Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
Edit - I just don't understand the last part; what good is all this cloaking if bobs IP is (apparently) still connected to the PoSA wallets?
That was my question as well, it talks about protecting bob in case richard is a thief, but what if richard is just a spy. This is a known issue for drk coin, which is why there are 8 middle men, ensuring that the probability of all 8 being controlled by the same entity is low. What if 1/3rd of the cloak network is sitting at the nsa?
So bob shuffles his coins locally removing their origin, but then he sends to richard to send to alice for drugs, and richard narcs on him.
Thanks for the explanation
Remember this is a just a rough draft, Joe was telling us in the irc chat that this is a very simplified version on how it works. Its not the final version that's why joe asked people in the irc chat to not post it in the thread to avoid a big discussion about it as its not the official whitepaper. People didn't list (you know who posted) and posted it regardless.
Your input is much appreciated, for people calling this FUD well it isn't. Its constructive criticism and beneficial to the development of PoSA. The devs listened to issues that might arise with PoSA from members and found solutions.
@bcmine
Are you referring to Cloaksend 1.0? How would cloak be anon but at the same time useless when you know the address of the sender and the receiver, then its not anon in this case lol.