Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [CLOAK] Cloakcoin |No Premine|X13|Decentralized Market & PoSA -*New Team*
by
DukeofZill
on 06/11/2014, 04:13:18 UTC
Dev is AFK.......devs wallet is empty and looks like his sold out. dammnnn!


He barely has 5 BTC(at current value)left invested in CLOAK anyway. I thought about putting 1 BTC into CLOAK just for fun earlier, but liquidity is so low that that would double the price, even when spread accross bittrex and cryptsy (who share more than 99% of total CLOAK trading volume according to coinmarketcap.com). Investing 1.5 BTC would triple the price. Yea, I'm not gonna do that.

That goes both ways btw. Slippage is so bad, I doubt cashmen(why mEn by the way? how many are you exactly?) would get much more than 3.5 BTC back if he sold all his CLOAK at once.

But I guess it's a rather profitable investment if it gets you exclusive access to a coin's source code. Maybe he already made a deal with bob and sold it (or at least the parts that actually work)?  Grin

And at one point, cashmens 154k cloak was worth 500 btc

I can't even comprehend feeling those feels

http://media-cache-ak0.pinimg.com/736x/e7/56/36/e7563643581779f8d137d0a0be9ee97d.jpg