kraken CEO: Govts will take time to understand benefits of privacy coins
“Financial privacy is like a fundamental right”, says Jesse Powell, CEO, and Co-founder of Kraken. But Bitcoin and other cryptocurrencies are pseudonymous, i.e., transaction information is easily available for further analysis.
In response to this, new technology has been developed over the years to recreate privacy by restoring anonymity. While this gave rise to privacy coins, such as Monero and ZCash, regulations, however, have not been kind to these specialized coins. Privacy coins have been delisted from various exchanges last year thanks to the regulatory pressure from the Financial Action Task Force [FATF].
In a recent interview with crypto advocate Naomi Brockwell, the Kraken exec said there are a lot of “legitimate” reasons to have financial privacy. While admitting that anything can be used for “nefarious” activities, Powell believes that it is going to take a lot of time for the governments to understand the benefits of it. He added
“You don’t have to use it for everything, but they serve a purpose for sure and I think they will become widely accepted”
Anonymity can be maintained in Bitcoin transactions as well. One such project is CoinJoin that enables Bitcoin transactions to remain private by leveraging a coin mix. Along the same line, Powell stated,
“We’ve heard regulators say is, who are actually pro-privacy coins, that well Bitcoin is already it’s so liquid and so large that if you wanted to conceal your Bitcoin transaction, just kind of mix it, so that the trail was lost. You could do that, it is not like that difficult to do. You are not going to ban Bitcoin. So then, it is kind of like, why are we banning the privacy coins?”
In recent times, even Bitcoin transactions using coin mixers have come under the scrutiny of crypto exchanges. Binance Singapore recently froze a wallet of a Bitcoin user who employed CoinJoin to add privacy to the transactions. While the user was got his funds back, it does seem like a wake-up call for the proponents of financial privacy.
These people seem to be visionaries; maybe he can help Cloak coins with their networks?
January 19, 2020, 08:30:27 PM
Why stay anonymous buying crypto?
Crypto owners have their personal reasons to hide under a cloak. It could be government regulations, fear of being hacked or simply buying new alternate investment vehicles. Increasing your privacy provides a better cover from potential attacks.
It is worth noting that privacy is only relative in the crypto realm. The blockchain architecture itself is highly secure. But human involvement increases the chances of fraud and scams! Most exchanges broadcast the exact IP addresses of users thereby helping unmask their identities. Pseudonyms, too, can go only up to a certain extent.
The transparency in public crypto ledgers also exposes user data to the general public. Coin control features in the Bitcoin wallets are another loophole commonly exploited by the fraudsters. This leakage in identity further makes you a potential target. Hence the need to go anonymous.
Crypto owners have their personal reasons to hide under a cloak. It could be government regulations, fear of being hacked or simply buying new alternate investment vehicles. Increasing your privacy provides a better cover from potential attacks.
It is worth noting that privacy is only relative in the crypto realm. The blockchain architecture itself is highly secure. But human involvement increases the chances of fraud and scams! Most exchanges broadcast the exact IP addresses of users thereby helping unmask their identities. Pseudonyms, too, can go only up to a certain extent.
The transparency in public crypto ledgers also exposes user data to the general public. Coin control features in the Bitcoin wallets are another loophole commonly exploited by the fraudsters. This leakage in identity further makes you a potential target. Hence the need to go anonymous.
January 19, 2020, 07:38:09 PM
One thing that I admire on tis coin is the resistance to go down below $0.15. It seems that the team is monitoring their price level and really do something about it.
As many projects don't care once they decline, this one is strongly holding its minimum price level and from time to time, you can see the rise in the charts (pumping time?).
As many projects don't care once they decline, this one is strongly holding its minimum price level and from time to time, you can see the rise in the charts (pumping time?).
January 18, 2020, 05:53:39 AM
if you have time
I was just answering your question 
I just stumbled on the post it seems very interesting, I didn't know CLOAK but it's a nice discovery all this information is like an eco for me. The interest of hiding your private life is important to me, not for illegal things but simply to remain discreet. How do you get the 6% interest?
