I have laid out the warning for many weeks now!! Since CLOAK was 230K Satoshi I told the men in here to SELL.
I warned them about the developer sleep/hibernation!
I warned about the Twitter meme spam on Cloak Twitter account!
I warned of the bubble-land to sell! NO ONE LISTENED and look now.. down 60%!!!!!! NOT GOOD
I was just curious if you had any specific inside information as to why cloak is a scam.
I still have my doubts, recent dev team changes have me a little concerned, as well as delay in open source.
Is there something fundamentally wrong with Cloaks code that you know of?
I've been watching Cloakcoins richlist and monitoring the top 50 wallet balances since I invested in Cloak to see if very large stakeholders sell, but so far no one has dumped large amounts (largest I have seen was 25k cloak being transferred within the top 10 during the dev team change).
I'm pretty new to crypto in general, I'd like more information regarding cloaks future because it seemed like they had some decent ideas.
Also what are your motivations for posting negatively about the cloak project?
Are you altruistically spreading your concern for other users' investments based on some information the general public doesn't know?
Because, if so, I think you should share the details.
Thanks
No sir I am simply engaging in the FREE MARKET. FREE MARKET SYSTEM OK? If the CLOAK devs can go to sleep and post the meme on the Twitter.. I am allowed to post my perspective on situation at hand ok?
Do I think CLOAK has problem? NOT CLOAK ITSELF.. but the other problems (dev sleeping, richlist is a problem yes, and yes the dev team change since 2014 has been SKETCHY).
It is worth mentioning as well that C4SHM4N is a risky developer.. he worked on the QUARKCOIN (QRK) which was another FAILED project as the devs scooped up the BTC from it as well (filled the wallets when it went into bubble, dumping millions of coins).
CLOAK is a GOOD crypto... it has TURNED around a lot since 2014... but you have to be CAREFUL. The Free Market is at hand here.. no regulations.. no banks.. no true accountability for what the devs can do (sleeping, posting memes, etc). That is all I am trying to say ok men?
Thanx