Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
darkproton
on 17/08/2014, 05:28:47 UTC
...(sorry for not quoting whole thing)

I am not the one that made a coin and ask you to invest in me...  did I?     Also, I didn't ask you for your real name, because that doesn't matter.   The "team members" that are shown off on the other hand are important because they claim they have all these people working on it.   But... in reality?   Who knows?   Probably one single person only?   That's the point.

No one asks you to invest, invest if you feel comfortable, and if you evaluate the tech to be useful. If you think not knowing satoshi nakamotos real identity is ok, then it may follow that not knowing real identities of other developers is ok... From seeing a bunch of the devs talking to each other in the IRC, it would be hard for me to believe that they are all the same person, but I guess it could be possible?

Bitcoin is open source so the trust is in the source code.   If Cloak was also completely open source so that we can trust on the code and not just on a claim, then yes their identity wouldn't matter.    Without the source, then we have to trust on the developers, thus their identity and trustworthiness is really important.  
First and foremost, no one is asking you to invest. As far as the devs go, they have delivered thus far. Look at ethereum. Everyone is known,however, they are paying a bunch of lawyers in case they are unable to deliver; all in the fine print. Safety in identification only goes so far. They may identify themselves but be unable to deliver. They have proven thus far to be capable.