Very simple you buy Cloak in an exchange:https://www.livecoin.net/en/trading/CLOAK_BTC
https://app.stex.com/en/basic-trade/pair/BTC/CLOAK/1D
- You download the Cloak wallet on your computer: https://www.cloakcoin.com/en/wallets
- You install the wallet taking care to create your password and then save (one outside your computer your seed or .dat file) offline backup storage is ideal.
Then wait for the synchronization with the Cloak blockchain.
Then you create a receiving address in the tab (receive funds) in your wallet.
Send your funds from the exchange to your wallet with the previously created receive address (receive funds).
Wait for the funds to be displayed
Then activate the mining go to parameter and select: (Unlock for Mining)
Then leave the wallet connected to the internet 24/24 and you will receive free Cloak every day = 6% of the value of the number of chips you store in your wallet / per year so calibrated on a daily basis.
Also works with a Raspberry Pi so very energy efficient.
Well, I followed the instructions and the result is a success! Thank you for your help
January 17, 2020, 08:52:55 AM
January 16, 2020, 08:57:00 PM
Thank you i'm going to try all this out on my computer tomorrow. i'll let you know
January 16, 2020, 08:52:49 PM
if you have time
I was just answering your question I just stumbled on the post it seems very interesting, I didn't know CLOAK but it's a nice discovery all this information is like an eco for me. The interest of hiding your private life is important to me, not for illegal things but simply to remain discreet. How do you get the 6% interest?
Very simple you buy Cloak in an exchange:https://www.livecoin.net/en/trading/CLOAK_BTC
https://app.stex.com/en/basic-trade/pair/BTC/CLOAK/1D
- You download the Cloak wallet on your computer: https://www.cloakcoin.com/en/wallets
- You install the wallet taking care to create your password and then save (one outside your computer your seed or .dat file) offline backup storage is ideal.
Then wait for the synchronization with the Cloak blockchain.
Then you create a receiving address in the tab (receive funds) in your wallet.
Send your funds from the exchange to your wallet with the previously created receive address (receive funds).
Wait for the funds to be displayed
Then activate the mining go to parameter and select: (Unlock for Mining)
Then leave the wallet connected to the internet 24/24 and you will receive free Cloak every day = 6% of the value of the number of chips you store in your wallet / per year so calibrated on a daily basis.
Also works with a Raspberry Pi so very energy efficient.
January 16, 2020, 08:50:29 PM
if you have time
January 16, 2020, 08:36:39 PM
I just stumbled on the post it seems very interesting, I didn't know CLOAK but it's a nice discovery all this information is like an eco for me. The interest of hiding your private life is important to me, not for illegal things but simply to remain discreet. How do you get the 6% interest?
January 16, 2020, 08:29:59 PM
January 16, 2020, 08:20:47 PM
we all just keep faith in it its a positive move and ll change things slowly
What do you think about other privacy coins like RYO(Ryocurrency) which is a real-life usage product with extreme privacy features. What is your opinion about it? Hello, thank you for your interest in Cloak.
It seems Ryo and Cloak are not the same technology. Ryo is very much related to Monero precisely like
Quote
Launched in Jun 2018 and based on the Cryptonote foundations of Monero, Ryo is headed by fireice_uk and psychocrypt, a duo with development work on opensource mining software proof of work algorithms. The team claims that the Ryo blockchain does not have the 0-mixin Ring Confidential Transactions (RingCT) that characterize older Cryptonote chains because Ryo has ring sizes of 25. These settings reportedly reduce the chances of being identified and traced by blockchain statistical analysis. The Ryo developers implemented a uniform transaction ID system that hides the use of payment IDs because all transactions now have a uniform ID that is retrofitted with the old payment ID system. The team claims that Ryo is the first amongst various Cryptonote currencies to implement this feature, which addresses the metadata leak that reportedly affects Cryptonote coins with payment IDs. Ryo aims to function as a store of value that is suitable for highly confidential transactions. The core mission of the project is to deliver a currency with true fungibility. This means that each coin is equal and interchangeable; the team claims that it is highly unlikely that any coin can ever by blacklisted due to previous transactions
.Whereas CLOAK is a totally different technology precisely:
Quote
Launched in Jun 2014, CLOAK is a provider of Open Source blockchain solutions using ENIGMA® technology, which reportedly helps to make transactions completely confidential. The technology is designed to be decentralized, reliable, secure, and scalable. It is based on Proof Of Stake, which was designed to reduce operating costs and carbon footprint.
