Re: The Pros and Cons to Cloakcoin and Darkcoin, lets discuss them. by
on
31/07/2014, 12:14:46 UTC And this is just another few reasons why Darkcoin coin will succeed:- Darksend+ technology which has over 6 months of development and been written from the ground up to evolve previous solutions, this is how you get better, you try, and try again until you succeed. Success very rarely happens on the first go
- Darksend+ huge advantage that coins are anonymized & denominated through 8 masternodes and sent back to the user. The user can then send straight to the recipient anonmyously. This removes any responsibility/liabilities that MN owners could have. Competitor coins all forward coins through their systems which is flawed.
- Professional solution explanations with diagrams to clearly how the proposed solutions will work
- Full transparency to the testing environment where everyone is involved, nothing is hidden
- Open communication about what bugs they are tackling, this shows confidence in the solution
- World class team, leading innovation which all coins just look toward and copy in some way shape or form
- Taken seriously enough to have Kristov Atlas onboard to help review and improve the technology
- Over 830 masternodes which their potential has not even begun to be realized, and already solves many economic pitfalls apparent in the BitCoin node design. 830 Masternodes is likely more than any competitor has for wallets open at a single point in time.
- IP obfuscation solution has been announced and the solution will be open sourced after Kristov review is the last piece of the puzzle.
Now compare this to some of the competitors who:- 4-6 weeks old and have not had any REAL discussions on how the technology actually applies to design & attack weaknesses. When questioned, replies like "we have thought and tested through these scenarios"....so suddenly you are world leading security experts and can test against all known attack vectors.
- Release whitepapers with a box with a single word in it which supposed to encompass the entire solution, my 3 year old can do this
- Have to tell their users to "refrain" from using the solution when they release it, then why release it?
- When questioned about their solution, delete the posts in their thread and in the media deliver one line statements like "the data is encoded to hide the sender"...but how..?
- Cannot even get anonymity working so lets start coding an entire openmarket to give more hype....If you dont think anonymity is a serious and complex enough solution, you obviously have no idea.
- Can only make videos as justification to prove it works.
- Have no background to the development team as they are 100% anonymous. What if they are just great video editors and graphic designers.
- Both of the main competitors use Proof of Stake and have given only 1 week of PoW....this is taking centralization to a new level.
- Dev's have admitted to not having great anonymity, and are still trying to think of solutions for bad actors such as centralized black listing which was floored in the XC rev 1.0 design and hence thrown out. Additionally now possibly copying Darkcoin by requiring to have "small investments" to become a node
- Have made no announcements or plans to open source.