Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
PoSA is entirely trustless and solves the Byzantine Generals problem.
Extraordinary claims require extraordinary evidence.
Would that diagram suffice as evidence? Appreciate your input.
Thanks
No. Here is an analogy.
Here is a description of a warp drive, using the known laws relativity. This does not constitute evidence of faster than light travel.
http://en.wikipedia.org/wiki/Alcubierre_drive#Mathematics_of_the_Alcubierre_drive
What would you consider valid evidence then?
Well that was my original question, which I do not have an answer for.
Full open source audit by industry experts would be pretty fool-proof for me, but by that time most of the price rise would have happened in anticipation.
Auditors of that caliber are booked up 3-4 months in advance and also costs upwards of 50k. It's easy for you to come in here and criticize Cloak's efforts. Yet, you don't provide your own answer. Hmm I guess a public beta with a diagram mapping out the processes just isn't enough for you. I haven't seen 1 altcoin invest the money into a high level independent audit - open source or not. We've reached out to top level cryptographers outside of this forum to complete a full audit on Cloak/PoSA. This is a potential billion dollar product, so I have no problems supporting an independent validation. You have all the right to question the validity of the claims; Although, your lack of faith will end up costing you more in the long run.
Also, I fail to see how your warp drive analogy is relevant. PoSA is out in the wild, with a public beta producing evidence on the blockchain. Last time I checked the progress of warp drives it was still in the very early stages. I haven't seen the guys over at Skunkworks invite the public over for viewing.
The main problem with trolls and skeptics is no matter how much information you provide, they will still come back with another argument. By the time they figure it out the ship has already set sail.