Cloakcoin uses onion routing enabled by default with ENIGMA® technology. This, coupled with CloakShield® function, reportedly provides end-to-end encryption and offers direct and secure communication that allows nodes to evade traffic analysis. Combined with ENIGMA®, Cloakcoin aims to offer a high level of confidentiality that uses up to 25 jumps with symmetric RSA encryption and ECDH key exchange.
Anyone can generate Cloakcoin with annual interest rates of 6%.
Cloakcoin aims to allow any computer or smartphone user to participate in the cryptomarket with complete security and without the fear of unwanted hacking or multi-channel spying activity.
Cloakcoin uses onion routing enabled by default with ENIGMA® technology. This, coupled with CloakShield® function, reportedly provides end-to-end encryption and offers direct and secure communication that allows nodes to evade traffic analysis. Combined with ENIGMA®, Cloakcoin aims to offer a high level of confidentiality that uses up to 25 jumps with symmetric RSA encryption and ECDH key exchange.
Anyone can generate Cloakcoin with annual interest rates of 6%.
Cloakcoin aims to allow any computer or smartphone user to participate in the cryptomarket with complete security and without the fear of unwanted hacking or multi-channel spying activity.
Also note that CLOAK's environment offers different measurements compared to Ryo. Both crypto's have their advantages, after that it is up to the users to choose or mix and match.
Personally my choice is on CLOAK it's a secure, unhackable and completely confidential crypto, transaction costs are extremely low and the staking pays 6% more per year (fixed rate). CLOAK is composed of a brilliant, identifiable team, which builds tomorrow's environment in a sustainable way
January 16, 2020, 01:13:08 PM
we all just keep faith in it its a positive move and ll change things slowly
What do you think about other privacy coins like RYO(Ryocurrency) which is a real-life usage product with extreme privacy features. What is your opinion about it? January 15, 2020, 01:58:54 PM
Dear Cloak Community,
We're very excited to announce the release of the Coordinator Report — January 2020
Peace & Love
Team Cloak
January 14, 2020, 10:02:11 AM
I notice something else, the web traffic score to the 2 brand new chosen exchanges sites newly added are more than ridiculous, especially in terms of link pointing and B2B conversion. Source AlexaRank
https://exchange.bitfare.io/ result https://ibb.co/C9CB58N
https://freiexchange.com/ result https://ibb.co/GsYSCW6
let's wish them success
January 14, 2020, 09:56:52 AM
Cloak team pl Stop signing up anywhere to brew shit!
People don't understand why a lot of reputable sites like Coinbase or CoinmarketCap display 1 Cloak = $2.30 while on two others that have real liquidity the Cloak = $0.21.
I find very disappointing all these exchanges that only serve to rig mass and volume and liquidity to bring a falsified total to the overall total markets.
I explain: for example on Folgory or on other new and old ones.
You buy 5 CLOAK crypto 20 cents on one of the exchanges that create volume 5 cloak X 20 cents = volume/liquidity $1 then afterwards you always buy on the same site/exchange in another quote/pair for example CLOAK/EUR or BTC you buy 1 single CLOAK at 2€, Coinmarketcap will weight and the total volume/liquidity that comes from this exchange is 6 cloak at 2€! Coinmarketcap thus artificially inflates many prices. It is not only Cloak that is impacted by this anomaly which seems to be voluntary on the part of Coinmarketcap.
Other exchanges such as Yobit Mercatox Bitbns and Bitrabbit have been maintaining the Cloak wallet for several months. Impossible to withdrawal or deposit CLOAK coins. Moreover, these exchanges also actively participate in artificially inflating prices.
