Re: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digitalcurrency
I'm sceptical about Cloakcoin
Its been going to nearly 3 years, yet has a market cap of just over $1 million.
Its never had a market cap of more than $6 million.
Why?
If Cloakcoin really is superior to Monero, why is Monero currently worth 300 times more???
And I also believe the claim to make Cloakcoin opensource is untrue. Going from closed to opensource on a large codebase is a TONNE of work. Who is going to pay for this? Why would developers spend huge energy making it open source when its a failing project?
This isn't a FUD. If someone can answer my concerns coherently I'm listening
Its been going to nearly 3 years, yet has a market cap of just over $1 million.
Its never had a market cap of more than $6 million.
Why?
If Cloakcoin really is superior to Monero, why is Monero currently worth 300 times more???
And I also believe the claim to make Cloakcoin opensource is untrue. Going from closed to opensource on a large codebase is a TONNE of work. Who is going to pay for this? Why would developers spend huge energy making it open source when its a failing project?
This isn't a FUD. If someone can answer my concerns coherently I'm listening
I heard that some monero traitors are willing to pay a few hundred btc to see cloak open source
P.S. i was forgot, if monero is so good why dash is 2 times more expensive?
Monero and Dash are different coins. One is trying to be mainstream, the other is trying to be super private. There is little correlation between the price.
If Cloakcoin REALLY plans to go open source I'm interested, but I simply believe its not going to happen. Its too much work
If you want super fast transactions, nothing currently beats Byteball.
If you want open source privacy, nothing currently beats Monero.
Why use Cloakcoin?