Quote from: bitmover on July 13, 2021, 11:14:32 AM

Quote from: wishxy on June 12, 2021, 08:12:41 AM

Let see where we are now with this "wrong concept" project.
It is 2021 and this "shady" non-blockchain project is still going on, even pretty fine. They are talking now about 800 servers support and already have fully working coin and cross-chain token with 68M market cap. How cool is that?

I wasn't really going to reply here, but since I was mentioned... Let's go:

You can see cloud cloin here:
https://coinmarketcap.com/currencies/cloudcoin/

It is listed in one exchange called Bitcoin.com, with a daily volume of 3,000 USD.
So you cannot really sell more than 3,000 USD daily without crashing the price. The price is artificially maintained, you cannot sell it otherwise it will just go to zero. There is basically zero demand for this coin.

If you take a look closely at the chart, there are many days with less than 10 USD volume. There is literally zero demand.

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Quote from: wishxy on July 13, 2021, 03:14:29 AM

You got a bone to pick Cheesy

so it's cool. If that's just what you want to hear. 800 servers can still be easy to shut down compare to bitcoin which anyone who wants to shut BTC down had to hack everyone in the network. Cloudcoin price ATH is less than $0.02 so if you compare it to BTC price, it's nothing.

Don't take it too seriously bruh, Cloudoin has its own community, I hope they can find some use for the coin.

I'm not into any relly or competition between Cloudcoin and Bitcoin. Just watchin' whats happening in the field of developing alternative technologies to the blockchain. Also, any Bitcoin/Blockchain quasi-elitism and evangelism, simply no me interesa.
So let see how far will this project go.

It is not a matter of shutting down the coin. A centralized blockchain isn't safe.

You can have a smartcontract in those 800 centralized server, which are probably controlled by the CEO laptop. What stop him from changing past blocks adding any information he wants?

As there isn't a decentralized network verifying every block and every transaction, only a centralized network of "800" servers, he can basically change contract rules on the go.

This is not about bitcoin evangelism, this is about understanding how blockchain technology works and why centralized solutions shouldn't use it.

I was reading coinmarketmap description about the coin:

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https://coinmarketcap.com/currencies/cloudcoin/
CloudCoins provide a theoretically “perfect” global currency that cannot be counterfeited, double-spent, mined, or lost. Your actions are 100% private, requiring no public ledgers, accounts, or even encryption. Like the Internet itself, it cannot be brought down by governments, hackers, or even nuclear weapons. CloudCoins consist of 3,200 bits of secret data that only the owner knows.

I prefer to stay away from a "global currency" which has an "owner", and the owner has a super secret key that can control it.

There is a many projects in crypto which has started like centralized but later became decentralized, so its not the matter.
About your last quota I absolutely agree.