Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
nsimmons
on 03/08/2014, 07:45:01 UTC

FYI
The masternodes produce a chain of shuffled transactions that loop around eventually back to the senders wallet. At each node they are mixed with other users funds, forwarded to the next node, repeats, then eventually back to the sender. This process is automated so the sender doesn't need to mix their coins, they are done before hand. A known concern of the nodes is a ddos attack, or having control of a large number could allow a person to track the coins, if all 8 nodes used to mix were controlled by the same person. Node count is over 800 last time i checked.

This chat log, shows that this mixing process happens all locally between local addresses. My immediate thought was that link between ip and transactions might be established.

That's a bunch of bullshit. If the masternodes are known IP how can they withstand a man in the middle attack? It sounds like a shitty way to send insignificant information - let alone money.

I was explaining the system to smokin since he wasn't familiar with it, I was not defending it or promoting it. FYI

Context it means everything. Learn it.

The context is, you're so delusional and convoluted by supporting a lie called DarkCoin that you can't see that you're in another thread fighting someone who has innovated beyond it. DarkKoolAid must be delicious or pay well.

Clearly you don't have any desire to compare competing technologies and are just trying to defend your 50 dollar investment. When you finish high school and are a big boy let me know. Why are you not off pumping Coino?