Quote from: rycon87 on July 30, 2014, 06:42:37 PM

Hey guys,

I started looking into CloakCoin a bit and am beginning to notice some parallels between what theyre doing (especially with their "One Market") and what Syscoin is looking to accomplish. Could anyone give a brief overview of the differences between these two projects (other than PoSA)? One post that caught my eye was this:

https://bitcointalk.org/index.php?topic=637704.msg8105764#msg8105764

Are these the basic functions that Syscoin is looking to perform? I'm just hoping that Syscoin's thunder isn't being stolen before it even launches

Just to be clear the functions outlined in our preann are completed; not functionality we're hoping to complete. We're just hardening at this point.

Regarding CloakCoin I find it highly coincidental that as Syscoin starts getting attention, all the sudden they are "working on" a marketplace offering and even call it "offers" just like us... Not saying they didn't have such an item on their roadmap as I don't follow CloakCoin, just seems conveniently timed.

I did give their PDF a quick 5min look and from what I can tell its still very much in the figuring stuff out mode, and as such I am going to withhold any technical comparisons as there isn't anything tangible yet for me to technically compare to... just a PDF and some images. I saw a beta wallet zip floating around but I need code to do a real technical comparison. When something more tangible comes out we'll definitely talk about Syscoin vs. OtherCoin, but until then its just too speculative.

That being said their proposed implementation seems pretty invasive imo, at least on my quick read (country, state, etc. required on each offer? For a coin that boasts about anon?). Also, the decentralized marketplace is but ONE of FIVE (if you count universally merge-mineable) features that Syscoin is feature-complete on- these features compliment each other in a way that makes Syscoin far more robust than anything currently on the market or even speculatively on the market like CloakCoin (w/ these future features they're no hyping). Not only that but we have additional features in the pipeline to bolster the whole financial infrastructure angle we're targeting, we aren't just slapping a marketplace into the feature set "just because"- its a planned feature with complimentary features to support it (name aliases, data storage/aliases, and certificates).

We do and always will keep our eyes out for competition, which I should say isn't a bad thing- it forces each party to innovate even more which imo is a great thing for the altcoin space. That being said, we're watching CloakCoin and will be reviewing any code posted and providing more in-depth technical comparisons if/when these speculated features roll out.