Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin | No Premine | X13 | Decentralized Market and PoSA
by
DentIt
on 05/10/2014, 20:56:00 UTC
it's supposedly trustless anon using ring escrow but pending an audit of course.


So who is that auditor that every user of CLOAK would blindly trust with their money? And how would that be "trustless"? And what would stop the devs from inserting a backdoor into the closed source AFTER the audit? Or would all development stop after the audit?

[21:42:53] who will be auditing it?
[21:42:57] ^
[21:43:06] because you would have to trust that person(s) Blink^
[21:43:09] id say first the audit... after that let the community decide
[21:43:28] w/o any audit or checks, it is nothing but a GUI change and promises
[21:43:34] <@alty> Well, why not let the community select an auditor then as a first step
[21:43:40] <@cashmen> Smiley

Also, I can tell you didn't download or test the new wallet at all since you said it's just a UI redesign when the UI is practically the same.

I can read the IRC myself, thanks. You didn't answer my question though. How would an audit in any way make CLOAK trustless if it remains closed source and the devs can make any changes they want at any time without anyone ever noticing? Trustless and closed source are mutually exclusive.