A friend pointed out on Coinmarketcap CLOAK you read $14000 / 24h displayed, when you search on the transaction books of e.g. Folgory you will not find at all in the exchange $14000 but 1400 Cloak at 1 cents on the per Cloak/BTC and a transaction at $1 on the Cloak/USD pair for Coinmarketcap = $14000.
https://ibb.co/6YBcfSy
https://ibb.co/KNnGBDP
https://ibb.co/yXrNDYM
https://ibb.co/GQJ3HmG
https://ibb.co/Wk85sTM
https://ibb.co/CzRx268
a user even pointed out that Coinmarketcap does not reset the exchanges every 24 hours on the display which contributes to aggravate the manipulation of false prices!
People doesn't understand why there damage attributable to CLOAK from Coinmarketcap, Coinbase display https://ibb.co/yYvXcVM and from these exchanges. It is frankly disgusting.
However, it seems that Livecoin and Stex stay serious. the other exchanges + CMC are lame, fake or very stink.
People don't understand why a lot of reputable sites like Coinbase or CoinmarketCap display 1 Cloak = $2.30 while on two others that have real liquidity the Cloak = $0.21.
I find very disappointing all these exchanges that only serve to rig mass and volume and liquidity to bring a falsified total to the overall total markets.
I explain: for example on Folgory or on other new and old ones.
You buy 5 CLOAK crypto 20 cents on one of the exchanges that create volume 5 cloak X 20 cents = volume/liquidity $1 then afterwards you always buy on the same site/exchange in another quote/pair for example CLOAK/EUR or BTC you buy 1 single CLOAK at 2€, Coinmarketcap will weight and the total volume/liquidity that comes from this exchange is 6 cloak at 2€! Coinmarketcap thus artificially inflates many prices. It is not only Cloak that is impacted by this anomaly which seems to be voluntary on the part of Coinmarketcap.
Other exchanges such as Yobit Mercatox Bitbns and Bitrabbit have been maintaining the Cloak wallet for several months. Impossible to withdrawal or deposit CLOAK coins. Moreover, these exchanges also actively participate in artificially inflating prices.
A friend pointed out on Coinmarketcap CLOAK you read $14000 / 24h displayed, when you search on the transaction books of e.g. Folgory you will not find at all in the exchange $14000 but 1400 Cloak at 1 cents on the per Cloak/BTC and a transaction at $1 on the Cloak/USD pair for Coinmarketcap = $14000.
https://ibb.co/6YBcfSy
https://ibb.co/KNnGBDP
https://ibb.co/yXrNDYM
https://ibb.co/GQJ3HmG
https://ibb.co/Wk85sTM
https://ibb.co/CzRx268
a user even pointed out that Coinmarketcap does not reset the exchanges every 24 hours on the display which contributes to aggravate the manipulation of false prices!
People doesn't understand why there damage attributable to CLOAK from Coinmarketcap, Coinbase display https://ibb.co/yYvXcVM and from these exchanges. It is frankly disgusting.
However, it seems that Livecoin and Stex stay serious. the other exchanges + CMC are lame, fake or very stink.
I notice something else, the web traffic score to the 2 brand new chosen exchanges sites newly added are more than ridiculous, especially in terms of link pointing and B2B conversion. Source AlexaRank
https://exchange.bitfare.io/ result https://ibb.co/C9CB58N
https://freiexchange.com/ result https://ibb.co/GsYSCW6
January 14, 2020, 09:51:59 AM
Real price of cloak is 0.2 usd at the moment other is fake on exchanges. Cloak coin need to list some good exchanges like bittrex binance coinbase and tons of others
the facts speak for themselves. I agree with you. I hope the decision-makers driving the CLOAK flying car know what they're doing and have a solid plan.
January 14, 2020, 09:41:51 AM
Real price of cloak is 0.2 usd at the moment other is fake on exchanges. Cloak coin need to list some good exchanges like bittrex binance coinbase and tons of others
January 14, 2020, 09:19:29 AM
Cloak team pl Stop signing up anywhere to brew shit!
People don't understand why a lot of reputable sites like Coinbase or CoinmarketCap display 1 Cloak = $2.30 while on two others that have real liquidity the Cloak = $0.21.
I find very disappointing all these exchanges that only serve to rig mass and volume and liquidity to bring a falsified total to the overall total markets.
I explain: for example on Folgory or on other new and old ones.
