going open source is not going to turn this around..this is not the reason for the lack of interest.
other projects are closed and doing well.
This is being held down by someone.
Focus more on develpment funding and governance mechanisms and marketing.
I agree, in principle, with cryptohunter. I think the "open source" thing has gotten out of hand. The original discussion for "open source" was to get CLOAK on Poloniex. I'm sure there is a way to give it to them if that is indeed what is needed to be listed there, and not give it to the rest of the world at the same time. I would request the developers talk to Polo see if they can get a straight answer from them but, Polo will NOT make or break CLOAK, we still need PR and public awareness as well as places to use it. Polo is only one of many exchanges, remember that.
totally agree.
Open the code if we guarantee some benefit, okay.
But to open it without any guarantee I consider too risky.
In crypto, if you want to be taken seriously, you need to be open source.
Monero - open source
Dash - open source
Zcash - open source
Zcoin - open source
NAVcoin - open source
Shadowcash - open source
Bytecoin - open source
PIVX - open source
That's just some of the competition. Notice how I listed anonymous coins and not some others that are heavy on gimmicks and ignore the core fundamentals of being a solid cryptocurrency first and foremost. If you can't exceed what they do then you might as well close the doors and walk away.
It is not always as straight forward as that though... we will never know how much larger or smaller they would have been either by doing vetted analysis of their code by other top devs or even staying closed to all. Also many delayed going open until they dominated and had big clear lead.
Monero - open source - well the copied bytecoin right? so could not close it then
Dash - did not open source properly for a long time until they dominated anon
Zcash - open source - cost them being much larger imho so many clones from day 1
Zcoin - open source - same zcoin classic stealing their thunder
NAVcoin - open source - needs investigation soopy and myself are in discussions due to some of his prior actions.
Shadowcash - open source - not looked into it
Bytecoin - open source - nobody knew about it for months and months over taken by xmr now since they cloned it an had bigger team
PIVX - open source -
Imagine the code vetted by peter todd or some other very respectable developers and given the green light in an article
far more powerful than open sourcing imho.
You seem to be missing the fact that they are all open source and they are the competition. It doesn't matter what the history is, that's the current state and if you can't compete on the core fundamentals of crypto currencies then you might as well not even try. If this was some other type of product, then sure. But it's fundamentally a crypto currency and it's focus needs to be on that in order for it to truly succeed.
I also don't have a clue why anyone would think others would want to clone Cloak before it has a chance to really get itself going again. Oh sure, there will be some that do it and almost all of them will be scams. But people are more interested in cloning Dash because they see dollars signs in the masternodes. Things like ZCash are the flavor of the day for cloning but the tech is far from being truly usable as a crypto currency due to various performance issues as well as the issue of the trusted setup. Its highly doubtful that any clone will make any real technical advances with those ones.
I will say though, that a crypto currency based on Mimblewimble has the potential to beat every anon coin out there. That's based on what I know of it so far and assumes anyone doing a coin based on it doesn't introduce various forms of centralization or require trust. The truly "scary" part for anon coins should be that some core bitcoin developers are looking at it and doing some work with it.