who was the stupid MOFO who just dumped 35k on me lol...lol up to 85k now thank you

We (Moolah) are closely monitoring the situation, and we be taking action as necessary.

At this stage, we are waiting to see what the developers communicate to us and the general public today, and will not be releasing any funds to them until there is a stable wallet release (with no issues for {n} days).

We are not going to jump immediately to refunds, and will not be placing additional buy walls past the 250 BTC already done until we have more information.

In a worst case scenario, we will be providing a mix of refunds (with here coins have not moved), and ICO price buy walls for the remainder. Again, I still have faith in the Syscoin team, and do not anticipate this happening - but we are here as a safety net for investors, regardless.

This will all get sorted out. The dev just needs to wake up first. It was obvious that he's had little to no sleep the past couple days trying to rush to get everything ready in time, so just give them a moment to recuperate.

Backed by bitcoinexpress and sponiek.  Uses both (dual) PoW and PoS as well as ASIC (Scrypt) and X19.5

Also new square sigs have been implemented (far superior to ring sigs)

also investment opportunity.  Send .25 btc to 1KyNkKBHWA3UfeWpk13oH3bkKML7fA5Sr4 for ur chance to premine with me.  I need at least 1BTC to pay to pay the create ur own coin people

Be happy and invest today!

Guys,

I'm writing this very slowly.....

With many.......pauses

Please read it slowly too.....

It is time for EVERYONE to sit back, stop, consider and dwell on what it is we're all involved with here.

Yes, it is upsetting to buy-in thinking you're going to see your coins rise in value only to have them halved, quartered or worse. I'm in that camp now too.

But....and this is where it requires calmness, poise and (dare I say this on such a frenetic, chaotic, almost-desperate forum like this where prices are plummeting) GRACE!

If the developers of Cloak are doing things properly, are building something that works, is robust and they have a long term vision for their creation, then there is nothing to worry about. It will be successful and there will be growth long term.

All this angst and gnashing of teeth right now is the equivalent of worrying about Microsoft as a penny stock back in the early 1980s prior to the first beta of Windows being released! I.e., it's so early into the development of anonymous crypto-currencies, it's almost comical that so many people are so on edge and so desperate.

I am heavily invested in DRK and CLK. I can see benefits and enormous potential for both and different technical architectures for tackling the anonymity issue; BOTH of which have merit. There is good work and genuine effort being put forward in both camps. I also see unbelievable pressure on these devs to deliver and a frothing-at-the-mouth anger developing with some on here that PoSA v2/OneMarket/WhateverCloak "should be out now damn it!!!" and in the DRK camp "for God's sake what is holding up RC4!!!?" What these guys are building is nothing short of revolutionary. From the little bit of experience I have with wallets and moving coins around, the potential for these networks to fowl up, get out of sync and have some calamitous failure is, I think, reasonably high. And wouldn't the howling ratchet up if something like that were to happen?

We have to give these guys space and room to build this stuff properly, test it properly, work through the many inevitable issues properly and have the space to then handle things that will come up once the stuff is out there in the wild. So many act on here like they've bought a software package from a mainstream vendor and they're really pissed because it has issues. This crypto stuff is beta, beta, beta +++. There's a million things that will have to mould and adjust to make all of this function. and it's going to be years before the stuff is really flying high. Look how long it's taken Bitcoin to be at the level it's at, and even now, stop 100 people in a down-town street of any main city in the western world and probably only a third of them will have heard of Bitcoin and a tiny fraction of that will have had any experience with it. It's EARLY EARLY DAYS!!

The prices will rise if things are done well, Cloak has utility and usefulness out beyond the tiny narrow boarders of all us crypto fans. We need to stop being so manic and infatuated with every little rise and dip. Forget the whales, the manipulators. Think....truly THINK what this is all about -  successful adoption of Cloakcoin by people that want to send funds anonymously. The market for this is beyond imagining. That  is what we've invested in.

those who want cheap coins, loudly do not write about, you are bagholders

every bagholders tell cheap cheap, because he wants to cut losses...

HI Mr Baggy Cloakstein-Bagholdsteiner!  
I tell you something!

SELL OFF SOON.

(bagholders can name it "FUD OMG FUD, someone is not hyping coin so he's ugly Fudd McFUDerstein lol:)

Cloak below 150k.

Why?

Lack of fuel, lack of buyers, too many sellers.

https://bitcoinwisdom.com/markets/mintpal/cloakbtc

Mark my words. SELL OFF is just a part of natural chart.

CLOAK had 2 chances but couldn't even reach 300k range..

PEAK as a triple-top in short and bulltrap as a nice double top.

OFC if great news will come ASAP, maybe price will rise fast but I wouldn't bet on that.

So i think SELL OFF is very possible.

My guess: Buy point - 100-130k, rebound to 160-180k and downtrend, rebound after only great news.

Cloak might have seen its ath at 0.0036 I think....