You buy 5 CLOAK crypto 20 cents on one of the exchanges that create volume 5 cloak X 20 cents = volume/liquidity $1 then afterwards you always buy on the same site/exchange in another quote/pair for example CLOAK/EUR or BTC you buy 1 single CLOAK at 2€, Coinmarketcap will weight and the total volume/liquidity that comes from this exchange is 6 cloak at 2€! Coinmarketcap thus artificially inflates many prices. It is not only Cloak that is impacted by this anomaly which seems to be voluntary on the part of Coinmarketcap.
Other exchanges such as Yobit Mercatox Bitbns and Bitrabbit have been maintaining the Cloak wallet for several months. Impossible to withdrawal or deposit CLOAK coins. Moreover, these exchanges also actively participate in artificially inflating prices.
A friend pointed out on Coinmarketcap CLOAK you read $14000 / 24h displayed, when you search on the transaction books of e.g. Folgory you will not find at all in the exchange $14000 but 1400 Cloak at 1 cents on the per Cloak/BTC and a transaction at $1 on the Cloak/USD pair for Coinmarketcap = $14000.
https://ibb.co/6YBcfSy
https://ibb.co/KNnGBDP
https://ibb.co/yXrNDYM
https://ibb.co/GQJ3HmG
https://ibb.co/Wk85sTM
https://ibb.co/CzRx268
a user even pointed out that Coinmarketcap does not reset the exchanges every 24 hours on the display which contributes to aggravate the manipulation of false prices!
People doesn't understand why there damage attributable to CLOAK from Coinmarketcap, Coinbase display https://ibb.co/yYvXcVM and from these exchanges. It is frankly disgusting.
However, it seems that Livecoin and Stex stay serious. the other exchanges + CMC are lame, fake or very stink.
People don't understand why a lot of reputable sites like Coinbase or CoinmarketCap display 1 Cloak = $2.30 while on two others that have real liquidity the Cloak = $0.21.
I find very disappointing all these exchanges that only serve to rig mass and volume and liquidity to bring a falsified total to the overall total markets.
I explain: for example on Folgory or on other new and old ones.
You buy 5 CLOAK crypto 20 cents on one of the exchanges that create volume 5 cloak X 20 cents = volume/liquidity $1 then afterwards you always buy on the same site/exchange in another quote/pair for example CLOAK/EUR or BTC you buy 1 single CLOAK at 2€, Coinmarketcap will weight and the total volume/liquidity that comes from this exchange is 6 cloak at 2€! Coinmarketcap thus artificially inflates many prices. It is not only Cloak that is impacted by this anomaly which seems to be voluntary on the part of Coinmarketcap.
Other exchanges such as Yobit Mercatox Bitbns and Bitrabbit have been maintaining the Cloak wallet for several months. Impossible to withdrawal or deposit CLOAK coins. Moreover, these exchanges also actively participate in artificially inflating prices.
A friend pointed out on Coinmarketcap CLOAK you read $14000 / 24h displayed, when you search on the transaction books of e.g. Folgory you will not find at all in the exchange $14000 but 1400 Cloak at 1 cents on the per Cloak/BTC and a transaction at $1 on the Cloak/USD pair for Coinmarketcap = $14000.
https://ibb.co/6YBcfSy
https://ibb.co/KNnGBDP
https://ibb.co/yXrNDYM
https://ibb.co/GQJ3HmG
https://ibb.co/Wk85sTM
https://ibb.co/CzRx268
a user even pointed out that Coinmarketcap does not reset the exchanges every 24 hours on the display which contributes to aggravate the manipulation of false prices!
People doesn't understand why there damage attributable to CLOAK from Coinmarketcap, Coinbase display https://ibb.co/yYvXcVM and from these exchanges. It is frankly disgusting.
However, it seems that Livecoin and Stex stay serious. the other exchanges + CMC are lame, fake or very stink.
January 14, 2020, 07:23:10 AM
Dear Cloak Community,
We’re very proud to announce that CloakCoin is now listed on FreixExchange!
Trade $CLOAK with zero fees
We’d like to extend warm thanks to FreiExchange for supporting CLOAK and look forward to get more attention in the crypto market.
Peace & Love
Team CLOAK
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