http://www.cloaktalk.org/t/private-audit-cloakcoin-posa/243[TheDagger]
TheDagger
8h
2
Update:
TL;DR:
The audit that was promised on PoSA v1 was performed. It failed for not being immune to malicious nodes. We proposed a solution called Block Escrow, it failed the same audit for not being properly anonymous. We have a promising solution right now which has not yet failed the audit despite scrutiny, but after being burned from past mistakes we wont be releasing technical diagrams of it until we have some consensus from auditors and developers one week timeframe until release of such diagrams if we pass the audit on our new protocol.
Look for the audit results on our new protocol as well as a full technical description in the coming days. Expect continued news good or bad from the developers. We think Cloakcoin has a very exciting future of trustless anonymity among many other features.
Were CloakStrong.
(edited to fix block of text and improve readability)
I have a lot of respect for Dagger releasing this information in complete honesty, and it's worth supporting. Fingers crossed that the new solution passes audit.