Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA

Also whats to stop a bad actor from creating as many wallets/nodes as he/she wishes and capturing the data / stealing incoming transactions. This was done with XC rev 1.0 and the same applies to Cloak's design.

A system we have put in place to require a small investment to be a node thus stopping unlimited bad nodes by investment deterrence.

small investment...isnt that the same as masternodes for DRK???

additionally, how will you blacklist - XC had its dynamic learning trust system which went down the drain....any black listing system is easily flawed and centralized.

Obviously black listing will not be enough. No you will not have to have 1000 CLOAK like a masternode. But if you want 1000 nodes on the network spying it will cost you.

You have not thought this through.

Coin quantity is not the factor as it moves dynamically with price...1000 drk coin cost $10 back in the day. If cloak even had 10 coins to become a node, in 5 years that price might be unobtainable for most....get my point??? so essentially it is the SAME as DRK masternodes.

You must be a day trader. Our code is not static and there is no node price setting. This is a network

How so - do you propose to dynamically change the number of coins required to become a node based on the market price???

Edit: you say small investment, but how do you know what that same investment is worth in 6 months time to become a node?